Bitcoin (BTC) – Weekend Market Outlook & Price Levels
Bitcoin rallied into a resistance zone earlier today and is currently facing initial rejection without breaking key overhead levels. Price action is still holding above support, suggesting that the wave count remains intact, and a final push upward may still be possible.
Key Technical Highlights:
Support Zone: $95,280 – $96,441
Immediate Resistance: $96,885
Micro Support: $96,086 – $96,323 (very short-term)
As long as BTC holds above $95,280, the move is viewed as a Wave 4 correction, with a final 5th wave to the upside still likely.
Trading Outlook:
Bullish Scenario: A breakout above $96,885 could signal that Wave 4 has completed and BTC is heading for one more high.
Bearish Risk: A breakdown below $95,280 would invalidate the current short-term wave structure and suggest deeper correction.
Strategy:
Wait for confirmation above $96,885 before considering new longs.
Traders already in may tighten stop-losses near $95,280.
Bitcoin remains range-bound, but technical structure supports another move higher—pending confirmation.