- Bitcoin price holds steady at $104,947 after sharp midweek volatility, with low weekend trading activity.
- No CME gap has formed this weekend, continuing a multi-week pattern of flat weekend price behavior.
- BTC remains range-bound between $103,193 support and $105,213 resistance, showing signs of short-term consolidation.
Bitcoin ( BTC) trading activity has calmed following sharp movements on Thursday and Friday. After notable price swings, the asset entered the weekend with reduced momentum and no visible continuation of volatility.
As of now, BTC trades at $104,947, reflecting a 1.7% increase in the last 24 hours. The current price sits between a support level at $103,193 and a resistance barrier near $105,213. The lack of a new Chicago Mercantile Exchange (CME) gap also signals a potentially quiet weekend for BTC.
BTC Holds $104K Amid Low Weekend Volume
Late Friday trading saw price action consolidate after sharp up and down moves earlier in the week. By the time CME markets closed, BTC had already absorbed the volatility and began trading within a narrower range. This flattening behavior has extended into the early hours of the weekend.
Volume has remained low since the close, suggesting reduced trader participation. The absence of directional force has led BTC to hover near the midpoint between identified support and resistance. Importantly, the chart shows that price maintained above the $104,000 mark post-CME close, which sets a stable reference point heading into the weekend.
BTC Weekends Stay Flat as CME Gaps Disappear
In the past several weeks, CME gaps have been a common weekend feature. However, recent trends show that BTC has remained relatively flat during weekend sessions. This week, no CME gap has formed, continuing that pattern.
The consistent lack of weekend gaps, combined with Friday’s tame price action, reinforces the idea of lowered volatility. The trading range has narrowed further, indicating consolidation. Without unexpected catalysts or news events, BTC is showing signs of short-term equilibrium.
BTC Trades Sideways Between Key Support and Resistance Levels
The technical structure going into the weekend places BTC comfortably between its immediate support and resistance. The $103,193 level offers price support, while sellers are active near the $105,213 resistance zone. So far, BTC remains just under the resistance barrier.
The CME open, noted on the chart, remains a possible reference for any abrupt price response. However, current conditions show price magnetism around the $104,947 level. Traders appear to be observing rather than engaging heavily, leaving the market to drift within established bounds for now.
As the weekend progresses, the lack of high-impact developments or external catalysts suggests limited price deviation from current levels. This maintains the market’s current sideways trajectory.
