Bitcoin Price Fills New Futures Gap as Bullish BTC Heads to $12K

Bitcoin Price Fills New Futures Gap as Bullish BTC Heads to $12K

Gate Trade News Tuesday, August 4, 2020 46 0

A retest of $11,500 gives the impression that the bulls are not done when it comes to Bitcoin, which convincingly bounced off $11,000.

 

Bitcoin (BTC) rose to fill a significant gap in its price history on Aug. 3 as bulls remained in control and took BTC/USD towards $12,000.

 

Data from price charts including Coin360 showed the largest cryptocurrency rising once more on Monday, after a correction to $11,000.

 

Earlier, Monday trading began with a $150 “gap” in Bitcoin futures markets on CME between $11,450 and $11,600.

 

As Cointelegraph reported, anticipation immediately built around Bitcoin rising to fill the void, in line with historical tendencies over the past year.