Bitcoin held around $107,000 on Saturday, as traders signaled caution and warned of possible new lows in the near term.
Data from Cointelegraph Markets Pro and TradingView indicated subdued volatility heading into the weekend, providing a short break after a turbulent week that saw BTC drop roughly 7%.
At its lowest levels in months, the cryptocurrency remains under pressure due to weak buyer demand and shifting macroeconomic conditions.
“It all lines up nicely across the board for another wave down,” trader Crypto Tony said in an X post.
“Bitcoin I see us dropping to $95,000, possibly testing the $91,000 region before we find a bottom.”
Short-Term Sentiment Divided
While some traders anticipate further declines, others expect price stability over the weekend.
“BTC did a good job recovering some ground on Friday before the CME close,” said trader Daan Crypto Trades.
“This makes it so we’re likely to stick around this ~$107K level during the weekend.”
He identified $105,000 as a crucial support level, suggesting a potential rebound if global stock markets continue to strengthen.
Equities ended the week on a more optimistic note, with the S&P 500 closing at 6,664 — recovering roughly half of its previous losses.
Analysts attributed the rebound partly to U.S. President Donald Trump’s comments that recent tariff increases on China may not last, easing investor concerns.
Gold prices, which recently reached record highs, also moderated slightly.
RSI Suggests a Potential Reversal
Some technical indicators point to possible relief for Bitcoin bulls.
Analysts have noted that Bitcoin’s relative strength index (RSI) is at its lowest level since April, when BTC briefly fell to $75,000 before rebounding.
On the four-hour chart, RSI is forming a bullish divergence — with price reaching lower lows while RSI moves higher, suggesting selling pressure is beginning to ease below $110,000.
However, market sentiment remains cautious.
The Crypto Fear & Greed Index fell to 22 out of 100 on Friday, its first time entering “extreme fear” territory since April, indicating heightened bearishness across the market.
