Is BTC price about to fill a $78K Bitcoin futures gap? — TradingView News

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Bitcoin BTCUSD may finally reach a key downside target from last year as BTCUSD edges ever closer to old all-time highs.

In fresh X analysis on Feb. 27, popular trader and analyst Rekt Capital flagged an incoming “gap” in CME Group’s Bitcoin futures markets.

Battle of the Bitcoin futures gaps begins

Bitcoin hit new multi-month lows of $82,160 into the Feb. 26 daily close, data from Cointelegraph Markets Pro and TradingView confirms, subsequently rebounding by around 5%.

Despite this, fears remain over where the market may put in its next local bottom thanks to a broad liquidity wipeout and lack of buyer conviction.

The latest data from monitoring resource CoinGlass shows dispersed bid liquidity around $80,000, this paling in comparison to the wall of asks up to $90,000.

For Rekt Capital, however, there are two easy targets on the horizon.

Bitcoin has created a sizeable CME gap both to the upside and downside and if history is a…

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