CME Bitcoin (BTC) Futures (BTC1): Critical Inflection Point

Looking at CME Bitcoin (BTC) futures, we see a crucial inflection point at 8250.

We noticed that Bitcoin (BTC) made major moves lower from this point in May and July of 2018. We also saw that 8250 is the location of a gap from back in June.

Bottom Line: Bitcoin futures are always an essential thing for crypto players to keep an eye on. Bitcoin (BTC) is at a critical point. What Bitcoin (BTC) does near 8250 may determine future direction.