Bitcoin is trading quietly as the weekend begins, holding steady within a range. Support around $90,500–$88,200 is proving resilient for now. While the price action is calm, the market’s next significant move will likely be determined by how it handles key resistance levels between $94,100 and $107,500. Whether Bitcoin resumes its climb or tests lower support levels, the coming week may bring the clarity the market is looking for.
Analyst Kamile Uray notes that weekends typically see slower, more subdued trading. The support zone between $90,588 and $88,280 hasn’t established a definitive bottom yet but is successfully curbing steeper losses.
On the bullish side, a daily close above the $94,130 resistance would signal a return of upward momentum. Clearing that level would bring the $98,200–$107,500 range into focus. A close above $107,500 would be especially notable, as it would mark the first higher high compared to the last downward wave on the daily chart, potentially paving the way for further gains.
If the price declines further, several support levels to watch are $86,398, $83,822, and $82,477. As long as Bitcoin stays above $82,477, any pullbacks would likely be viewed as retests of prior breakouts, leaving the overall bullish outlook unchanged. However, a close below $82,477 could extend the downtrend, possibly testing the strong support area between $74,496 and $71,237. A confirmed reversal from that zone could then set up a move higher toward the downtrend line, offering a potential re-entry opportunity.
In a recent update, analyst Lennaert Snyder pointed out that Bitcoin is in its typical weekend liquidity phase, where trading activity is expected to be choppy and volume light.
Looking to next week, Snyder sees a break above the monthly open in the next weekly candle as the best-case scenario. He is watching for specific triggers for quality trades, noting that Sunday often sees “scam-pumps” that can create shorting opportunities near liquidity zones. Currently, the $87,600 monthly open is viewed as the primary target for any downside move.
A diagonal line on the chart indicates buy-side liquidity from short positions, which might be swept before a market structure break (MSB) forms, allowing for short entries. If Bitcoin instead rises above the current weekly high near $94,700, Snyder’s plan would be to wait for the next MSB to consider short positions again.
Another critical level to watch next week is resistance around $96,500. A decisive break above it would invalidate the bearish scenario targeting the monthly open, suggesting that bullish momentum could take over.
Frequently Asked Questions
FAQs Bitcoin Trading in a Narrow Range
BeginnerLevel Questions
Q1 What does it mean that Bitcoin is trading in a narrow range
A It means Bitcoins price isnt moving up or down very much Its staying within a relatively small predictable price band like bouncing between 60000 and 62000 for several days
Q2 Why is this happening heading into the weekend
A Trading activity and volume often drop on weekends as major traditional markets are closed With fewer big trades happening the price can get stuck and lack the momentum to break out of its current range
Q3 What is the real test expected next week
A The real test refers to whether Bitcoins price will finally break out of this narrow rangeeither shooting up or dropping down significantlyonce full market activity resumes with the new trading week
Q4 Is it good or bad that Bitcoins price is stuck like this
A Its neutral in the short term It indicates a period of consolidation and indecision Its neither inherently good nor bad but it often precedes a bigger price move once the indecision resolves
Q5 As a beginner what should I do when the price is in a narrow range
A Its often a good time to watch learn and avoid making impulsive trades Without a clear trend its riskier to enter new positions Focus on understanding support and resistance levels instead
Advanced Strategic Questions
Q6 What typically causes a narrow trading range to break
A A breakout is usually triggered by a catalyst major news a surge in highvolume buying or selling pressure or a shift in overall market sentiment
Q7 How do traders identify the key levels of a narrow range
A Traders plot support and resistance on a chart The narrow range is the channel between these two levels
Q8 What are common trading strategies during this kind of price action
A Two main approaches are
Range Trading Buying near support and selling near resistance