Bitcoin Eyes Fresh Records After Hitting $117K

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Bitcoin market forecasts see the chance for BTC price action to pass current all-time highs next thanks to a combination of demand and bull market patterns.

Bitcoin futures markets fill a CME gap from mid-August, the latest sign of market strength.

Bulls must avoid turning that level into resistance, or new local lows await, analysis says.

BTC price all-time highs could come in a matter of weeks.

Bitcoin hit a key price target on Saturday as analysis went on record to predict fresh all-time highs.

Bitcoin price outlook mixed with CME gap done

Bitcoin futures stole the spotlight, reaching $117,320 and closing a major “gap” left over from a prior weekend.

Appearing around Aug. 23, the gap resulted from weekend BTC price downside, with futures gradually “filling” it over a three-week period.

“If BTC fully reclaims this level, the doors towards the new ATH will open,” crypto investor and entrepreneur Ted Pillows argued in a post on X prior to the move.

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