The post Bitcoin Traders Have These BTC Price Levels in Mind at $92K appeared on BitcoinEthereumNews.com. Bitcoin (BTC) analysis has mapped out key BTC price levels to watch going into the weekend, with a focus on the yearly open above $93,000. Key takeaways: Key Bitcoin price levels above and below the spot price are here as BTC is about to close the week. The weekly close makes reclaiming $93,000 all the more important to confirm the recovery. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Onchain data reveals key levels to watch Bitcoin may have delivered an impressive bounce from $84,000 to start the week, but the bullish sentiment was dampened by supplier congestion from the yearly open around  $93,000.  Data from CryptoQuant shows that the BTC/USD pair is trading below the average realized price (cost basis) of most age groups, signalling 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 wrote, adding: “Breaking above it would put those investors back into a comfortable position, restoring their expectations of potential gains and encouraging them to keep holding rather than selling, which will bring some stability.” Bitcoin: Realized price, UTXO age bands. Source: CryptoQuant Failure to close above $97,000 would mean “caution remains necessary,” Darkfost added.  On the downside, the first major support sits at $88,000, representing the lower range of BTC’s price action on higher time frames, according to analyst Daan Crypto Trades.  $BTC Has retaken the previous range with this bounce. Still a lot of work to do but at least the insane selling has stalled for the time being.… The post Bitcoin Traders Have These BTC Price Levels in Mind at $92K appeared on BitcoinEthereumNews.com. Bitcoin (BTC) analysis has mapped out key BTC price levels to watch going into the weekend, with a focus on the yearly open above $93,000. Key takeaways: Key Bitcoin price levels above and below the spot price are here as BTC is about to close the week. The weekly close makes reclaiming $93,000 all the more important to confirm the recovery. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Onchain data reveals key levels to watch Bitcoin may have delivered an impressive bounce from $84,000 to start the week, but the bullish sentiment was dampened by supplier congestion from the yearly open around  $93,000.  Data from CryptoQuant shows that the BTC/USD pair is trading below the average realized price (cost basis) of most age groups, signalling 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 wrote, adding: “Breaking above it would put those investors back into a comfortable position, restoring their expectations of potential gains and encouraging them to keep holding rather than selling, which will bring some stability.” Bitcoin: Realized price, UTXO age bands. Source: CryptoQuant Failure to close above $97,000 would mean “caution remains necessary,” Darkfost added.  On the downside, the first major support sits at $88,000, representing the lower range of BTC’s price action on higher time frames, according to analyst Daan Crypto Trades.  $BTC Has retaken the previous range with this bounce. Still a lot of work to do but at least the insane selling has stalled for the time being.…

Bitcoin Traders Have These BTC Price Levels in Mind at $92K

2025/12/06 12:38

Bitcoin (BTC) analysis has mapped out key BTC price levels to watch going into the weekend, with a focus on the yearly open above $93,000.

Key takeaways:

  • Key Bitcoin price levels above and below the spot price are here as BTC is about to close the week.

  • The weekly close makes reclaiming $93,000 all the more important to confirm the recovery.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Onchain data reveals key levels to watch

Bitcoin may have delivered an impressive bounce from $84,000 to start the week, but the bullish sentiment was dampened by supplier congestion from the yearly open around  $93,000. 

Data from CryptoQuant shows that the BTC/USD pair is trading below the average realized price (cost basis) of most age groups, signalling 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 wrote, adding:

Bitcoin: Realized price, UTXO age bands. Source: CryptoQuant

Failure to close above $97,000 would mean “caution remains necessary,” Darkfost added. 

On the downside, the first major support sits at $88,000, representing the lower range of BTC’s price action on higher time frames, according to analyst Daan Crypto Trades. 

As Cointelegraph reported, a break and close below the $93,000 boundary at $91,000 would confirm the continuation of the downtrend toward $68,000.

Bitcoin bulls must close the week above $93,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering below, fighting to hold $92,000. 

This meant that the price remained suppressed below the yearly open of above $93,000.

This coincides with the “high range resistance at $93,500,” said analyst Rekt Capital in a recent post on X, adding:

BTC/USD weekly chart. Source: Rekt Capital

Private wealth manager Swissblock said Bitcoin’s “momentum is igniting after weeks of being fully negative,” as Bitcoin fights to consolidate above the yearly open at $93,000-$93,500.

If Bitcoin holds $93,000, “the next short-term target is a break above $95K,” Swissblock added.

Bitcoin price chart. Source: Swissblock

Fellow analyst  AlphaBTC said he expected the price to rebound from the current level on the last leg up to close out the week above the yearly open, which is now acting as resistance.

As Cointelegraph reported, Bitcoin’s bearish December period could change with reduced leverage and price reclaiming key technical levels, hinting at a more stable setup.

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.

Source: https://cointelegraph.com/news/bitcoin-momentum-igniting-these-btc-price-levels-to-watch?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
BitcoinEthereumNews2025/09/18 01:55