Bitcoin Analyst Highlights CME Gaps, 200 SMA Retest, and Bullish Targets

Crypto analyst EGRAG CRYPTO has drawn attention to key technical factors that could shape Bitcoin’s next major move.  According to his analysis, 17 out of 20 CME gaps since 2017 have already been filled, including the major ones at $77K and $114K.

However, one unfilled gap remains in the $91K–$92K range, which he believes could play a decisive role in Bitcoin’s short-term trajectory.

Whether this gap fills before a final surge, or after a retracement from higher levels, remains to be seen. Another factor EGRAG is watching closely is Bitcoin’s interaction with the 200-day Simple Moving Average (SMA).

Historically, Bitcoin often retests this level, which currently sits near $101K. While some market participants may doubt its significance, he argues that reclaiming the 200 SMA could mark the start of a highly bullish setup, potentially opening the path to new all-time highs between $140K and $175K.

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Finally, EGRAG notes that a sustained close above $115K would serve as the most bullish confirmation for continued upward momentum. For now, traders are watching whether Bitcoin can align with these signals to confirm the next leg of the cycle.