Bitcoin suddenly dives to $46K as attention focuses on large CME futures gaps

Bitcoin (BTC) began to show fresh signs of an impending correction on March 31 as BTC price action began to eat into last weekend’s CME futures gap.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Up or down, CME futures gaps provide targets

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly spiking down by $1,000 in minutes on Bitstamp after March 31’s Wall Street open. 

The pair had ranged after failing to cement $48,000 as support earlier in the week,…


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