Bitcoin’s Weekend Woes: Will It Break Free or Stay Stuck? 🤔💸

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As the weekend dawns, Bitcoin finds itself in a peculiar state, much like a sleepy farmer waiting for the sun to rise. The price hovers quietly, caught between the sturdy embrace of $90,500 and the slightly less sturdy $88,200. This range is as firm as an old barn door, holding back any wild notions of a dramatic plunge. The air is thick with anticipation, yet the market is as calm as a still pond on a hot day.

Brace Yourself for a Lazy Bitcoin Weekend

Now, as Kamile Uray would tell you, weekends are usually about as exciting as watching paint dry. With the support zone stubbornly refusing to show signs of a bottom, it keeps the dreaded plummet at bay for now. It’s like trying to keep a herd of cats in one place-challenging, but somehow, it works.

On the brighter side, if Bitcoin manages to close above $94,130, that could signal a return of the bullish spirit. Think of it as the town cheering for the local football team. If it breaks free from this level, eyes will turn towards the $98,200 to $107,500 range. That $107,500 mark is particularly juicy; crossing it would be like finding a winning lottery ticket under the couch cushions-unexpected but delightful!

But beware, should Bitcoin decide to take a nosedive, there are more support zones than a well-stocked toolbox-$86,398, $83,822, and $82,477. As long as our beloved BTC clings to the $82,477 level, we can chalk up any retreats as mere retests-a bit like returning to the place where you once dropped your sandwich.

If it dares to fall below $82,477, however, we might see more than just a bump in the road; it could spiral down towards $74,496 to $71,237. This area is like a trusty lifeboat, and once it stabilizes, we might just see the boat set sail upwards again, giving traders a chance to hop back on board.

Expect the Usual Weekend Wobble

Lennaert Snyder has chimed in, painting a picture of a weekend filled with low-volume trading, akin to a ghost town on a Sunday afternoon. As we look ahead to next week, the dream is a breakout above the monthly open, possibly lighting a fire under the market’s behind.

Snyder’s keeping a keen eye on those historical “scam-pumps” on Sundays, which often offer savvy traders a chance to snag short trades near liquidity zones. The $87,600 monthly open is looming, ready to lure traders like a shiny object in a dark alley.

A diagonal line on the chart reveals the lurking buy-side liquidity waiting to be swept up before the market structure breaks. If Bitcoin climbs above the current weekly high of $94,700, it’ll be a waiting game for the next MSB to kick off another round of shorts-think of it as waiting for the next train to the city.

Keep an eye on the $96,500 resistance next week. If Bitcoin breaks through this level, it’ll be like the dam bursting, washing away bearish sentiment and ushering in a wave of upward momentum. And who doesn’t love a good wave?

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2026-01-11 00:42