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Bitcoin fills July CME gap 'to the dollar' amid $104K BTC price target

CointelegraphFriday, August 1, 2025 at 7:44:00 AM
NeutralCryptocurrencyCryptocurrency Markets
Bitcoin fills July CME gap 'to the dollar' amid $104K BTC price target
Bitcoin has closed a key price gap on the CME futures market, hitting the exact level traders were watching ($114,000), while analysts debate whether this signals a bullish or bearish trend. The move comes as Bitcoin underperforms stocks amid new U.S. trade tariffs, but some still predict a rally toward $104,000.
Editor’s Note: For crypto traders, CME gaps (price discrepancies between futures and spot markets) often act like magnets—Bitcoin tends to "fill" them eventually. This time, it happened precisely, fueling debates about where BTC goes next. With mixed reactions and macroeconomic uncertainty (thanks to trade tariffs), the story highlights how volatile and sentiment-driven crypto markets can be—even small technical moves spark big debates.
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