Short-term outlook: Weak to neutral
Bitcoin has weakened significantly recently, trading below major recent highs and sentiment remains cautious. Major analysts see BTC trading in a range with potential resistance around upper levels and downside pressure if support breaks.
Some prediction markets even signal a high probability of BTC falling further toward ~$65,000.
Broader crypto markets have been under pressure with downturns across major tokens and heavy selling.
What this means for the weekend:
Expect range-bound or slightly weaker action in BTC and major altcoins unless a strong macro surprise (e.g., risk appetite shift) occurs.
High volatility likely — traders may see sharp intraday swings rather than clear trends.
Consensus range (BTC):
Possible trading roughly around current levels with resistance near recent highs and support near key technical levels.