Trader and analyst, Willy Woo, has issued a warning on the price of bitcoin (BTC), suggesting the possibility of a significant correction to "fill a gap" in the Chicago Mercantile Exchange (CME).

"According to my calculations, 28 out of 30 gaps have been filled in the daily CME candlesticks (93%)," says the specialist.

To understand this, it's important to explain several things. The first thing is that the CME is a traditional exchange that allows the trading of bitcoin futures during trading hours and only from Monday to Friday. However, as we know, BTC has no hours to operate.

That is why there are some gaps or price gaps between the closing time and the time of the new opening. Trading theory says that the price of an asset, in this case bitcoin, tends to close those gaps.

In technical analysis, some traders pay special attention to gaps because this means that the price will eventually pull back to cover or fill the gap, as Woo explains. This would bring the asset's price back to the level it was at before the gap formed.