Bitcoin Bulls Charge at $90K as Traders Eye CME Gap for BTC Price Dip

Bitcoin edged closer to $90,000 ahead of the first Wall Street trading session of 2026. The price action showed signs of resistance amid growing attention on the CME Group's futures market according to market analysis. Market participants are closely monitoring technical indicators for signs of a potential reversal.

A new downside gap formed in the CME Bitcoin futures market as traditional finance (TradFi) markets reopened. This gap is seen as a potential target for short-term price corrections. Analysts suggest the market may attempt to 'fill' the gap within days.

Gold prices rebounded after a recent correction from record highs. The move reflects shifting sentiment across commodities markets as investors reallocate positions ahead of the new year according to market reports.

Why Did This Happen?

Bitcoin's price surge into the new year coincided with increased volatility in the CME futures market. A downside gap emerged following the weekend closure, creating uncertainty for traders.

The gap is expected to influence BTC/USD movements in the coming days. Historical patterns suggest price corrections often follow such gaps, particularly in highly leveraged trading environments.

How Did Markets React?

TradingView data showed a breakout attempt gaining traction during Asian trading hours. The one-hour BTC/USD chart highlighted growing momentum ahead of the TradFi market open.

CME Bitcoin futures data revealed a 15-minute chart showing a noticeable downward gap. Traders are watching this closely as potential signals of further volatility.

TheKingfisher noted a buildup of long liquidation clusters near $88,000. This suggests a higher probability of a price dip if the area is tested according to market analysis.

CoinGlass data showed liquidity building on both sides of the market ahead of the Wall Street open. This indicates a mixed outlook with potential for both upward and downward movement.

What Are Analysts Watching Next?

Cross-crypto liquidations totaled over $200 million in the 24 hours leading into the market open. This highlights the heightened volatility across the broader crypto space.

Market watchers are also monitoring the broader economic calendar for inflation data and interest rate signals. These factors could influence risk appetite and, by extension, crypto prices.

CME Group's upcoming earnings report on February 4 may also influence market sentiment. The company has been expanding into cryptocurrency futures and 24/7 trading.

Bitcoin faces a critical test at $90,000 with potential for both breakout and reversal. Traders are advised to stay cautious amid high leverage and liquidity imbalances according to market analysis.