As of the May 26 weekly close, BTC has remained around key BTC price levels, with weekend trading concentrated at $69,000.


Binance Exchange - the world's largest Bitcoin exchange, register to receive a 20% commission rebate.

Binance referral code XSGEK3VL

Binance registration: https://www.binance.com/zh-CN/join?ref=XSGEK3VL (20% commission rebate) or refer to the Binance registration tutorial. Spot contracts are automatically rebated 20% every hour.


Bitcoin price liquidity increases to weekly close

Data from Cointelegraph Markets Pro and TradingView show BTC/USD performing strongly, briefly breaking above $69,500 before consolidating.

Some market watchers are predicting a weekend rally, but it remains capped by familiar resistance areas.

“With the price around $69,000, some liquidity has accumulated on both sides,” prominent trader Daan Crypto Trades wrote in a recent analysis on X (formerly Twitter).

“Most notable: $68,300 and $69,800. Good levels to watch in the short term next week.”

The accompanying chart shows the liquidity concentration of the BTC/USDT perpetual swap pair on Binance, the world’s largest exchange.

However, in the Bitcoin order book, liquidity around the spot price is increasing, leading to lower volatility but increasing the likelihood of a subsequent liquidity raid.

Next, Keith Alan, co-founder of trading resource Material Indicators, highlighted the importance of the $69,000 support level.

“Bitcoin is once again hitting resistance at $69k. This is our strongest and most important resistance level on the chart,” read part of his latest X post.

“I’d like to see a weekly close above $69,000 to gain some confidence in a steady move to $73,000.”

Alan acknowledged that U.S. markets will be closed on May 27 for the Memorial Day holiday.

Bitcoin May Consolidate for “a Few Weeks”

Meanwhile, on the topic of resistance levels, prominent trader and analyst Rekt Capital has the focus on above $71,000.

He updated X subscribers on BTC price action following April’s block subsidy halving, confirming that the market has exited the “danger zone” that often accompanies such events.

Still, bulls are not out of the woods yet.

“Bitcoin has broken out to $71,500 since the end of the ‘danger zone’ following the Bitcoin halving. However, $71,500 was the upper resistance level of the macro reaccumulation range and something Bitcoin has not broken out of,” Rekt Capital explained.

“Consolidation continues, and history suggests it will last for several weeks between $60,000 and $70,000.”