Bitcoin is stuck around $94,562, leaving traders pondering: will we break upwards or pull back to new lows? It's like the calm before the storm, where the market is waiting for a decisive moment.
• 🟢 $95,000 — a key level, closing above which may trigger an impulsive rise.
• 🔴 $93,000 — the lower boundary that may be breached under bearish pressure.
• The 0.618 level ($95,500) acts as the main resistance. Overcoming it may kickstart a move to $97,000.
• The 0.786 level ($93,500) — strong support that bears will try to break.
Priority scenario:
📉 Given the low trading volumes and cautious behavior of market participants, it is likely that Bitcoin will remain in the range of $93,000–$95,500 in the coming days. A downward breakout ($93,000) on the weekend is possible, as low activity is often observed during this time. However, if volumes increase, one can expect movement towards $97,000.
Why are weekends important?
📅 According to statistics, the market often remains range-bound on weekends due to decreased activity from institutional players. Retail traders during this period try to take positions in anticipation of movement, often relying on the “noise” in social media and chats. This leads to local spikes and pullbacks, but without serious influence on the overall trend.
🔍 For example, weekends are often accompanied by the rise of memecoins or speculative tokens, which distracts attention from Bitcoin. On Monday, the market returns to a more predictable movement.
What do the numbers say?
📉 Volumes remain low, creating tension in the market. It's like the calm before the storm — when a single large order can trigger a wave.
📈 The range of $93,000–$95,500 has turned into an accumulation zone. Traders are preparing to exit this “trap.”
• 🎯 Set clear levels for entry and exit.
• 🧘♂️ Stay calm. Emotions are the main enemy in such moments.
• 📢 Keep an eye on the news. Any significant information can change the situation within minutes.
Bitcoin is on standby. The market could explode at any moment. Caution and planning are your main allies! 🚀