Bitcoin's price continues to rise, but the existence of CME futures gaps may signal a potential dip, despite October’s historical strength for the cryptocurrency.
Bitcoin's price has surged by 2.5% over the last 24 hours, trading near $112,061, with a notable CME futures gap between $110,000 and $111,335. Although October is typically Bitcoin's second-best month, the CME gap introduces some uncertainty, as Bitcoin often retests lower levels. Additionally, the broader market saw strong gains with Ether also climbing 3.4%. Market sentiment remains optimistic, but technical patterns suggest a potential dip ahead.