What Bitcoin CME Gaps Are and How They Influence Price Movements

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What are Bitcoin CME gaps?

The Chicago Mercantile Exchange (CME) gap appears when the price of Bitcoin (BTC) changes between Friday’s closing price and Monday’s opening price on the CME Bitcoin futures market. Price movement over the weekend, when no CME trading takes place, creates a disconnect on the chart. These gaps often draw attention because they tend to be filled once the market reopens.

Let’s look at an example. If BTC closes at $109,880 on the CME on Friday evening and the price rallies over the weekend, the market might reopen on…



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What Bitcoin CME Gaps Are and How They Influence Price Movements


What are Bitcoin CME gaps?

The Chicago Mercantile Exchange (CME) gap appears when the price of Bitcoin (BTC) changes between Friday’s closing price and Monday’s opening price on the CME Bitcoin futures market. Price movement over the weekend, when no CME trading takes place, creates a disconnect on the chart. These gaps often draw attention because they tend to be filled once the market reopens.

Let’s look at an example. If BTC closes at $109,880 on the CME on Friday evening and the price rallies over the weekend, the market might reopen on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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