Bitcoin remains anchored above key support as weekend trading unfolds, centering on the $98,200 and $107,500 levels. Market participants are closely watching whether the uptrend can continue into the weekend liquidity will run the lower level test. The next few sessions could determine BTC’s short-term trajectory.

Key Support Holds: $94,630 remains key

According to a recent one post by Kamile Uray, Bitcoin continues to hold well above the $89,326 support level and as long as it remains above this zone, the possibility of the uptrend continuing remains intact. This level continues to provide a key foundation for bulls, keeping the market structured in line with potential further gains.

If BTC manages to break the $98,200 barrier resistancethe next key target of $107,500 comes into focus. At this level, a decisive move will determine whether the current uptrend ends or pushes Bitcoin even higher. A close of the day above $107,500 would mark the first higher high on the daily chart from the recent decline, signaling a potential continuation bullish tendency.

However, if BTC is rejected at the resistance level and falls below $89,326, the downtrend could resume. If a reversal occurs at the $83,822-$82,477 support zone, Bitcoin could attempt another move higher, giving the bulls a chance to regain control.

If BTC closes below $82,477, further declines are expected, potentially testing the $74,496-$71,237 region. This zone has served as a forceful support area in the past, and each of these has been confirmed reversal hence it may set the stage for another bull leg.

Bitcoin Weekend Liquidity Is Coming: Expect Range-Constrained Action

Cryptocurrency expert Lennaert Snyder scratched that Bitcoin holds the key support level of $94,630, which also serves as the key H4 level to hold. On Friday, BTC pulled back and briefly touched this low before stabilizing, reinforcing the importance of this zone for the short-term market structure.

As we enter weekend liquidity, Bitcoin will likely trade in a range until Sunday evening or Monday. For bullish traders, the plan is to hold the low and watch for a break in the market structure above $95,820. When this occurs, long positions could reach a monthly high of $97,960.

While waiting for the rally to continue, only a fraction of positions may be closed at the monthly high, allowing 30%-40% to escape for further gains if momentum continues. However, if BTC loses $94,630 support at H4 and falls to the previous range, a continuation towards lower lows becomes more likely. In this scenario, tiny positions would be taken into account upon confirmation in the retest, giving investors a structured approach to managing risk and potential downsides.

Featured image from Pixabay, chart from Tradingview.com