Bitcoin fills CME gap, setting the stage for its next price movement

Bitcoin has officially filled the CME gap, a key technical event that traders have been watching closely.

Bitcoin (BTC) price has officially filled the CME gap, a key technical event that traders have been keeping an eye on for some time.

Many expected the market to drop around March 10, but it seems that the dump arrived earlier than anticipated, shaking up some expectations.

Now, the big question is - what happens next? According to EGRAG CRYPTO’s analysis, the coming months could bring plenty of ups and downs before Bitcoin makes its next major move. Will history repeat itself, or is something different on the horizon? Here’s what to watch for in the days ahead.

Bitcoin price may continue moving around the 200-day Exponential Moving Average (EMA) before making a decisive breakout, according to EGRAG CRYPTO’s analysis. This pattern was seen between July and September 2024, where BTC experienced several uprisings followed by dips, testing investors’ patience before the final breakout.

If the same trend repeats, we could see Bitcoin experience short-term recoveries followed by further declines, testing the limits of those holding onto the cryptocurrency.

March and April 2025 could bring extreme volatility as the market absorbs the impact of the recent drop. Many traders had anticipated a steeper decline around March 10, but Bitcoin fell sooner than predicted.

All eyes are now on how BTC will react at key support and resistance levels, which could determine the next stage of its journey.

CME gaps have historically influenced Bitcoin’s price movements. For instance, in January 2021, Bitcoin had a gap between $29,410 and $33,050 on the CME, which was later filled.

Following the filling of the gap, Bitcoin didn't just stall at that level; instead, it continued its upward trajectory, ultimately breaking through the $40,000 mark in the same month.

If this pattern repeats, filling the CME gaps could be a crucial factor in the unfolding of Bitcoin’s price trends.

EGRAG CRYPTO has previously predicted that Bitcoin could hit $150K-$170K, aligning with the Fibonacci 1.618 level. While this once seemed far-fetched, Bitcoin’s recent price action suggests it’s still a possibility.

If history repeats itself, we might see more short-term volatility and testing of support levels before Bitcoin makes a final move to new highs.

At the time of writing, Bitcoin is trading at $80,273, down 7% in the last 24 hours. Its market cap has fallen to $1.59 trillion, but 24-hour trading volume has risen by 15%, reaching $81 billion—showing strong market activity despite the decline.

If past trends hold, this might just be the setup for the next major run.