CME Gap Filled in, manipulation, or a bullish sign for bitcoin? – Bitcoin News

The Chicago Mercantile Exchange (CME) Group is one of the leading derivate exchange platforms in the world. The exchange had announced to launch options trading for the cryptocurrency in Q1 of 2020. The unfilled gap in the CME futures chart was filled today, which could prove to be bullish for the leading cryptocurrency.

CME Group is among the top margin trading exchanges in the world. The platform earlier announced to introduce options trading in the first quarter of the next year. Today the Bitcoin trading came under the spotlight as several crypto experts noted CME bitcoin futures flash crash to $8,500 to fill the gap.

CME BTC/USD futures suddenly dropped below $8,500 before returning to $9,300. When the price of the leading cryptocurrency reached $10,600 later last month, a gap was created on CME futures. Today, the gap was filled.

A gap occurs when one session begins higher than where the last ended. Crypto trader @satoshiiHeavy tweeted the chart, adding that dump was not present on other exchanges. During the sudden surge in the price of bitcoin on 25th October, it created a breakaway gap from $8,700 to $9,600.

At the time of writing, the leading cryptocurrency is changing hands at $9,278. If the filling in of gap is considered a bullish sign, then the resistance areas for bitcoin are found at $11,000 and $12,00.

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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