Bitcoin Price Fills $7.5K Futures 'Gap' as Trader Weighs $8K Potential

Bitcoin fluctuated around $7,500 on Dec. 9 after a weekend of range-bound movement reduced volatility concerns for traders.

Bitcoin delivers classic futures "Bounce"Data from Coin360 and Cointelegraph Markets showed the largest cryptocurrency trading in a $250 corridor since Friday, marking local highs of $7,604 before briefly reversing to $7,395 on Sunday.

The $7,500 boundary has acted as a centerpiece for Bitcoin, which comfortably filled the latest "Gap" in futures markets once again as the week began.

An increasingly common feature, futures gap-filling refers to BTC/USD targeting a zone between when futures finished trading in one session and resumed during the next.

On Friday, CME futures closed at $7,460, opening again at $7,570.

For regular Cointelegraph contributor filbfilb, the predictable behavior was a source a positivity, despite Bitcoin overall remaining skittish within its current corridor.

In his weekly analysis for Cointelegraph, well-known pundit Keith Wareing warned that over the coming months, the potential for Bitcoin to drop as low as $2,500 remained.

Altcoins stay stable as volatility ebbsThe start of the week produced similar behavior to Bitcoin across altcoin markets.

The top twenty cryptocurrencies by market cap avoided significant gains or losses, moving mostly by less than 1%.Ether, the largest altcoin, traded down 0.7% at just above $150, that level having nonetheless failed to act as support in the past.

The overall cryptocurrency market cap was $203.4 billion, with Bitcoin's share at 66.8% of the total.