The post Bitcoin Fills Its $117K CME Gap Amid Talk of Price Discovery Next appeared on BitcoinEthereumNews.com.

Key points: Bitcoin futures markets fill a CME gap from mid-August, the latest sign of market strength. Bulls must avoid turning that level into resistance, or new local lows await, analysis says. BTC price all-time highs could come in a matter of weeks. Bitcoin (BTC) hit a key price target on Saturday as analysis went on record to predict fresh all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin price outlook mixed with CME gap done Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spot hitting $116,800 on Bitstamp. However, Bitcoin futures stole the spotlight, reaching $117,320 and closing a major “gap” left over from a prior weekend. Appearing around Aug. 23, the gap resulted from weekend BTC price downside, with futures gradually “filling” it over a three-week period. “If BTC fully reclaims this level, the doors towards the new ATH will open,” crypto investor and entrepreneur Ted Pillows argued in a post on X prior to the move. Pillows warned that if the price treats the top of the gap as resistance, it may result in a return to monthly lows under $108,000. BTC/USDT one-day chart. Source: Ted Pillows/X All-time highs were firmly back on the radar at the weekend, however, amid various signals rejecting the idea that the cycle top was in. Keith Alan, co-founder of trading resource Material Indicators, told X followers that $124,500 was “not the top” for Bitcoin. “Why? Because there is simply too much institutional demand, and that demand is growing,” he summarized. The US spot Bitcoin exchange-traded funds (ETFs) saw net inflows of over $2.3 billion in the five days through Sept. 12, per data from UK investment firm Farside Investors. US spot Bitcoin ETF netflows (screenshot). Source: Farside Investors Alan also referenced upcoming interest-rate cuts by the US Federal Reserve, which, while…

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Filed under: News - @ September 13, 2025 11:16 pm