Bitcoin’s price surged toward the $90,000 mark as trading opened on Wall Street for the first session of 2026. This price action coincided with the formation of a new futures gap on the CME Group’s market, prompting analysts to closely watch potential implications for the cryptocurrency’s trajectory.
Data from TradingView highlighted that Bitcoin’s breakout attempt gained momentum during the Asian trading hours, stirring anticipation as traditional financial markets reopened. However, the emergence of a downward gap in CME futures has raised eyebrows among traders, providing a potential short-term focal point. Observers noted that such gaps often prompt market movements to “fill” them within days or even hours following the reopening of futures markets.
Daan Crypto Trades, a prominent trading account, emphasized the significance of this development on social media, cautioning traders to expect volatility. The account pointed out that as the weekend approaches, the market could experience further gaps, leading to a somewhat chaotic chart landscape to start the year.
Trading data suggested that Bitcoin might face downward pressure as it approaches the $90,000 threshold, with trading platform TheKingfisher indicating that the price could dip to around $88,000 to shake out long positions that had accumulated. As the Wall Street trading session approached, liquidity appeared to be building on both sides of the Bitcoin price spectrum, with over $200 million in liquidations happening within the crypto market in just 24 hours.
In other market news, gold showed signs of recovery after undergoing a correction at the close of 2025. It was pushing toward a rematch with its all-time highs and was being held just under the $4,400 level. Gold emerged as the top-performing major asset in 2025, with a remarkable 64% increase, contrasting sharply with Bitcoin’s 6% decline, marking a rare occurrence in market trends. Wealth manager Creative Planning’s chief market strategist, Charlie Bilello, noted this inversion as something not previously seen in any annual cycle.
Market analysts, including figures from Cointelegraph, underscored Bitcoin’s historical performance in relation to gold and silver, suggesting that the recent underperformance might not indicate a new bear market. Instead, they posited that it could be a period of consolidation, often termed the “calm before the storm.”
As traders navigate these developments, it’s crucial to remember that every investment comes with risks, and conducting thorough research is essential before making any trading decisions. While the information provided is aimed at keeping audiences informed, there are no guarantees regarding its accuracy or reliability.
