It may just be a Gap Fill

For those of you wondering why the strength in bitcoin seemingly out of nowhere the past day and a half.

Well it could very well be due to the CME gap.

And we just now filled it.

Sees:

(Source:

1230188510755401728) twitter metadata:Q2hhcnRDaGFtcGlvbnN8fGh0dHBzOi8vdHdpdHRlci5jb20vQ2hhcnRDaGFtcGlvbnMvc3RhdHVzLzEyMzAxODg1MTA3NTU0MDE3MjgpfA== ~~~

There has been a very strong tendency for the CME futures gaps to be filled in the spot markets.

There is a ton of money participating in there these days and it seems to be dictating the spot prices.

My hope is that this recent bounce is more than just a gap fill but unless we close above $10,400 and hold, I will have my doubts.