- Bitcoin consolidates around $104,900 with low weekend volatility, supported by tight liquidity and a balanced order book.
- Trading activity eases after midweek swings as no CME gap emerges and volume stabilizes near key psychological levels.
- Bitcoin shows calm price action with high liquidity and minimal spread, suggesting a steady weekend without market disruption.
Bitcoin continues to consolidate near the $104,900 level following Thursday and Friday’s high volatility swings. Despite the active price action earlier in the week, trading conditions have calmed as the weekend unfolds. The price currently sits at $104,884 on BitStamp, marking a slight gain of 0.03% with a +28 point movement. Additionally, no new CME gap has emerged for several weeks, further reinforcing expectations of a low-volatility weekend.
Volatility Eases After Midweek Price Swings
Earlier sessions this week featured distinct price surges and pullbacks, particularly on Thursday and Friday. During that period, Bitcoin fluctuated between $103,500 and $105,400. A strong green volume spike appeared mid-session, pushing prices closer to the $105,000 resistance zone. This move came with alternating candlesticks, indicating strong activity from both buyers and sellers.
Source: Daan Crypto Trades
However, as CME trading hours closed, market momentum began to fade. The CME Close marker showed reduced activity, and trading volumes began to taper off. The price hovered near the psychological $104,900 level, maintaining stability throughout the rest of Friday and into the weekend.
Market Liquidity Remains Tight with Balanced Pressure
Moreover, current order book data reveals a tight spread of just $1 between buyers and sellers. Sell orders sit at $104,911 while buy orders rest at $104,912. Hence, the market continues to show high liquidity, with minimal price discrepancies across orders. Volume bars suggest consistent but moderated trading intensity, especially in the right half of the 15-minute chart.
Significantly, no major headlines or market disruptions have emerged to spark volatility. The absence of a CME gap and a quiet macro landscape both support a calm trading environment. Besides, technical indicators highlight stable volume patterns that correspond with the price’s consolidation near current levels.
