Bitcoin price still has a CME futures gap unfilled at $9,600 but that doesn’t mean $11K won’t be reclaimed soon.
The price of Bitcoin (BTC) has been stagnating in recent weeks, as it couldn’t break above $11,000 and couldn’t drop below $10,000, the ultimate sign of a continued range-bound structure.
Such a range-bound and sideways structure could strengthen some relief on the markets, as the altcoins — especially the DeFi sector — have seen massive selloffs in recent weeks.
However, what’s next for Bitcoin as the futures expiration day is tomorrow, which most likely will cause short-term volatility?
Bitcoin is still waiting to fill the CME gap as the downtrend continues
BTC/USD 1-day chart.