Bitcoin (BTC), the largest cryptocurrency according to market capitalization, has re -developed some of the key levels of support this week. When the price begins to recover after the last minimals, some analysts believe that the weekend can bring stubborn relief for investors.

Bitcoin recovers from USD 78,000

Over the past week, Bitcoin has experienced significant sales pressure, fueling doubts as to the potential market peak. The flagship crypto fell by 21% compared to the highest week of $ 99,000, immersing below $ 80,000 for the first time since November.

In the BTC correction, it also fell by almost 30% compared to the highest level of all time (ATH) and traded below the US electoral price range. A week after the start of bleeding on the Bitcoin market, it reached a up-to-date three -month low level, completing the support of $ 78,000 on Friday morning.

Different market observers noticed that the last BTC drop reached a CME gap from 78,000 to USD 80,200. Rekt Capital noticed that Bitcoin is Experience “Strong reflection against the partially filled Luce CME and does it on the above -average seller volume.”

The flagship crypto increased by about 7% compared to today’s falls, floating between the support zone from 83,000 to USD 84,000 for the last few hours.

For an analyst, the support of CME GAP and the volume on the sales side will be two key indicators, which should be noted at the weekend as a constant, uninterrupted pressure on the BTC sales side is unbalanced, and the exhaustion of the seller potentially accelerates over the next few days.

Bitcoin finally begins to experience the above -average seller’s volume. It is still possible to appear more seller, but there are a chance to exhaust the seller. And exhaustion of the seller usually precedes the reversal of prices.

Is weekend coming?

Jelle cryptographic analyst Highlighted The fact that Bitcoin made “three disks on a deeply soldered territory” this week and will test local minimas again before today’s decline, suggests that “weekend relief seems likely.”

The analyst stated that recovery of $ 84,500 is the key to recovering BTC, because “the last two re -ended with new minimals.”

Nevertheless, he noticed that today’s reflection seems to be different because of the BTC “touching the cluster” for the first time this week and breaking over it. For Jelle, this can signal a “interesting weekend”, with a up-to-date CME gap of $ 93,000.

Uncomplicated capital indicated that Bitcoin “filled each gap of CME, which was created since mid -2024.” And that only the newly created CME gap from 92,800 to 94,000 USD remains open after this reconstruction. If BTC continues this pattern, the price may soon fill the up-to-date gap.

The analyst has outlined Two potential scenarios for the current “slope of declines” BTC. According to the post, the price of Bitcoin may visit 93,500 USD again until the end of the week, if the deviation “is to end as a downsyal wick.”

Meanwhile, if the deviation “ends, because the deviation by the number measuring with a weekly candle is closed below the re -vacation range”, the BTC price may again review the level of 93,500 USD in the next two to three weeks as “part of the help rally after breaking”.

Since then, Bitcoin has traded at USD 85,220, which is an enhance in the number of times by 0.5%.

A distinguished painting with unmplash.com, chart from tradingview.com