Bitcoin’s Next Cycle Bottom Could Be $88K If This CME Gap Stays Unfilled
Forget the doom-and-gloom headlines. A technical quirk on the Chicago Mercantile Exchange charts is flashing a surprisingly bullish signal for Bitcoin's next cycle.
The CME Gap Theory
Traders watch these 'gaps'—price jumps between Friday's close and Monday's open on CME futures—like hawks. History shows they often get filled. But the last one? It's still hanging open, a phantom zone on the chart.
Why $88K Matters
If that gap stays unresolved, analysts project it could establish a staggering $88,000 floor for Bitcoin's next market cycle bottom. That's not a peak prediction—that's a proposed basement. It reframes the entire risk landscape, turning what was once an all-time high into a potential future support level. Talk about a plot twist for the traditional finance crowd still waiting for crypto to zero out.
The Bigger Picture
This isn't just chart astrology. It underscores a maturation. Major institutional players now trade these CME contracts, making their price action a core part of Bitcoin's global liquidity tapestry. The market's memory is getting longer, and its foundations, potentially much higher.
A cynical take? Wall Street spent years calling it a bubble, only to now have its own trading mechanics suggest a six-figure floor. The irony is thicker than a legacy bank's fee schedule. One thing's clear: the old rules are out. In crypto, even the 'bottoms' are looking up.
Gap Analysis: One Filled, One Remaining
The Bitcoin futures market of CME Group had two gaps that were created during the turn of the year period. One gap has been closed as a result of the latest move in the price, which led to BTC/USD falling below $90,000.
Source: ExperianKey Support Levels Imply
Market participants are focusing on significant support levels such as the 21-day moving average (DMA) of $88,900. Michal van de Poppe remarks that bitcoin momentarily went lower than this level, but staying above it would be a great sign.
Important day on $BTC.
It's hit the 21-Day MA and briefly dipped beneath this level.
That's not bad, it can take liquidity, although I'd favor #Bitcoin to hold this level.
In that case, we're still on track for a test at $94K in the coming week.
If not, then we might be… pic.twitter.com/Xn34b790Zx
Other support zones around $89,000 and $92,000 were also identified by trader Daan crypto Trades.
$BTC Low timeframe liquidity clusters to watch are ~$89K & ~$92K.
As price is back in the middle of its larger range I wouldn't be surprised to see it chop around this region until the end of the week. pic.twitter.com/10AKPEn39e
Market Sentiment
The sentiment of the market is mixed; some analysts are optimistic about a rebound, but others are concerned about possible risks. CW, a CryptoQuant contributor,that the outstanding gap is a risk, and closing it WOULD be good for the uptrend.
The $BTC CME gap still remains, posing a potential risk.
For a stable upward trend, it's best to eliminate this risk and then start the rally.
However, if this gap isn't filled, it means the bottom of the next cycle will likely be NEAR this point. pic.twitter.com/q5pOgvtYgL
To sum up, Bitcoin’s drop below $90,000 has led to the filling of one CME gap, and the remaining gap near $88,200 thus becomes a critical level to be aware of.
✅FIRST CME GAP CLOSED!
As Bitcoin dips below $90K, the first CME gap has now been FILLED.
Are we heading for a deeper MOVE to fill the next CME gap around $88K? pic.twitter.com/eCV8jAuKC4
On the contrary, if the gap is not filled, that could be a sign of a bottom around $88,000 in the next cycle. Traders are still split on the sentiment, but those who focus on technicals are paying close attention to the support levels and gap analysis as indicators of the next move for the cryptocurrency.
