Bitcoin Fills Weekly CME Gap To Mirror 2024 Reversal Pattern – $130K Next?

Bitcoin has mirrored a familiar bullish setup, completing its weekly CME gap fill between $109,680 and $111,310 , a technical milestone that last preceded a major rally in late ￰0￱ leading cryptocurrency is holding the same higher low structure from which the October 2024 reversal emerged, sparking renewed optimism among ￰1￱ then, Bitcoin filled its CME gap at $68,785 before launching a two-month run to $108,000. Now, analysts at RektCapital note that a bullish divergence is forming on the daily timeframe, hinting that a similar breakout could propel Bitcoin toward $130,000 before Q4 ends. #BTC Bitcoin continues to hold the very same Higher Low (purple) from which the previous reversal originated from $BTC #Crypto #Bitcoin ￰2￱ — Rekt Capital (@rektcapital) October 16, 2025 Bitcoin Market Sentiment Hits 2017 Lows Crypto traders who have been around since late 2017 say morale is at one of its lowest points in ￰3￱ in major chat rooms is showing exhaustion and doubt, with many convinced the cycle has ￰4￱ seasoned traders admit to underperforming this year compared to 2020–2021.

Coupled with last Friday’s brutal wipeout, the market feels like a ghost ￰5￱ factors have fueled speculation that Bitcoin topped out after hitting $126,000 ten days ago. However, both technical patterns and macroeconomic indicators suggest otherwise. Bitcoin’s funding rate on Binance flipped negative this week, a rare occurrence that has historically marked local bottoms and preceded major rallies.) October 16, 2025 He pointed to the growing alignment between gold and Bitcoin, noting that “investors increasingly view both Bitcoin and Gold as hard assets hedging against fiscal risks, sovereign debt concerns, and policy uncertainty.” Ehsani concludes that Bitcoin stands at a key crossroads.

“If liquidity tailwinds materialize and institutional accumulation continues, BTC could strengthen toward $132,000 by year-end.” However, should macro risks resurface or trade tensions escalate, a move below $110,000 remains possible as markets recalibrate.