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Bitcoin Plunged Again! Are CME Gaps Behind The Dip?


Bitcoin Future CME gap filled!



Bitcoin futures trading is gaining traction in the recent days with many investors getting attracted towards the derivatives trading. However, the trades are closed on weekends and for the reason, the Chicago Mercantile Exchange(CME) gaps are formed.



Post the recent pump of Bitcoin, some analyst discovered a massive CME gap surrounding $11,200. This gap was expected to be filled soon, however, the event is anticipated to have occurred in just a couple of hours before.



Bitcoin which had rallied above $11,400 for some instance, dumped back to fill the CME gap. Currently, Bitcoin is priced at $11,264.27 with a loss of 0.9 percent in the last 24 hours. One of the analysts The Moon had tweeted about the gap well before Bitcoin dip.




There is a CME gap at $11,200 in the #Bitcoin chart. I expect it to get filled this week. pic.twitter.com/KirwXhCMuz — The Moon

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