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Will #Bitcoin fill the $20,800 CME gap? 😳

CME gaps in BTC price occur due to differences between closing and opening prices on the CME caused by the volatility during the weekend, as prices continue to trade on other platforms 24/7.

People believe these gaps tend to get filled over time, but why?👇

Bitcoin is volatile and moves in cycles, from Bull to Bear. Most of these gaps are formed when the trend is strong

When price peaks and the trend shifts to bearish, it starts moving down, leaving several unfilled gaps above us as prices go down to find its bottom.

Most of these gaps (above us) get filled sooner or later because as Bitcoin has been in a Macro uptrend.

As the new cycle begins, the price fills all the unfilled gaps as it starts moving towards the ATH.

However,

There are some gaps that never get filled! 🤔

Gaps that are formed near the cycle bottom might stay unfilled because after every peak, Bitcoin corrects by 75-85%. Even after a pullback, Bitcoin might fill the gap only to a certain extent.

In the last cycle, Bitcoin bottomed near $3000, leaving a CME gap at $3500. Despite people's expectations and even a Black Swan event, the gap was never filled as the price went into the Bull Market.

Now, in the current cycle, Bitcoin bottomed near $15,500, leaving a gap near $20,800. With a similar sudden surge in price into the Bull market closer to its halving and other strong narratives.

If the cycle continues without any unexpected events, the $20,800 gap might stay unfilled, just like the $3500 gap of the previous cycle, as Bitcoin climbs up higher into the Bull Run.