NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

There’s a CME Gap at $11,855 For Bitcoin, And It Could Trigger a 47% Rally

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin’s bulls have fought back against intense selling pressure that the cryptocurrency has faced over the past 12 hours, which previously led some analysts to believe that BTC was poised for a major drop back into the lower-$7,000 region.

If BTC had broken below its key support around $7,700, it is probable that it would have continued dropping until it reached around $7,200, as this is where it established strong support throughout late-2019.

Analysts are now noting that there is one factor that could mean Bitcoin is in for some massive gains in the near-term, with an open CME gap potentially being a catalyst for the next 50% rally.

Bitcoin Bounces From $7,700 as Bulls Shows Vitality 

Currently, Bitcoin is trading up just over 2% at its current price of $8,050, which marks a notable climb from its daily lows of $7,700 that were set yesterday when bears attempted to generate enough selling pressure to force BTC to erase all of its recent gains.

Many analysts have speculated that this recent rally was being driven by BTC being treated as a safe haven investment by investors concerned about the tensions in the Middle East, although these tensions have shown signs of dissolving and the cryptocurrency’s bullishness momentum appears to remain strong.

UB, a popular crypto analyst and trader, explained in a recent tweet that in the near-term, he believes BTC could retest its recent highs around $8,300, with a break above this potentially marking the start of the next major uptrend.

“$BTC – Closed my short from $8,313 at $7,950s and flipped long. I don’t believe a retest of ~$8300s is out of the question. A weekend scamp pump to the Daily Pivot at $8550s isn’t out of the question either,” he explained.

$BTC – Closed my short from $8,313 at $7,950s and flipped long.

I don't believe a retest of ~$8300s is out of the question.

A weekend scamp pump to the Daily Pivot at $8550s isn't out of the question either. #Bitcoin pic.twitter.com/6AQsa4ov8B

— UB (@CryptoUB) January 10, 2020

Will a CME Gap Spark The Next Parabolic Rally?

Throughout all assets with futures trading, analysts often look for gaps created in the CME futures chart as signals for where the asset is heading next, as statistically these gaps are almost always filled.

This is also true with Bitcoin, which currently has an open gap at $11,855, which leads Josh Rager, another popular cryptocurrency analyst on Twitter, to note that BTC could soon move to fill this gap.

“$BTC – your latest Bitcoin gap update. Price has yet to make its way back down to $7,615 & has bounced at support. But wait, looks like the $11,855 gap remains unexplored from August ’19. As all CME gap fanatics pray that price doesn’t fill the $11k gap before the local gap,” he said.

https://twitter.com/josh_rager/status/1215611343526670336?s=21

If BTC moves to fill its local gap at $7,615 first, it will mean that the crypto has broken below its key support level at $7,700 and could mean that another capitulatory drop is imminent.

Regardless, the $11,855 gap that currently exists roughly 47% above where Bitcoin is currently trading is certainly something that may motivate bulls in the near-term

Featured image from Shutterstock.
Tweet123Share399ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

파키스탄·엘살바도르, '비트코인 협력' 논의…지금 주목할 만한 사전판매는?

파키스탄·엘살바도르, ‘비트코인 협력’ 논의…지금 주목할 만한 사전판매는?

파키스탄과 엘살바도르가 암호화폐를 외교 정책의 중심축으로 삼는 새로운 양자 동맹을 공식화했다. 이는 암호화폐 규제 및 채택을 둘러싼 국제적 흐름 속에서 이뤄진 또 하나의 전략적 전...

Soyeon Lee 4 hours ago
Satoshi-Era Bitcoin Now for Sale: Galaxy Digital Sends 1,500 BTC To Binance

Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance

Bitcoin is currently consolidating between $115,000 and its all-time high of $123,000, forming a tight range that has kept both...

Sebastian Villafuerte 5 hours ago
Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Woensdag verscheen een transactie waarbij een enorm aantal Pi Coin tokens van de beurs OKX naar een wallet werd verplaatst....

Lars Diederiksen 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

Opeyemi Sule 50 minutes ago
Bitcoin Miner Sales Surge To Highest Level Since April – Details

Bitcoin Miner Sales Surge To Highest Level Since April – Details

Sebastian Villafuerte 2 hours ago

ChatGPT預測以太坊6,000美元前技術關卡 更快達到100倍幣增長有那些山寨幣?

Mark Mak 4 hours ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    9 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    9 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    9 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    9 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.