Bitcoin Approaches $104K After Filling CME July Gap Indicating Bullish Momentum

Bitcoin fills the July CME gap at a price target of $104,000, which indicates a strong upward movement towards this significant resistance level. This gap closure in CME futures often signals a potential trend continuation in the bullish scenario, especially when accompanied by a clear price target of $104,000 for BTC.

Given this context, the filling of the CME gap suggests that Bitcoin is recovering previous short-term bearish biases and gaining momentum for a rally. The target of $104,000 also highlights the optimism among traders and investors, pointing to a possible bullish run in the near future.

From a technical and market psychology perspective, filling CME gaps is often seen as a bullish sign, as it tends to confirm the shift in market sentiment. The proximity to a $104,000 target indicates that Bitcoin could encounter significant resistance, yet the gap fill reinforces the idea that upward momentum might persist if key levels are broken.