Bitcoin enters the weekend in a quiet, range-bound mode, with support around $90,500–$88,200 holding firm. While price action remains subdued for now, key resistance levels near $94,100–$107,500 will likely dictate the market’s next major move. Whether BTC resumes its upward trajectory or tests deeper support, the coming week could provide the confirmation the market has been waiting for.
Expect Slower Bitcoin Market Moves
According to Kamile Uray, the market has entered the weekend, a period typically characterized by slow and subdued price action. The key support region between $90,588 and $88,280 has not yet formed a clear bottom, but it continues to prevent a sharper decline.
Related Reading
On the upside, a daily close above the $94,130 resistance would signal that bullish momentum is resuming. If this level is cleared, the next key resistance to watch is in the $98,200–$107,500 range. The $107,500 mark is particularly significant, as a daily close above it would represent the first higher high relative to the last downward wave on the daily chart, potentially opening the door for further upward continuation.
Should the market face deeper declines, there are multiple support zones to monitor: $86,398, $83,822, and $82,477. As long as BTC holds above $82,477, any pullbacks are likely to be considered retests of previous breakouts, keeping the broader bullish scenario intact.
If BTC closes below $82,477, it could trigger a continuation of the downtrend, possibly testing the $74,496–$71,237 zone, which represents a strong support area. Once a clear reversal is confirmed from this region, an upward move targeting the downtrend line could follow, offering a potential opportunity for traders to re-enter the market.
Weekend Choppiness Expected As Volume Remains Light
In a more recent update by Lennaert Snyder on X, Bitcoin has entered its weekend liquidity phase. As usual, trading activity is expected to be muted due to weak weekend volume. Looking ahead to next week, Snyder noted that the best-case scenario would be a break above the monthly open in the next weekly candle.
Related Reading
Snyder is monitoring key triggers for quality trades. Historically, Sunday “scam-pumps” have provided opportunities to execute short trades near liquidity zones. Currently, the $87,600 monthly open is viewed as the main target for potential downside.
A diagonal line drawn on the chart highlights buy-side liquidity from shorts, which could be swept before a market structure break (MSB) forms, allowing shorts to be executed. If Bitcoin climbs above the current weekly high near $94,700, Snyder notes that the setup would simply wait for the next MSB to enter shorts again.
Another key resistance to watch next week is around $96,500. A clean break above this level would invalidate the bearish thesis targeting the monthly open, signaling that upward momentum could dominate.
Featured image from Pixabay, chart from Tradingview.com
Credit: Source link
