- Bitcoin trades near $104,910 as traders brace for potential weekend volatility driven by macro risks and CME session influence.
- BTC faces strong resistance at $105,424 while volume spikes confirm active demand zones within a tightly compressed trading range.
- Despite short-term consolidation, Bitcoin maintains its bullish macro trend with 400% gains since 2023 and a quiet MACD momentum shift.
At the time of writing, Bitcoin was valued at $104,910, signalling an upward momentum within wider uncertainties and headline-driven risk implications. Analyst Daan Crypto Trades views that the weekend will most likely not bring the usual sideways action. Instead, geopolitical and macroeconomic developments could unleash a layer of unexpected volatility-it is factor likely weighing on investors’ minds. Unlike traditional markets, crypto markets are open 24/7-which has only served to amplify reactions to worldwide events. So during these times that can be classified as sensitive, some traders will simply prefer to watch rather than jump in.
Source: Daan Crypto Trades
The 15-minute BTC/USDT pair on Binance illustrates price fluctuations between $104,869 and $104,977. These movements define a tight intraday range. A green demand zone earlier in the session marked strong buying pressure, starting an upward push. However, Bitcoin faced resistance near the dotted $105,424 level, where selling pressure emerged shortly after the CME Close. Consequently, this area has become a key technical barrier for bulls.
Moreover, the volume shows activity aligned with directional price moves. The session’s highest volume spike occurred during the initial rally, supporting the green zone’s validity. Meanwhile, market depth revealed a tight bid-ask spread of $104,910.74 to $104,910.75. This reflects a liquid market with active order matching at the current price.
Additionally, CME Open and Close markers played a role in shaping Bitcoin’s intraday structure. These institutional trading periods often bring volatility and influence spot price dynamics. The chart’s right edge shows another CME Open marker, signaling the start of a new futures session. Hence, traders remain alert for potential volatility bursts aligned with institutional market activity.
Long-Term Trend Still Intact
Crypto analyst Merlijn The Trader demonstrates that Bitcoin’s macrostructure remains intact. Higher highs and higher lows are being formed by the cryptocurrency, despite brief oscillations. Bitcoin has had gains of almost 400% since its 2023 lows, peaking at over $110,000 in early 2025. A shift in momentum beneath the surface is indicated by the modest flip of the MACD.
Source: Merlijn The Trader
Momentum oscillators show mixed signals, reflecting the ongoing consolidation. However, the broader trend remains bullish. Resistance levels conquered in 2024 serve as support, strengthening the long-term structure. Bitcoin’s quiet resilience suggests the market may be setting a trap before its next major breakout.
