Bitcoin Fills $107K CME Gap as US September CPI Approaches

Published: 2025-10-23 02:47:31 |

Bitcoin filled the $107K CME futures gap this week, rebounding near $106K before volatility surged ahead of the US September Consumer Price Index (CPI). Data from Cointelegraph Markets Pro and TradingView show BTC/USD failed to hold above resistance amid a stronger US dollar index (DXY) and a pullback in gold. Analyst Daan Crypto Trades confirmed the CME gap closure but warned of continued choppy trading and possible dips toward $100K if support breaks. With limited US data this week, Friday’s CPI has become the key macro trigger. Trading firm QCP Capital noted that a softer-than-expected 0.2% month-on-month print could bolster the soft landing narrative, improve liquidity expectations and reinforce Bitcoin’s upside skew. Until clearer inflation and rate signals emerge, traders should watch US CPI, DXY trends and CME gap levels for short-term trading signals.

Neutral

Pending US CPI data and mixed macro signals have created short-term uncertainty for Bitcoin price action. While the CME gap closure and potential soft CPI print offer bullish catalysts, stronger US dollar pressure and uneven liquidity suggest continued choppy trading. This balance of positive and negative factors points to a neutral market impact until clearer inflation and rate outlooks emerge.