Bitcoin News Today: Bitcoin Fills CME Gap at $114K Amid Market Uncertainty

Bitcoin has completed the CME gap fill on its daily chart, a key technical event that traders and analysts are closely observing for potential implications on the price trajectory of the cryptocurrency. The gap in question occurred following a weekend price discrepancy in the CME Bitcoin futures market, and it was recently filled as the price dipped below $116,000 and closed at approximately $114,000 on August 1, 2025 [1]. This move aligns with historical patterns where Bitcoin tends to retrace such gaps, often signaling a period of consolidation or a pivot in price direction.

CME gaps are a well-known feature in Bitcoin’s price chart, appearing when the futures market opens at a different price after a weekend or holiday. The most recent gap in the BTC CME Futures chart was formed between $98,395 and $102,020 in early July, and the recent price movement has effectively closed this discrepancy, offering clarity to the market and reducing short-term uncertainty [3]. Traders are now analyzing whether this filled gap will act as a support level or trigger further downward movement.

Analysts have offered varied but generally bullish interpretations of the gap closure. Mags suggested that the price drop below $115,000 represents a retest of the neckline of an inverse head-and-shoulders pattern, projecting a potential target of $172,000 [5]. Meanwhile, Michaël van de Poppe views the correction as an attractive entry point for new long positions, with the expectation of a rebound later in August [6]. He also highlighted the possibility of market stabilization, followed by a renewed upward trend, especially for Bitcoin and altcoins.

Historical data provides additional context. In post-halving years such as 2013, 2017, and 2021, August has typically seen strong Bitcoin performance, with gains of 30%, 65%, and 14%, respectively [7]. Analyst Alpha Finder pointed to these historical trends as a potential indicator that August 2025 could follow a similar bullish path [8]. However, external factors such as U.S. tariff announcements continue to introduce market volatility, reminding investors that past performance does not guarantee future outcomes [9].

With the gap now filled, the market appears to be at a crossroads. One potential scenario envisions a V-shaped recovery, with Bitcoin rebounding to $124,000 [10], while the other anticipates a more measured consolidation phase before a renewed upward movement. The current positioning near key support levels means that the next few trading sessions will likely provide clarity on the market’s next direction.

The event has been widely discussed in the crypto community, with many viewing it as a significant technical milestone that reinforces the importance of CME gaps in trading strategies. As traders and investors continue to monitor the price action, the filling of the CME gap serves as a reminder of Bitcoin’s ongoing alignment of spot and futures price levels, a dynamic that remains central to its market behavior.

Source:

[1] $BTC Filled CME Gap at $114K (https://www.binance.com/en/square/post/27733998083521)

[2] Merlijn The Trader - X (https://x.com/MerlijnTrader/status/1951191179****58610)

[3] Page 36 | BTC Futures Contract Trade Ideas (https://www.tradingview.com/symbols/DERIBIT-BTCUSD1!/ideas//page-36/?contract=BTCUSD08Q2025)

[4] BTC is filling the CME gap! 123k+ is coming! (https://www.facebook.com/groups/435434921238337/posts/150****810746904/)

[5] Bitcoin ends record month at $115K with BTC price set... (https://cointelegraph.com/news/bitcoin-record-monthly-115k-with-price-vertical-august)

[10] cme gap filled! - US_Trading_Master on Binance Square (https://www.binance.com/en/square/post/27731387633834)