Bitcoin, the world’s largest cryptocurrency, has been on a wild ride in recent months, with its price reaching new all-time highs and then experiencing sharp drops. As the market continues to be volatile, many investors are wondering what the future holds for Bitcoin.

One factor that could potentially impact Bitcoin’s price in the near future is the existence of unfilled CME futures gaps. These gaps occur when the price of Bitcoin moves quickly, leaving a gap in the chart that is not filled by subsequent price movements. These gaps act as magnets, pulling the price towards them and potentially creating a target for traders.

Currently, there are two unfilled CME futures gaps that are creating targets for Bitcoin’s price. The first gap is at $16,500, which was created in November 2020 when Bitcoin’s price surged to new highs. The second gap is at $11,100, which was created in September 2020 when Bitcoin’s price dropped sharply.

These gaps have been a topic of discussion among traders and analysts, with some believing that they will eventually be filled and others arguing that they may never be filled. However, regardless of whether these gaps are filled or not, they are creating clear targets for Bitcoin’s price in the near term.

In addition to the CME futures gaps, there are other factors that could impact Bitcoin’s price in the coming weeks and months. These include the ongoing COVID-19 pandemic, economic uncertainty, and the increasing adoption of Bitcoin by institutional investors.

Despite the uncertainty surrounding Bitcoin’s future, many experts remain bullish on the cryptocurrency, citing its limited supply and growing mainstream acceptance as reasons for its potential long-term success. As always, it is important for investors to do their own research and make informed decisions when it comes to investing in Bitcoin or any other cryptocurrency.