Bitcoin's price surged to $87,800 on Monday, creating a gap with the previous CME futures price. This price gap often leads to a price correction in Bitcoin's history. Traders are watching closely to see how this situation unfolds. The difference between spot and futures prices is due to the different trading hours.
- Bitcoin hit a high of $87,800.
- A price gap opened between spot and futures prices.
- Historical patterns suggest a possible price retracement.
| Item | Value |
|---|---|
| Highest Bitcoin Price (Monday) | $87,800 |
| CME Futures Closing Price (Friday) | $84,190 |
| CME Futures Opening Price (Monday) | $85,160 |
| Possible Retracement Range | $84,000 - $85,000 |
