Pie 🦄✨💨

$BTC Is closing in on the $92K gap which has been sitting there since April. It has been quite a while since Bitcoin gapped higher with a considerably amount during the weekend, which was not closed straight away. I marked the last two times this happened on the chart. The gap in July was rather small and took about 3 weeks to close. The gap in November 2024 was a large one. Price went into the weekend with $77K, opened on Monday at $81K, and proceeded to rally onwards to a new high of $110K in the weeks after. It took over 4 months to fully close the gap that was left behind. As you can see, these larger gaps do generally tend to get filled at some point in time. But you don't want to be waiting for for them. On the way up, they can easily be left behind for months (some are still not closed to this day). The same when the market is trending down. These gap fills do tend to make for decent local reversal area's. Whether we fill the $92K gap anytime soon we'll see in due time. Just wanted to highlight how few large gaps have been created in recent times. Showing how little impact weekend price action really has on the market. If there's a gap these days, it usually closes within 1-3 days at most. Having said all that, with the recent spike in volatility, I think there's a good chance we start creating more and larger gaps in the weeks ahead. So keep that in mind. Weekends might not actually be as boring and slow as we're used to the past few months.

NFA but just gonna say this to the $UFD duster nation. Now is not the time to sell for a small profit. How bad do you want a 30-100x? Get ready for a fun ride up....