On-Chain Data Reveals Key Levels for Bitcoin
Bitcoin (BTC) analysis has mapped out key price levels to watch going into the weekend, with a particular focus on the yearly open above $93,000. While Bitcoin delivered an impressive bounce from $84,000 to start the week, the bullish sentiment was dampened by supplier congestion from the yearly open around $93,000.
Data from CryptoQuant indicates that the BTC/USD pair is trading below the average realized price (cost basis) of most age groups, signaling instability, according to CryptoQuant analyst Darkfost.
“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, referring to the cost basis of six to 12-month-old BTC holders around $97,000.
“This level marks the transition between STH and LTH. 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.”
Failure to close above $97,000 would mean “caution remains necessary,” Darkfost added.
On the downside, the first major support sits at $88,000, representing the lower range of BTC’s price action on higher time frames, according to analyst Daan Crypto Trades.
$BTC Has retaken the previous range with this bounce.
— Daan Crypto Trades (@DaanCrypto) December 4, 2025
Still a lot of work to do but at least the insane selling has stalled for the time being.
Ideally this doesn't lose that ~$88K region again on the higher timeframes. https://t.co/d2MWZWpixnpic.twitter.com/TszeyRGfyF
A break and close below the $93,000 boundary at $91,000 would confirm the continuation of the downtrend toward $68,000.
Bitcoin Bulls Aim to Close Above $93,000 for Weekly Confirmation
BTC/USD was observed hovering below $92,000, struggling to hold the level and remaining suppressed below the yearly open of above $93,000. This situation highlights the importance of the weekly close for Bitcoin bulls.
Analyst Rekt Capital noted in a recent post on X that this coincides with “high range resistance at $93,500.”
“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.”
Private wealth manager Swissblock stated that Bitcoin’s “momentum is igniting after weeks of being fully negative,” as Bitcoin fights to consolidate above the yearly open at $93,000-$93,500.
If Bitcoin holds $93,000, “the next short-term target is a break above $95K,” Swissblock added.
Fellow analyst AlphaBTC expected the price to rebound from the current level on the last leg up to close out the week above the yearly open, which is now acting as resistance.
Bitcoin’s bearish December period could potentially change with reduced leverage and the price reclaiming key technical levels, hinting at a more stable setup.