⬤ Bitcoin’s been trading sideways lately, stuck in a pretty tight range. As we head into the weekend, traders are watching closely for a possible Sunday price jump. The big number everyone’s focusing on is $89,026 – if BTC pushes above that level, we could see a quick liquidity grab. But here’s the thing: if it can’t hold above that price, shorts might start piling in.
⬤ Right now, $89,026 is the resistance level that matters most. If Bitcoin breaks through and then loses it, that could signal a market structure breakdown and open the door for short positions. There’s another resistance at $89,532, but many traders are also eyeing the $85,050 zone as a potential long entry if we get a reversal. On the flip side, dropping below $84,430 would likely trigger more selling pressure and confirm the bearish case.
⬤ Bitcoin’s consolidation phase has traders on edge, waiting for the next big move. We’re looking at a classic setup where the price could go either way – break out higher or drop lower. Once we get confirmation in either direction, expect some real volatility, especially as the weekend wraps up.
⬤ Sunday’s price action could give us major clues about where Bitcoin’s heading next. Traders are prepped for a shift, watching those key levels like hawks. Whether BTC breaks resistance or support will pretty much decide the short-term trend and shape how people position themselves in the market.
Bitcoin Price Stuck in Range, Eyes on $89,026 Breakout Level
⬤ Bitcoin’s been trading sideways lately, stuck in a pretty tight range. As we head into the weekend, traders are watching closely for a possible Sunday price jump. The big number everyone’s focusing on is $89,026 – if BTC pushes above that level, we could see a quick liquidity grab. But here’s the thing: if it can’t hold above that price, shorts might start piling in.
⬤ Right now, $89,026 is the resistance level that matters most. If Bitcoin breaks through and then loses it, that could signal a market structure breakdown and open the door for short positions. There’s another resistance at $89,532, but many traders are also eyeing the $85,050 zone as a potential long entry if we get a reversal. On the flip side, dropping below $84,430 would likely trigger more selling pressure and confirm the bearish case.
⬤ Bitcoin’s consolidation phase has traders on edge, waiting for the next big move. We’re looking at a classic setup where the price could go either way – break out higher or drop lower. Once we get confirmation in either direction, expect some real volatility, especially as the weekend wraps up.
⬤ Sunday’s price action could give us major clues about where Bitcoin’s heading next. Traders are prepped for a shift, watching those key levels like hawks. Whether BTC breaks resistance or support will pretty much decide the short-term trend and shape how people position themselves in the market.