Bitcoin’s Momentum is Igniting – But Here Are The BTC Price Levels That’ll Make or Break It

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Ah, Bitcoin. The cryptocurrency that never sleeps, much like your neighbor’s dog who insists on barking at the moon. But this time, the hype is real, folks. Bitcoin (BTC) is so close to finally reclaiming some lost glory, and here’s where things are looking interesting – or, if you prefer, dangerously unpredictable. The yearly open sits just above $93,000, and that’s the magic number everyone’s watching as we slide into the weekend.

Key Takeaways:

  • Bitcoin’s price is doing the cha-cha just above and below some key levels, and it’s almost the weekend (sigh of relief for some). Will it make a big move?

  • Closing the week above $93,000 is the new holy grail. Not achieving that might send the bulls packing and the bears high-fiving.

Onchain Data: Where to Watch for the Next Bitcoin Drama

Bitcoin may have pulled off a rather impressive bounce from $84,000 at the start of the week (cue the confetti), but things started to feel a bit “meh” once it reached the yearly open at $93,000. It’s like buying a brand new car only to find out that the air conditioning doesn’t work. Exciting, but not enough to make us feel comfortable yet.

According to CryptoQuant, the BTC/USD pair is hanging out below the average realized price (cost basis) for most age groups, which is like sitting below the poverty line in the Bitcoin world – not ideal. The analyst, Darkfost, decided to sprinkle some wisdom by pointing out that we really want Bitcoin to reclaim the realized price of the youngest long-term holders (LTH), around $97,000. If that happens, expect these Bitcoin holders to regain their “I am rich” fantasies, which could stabilize the market. Or at least make it slightly less dramatic.

“Breaking above it would put those investors back into a comfortable position, restoring their expectations of potential gains and encouraging them to keep holding rather than selling, which will bring some stability.”

If Bitcoin fails to close above $97,000, well, let’s just say “caution remains necessary,” which is analyst-speak for “grab some popcorn, it’s about to get ugly.”

On the flip side, if the price falls to $88,000, we’ve hit the first major support, which is like the floor of a trampoline. It could bounce, but if it doesn’t, we might all be stuck watching the price slowly sink into oblivion. No biggie. As Daan Crypto Trades put it, “A lot of work to do, but at least the insane selling has paused for now.” Phew!

“Ideally, this doesn’t lose that ~$88K region again on the higher timeframes.”

And if Bitcoin decides to dip below $91,000? Well, say hello to the continuation of the downtrend, and goodbye to dreams of hitting $100K anytime soon. We might be heading to $68,000 before we can all go to sleep without worrying about our wallets.

Bitcoin Bulls: Close the Week Strong (Or Else…)

According to CryptoMoon Markets Pro and TradingView, Bitcoin is hovering around $92,000. It’s fighting to hold its ground below that key $93,000 mark, which is really the line in the sand. Cross it, and we might be looking at a serious Bitcoin party.

Analyst Rekt Capital summed it up beautifully when he said the $93,500 range is the real resistance. If Bitcoin can break above that and hold it as support, expect some happy bulls to charge forward into greener pastures.

“A weekly close above $93,500 and post-breakout retest of this level into new support (just like in previous green circles) would confirm the range breakout.”

Swissblock, the private wealth manager who apparently always has something to say, thinks Bitcoin’s momentum is finally igniting. It’s like the engine’s been sputtering for weeks, and now it’s finally ready to go. If Bitcoin holds above $93,000, the next stop could be $95,000, assuming it doesn’t lose its nerve and retreat into oblivion.

But AlphaBTC, ever the optimist, expects Bitcoin to rebound from its current position, wrapping up the week above the yearly open, which is now acting as its pesky little resistance. It’s like that one friend who insists on showing up at the party uninvited. But hey, maybe we’ll get a happy ending after all. We’ll just have to wait and see if Bitcoin can reclaim those lost glory days or continue to roll around in the mud of uncertainty. Either way, buckle up, it’s going to be a bumpy ride.

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2025-12-05 15:16