CME Bitcoin futures opened with a $1,440 jump, extending above $113,000 before consolidation.
A full futures gap fill would require a retracement to $109,900, which remains untested.
Bitcoin exchange price reached $112,211, gaining 2.4% in 24 hours with strong intraday momentum.
Bitcoin futures on the CME started the week with a sharp price gap higher. The move came after a long period of sideways trading, during which alternating red and green candles showed limited momentum. At the open, prices jumped from nearly $110,100 to about $111,600. This increase measured approximately $1,440, representing a 1.31% gain.
The strong upward candle sequence pushed contracts quickly toward higher ground, extending beyond $113,000 before settling into consolidation. Trading volume during the spike supported the move, showing strong participation from buyers.
Gap Level and Retracement Target
According to a post on X by Satoshi Stacker, the upward gap remains a defining feature of the week’s opening action. Market data indicates that a full gap fill would require a retracement to $109,900. That level reflects the distance between the last closing price before the weekend and the opening value after the gap.
Source: X
Price action after the initial jump included sustained green candles, reflecting strong demand through the rally. However, a minor pullback followed after reaching highs near $113,000, leaving the gap only partially filled. Current trading still holds well above the gap entry point, keeping $109,900 as the untested retracement target.
What is the Current Bitcoin Market Price?
Tracking the exchange price of BTC at the time of press, CoinMarketCap data reveals that Bitcoin recorded a strong upward movement over the last trading session, climbing to $112,211 by press time. The chart shows the price opening near $109,570 before entering a period of downward action in early trading hours. That decline was followed by a steady recovery, with gradual gains pushing the asset back above the $110,000 level.
Source: CoinMarketCap
Momentum accelerated significantly during the evening session when a breakout carried the price swiftly over $111,500. After the surge, Bitcoin touched intraday highs near $112,500 before consolidating within a narrower range. Although some retracement occurred after the spike, the asset maintained higher support levels and sustained momentum into the following morning.
By midday, the price stabilized above $111,800 and continued holding strength into later hours. The consistent upward slope through the session confirmed strong market participation, with Bitcoin closing near its highs. At the final update, the cryptocurrency traded at $112,211, showing a 2.4 percent increase within 24 hours. The session’s upward trajectory marked a shift from earlier weakness, positioning the asset near fresh resistance levels.
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