Analysis of Bitcoin (BTC) highlights critical price levels to monitor as we head into the weekend, particularly the yearly open situated above $93,000.
Key insights:
Essential Bitcoin price levels are identified above and below the current market price as BTC approaches the end of the week.
The weekly close emphasizes the need to reclaim $93,000 to validate the recovery.
Onchain data highlights crucial levels
While Bitcoin experienced a significant bounce from $84,000 at the start of the week, bullish momentum was hindered by supplier congestion around the yearly open at $93,000.
According to data from CryptoQuant, the BTC/USD pair is trading below the average realized price of most age categories, indicating instability, as noted by CryptoQuant analyst Darkfost.
Related: 21Shares founder says Bitcoin unlikely to repeat January’s surge to new highs
“The primary level we want Bitcoin to reclaim is the realized price of the youngest long-term holders,” Darkfost stated in a post on X, mentioning the cost basis for holders aged six to twelve months at approximately $97,000.
“This level signifies the transition between short-term and long-term holders,” the analyst continued, adding:
“Surpassing this threshold would restore comfort for those investors, enhancing their expectations for potential gains and encouraging them to hold rather than sell, subsequently introducing stability.”
Not closing above $97,000 would indicate that “caution remains essential,” Darkfost added.
For downside potential, major support is identified at $88,000, marking the lower end of BTC’s price movement on higher time frames, according to analyst Daan Crypto Trades.
$BTC has reclaimed the previous range with this bounce.
There’s still much to do, but the intense selling has paused for now.
Ideally, we don’t dip below the ~$88K range again on higher timeframes. https://t.co/d2MWZWpixn pic.twitter.com/TszeyRGfyF
— Daan Crypto Trades (@DaanCrypto) December 4, 2025
As Cointelegraph reported, a break and a close beneath the $93,000 threshold at $91,000 would confirm a continuation of the downtrend towards $68,000.
Bitcoin bulls need to close above $93,000 this week
Data from Cointelegraph Markets Pro and TradingView indicated BTC/USD is hovering just below, struggling to hold onto $92,000.
This indicates the price is constrained below the yearly open of above $93,000.
This aligns with the “high range resistance at $93,500,” noted analyst Rekt Capital in a recent post on X, also adding:
“A weekly close exceeding $93,500 and a subsequent retest of this level into new support (similar to previous green circles) would affirm the range breakout.”
Private wealth manager Swissblock mentioned that Bitcoin’s “momentum is gaining after a prolonged period of negativity,” as Bitcoin strives to consolidate above the yearly open at $93,000-$93,500.
If Bitcoin sustains at $93,000, “the subsequent short-term target is to break above $95K,” Swissblock further stated.
Another analyst, AlphaBTC predicted a rebound from the current price level, aiming to close the week above the yearly open, which is now serving as resistance.
As Cointelegraph noted, Bitcoin’s traditionally bearish December could alter with decreased leverage and the price reclaiming significant technical levels, hinting at a more stable market.
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.
