Why Bitcoin investors should be wary of the CME gap
Bitcoin proponents are having a field day in the market. The digital asset breached past its $64,000 resistance for the 1st time since 21 October. While the level was previously tested on 2 November, there wasn’t a market close above the range.
At press time, Bitcoin was consolidating near $66,000, but the breakout happened before the start of a new week. This has now given rise to another speculative correction. (Long time no see, CME gaps!)
A CME gap is created when the price of Bitcoin opens above or below the previous day’s close on the CME exchange. One of the prime reasons for CME gaps creation is the fact that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7.
Howev
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