Bitcoin Price Prediction: Eyes Gap Fill as Bullish Monthly Signal Builds

Bitcoin traders are watching two chart setups that point to different parts of the market structure but lean in the same direction. One highlights a near term CME gap fill, while the other points to growing strength on the monthly chart.

Bitcoin Opens CME Session With Gap Down as Trader Watches $69.5K Fill

Bitcoin opened the CME futures session with a gap down into the middle of a rising channel, according to chart analysis shared by Super฿ro on X. The setup places short term focus on the $69,500 area, where the trader said a gap fill and a retest of the 50 day simple moving average could shape the next move.

BTC CME Futures Daily Chart. Source: Super฿ro on X

The daily chart shows Bitcoin trading near $71,030 while moving inside an upward sloping channel. At the same time, the 50 day simple moving average sits just below recent price action, while the 200 day simple moving average remains far higher and continues to slope downward. That leaves Bitcoin between near term support and overhead resistance.

Super฿ro said the preferred move would be a fill of the $69,500 gap, followed by a retest of the 50 SMA. After that, the analyst pointed to higher unfilled gaps above as the next possible target. However, the post added that the lower $67,000 gap may not be filled soon.

The chart also marks nearby support around the lower end of the channel and resistance near the recent local high around $73,600. As a result, traders are watching whether Bitcoin can hold the middle of the structure or slip lower before attempting another push upward.

Bitcoin Monthly Chart Signals Further Strength After Inverted Hammer, Analyst Says

Bitcoin may be setting up for another strong monthly move after printing an inverted hammer candlestick last month, according to chart analysis shared by CW on X. The analyst said the broader structure still points higher and argued that momentum could build further in the next month.

Bitcoin Monthly Chart with Inverted Hammer and Sub Indicator Golden Cross. Source: CW on X

The chart takes a wider view of Bitcoin’s cycle and focuses on monthly candles rather than short term swings. In that setup, the inverted hammer appears after a pullback, which traders often watch as a possible sign that selling pressure is fading and buyers are starting to regain control.

CW also pointed to sub indicators that are moving closer to a golden cross. That signal happens when a shorter term momentum line crosses above a longer term one and is often read as a sign of strengthening trend conditions. In this case, the analyst said that crossover has not fully happened yet, but it is getting closer.

At the same time, the chart suggests the latest monthly recovery is part of a broader bullish structure rather than a brief rebound. If that pattern holds, traders may look for confirmation in the next monthly candle and in the behavior of momentum indicators.