Bitcoin Holds 400% Gains Since 2023 Amid Weekend Volatility Concerns

Bitcoin is currently trading near $104,910, with traders anticipating potential volatility over the weekend due to macro risks and the influence of the CME session. The cryptocurrency faces significant resistance at $105,424, with volume spikes indicating active demand zones within a tightly compressed trading range. Despite short-term consolidation, Bitcoin maintains its bullish macro trend, having gained approximately 400% since 2023, and a quiet MACD momentum shift suggests underlying strength.

Analysts view the weekend as a period of heightened uncertainty, with geopolitical and macroeconomic developments potentially unleashing unexpected volatility. Unlike traditional markets, crypto markets operate 24/7, amplifying reactions to global events. This sensitivity has led some traders to adopt a cautious approach, preferring to observe rather than engage in active trading.

The 15-minute BTC/USDT pair on Binance illustrates price fluctuations between $104,869 and $104,977, defining a tight intraday range. A green demand zone earlier in the session marked strong buying pressure, initiating an upward push. However, Bitcoin encountered resistance near the $105,424 level, where selling pressure emerged shortly after the CME Close. This area has become a key technical barrier for bulls.

Volume activity aligns with directional price moves, with the session’s highest volume spike occurring during the initial rally, supporting the green zone’s validity. Market depth revealed a tight bid-ask spread of $104,910.74 to $104,910.75, reflecting a liquid market with active order matching at the current price. CME Open and Close markers played a role in shaping Bitcoin’s intraday structure, with institutional trading periods often bringing volatility and influencing spot price dynamics.

Crypto analyst Merlijn The Trader demonstrates that Bitcoin’s macrostructure remains intact, with higher highs and higher lows being formed despite brief oscillations. Bitcoin has gained 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. Momentum oscillators show mixed signals, reflecting the ongoing consolidation. However, the broader trend remains bullish, with resistance levels conquered in 2024 serving as support, strengthening the long-term structure. Bitcoin’s quiet resilience suggests the market may be setting a trap before its next major breakout.

Bitcoin is currently navigating through a period of uncertainty, with the cryptocurrency hovering near a key resistance level of $110,000. Despite geopolitical tensions, Bitcoin has managed to hold firm above $100,000, indicating a level of resilience amidst market volatility. The lack of confirmation from major exchanges and the repeat of large stablecoin outflows have added to the overall market sentiment, creating a sense of caution among investors.

The current market conditions are reminiscent of a calm before a potential breakout. If tensions de-escalate, there is a possibility of a relief rally pushing Bitcoin back towards $105,000, a key resistance level observed in the past week. However, the market remains uncertain, with analysts and investors closely monitoring the situation for any signs of a breakout or further volatility.

The Crypto Fear and Greed Index has dipped to 61, reflecting a mix of fear and greed in the market. This index is a measure of market sentiment, with a higher number indicating more greed and a lower number indicating more fear. The current reading suggests that while there is some optimism, there is also a significant level of caution among investors.

The market sentiment is further complicated by the performance of altcoins, which have seen low inflows despite the volatility in Bitcoin. This lack of interest in altcoins could be a sign of investors focusing on Bitcoin as a safe haven during times of uncertainty. However, it could also indicate a potential shift in market dynamics, with altcoins poised for a rebound once the market stabilizes.

The overall market mood is one of uncertainty, with investors and analysts alike waiting for a clear signal to guide their next moves. The key resistance level of $105,424 for Bitcoin remains a focal point, with a breakout above this level potentially signaling a bullish trend. Conversely, a failure to break through this resistance could lead to further volatility and uncertainty in the market.