Bitcoin (BTC) remains relatively unchanged as the weekend kicks off, hovering around $103,546, according to CoinMarketCap. The broader crypto market shows bullish sentiment, with most major cryptocurrencies trading in the green.
On the hourly chart, BTC’s price action lacks significant movement. Trading volume is low, suggesting a reduced likelihood of sharp volatility in the immediate term. The asset is currently trading far from key support and resistance levels, which reinforces the sideways pattern in the short run.
However, the bigger picture offers mixed signals. Traders are closely watching whether the daily candle closes near or below the critical resistance zone at $104,159. A failure to sustain above this level could give bears the upper hand, potentially pushing the price down toward $102,000. Conversely, if the candle closes near its high and without a long upper wick, bullish momentum may strengthen.
From a midterm perspective, BTC shows potential for upward continuation. A strong daily close could open the path to the $106,000–$108,000 range, especially if buyers maintain control over the next few sessions.
Overall, Bitcoin's current stability amidst broader market optimism suggests a wait-and-see mode for traders, with price action around key resistance levels likely to determine the next move. Investors should monitor volume and candle formation for clearer directional signals in the days ahead.
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