Bitcoin (BTC) analysis has highlighted crucial BTC price levels to monitor as the weekend approaches, with emphasis on the yearly open surpassing $93,000.
Key points:
Important 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 uncovers key levels to monitor
Bitcoin demonstrated a significant bounce from $84,000 at the start of the week; however, the bullish sentiment faced resistance due to supplier congestion around the yearly open near $93,000.
CryptoQuant’s data indicates that the BTC/USD pair trades below the average realized price (cost basis) of most age groups, hinting at instability, per analyst Darkfost.
Related: Bitcoin likely to avoid replicating January’s surge to new highs: 21Shares founder
“The primary level we want Bitcoin to reclaim is the realized price of the youngest LTH band,” Darfost stated in a post on X on Friday, referring to the cost basis of BTC holders aged six to twelve months around $97,000.
“This price denotes the divide between STH and LTH,” the analyst noted, adding:
“Surpassing it would position those investors comfortably, reinstating their expectations for potential gains and encouraging them to hold rather than sell, fostering some stability.”
Failing to close above $97,000 would indicate that “caution remains crucial,” Darkfost added.
On the downside, significant support is initially at $88,000, embodying the lower boundary of BTC’s price fluctuations on higher time frames, according to analyst Daan Crypto Trades.
$BTC Has reclaimed the previous range with this bounce.
Nevertheless, considerable efforts are still needed, but at least the excessive selling has paused for now.
It is ideal that this does not fall below that ~$88K area 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 threshold at $91,000 would validate the continuation of the downtrend towards $68,000.
Bitcoin bulls need to close the week above $93,000
Information from Cointelegraph Markets Pro and TradingView indicated BTC/USD trading below, attempting to maintain $92,000.
This situation means that the price remains constrained under the yearly open exceeding $93,000.
This aligns with the “high range resistance at $93,500,” noted analyst Rekt Capital in a recent update on X, adding:
“A weekly close above $93,500 and a subsequent retest of this level into new support (similar to previous green circles) would confirm the range breakout.”
Private wealth manager Swissblock revealed that Bitcoin’s “momentum is picking up after weeks of being entirely negative,” as Bitcoin strives to consolidate above the yearly open at $93,000-$93,500.
If Bitcoin sustains above $93,000, “the immediate short-term target is a breakthrough above $95K,” Swissblock also mentioned.
Conversely, analyst AlphaBTC anticipated a price rebound from the current level, ending the week above the yearly open, which is now acting as resistance.
As Cointelegraph indicated, Bitcoin’s traditionally bearish December period could shift with lower leverage and price reclaiming critical technical levels, suggesting a more stable framework.
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.
