Bitcoin Approaches $104K as CME Gap Fills to Dollar Level, Indicating Strong Bullish Momentum

I believe Bitcoin is currently filling the July CME gap precisely at the dollar level, which suggests a significant move might be underway. The presence of a $104,000 BTC price target indicates strong bullish sentiment and the possibility of a substantial rally. This pattern of filling CME gaps often acts as a precursor to further upward momentum, aligning with my own analysis of Bitcoin's technical indicators and market cycles. The CME gap, a well-known phenomenon among traders, often acts as a magnet for price action when filled. Its alignment with a $104,000 target reinforces the idea that Bitcoin could be heading toward new all-time highs, especially if momentum continues to build. Market participants should pay attention to whether Bitcoin sustains above current levels post-gap fill, as this would confirm a bullish trend. Furthermore, the broader crypto market sentiment and institutional adoption trends support a bullish outlook, making the $104K target plausible if the current earnest effort to fill the CME gap persists. However, traders must remain cautious of short-term volatility and potential pullbacks that could test support levels before advancing further.