Egrag Crypto highlights unfilled Bitcoin CME gap, with an 80% historical fill rate, suggesting it may close after Bitcoin’s peak.
Bitcoin’s price has experienced a noticeable uptrend over the past week, rising from around $100,900 to $110,000. As of June 11, 2025, the cryptocurrency’s price stands at $110,002.
Amid this positive price movement, crypto analyst Egrag Crypto has shared a detailed analysis, which focuses on Bitcoin futures, Fibonacci retracement, and CME gaps.
Unfilled CME Gap Might be Filled
One of the key points in Egrag Crypto’s analysis is the unfilled CME gap between $91,970 and $92,520. This gap has been the subject of interest since May 17, 2025, when Egrag Crypto first highlighted it.
#BTC — CME Gap Still Not Filled ($91,970 – $92,520) 🔴🧮 ( Updated Chart):
⚠️ Remember, I was the first to highlight that the CME gap in the range above remains unfilled (Post Dated on 17th of May 2025). 🏗️📉
This is a game of probabilities, not certainties. Always consider… https://t.co/d7E4ZLBChj pic.twitter.com/r1KCl3tWAU
— EGRAG CRYPTO (@egragcrypto) June 11, 2025
Based on historical trends, Bitcoin has shown a tendency to fill such gaps, with a filling rate of 80%, as 12 out of 15 gaps have been closed in the past. However, predicting the exact timing for this gap to close remains challenging.
Notably, Bitcoin would need to fall by approximately 16.2% to reach $91,970 and fill the CME gap from its current price of $109,727.
However, Egrag Crypto suggests Bitcoin could fill the gap after the current bull market reaches its peak or possibly during a bear market correction. The probability of the gap being filled remains high, but timing is uncertain.
Key Price Levels and Fibonacci Retracement
The analysis also looks at significant support and resistance zones for Bitcoin. For instance, the support level at $77,935, which coincides with a previously filled CME gap, is considered an important area.
Additionally, the Fibonacci retracement levels provide further insight into potential price targets. The 0.5 retracement level at $90,635 has already acted as support, while the 0.786 level at $101,285 has now become support after flipping from resistance.
Looking ahead, higher Fibonacci levels such as the 1.272 level at $122,330 and the 1.618 level at $139,930 could serve as resistance and target regions if Bitcoin continues its upward movement.
However, Egrag emphasized the importance of considering multiple signals and indicators when analyzing Bitcoin’s price movements. He noted that the confluence of various clues increases the likelihood of success in trading or investing.
Sentiment and Market Outlook
Meanwhile, the market sentiment is another factor influencing Bitcoin’s price trajectory. According to Darkfost, a crypto analyst, the Crypto Fear and Greed Index has recently entered the “greed” phase, which historically signals a local top for Bitcoin.
However, this index also reflects an optimistic outlook for Bitcoin’s performance, suggesting increased bullish sentiment in the market.
Meanwhile, Michael Saylor, Strategy’s Chairman, has dismissed concerns about a potential bear market. He argued that Bitcoin has likely moved beyond its adolescent market phase and predicted that the cryptocurrency could reach values of $500,000 or even $1 million before any significant correction.
