Traders Are Sweating Over THIS Bitcoin Gap (And No, It’s Not Your Pants)

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Well folks, Bitcoin had a weekend mood that can only be described as “Netflix with snacks and zero ambition.” It shuffled its way down toward $95,000, which I’m told is not a shopping discount but an actual price. The reason? Traders packed up, left the volume at home, and probably went outside for some fresh air (or to cry).

Something Called a CME Gap Might Save Bitcoin From Itself 🕳️

The Chicago Mercantile Exchange (CME), that magical place where Wall Street types pretend to like crypto, clocked out Friday near $97,022. Meanwhile, Bitcoin on platforms like Binance decided, “Hey, what if we just… fell a little?” This split in personalities created one of those famous “CME gaps” traders love more than avocado toast.

Daan Crypto Trades (imagine David Attenborough but narrating candlestick charts instead of meerkats) tweeted that these gaps tend to be filled quickly — we’re talking 1-3 days, not like the time it takes to respond to your boss’s “quick question” email. If Bitcoin keeps dangling around $95,400 when CME fires up again, all signs point to a $1,600 price hop to close that gap. Floor is lava, Bitcoin is a frog, etc.

The chart Daan shared had all the hallmarks of a bad weekend: a lovely descending trendline signifying “whoops, red again.” But right above that line? A juicy CME gap dangling like a piñata at a trader’s birthday party. Will bulls show up to take a swing? Place your bets! (Not financial advice, unless you enjoy chaos.)

Daan’s next X post (formerly Twitter — Grandma, pay attention!) doubled the drama: there’s not just the new $97,000 CME gap, but also an elder statesman gap between $91,000 and $92,000 that has been haunting the charts for two weeks. It’s the financial equivalent of leaving leftovers in the fridge: eventually someone is going to eat it, but who knows when?

So here we are — Bitcoin floundering at about $94,248, stuck between two unfilled gaps. It’s like being at a party where both your exes show up and you’re just minding the chips, wondering which one to dodge first.

Price Levels, Gaps, and… Existential Dread? 🎢

In more Daan Dispatches, our analyst says Bitcoin’s in a super-tight “consolidation” zone between key levels: the Daily, Weekly, Monthly, and Yearly Opens. These are the Beyoncé, Adele, Taylor Swift, and Mariah Carey of price levels — for Bitcoin, everything happens there. You break out? You go full diva and surge. You break down? Welcome to the $91,000 club. Hope you like red candles and self-doubt!

So, next move: break above the Daily Open and 🚀, maybe even close that CME gap at $97,000. But tumble below the Yearly Open? Well, say hi to the $90,000 range and bring snacks. You’ll need them.

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2025-05-07 08:28