Bitcoin Sees Quiet Weekend as Resistance Holds Firm
BTC remained stable this Saturday, at $89,412, showing almost no change from Friday. ETH also held steady at $2,951. The weekly loss remained at 6.4%. Traditional markets were closed, contributing to reduced trading volumes and amplifying the prevailing calm. Investors appear to be in a wait-and-see mode, unwilling to take significant risks. This uneventful weekend is typical of periods marked by uncertainty. BTC found support around $89,000, but the $90,000 resistance level remains an insurmountable barrier for now. ETH, meanwhile, continues to stagnate below $3,000, a crucial psychological threshold. The absence of macroeconomic news this weekend left the market without clear direction. Low volumes suggest institutional players are on the sidelines, leaving retail traders to dominate. For crypto holders, this weekend offers a welcome respite after Wednesday’s sharp decline. The 6.4% weekly loss has now been largely priced in, and the market appears to be seeking a new equilibrium. If BTC manages to hold above $89,000 until Monday, it could set the stage for a potential rebound. However, much will depend on the opening of traditional markets and next week’s economic news.
