Bitcoin it enters the weekend in a quiet, range-aligned fashion, supported around $90,500–$88,200 which is holding firm. While price action is still bearish for now, key resistance levels near $94,100–$107,500 will likely signal the next big move for the market. Whether BTC resumes its upward trajectory or tests deep support, next week could provide the confirmation the market has been waiting for.
Expect Slow Bitcoin Market Movement
According to for Kamile Uray, the market entered the weekend, a period characterized by slowness and low price action. The main support region between $ 90,588 and $ 88,280 has not yet left a clear bottom, but continues to prevent a sharp decline.
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On the other hand, a daily close above the $94,130 resistance will show that bullish the momentum starts again. If this level is cleared, the next key resistance on view is in the $98,200–$107,500 range. The $107,500 mark is very important, as the daily close above will represent the first high relative to the last wave down on the daily chart, which could open the door for a continuation higher.
If the market experiences a deep decline, there is more support areas monitoring: $86,398, $83,822, and $82,477. As long as BTC remains above $82,477, any pullback could be seen as a retest of the previous rally, which keeps the broader bullish trend intact.
If BTC closes below $82,477, it can cause a continuation of the downtrend, which may test the area of $74,496-$71,237, which represents a strong support area. If a clear reversal is confirmed from this region, an upward direction of the downtrend line can follow, given possible opportunity for traders to re-enter the market.
Weekend Choppiness Expected As Volume Remains Light
The latest review by Lennaert Snyder on X, Bitcoin entered its payoff phase over the weekend. 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 opening on the next weekly candle.
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Snyder monitors key triggers for quality trades. Historically, “scam pumps” on Sundays have provided opportunities to make short trades nearby the economy locations. Currently, the $87,600 monthly opening is considered a prime target for potential downside.
The diagonal line drawn on the chart highlights the buying of funds from shorts, which can be swept before a market structure break (MSB) forms, allowing shorts to be used. If Bitcoin rises above the current weekly high near $94,700, Snyder notes that the setup will simply wait for the next MSB to re-enter the shorts.
Another key resistance you can watch next week at around $96,500. A clean break above this level would invalidate the bearish thesis aimed at the monthly opening, indicating that higher pressure may dominate.
Featured image from Pixabay, chart from Tradingview.com
