- Bitcoin Nears CME Gap, Eyes $86K Rebound
- Trading Volume Spikes 15% as BTC Tests Gap
- RSI at 68 Signals Possible Correction Ahead
The Bitcoin market observes price movements due to a CME gap reaching $84,418. The CME Bitcoin futures contract created this gap through its price movement from $83,900 at the market closure on March 28, 2025 to $84,418 at market opening on March 29, 2025. The $518 gap stands as a vital technical marker which might shape upcoming price trends in the market. Experts in the market believe Bitcoin will approach this gap before it attempts to recover.
CME Gap and Market Activity
Throughout history Bitcoin price movements in relation to CME gaps have consistently drawn the interest of market traders. The closure and reopening of the futures market over the weekend produces what is known as a CME gap due to price change. Bitcoin tends to return to these price gaps which appear during the weekend in subsequent trading periods.
Bitcoin gained 0.6% to reach $84,500 on Binance and Coinbase during its first hour after creating the gap. The Bitcoin trading volume experienced a 15% boost as reported by CoinMarketCap to reach $35 billion according to their records. The technical change on Bitfinex and Coinbase platforms led to raised trading activity among users.
Technical Indicators Suggest Possible Rebound
Technical analysis points to a potential price reaction near the CME gap level. Bitcoin entered an overbought stage as its Relative Strength Index (RSI) reached 68 during March 29, 2025 at 18:00 UTC. A correction could potentially take place ahead of the upcoming upward price movement.
The Moving Average Convergence Divergence indicator registered a bullish crossover which indicates that Bitcoin prices will strengthen during short-term movement. Recent Glassnode on-chain data showed that Bitcoin network activity rose by 5% through new active address activity.
Bitcoin’s dollar value is under close analyst scrutiny within the price range of $83,000 to $84,000. Bitcoin stands to rebound toward $86,000 in case the current price level maintains its stability because past market patterns linked to CME gaps consider this possibility. Supportive levels preventing price drops will exist but their failure would lead to additional price drops.
