Key points:
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Bitcoin is heading for a vital weekly close with several key price levels at stake.
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The way forward for the bull market still hangs within the balance amid ongoing whale selling, a trader says.
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Risk assets should profit from a discount in US trade tariffs or an end to the federal government shutdown.
Bitcoin (BTC) was wedged in a decent range ahead of a key weekly close, with $100,000 support at stake.
BTC price counts right down to the large weekly close
Data from Cointelegraph Markets Pro and TradingView showed that BTC price sluggishness characterizes weekend trading.
There was a scarcity of volatility, but market participants were excited to see how the weekly candle would close.
Source: Caleb Franzen
“Key level of the week: $103.5k,” Crypto trader Titan wrote in a post on X.
Titan of Crypto based the importance of this price point on the Fibonacci retracement levels, with the bull market potentially at stake.
“A weekly close below isn’t dramatic, but a confirmed dip next week would signal that the bull market might be over. Not there yet,” he added.
Others viewed an in depth above the 50-week exponential moving average (EMA), currently at $100,940, as an indication of strength.
“We don’t need a weekly close below that at any price,” warned trader Max Crypto.
Meanwhile, the chance of a death cross on easy moving averages (SMAs) on the each day chart was of interest to trader SuperBro.
Such a scenario occurs when the 50-period SMA crosses below the 200-period equivalent.
“The fourth 'death cross' of the bull cycle is approaching. Each time we have now seen a reversion to the mean and a sustained bottom,” he told X Followers that day.
“But up to now a lukewarm response on the 365 SMA. Let's see if the bulls can get their act together and recapture the Q3 low at the tip of the week.”
Bitcoin analyst expects “expansion” as US government shutdown ends
Beyond the chart signals, the crypto markets were hoping for positive news on the US government shutdown.
Expectations that lawmakers would take motion to finish the impasse grew as its impact on the U.S. economy became increasingly problematic.
Additionally, the US Supreme Court's imminent decision to eliminate international trade tariffs was expected to supply a right away boost to stocks.
“When the US government shutdown ends, we could soon see an expansion,” summarized Cas Abbe, a fellow at on-chain analytics platform CryptoQuant.
Abbe is open
Crypto investor and entrepreneur Ted Pillows was cautious and predicted that BTC price could decline if market expectations usually are not met quickly enough.
“BTC continues to be consolidating across the $102,000 level. Markets expected the federal government shutdown to finish this weekend, but that has not happened,” he explained.
“I still think Bitcoin could fall a bit considering institutional demand has softened and OG whales are selling.”
As Cointelegraph reported, Bitcoin whales have provided sustained selling pressure throughout 2025.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
