Key Highlights

• Bitcoin is approaching a crucial weekly close with several pivotal price levels in focus.

• A trader noted that the current whale sell-off puts the future of the bull market at risk.

• Lower U.S. trade tariffs and an end to the government shutdown could benefit risk assets.

Bitcoin’s value held steady around the $100,000 support mark right before this significant weekly close.

Upcoming Key Weekly Close for BTC

According to data from Cointelegraph Markets Pro and TradingView, Bitcoin’s price movement over the weekend displayed a lack of volatility.

Even though action was minimal, traders were keenly observing how the weekly candlesticks would ultimately shape up.

“This week’s key level: $103,500,” mentioned crypto trader Titan on social media.

Titan emphasized the importance of this price based on Fibonacci retracement levels, suggesting that the bull market is at risk of fading.

“A weekly close below this wouldn’t be catastrophic, but a confirmed breakdown next week might indicate that the bull run has likely ended. We haven’t reached that point yet,” he continued.

Some analysts pointed out that closing above the 50-week exponential moving average (currently at $100,940) reflects market strength.

“We don’t want this week to finish any lower than this,” trader Max Krypto cautioned.

In a different perspective, trader superbro expressed concern about a potential “death cross,” which occurs when the 50-period simple moving average falls below the 200-period average.

“We may be nearing the fourth death cross of the bullish cycle. Each instance usually leads to a reversion to the mean and a prolonged bottom,” he shared with his followers.

He observed, “So far, the 365 SMA response hasn’t been encouraging. It’ll be interesting to see if bulls can manage to bounce back toward the week’s close.”

Analyst’s Outlook on Economic Expansion Post-Government Shutdown

Apart from the technical indicators, the crypto community remained hopeful about developments regarding the U.S. government shutdown.

There was rising optimism that lawmakers would soon find a resolution as the effects of the shutdown began to weigh on the U.S. economy.

Moreover, many anticipated that a Supreme Court decision invalidating certain international trade tariffs could provide an immediate boost to stock prices.

Cas Abbe from the analytics platform CryptoQuant stated, “We are likely to see economic expansion once the U.S. government shutdown wraps up.”

He shared a chart indicating that the end of the shutdown could also signal the conclusion of the “manipulation” phase in Bitcoin price movements.

On a cautious note, cryptocurrency investor Ted Pillows warned that BTC prices might dip further if market expectations aren’t met soon.

“Bitcoin seems to be stabilizing around the $102,000 mark. The market was anticipating a resolution to the government shutdown this weekend, which didn’t materialize,” he explained.

“I think it’s possible for Bitcoin to drop a bit more, especially with institutional demand lacking and whales continuing to offload,” he added.

Reports indicate that Bitcoin whales have been applying consistent selling pressure throughout 2025.

This content does not offer investment advice. Every trading decision carries its own risks, and it’s advised that readers do their own research.