The Bitcoin (BTC) cash price increased by 9.5%, from around $ 84,100 to more than $ 94,000 on Sunday after President Donald Trump appointed BTC and four other pieces – ETH, XRP, Sol and ADA – for the Strategic Cryptography Reserve.
This led to an opening of GAP-UP for term contracts on March listed on the CME, as shown in the CME data source and the tradingView mapping platform. The contract opened at $ 95,000 early today, up $ 9,280 from Friday summit of $ 85,720.
The gap represents an uncompromised area, indicating a price level where no transaction has occurred between consecutive negotiation sessions. This absence of trading suggests a brutal change in the feeling of the market, which, in this case, is optimistic after the sale last week.
Gaps are often filled because market players tend to restore a balance after disruption. The best example is the sale of last week below $ 80,000, which has filled the gap from November.
Thus, the emergence of a new difference between $ 84,000 and $ 94,000 means that prices could review this window once.
