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CME Futures Gaps Show Bitcoin Could Be Headed To $18,000 (Or Higher)

Stefan by Stefan
25/05/2019
in Bitcoin News
Reading Time: 2 mins read
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The Bitcoin price is still a hot topic re-shared by many best cryptocurrency news sites. However, what’s interesting in the latest news is a hint by CME Futures gaps which shows that if all goes well, Bitcoin is headed to $18,000 or higher.

Even though most of the analysts first want to see BTC at the $9,000 or $10,000 price targets, one trader believed that BTC may be heading higher – to price points which have left gaps in the CME Bitcoin Futures charts that yet need to be filled.

After going parabolic in the recent weeks, Bitcoin has corrected to a level below $8,000 and further dropped down to $7,500. Currently, the price action shows that BTC is increasing and colliding with the hints and predictions from CME Futures gaps.

Ever since the start of April, Bitcoin has been the main talk of the finance and tech industries – and a hot topic in the latest cryptocurrency news. It was also the first-ever cryptocurrency that has bounced back from bear market lows and captured the attention of the market and media once again.

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So, is a new parabolic move coming in for Bitcoin?

The CME Futures gaps show that this is entirely possible, mostly because of Bitcoin’s move in late December 2017 which left two unfilled gaps on CME Group’s Bitcoin Futures chart. These two gaps, according to some altcoin news analysts, could mean that Bitcoin is targeting $17,700 and $18,500 – which are two price levels without candle bodies as can be seen in the chart shared by the 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

— Caesar (@thrillmex) May 21, 2019

The CME Futures gaps show that certain filling is needed. Speaking of, in the financial market, “filling the gap” is basically a process in which an asset returns to its previous price levels where a void in the chart has formed – due to the price of the asset which is rising or declining quickly while the trading is offline. When the trading resumes, the price of the asset is significantly lower or higher than it was at close – thereby leaving a gap.

This Bitcoin gap is a major topic right now and could hint on something bigger than many expect.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: bitcoin btc pricebitcoin flashbitcoin to 17kbitcoin to 18kbitcoin to 19kcme bitcoin chartscme bitcoin predictioncme bitcoin pricecme chartscme futures gapsfeaturedgaps on cme chartslatest btc news
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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