Bitcoin Hits New Record High Near $85K, CME Gap Leaves Traders Cautious

Bitcoin has breached the $85,000 mark on Friday, April 19th, fueled by bullish momentum, but traders are watching a significant gap in CME pricing. The price fluctuated between $84,377 and $85,470, with analysts highlighting the impact of DeFi growth and institutional investment as key drivers for this surge. Traders remain cautious due to the unfilled $84,465 CME gap, which has triggered speculation about a short-term correction. The market’s response to this gap will be crucial in determining whether this price rise is sustainable.