Bitcoin (BTC) analysis has outlined crucial BTC price levels to monitor as the weekend approaches, highlighting the yearly open above $93,000.
Key takeaways:
Essential Bitcoin price levels above and below the current spot price are noted as BTC approaches the week’s end.
The weekly close makes reclaiming $93,000 increasingly vital to validate the recovery.
Onchain data identifies essential levels to watch
Bitcoin may have made a notable bounce from $84,000 at the week’s start, but bullish momentum was stifled by supplier congestion near the yearly open at around $93,000.
Data from CryptoQuant indicates that the BTC/USD pair is trading below the average realized price (cost basis) of most age groups, signaling instability, according to CryptoQuant analyst Darkfost.
Related: Bitcoin unlikely to replicate January’s surge to new high: 21Shares founder
“The first area we want Bitcoin to reclaim is the realized price of the youngest LTH band,” Darfost said in an X post on Friday, referring to the cost basis of six to 12-month-old BTC holders around $97,000.
“This level marks the transition between STH and LTH,” the analyst noted, adding:
“Breaking above it would place those investors back into a comfortable position, renewing their expectations of potential gains and encouraging them to keep holding rather than selling, which will enhance stability.”
Failure to maintain a close above $97,000 would mean “caution remains necessary,” Darkfost added.
On the downside, the initial major support lies at $88,000, representing the lower range of BTC’s price action on higher time frames, according to analyst Daan Crypto Trades.
$BTC Has regained the previous range with this bounce.
Still a considerable amount of work remains, but at least the extreme selling has paused for now.
Ideally, this doesn’t drop below that ~$88K region again on the higher timeframes. https://t.co/d2MWZWpixn pic.twitter.com/TszeyRGfyF
— Daan Crypto Trades (@DaanCrypto) December 4, 2025
As Cointelegraph highlighted, a break and close below the $93,000 line at $91,000 would confirm the continuation of the downtrend towards $68,000.
Bitcoin bulls need to close the week above $93,000
Data from Cointelegraph Markets Pro and TradingView indicated BTC/USD hovering beneath, striving to maintain $92,000.
Consequently, the price remained suppressed below the yearly open exceeding $93,000.
This aligns with the “high range resistance at $93,500,” noted analyst Rekt Capital in a recent post on X, adding:
“A weekly close above $93,500 and subsequent retest of this level into new support (as seen in previous green circles) would confirm the range breakout.”
Private wealth manager Swissblock stated Bitcoin’s “momentum is igniting after weeks of being fully negative,” as Bitcoin strives to consolidate above the yearly open between $93,000 and $93,500.
If Bitcoin holds $93,000, “the next short-term target is a break above $95K,” Swissblock noted.
Fellow analyst AlphaBTC predicted he expects the price to rebound from the current level for a final push to close out the week above the yearly open, which is now serving as resistance.
As Cointelegraph stated, Bitcoin’s bearish period in December may shift with reduced leverage and price reclaiming critical technical levels, suggesting a more stable arrangement.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
