Bitcoin Reclaims $100,000 After Weekend Drop

Bitcoin has rebounded above the $100,000 mark after briefly breaching support near $98,467 over the weekend. The cryptocurrency experienced a significant price drop, testing a fresh local low before recovering. As of the latest data, Bitcoin is trading at $101,885, down 0.7% over the past 24 hours. The price action indicates that Bitcoin is stabilizing within a narrow range, with key attention on whether bulls can reclaim lost ground.

The weekend saw Bitcoin break below its prior range, temporarily breaching local lows. The decline tested major support near $98,467 before recovering quickly. This level now stands as the immediate floor, having absorbed recent sell-side pressure. The rebound pushed BTC back above $100,000, a psychological level and previously defended zone.

Volume-based analysis shows that a dense support shelf has turned into active resistance. This shift changes the price dynamic around $103,000 to $105,000. With sellers now positioned near this range, upward movement faces renewed opposition. This flip also corresponds with heavy historical activity, as visualized by the volume profile.

The area between $103,000 and $105,000 holds the highest volume concentration on the visible range chart. Previously, this region served as a major support shelf. However, recent price action flipped it into a resistance zone after weekend weakness. This transition creates a technical ceiling for Bitcoin in the short term.

The resistance aligns closely with the volume point of control (POC), which typically attracts and contains price movement. Bulls must now reclaim this region to build any sustainable momentum. The consolidation under resistance reflects broader uncertainty following the weekend drop.

Price currently moves within a narrow intraday range, with $101,885 acting as the midpoint. Resistance remains firm just above, capping upside attempts. Volume data suggests bulls face difficulty clearing the $103K shelf, now acting as a distribution zone.

Despite the recovery from weekend lows, Bitcoin’s structure has shifted notably. Bulls must overcome layered resistance zones before establishing any directional bias. Until then, the price remains compressed between support at $98,467 and resistance around $103,000.