On July 15, according to Cointelegraph, BTC dropped 5% to $116,850 after hitting a historical high this week, with analysts stating that some BTC holders took profits. BTC's recent rise left a gap between $114,380 and $115,630 on the CME futures market, and futures gaps are typically "filled" in most cases, with traders usually treating these levels as resistance or support based on market structure. If history serves as a reference, BTC price might ultimately drop to fill the CME gap at $114,400,
Crypto analyst Mikybull Crypto posted on X on Tuesday: "BTC is likely to fill the CME gap during the CPI data release and then continue rising." However, MN Capital founder Michael van de Poppe noted that BTC might further retrace to $108,000.
