Bitcoin Faces Renewed Pressure Near CME Gap: Traders Warn of Possible $100K Breakdown
Bitcoin (BTC) has entered a fragile phase once again as prices slide 2.5% in the past 24 hours, approaching a key CME futures gap near $107,390. Despite a brief rebound earlier this week, weak trading volume has cast doubt on the sustainability of the recovery, with analysts now eyeing a potential retest — or even a breakdown — of the $100,000 psychological level.
According to Cointelegraph Markets Pro and TradingView, BTC/USD fell to around $107,460 on Bitstamp, marking a fresh weekly low. Market participants are watching closely as the CME gap — an unfilled futures price difference — remains a technical magnet for traders.
CME Gap: Why It Matters
The current CME gap emerged around $107,390, created by the difference between Friday’s futures closing price and Monday’s opening level after the weekend. Since the CME Bitcoin Futures market closes for the weekend while spot Bitcoin trades continuously, such gaps are common and often “filled” when the market later revisits those price levels.
Historically, Bitcoin has tended to return to these CME gap zones, reinforcing their technical significance. Traders often treat them as “price magnets,” expecting the market to move back toward these levels before forming a new trend direction.
Last week, BTC already filled a large CME gap near $110,000, confirming this recurring behavior. However, the latest drop shows Bitcoin inching toward filling the new gap around $107,390, but not yet completing it — leaving uncertainty in the short term.
Key Technical Zones to Watch
Bitcoin’s immediate challenge lies in holding above $107,000–$108,000, identified by multiple traders as a short-term support area. Losing this zone could trigger a slide back toward $100,000 or even $98,000–$95,000, especially if volume continues to thin out.
| Price Level | Significance | Source |
|---|---|---|
| $110,000 | Previous CME gap, already filled | Daan Crypto Trades |
| $107,390 | Current CME gap zone | Cointelegraph / TradingView |
| $107,000–$108,000 | Key short-term support | Ted Pillows (X) |
| $103,750 | Futures low from last week | TradingView |
| $100,000–$98,000 | Potential downside target | Roman (X) |
| $95,000 | Deep correction zone if selling intensifies | Crypto Tony (X) |
Traders’ Outlook: Warning Signs Multiply
Daan Crypto Trades noted that while the new CME gap has been partially filled, there remains “room below,” signaling potential for further downside before stabilization.
“BTC opened with a small CME gap below this week. The price moved down to fill part of it, but not completely. Keep this in mind if we get closer to that level. Meanwhile, last week’s large gap at $110K is now fully closed.”
— Daan Crypto Trades (@DaanCrypto), Oct 21, 2025
Similarly, Roman, a prominent analyst, expressed skepticism over the recent breakout attempt, citing a lack of volume confirmation.
“That breakout had no strong volume behind it. I’m expecting a retest of the $100K–$98K area soon.”
— Roman (X)
Crypto Tony echoed this cautious tone, projecting that BTC could briefly dip to $95,000 if bearish pressure accelerates.
The Volume Problem: Weak Confirmation for Bulls
Low trading volume has emerged as a central concern. Despite multiple intraday rebounds, none have been supported by a significant rise in volume — a classic sign that upward moves may lack conviction.
As Investopedia (2024) notes, “price increases on declining volume often signal trend exhaustion.” This concept applies directly to Bitcoin’s current setup: weak demand during a rebound suggests a high risk of reversal or sideways consolidation.
If the 107K–108K support range fails, traders anticipate an acceleration of sell pressure as stop-loss triggers cascade toward $100,000 and below.
CME Gaps and Weekend Trading Dynamics
To understand why these gaps occur, it’s important to remember that CME Bitcoin Futures operate on a limited trading schedule — from Sunday evening to Friday evening (Central Time) — with a brief daily maintenance break and complete weekend closure. During these closures, the spot Bitcoin market continues trading globally, often moving significantly while the CME market remains static.
When the futures market reopens, the resulting difference between Friday’s close and Sunday’s open becomes a “gap”, which traders watch closely as potential targets for future price movement.
Given the 24/7 nature of cryptocurrency trading, CME gaps frequently emerge, especially after volatile weekends — a pattern that continues to shape Bitcoin’s short-term price action.
Can Bitcoin Hold $100K?
The $100,000 level is viewed as a critical psychological and technical threshold. While many traders see it as a potential “floor,” others warn that a temporary breach is plausible, particularly if market liquidity remains thin.
Ted Pillows, an investor and entrepreneur, summarized the scenario clearly:
“BTC is now at a crucial support zone. If $107K–$108K holds, a rebound is possible. If not, we could revisit $100K in the coming days.”
— Ted Pillows (X)
In short, the battle between bulls and bears now centers around whether Bitcoin can maintain stability above $107,000. Failure to do so could open the door to a deeper correction before any meaningful recovery.
The Bigger Picture
While short-term volatility dominates headlines, many analysts emphasize that such CME gap retracements and corrections are normal parts of Bitcoin’s cyclical behavior. After strong rallies, markets often pause to “reset liquidity” — filling gaps and retesting supports before continuing upward.
However, the key takeaway from this week’s action is clear:
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Volume must return for any sustainable recovery.
-
The 107K–108K range remains the line in the sand for bulls.
-
A dip below $100K could trigger widespread panic selling — but also set up the next accumulation phase.
Until confirmed by stronger volume, traders are urged to stay cautious and watch the CME gap zone as the next decisive battleground in Bitcoin’s ongoing price story.
✅ Summary:
Bitcoin’s 2.5% decline brings it dangerously close to filling a CME futures gap around $107,390. Low volume suggests limited buyer confidence, increasing the risk of a retest of the $100,000 support level. Holding above $107K–$108K could enable a technical rebound — but losing that range might drag prices toward $98K–$95K before stabilization.
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