Bitcoin Prices Shake, but CME Futures Gap Can Strengthen Support

Bittime - Optimistic Bitcoin holders are trying to stay afloat despite recent price drops to their lowest since early March after a brutal weekend sell-off. 

This price drop has instilled some fear in the market, but there is a potential bright spot in the future: a significant gap in CME Group's Bitcoin futures contract market .

CME Futures Gap: Potential Savior?

A gap in the CME Bitcoin futures contract market emerged quickly during the weekend price drop. The CME futures contract closed at $69,135 on March 15. This creates a price gap between the futures price and the current spot price , and historically, such gaps tend to fill eventually.

This opens up opportunities for traders. The incentive lies in exploiting the price difference between the futures contract and the spot price. This means buying Bitcoin at a lower spot price and selling it at a higher futures price to capture the difference.

Basically, if the price falls below $60,000, some traders may see this as a buying opportunity. They will buy Bitcoin at a discount, anticipating the price to rise and covering the gap with the futures market.

Check Today's Crypto Market:

BTC Price Today

Source: Bittime 

Based on today's Bittime market, BTC prices were observed to have increased 1.74 percent in the last 24 hours. Currently the price of BTC to IDR is IDR 1,064,797,127.

Also Read How to Buy Crypto:

Warning: Volatility Still Prevails

It is important to remember that the CME futures contract gap is just one of many factors that influence the price of Bitcoin. The cryptocurrency market remains highly volatile, and unexpected events can significantly impact its price trajectory.

However, the CME futures gap is an interesting development to watch. If the price falls further, this gap could offer some much-needed support and potentially help reverse the current downward trend.

Check Crypto Prices Today:

How to Buy Bitcoin (BTC) on Bittime

You can buy and sell  Bitcoin (BTC)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Bitcoin (BTC)  is available on Bittime with  the market pair BTC/IDR . To be able to buy  BTC IDR  at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Bitcoin (BTC) on Bittime . 

Monitor price chart movements  of Bitcoin (BTC ) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Impact of Ethereum Dencun Upgrade on Polygon Network (MATIC)

BTC/USDT: Correction to $67,000 in Early Asia, Bullish Momentum Stalls?

Bitcoin Trading Strategy: How to Make Money from Bitcoin

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.