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CME Futures Gaps Hint Bitcoin Price is Headed to $18,000 Or Higher

CME Futures Gaps Hint Bitcoin Price is Headed to $18,000 Or Higher
Bitcoin price has gone parabolic in recent weeks , and while the leading cryptocurrency by market cap is currently taking pause for some much needed consolidation, much of the market is predicting that this is just the beginning of upside momentum .
While most have conservative price targets of $9,000 or $10,000, one trader believed that Bitcoin may be targeting significantly higher – price points that have left gaps in the CME Bitcoin Futures charts that have yet to be filled.
Will Bitcoin Price Fill CME Futures Gaps At Near Previous All-Time High?
Since the start of April, Bitcoin has been the talk of the finance and tech industries, and the first-ever cryptocurrency has bounced back from bear market lows , and captured the attention of the market and media once again with a parabolic move that cannot be ignored.
Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble
As Bitcoin’s highly-publicized parabolic move in late December 2017 collapsed, on the way down, the asset left two unfilled gaps on CME Group’s Bitcoin Futures chart. The two gaps could suggest that Bitcoin is targeting $17,700 and $18,500 – the two Bitcoin price levels without candle bodies as can be seen in the chart below shared by self-proclaimed “shitcoin trend trader,” Rampage.

$BTC CME gaps yet to be filled;
– $18,500 – $17,700
Look's like we're headed back to fill those gaps! pic.twitter.com/DUiCdX23cq

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