The post Bitcoin Price Prediction for the Weekend—Will the Volatility Increase or the Price May Remain Stuck Around $107K? appeared first on Coinpedia Fintech News
The Bitcoin (BTC) price is currently hovering around $107,000, showing signs of consolidation after a roller-coaster ride. As the markets are heading towards the end of the month, the upcoming weekend trade appears to be extremely pivotal. The traders now think, will the BTC price stay within a range-bound around $107K or display major price action?
The price is currently trading between $105,000 and $108,000, a range it has defended throughout the week. The token has shown resilience this week, bouncing back from the recent lows below $100K, fueled by ETF inflows and continued whale accumulation.
Why This Week Could Be Different
One of the biggest short-term catalysts is the options expiry event, with over $40 billion in BTC options set to expire. The max pain point—the price at which most options lose value—is estimated around $102K, suggesting that BTC could be pulled toward this level as traders unwind positions. Historically, such expirations often lead to short-term volatility, especially during the weekends when liquidity is lower. Secondly, the current chart patterns suggest the price is expected to form a CME gap during the weekend.
A popular analyst, Daan Crypto Trades, does not look out for any price action during the weekend. The analyst says that the price could remain around the $107K region, which it traded around for most of the week. After a strong consolidation, the BTC price is believed to trigger a breakout at the start of the upcoming weekly trade. With this, the price may form a significant CME gap that may attract a significant pullback after marking local highs.
Therefore, the Bitcoin (BTC) price is believed to undergo a Sunday drop, followed by a notable rebound and end the monthly trade on a bullish note.
