Bitcoin CME Gap Filled at $114K; $116K Resistance in Focus

Published: 2025-08-01 08:59:27 |

Bitcoin CME gap fill at $114,322 on Bitstamp marked a three-week low. The retracement closed the July Bitcoin CME gap on CME futures charts. A brief rebound followed the fill. US trade tariffs weighed on market sentiment. Fed hawkishness and higher-than-expected PCE inflation added headwinds. Traders now focus on $116,000 resistance and $104,000 support. Daily close and trading volume will confirm trend direction. Bitcoin underperformed the S&P 500, reflecting its sensitivity to geopolitical risks. Short-term traders should set clear risk limits and watch gap-fill behavior. Long-term investors may view current volatility as a buying opportunity.

Neutral

The news presents a neutral outlook. The Bitcoin CME gap fill at $114K often acts as a bullish signal, but resistance at $116K and macro headwinds like US tariffs and Fed hawkishness pose downside risks. Traders remain divided between a potential rebound and a further drop to $104K support. Short-term volatility is expected as participants watch key technical levels and macro data. Long-term investors may view dips as buying opportunities, making the overall impact neutral.