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Home»Bitcoin»Bitcoin traders are keeping these levels of BTC in mind for $92K

Bitcoin traders are keeping these levels of BTC in mind for $92K

Bitcoin By Gavin05/12/2025
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Bitcoin Whales Awaken after 14 years
Bitcoin Whales Awaken after 14 years
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BitcoinBTCAnalysis has identified key BTC prices to monitor going into the weekend. The focus is on the annual open price above $93,000.

The key takeaways

  • Bitcoin is closing the week and we have key Bitcoin prices levels.

  • It is important that you confirm your recovery by claiming the $93,000 due to the weekly closing.

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

The Onchain Data reveals the key levels you should watch

Bitcoin has seen a significant rise from its initial $84,000 price to begin the week. bullish sentiment was dampened by supplier congestion from the yearly open around  $93,000. 

Darkfost, a CryptoQuant analyst, says that data from CryptoQuant indicates the BTC/USD is currently trading at a price below the cost basis (average realized price) for most age groups. This signals instability. 

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, the post referred to a cost basis for BTC holders aged six to twelve months. The figure was around $97,000.

“This level marks the transition between STH and LTH,” “The analyst writes, 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.”

Source: CryptoQuant. Source: CryptoQuant

In the event that you do not close your transaction above $97,000, this would be considered a failure to close. “caution remains necessary,” Darkfost was added. 

Analyst Daan crypto Trades says that the price of BTC on longer timeframes is lower than $88,000. 

$BTC This bounce has retaken previous range.

The insane sales have stopped for the moment.

This should not lose the $88K area again in higher timeframes. https://t.co/d2MWZWpixn pic.twitter.com/TszeyRGfyF

— Daan Crypto Trades (@DaanCrypto) December 4, 2025

You can also read about the advantages of using Cointelegraph reportedA break-through and close at or below $93,000 would confirm that the trend is continuing downwards toward $68,000.

The week must end with Bitcoin bulls closing above $93,000

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD is hovering at $92,000 and fighting to keep it. 

The price was suppressed to below the annual open rate of $93,000.

The same is true for the “high range resistance at $93,500,” said Rekt capital analyst in a post recently on X.

“A weekly close above $93,500 and post-breakout retest of this level into new support (just like in previous green circles) would confirm the range breakout.”

BTC/USD Weekly Chart Source: Rekt Capital

Private wealth manager Swissblock said Bitcoin’s “momentum is igniting after weeks of being fully negative,” Bitcoin remains above its yearly opening price of $93,000 to $93500.

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

Source: Swissblock Bitcoin Price Chart Swissblock is the source for this Bitcoin chart.

Fellow analyst  AlphaBTC said The price was expected to bounce off the level it is at now on the last leg to finish the week over the open for the year, which has become resistance.

You can also read about the advantages of using Cointelegraph reportedBitcoin’s December bearish period may change as leverage is reduced and the price returns to key technical levels. This could indicate a more stable situation.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.