Crypto: Bitcoin Fills New Year Cme Gap With Sub-$88k BTC Price Dip 2026

Bitcoin hit a key BTC price target from the start of January, with other CME futures gaps now above price, but traders remained cautious.

Bitcoin (BTC) looked for cues near $90,000 on Wednesday as BTC price action hit a key target for a rebound.

Bitcoin price action drops to fill a CME futures gap created at the yearly open.

A modest bounce is not enough to convince traders that the worst is over.

Gold continues to hit record highs while Bitcoin gives up January gains.

Data from TradingView showed Bitcoin up 1.1% on the day after a trip to $87,800.

That move marked the lowest levels since the start of January, with BTC/USD erasing more than $10,000 of gains versus month-to-date highs.

It also meant that the pair filled an open “gap” in CME Group’s Bitcoin futures market from the yearly open.

As Cointelegraph reported, such gaps often act as short-term price targets, with the market returning to them within days or even hours.

$BTC #Bitcoin now closed CME gap at $88kWe now have 3 above. - $97.8k- $113.4k- $116.9kCan be spotted on different timeframes than displayed on the image attached. https://t.co/Mnm0PdC3OH pic.twitter.com/RjOpbKGJ2Y

Source: CoinTelegraph