Bitcoin Drops to $78k & Fills CME Gap: What’s Next?

Following the global economic tension fueled by Trump’s tariff move, Bitcoin has dropped to $78k – down 8% in the past 24 hours. This drastic decrease in Bitcoin price has now retraced back to fill the CME gap, occurred in early November. 

On Monday, November 11, the Bitcoin CME futures opened with a gap of over 3.5% after the BTC price showed remarkable momentum. The price of Bitcoin pumped from the weekly closing of $77,360 to $81,210 during the weekend and it forged a notable gap, which has now gradually filled after a period of three and a half month. 

Bitcoin CME futures – Source: TradingView

It has been historically seen that Bitcoin eventually round trips to fill CME gaps and this time it is taking a huge dip below $80k for the first time since November. 

These CME gaps are closely watched by traders for potential price movements, with the current gap suggesting a possible upward trend if filled. 

As per Coinmarketcap data , Bitcoin is currently trading near $80,500 while marking the multi-month low of $78,452 today. It has dropped over 7% in the past 24 hours while down overall 27% since hitting the all-time high of $109,114 on 20 January. 

What’s Next?

Historically, traders and analysts have noted that CME gaps tend to act as magnet for price, drawing Bitcoin back to fill them over time. Although Bitcoin price does not necessarily follow a strict playbook once it’s filled. For example, in January 2021, a large gap formed around $29,410 to $33,050 over New Year’s weekend. After it was filled within days by a dip, Bitcoin resumed its bull run and eventually reaching above $40,000 during the month. 

While filling of the CME gap signals a short-term resolution of price inefficiency, the next potential BTC movement depends on the interplay of technical levels, market sentiment, trading volume, and external catalysts. 

Traders often combine gap analysis with other indicators like moving averages, RSI, or Fibonacci levels to gauge the likely direction post-fill. Without a specific gap or date to analyze, the best answer is that Bitcoin price tends to either resume its prior trend or consolidate near the current price after filling the CME gap.