Bitcoin (CRYPTO:BTC) pushed towards the $90,000 level as Wall Street opened for the first time in 2026, meeting familiar resistance while broader markets returned from the New Year break.
Data showed Bitcoin trading close to $89,600 during early sessions, continuing momentum built during Asian trading hours.
The move coincided with the formation of a fresh CME futures gap to the downside, a level many traders see as a near-term price magnet.
CME gaps often attract price action shortly after traditional markets reopen, sometimes within hours or days.
TradingView data indicated a breakout attempt gaining pace before US markets came back online.
As futures trading resumed on CME Group, a new downside gap emerged, adding caution to bullish sentiment.
Good one to keep an eye on in the week ahead.
Daan Crypto Trades said.
Obviously it's also almost weekend so we might be getting a few gaps and a bit of a messy chart to start the year off,” Daan Crypto Trades added.
Market observers noted that early January trading often brings choppy conditions due to thin liquidity.