Analyst: Bitcoin may rebound to $114000 to make up for CME shortfall

BlockBeats news, on July 15th, according to Cointelegraph, Bitcoin fell 5% to $116850 after hitting a historic high this week. Analysts say that some Bitcoin holders took profits, leading to a decline in Bitcoin. The recent rise of Bitcoin has left a gap between $114380 and $115630 in the CME futures market, and in most cases, the futures gap is' filled '. Traders typically operate at these levels as resistance or support levels based on market structure. If history can be used as a reference, BTC prices may eventually fall to make up for the CME gap to $114400, Crypto analyst Mikybull Crypto posted on X on Tuesday, stating that "Bitcoin is likely to fill the CME gap during the CPI data release period and continue to rise thereafter. However, Michael van de Poppe, founder of MN Capital, pointed out that there is a possibility of Bitcoin further rebounding to $108000.