3 Key BTC Levels Traders Are Watching: $107K, CME Gap, and $100K Danger Zone

Bitcoin (BTC)

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  • Bitcoin falls to $107K, down 2.5% on Tuesday.
  • CME futures gap may guide short-term BTC price movements.
  • Key support at $107K–$108K could determine if BTC dips to $100K.

Bitcoin (BTC) fell back to weekly lows on Tuesday, slipping to $107,460 on Bitstamp, down roughly 2.5% on the day. The decline comes as traders closely monitor an open gap in CME Group’s Bitcoin futures, a phenomenon that often signals short-term price adjustments. Despite early-week gains, BTC failed to sustain momentum, leaving investors cautious about the next move.

CME Group Bitcoin futures one-hour chart. Source: Cointelegraph/TradingView

Understanding the CME Futures Gap

CME futures gaps occur when the market closes at one price point and reopens at another, often after weekend trading. These gaps frequently “fill” as Bitcoin returns to the price range left open, sometimes within hours or days. Analyst Daan Crypto Trades noted that while Bitcoin has closed the larger $110K gap from last week, a smaller gap remains this week, potentially guiding near-term price action toward $107,390.

Key Support Levels Under Pressure

Bitcoin’s current $107,000–$108,000 range is now critical. If this support holds, a bounceback may be possible. However, traders warn that failure to maintain this level could trigger a decline toward $100,000, with some even predicting a drop to $95,000. Low-volume rebounds earlier in the week have heightened concerns about BTC’s ability to reclaim stability above $108K.

Also Read: Bitcoin Faces $108K Test After $200M Liquidations: Can Bulls Regain Control?

Traders Prepare for Potential Drops

Market participants are closely watching Bitcoin’s technical signals. Trader Roman highlighted that Monday’s rebound lacked sufficient volume to confirm strong support, suggesting the next stop could be in the $100K–$98K range. Similarly, crypto strategist Crypto Tony anticipates further downside if BTC fails to hold the $107K level, pointing to potential volatility in the coming days.

As Bitcoin navigates the CME futures gap and key support zones, traders and investors should brace for continued volatility. The next few days will likely determine whether BTC can stabilize above $108K or slide toward the $100K psychological threshold. For now, cautious monitoring remains the best approach for market participants.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.