Bitcoin Holds Key Support As Weekend Liquidity Sets In — $98,200 And $107,500 In Focus
Alex Smith
2 months ago
Bitcoin remains anchored above key support as weekend trading unfolds, keeping $98,200 and $107,500 in focus. Market participants are watching closely to see if the uptrend can continue or if the weekend liquidity will trigger a test of lower levels. The next few sessions could define BTC’s short-term trajectory.
Key Support Holds: $94,630 Remains Crucial
According to a recent post by Kamile Uray, Bitcoin is still holding strong above the $89,326 support level, and as long as it remains above this zone, the possibility for the uptrend to continue remains intact. This level continues to act as a critical foundation for bulls, keeping the market structure aligned with potential further gains.
If BTC manages to break through the $98,200 resistance, the next key target at $107,500 comes into focus. At this level, a decisive move will determine whether the current uptrend is complete or push Bitcoin even higher. A daily close above $107,500 would mark the first higher high on the daily chart relative to the last downward wave, signaling a potential continuation of the bullish trend.
However, if BTC is rejected at resistance and falls back below $89,326, the downtrend could resume. Should a reversal form within the $83,822–$82,477 support zone, Bitcoin may attempt another upward push, giving bulls a chance to regain control.
If BTC closes below $82,477, further downside is expected, potentially testing the $74,496–$71,237 region. This zone has historically served as a strong support area, and any confirmed reversal from here could set the stage for another bullish leg.
Bitcoin Weekend Liquidity Ahead: Expect Range-Bound Action
Crypto expert Lennaert Snyder outlined that Bitcoin is holding the key $94,630 support level, which also serves as the crucial H4 level to hold. On Friday, BTC retraced and briefly swept this low before stabilizing, reinforcing the importance of this zone for short-term market structure.
As we enter the weekend liquidity, Bitcoin is likely to trade within a defined range until Sunday evening or Monday. For bullish traders, the plan is to hold the low and watch for a market structure break above $95,820. Once this occurs, long positions could target the $97,960 monthly high.
In anticipation of continued upside, only part of the position may be closed at the monthly high, letting 30%-40% run to capture further gains if momentum persists. However, if BTC loses the $94,630 support on the H4 and falls back into the previous range, a continuation toward lower lows becomes more likely. In that scenario, short positions would be considered after confirmation on a retest, giving traders a structured approach to managing risk and potential downside.
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