Bitcoin ‘double Bottom’ Eyes $110k, But Cme Gap May Postpone Rally

A bullish breakout lifts Bitcoin toward $110,000, but a stablecoin build-up and looming CME gaps signal caution.

The Bitcoin double bottom pattern may boost bullish momentum toward $110,000.

The CME gap near $104,000 could trigger a short-term retracement.

Stablecoin buildup and short-term holders’ stress hint at near-term volatility.

Bitcoin (BTC) staged a textbook double bottom pattern over the weekend, leading BTC to secure a bullish weekly close above its 50-week moving average. The formation coincided with the daily order block between $98,100 and $102,000, where BTC repeatedly tested the $100,000 zone before rebounding.

Following a bullish break of structure on the four-hour chart, Bitcoin now faces resistance near $111,300, a level that could be tested if short-term momentum holds. However, onchain data suggested this advance may not come as easily.

Glassnode explained that Bitcoin rebounded from the 75th percentile cost basis near $100,000. The next significant hurdle lies near the 85th percentile cost basis, roughly $108,500, a level that has historically acted as resistance during recovery moves. The percentile cost basis metric measures where the majority of investors acquired their BTC, effectively mapping the cost distribution across the market.

However, Cointelegraph noted a potential liquidity grab above $115,000, which aligns with a daily resistance level, with long-side liquidity near $100,000 exhausted.

Additionally, a CME gap between $103,100 and $104,000 remains a key short-term risk. CME gaps occur when Bitcoin’s weekend price movement creates a difference between Friday’s closing and Monday’s opening price on the Chicago Mercantile Exchange, and these gaps often get “filled” as traders revisit these levels, suggesting BTC may briefly retrace before resuming its uptrend.

With liquidity and participation thinning out, BTC could revisit $101,000–$102,500, retesting the weekend’s one-hour and four-hour order blocks before making a decisive move higher.

Source: CoinTelegraph