Bitcoin’s Weekend Wobble Fails to Derail Crypto Bull Run—Traders Still Loading Bags

Volatility strikes again—Bitcoin whipsawed 12% over the weekend, yet the crypto bulls barely flinched. On-chain data shows accumulation at every dip, with open interest holding steady. This isn’t 2021’s leverage-fueled euphoria; institutions are playing the long game now.

Key metrics flashing green: Exchange reserves at 5-year lows (hodl mode activated), and BTC dominance creeping up—altcoins haven’t even started their usual cycle of outperformance yet. The real fireworks begin when ETH ETFs go live next quarter.

Wall Street analysts scrambling to revise price targets upward—because nothing inspires confidence like chasing momentum after a 150% rally. Meanwhile, Bitcoin’s hash rate just punched through 700 EH/s. The network has never been stronger, even if your portfolio hasn’t.

Key technical points

• Bitcoin is still respecting its bullish ascending channel, holding higher highs and higher lows.
• Price is testing a support confluence zone at $102,790, the 0.618 Fibonacci, the VWAP, and the channel low.
• Bullish structure remains intact, despite the short-term volatility after the weekend spike.

The corrective move seen over the past 24 hours is characteristic of weekend-driven volatility, where thin Sunday volume can lead to exaggerated price swings. While the pullback may seem dramatic on lower timeframes, it has delivered bitcoin to a significant technical zone with multiple levels of confluence. This makes the current area not just a support level, but a potential accumulation zone.

Importantly, the broader market structure remains bullish. Bitcoin continues to FORM higher highs and higher lows, and the ascending trading channel has held firm through the recent retracement. Holding this support region could establish the foundation for the next bullish rotation. Technically, it’s a high-probability zone for long setups, provided price consolidates and begins forming a base on intraday charts.

From here, Bitcoin must stabilize above this support confluence and establish a bottoming formation, a typical precursor to renewed momentum. If successful, this WOULD open the door to a move toward the channel’s upper boundary. That upper trendline, which hasn’t been tested during the current move, remains a likely price target if bullish momentum returns.

What to expect in the coming price action

Bitcoin continues to hold a bullish narrative despite recent weekend volatility. If current support levels remain intact, price is likely to rotate higher and make another attempt at all-time highs this week. A brief period of consolidation at these levels could represent the calm before the next breakout.