Bitcoin Holds Steady as Weekend Consolidation Sets In
“It’s weekend so I’m not expecting a ton of volatility or volume like usual,” he wrote.
Daan highlighted a potential risk zone near $104,000, which he says is a liquidation level for a large whale. However, as long as BTC trades well above that level, he believes volatility should remain contained.
Attached to the tweet was a 15-minute BTC/USD chart, showing a notable gap between the CME close and the upcoming CME open, marked around $108,241.
A magnet icon was used to symbolize a potential price pullback toward that level, as Bitcoin often “fills the gap” left between CME market sessions.
“BTC did well but most alts failed to follow,” Daan added, referring to relative weakness in the broader altcoin market following Bitcoin’s recent gains. For now, the market appears to be in consolidation mode as traders await new catalysts.
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Filed under: Bitcoin - @ May 25, 2025 1:00 am