Bitcoin Slides Below Key Moving Averages as Weekend Nears

Bitcoin entered weekend trading Friday under pressure from sellers, with price action sliding back below two closely watched technical levels after buyers failed to hold a midweek bounce. The world's largest cryptocurrency was changing hands near $77,277, below both its 100-hour moving average at $78,218 and its 200-hour moving average at $79,104 — a configuration that signals a near-term bearish tilt according to technical analysis.

The week delivered a two-sided failure for both camps. Sellers tested the range floor between $75,688 and $76,229 earlier in the week but could not crack it, triggering a wave of short-covering and dip-buying that pushed Bitcoin toward $79,837 on Friday. That rally, however, stalled just below the psychologically significant $80,000 mark, and the subsequent reversal left Bitcoin stranded beneath both hourly moving averages — handing sellers back the short-term edge.

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The broader trading range that has defined Bitcoin since August 21 remains intact. The lower boundary sits between $75,688 and $76,229, while the upper boundary runs from $81,517 to $82,281. For sellers to gain real confidence, they need a sustained break below $75,688; for buyers to reassert control, reclaiming the 100-hour moving average at $78,218 is the immediate priority, with $80,000 and ultimately $82,281 as the upside targets if momentum builds.

Macro forces continue to shadow Bitcoin's price. Movements in Treasury yields, Federal Reserve rate expectations, and the U.S. dollar all influence demand, with a softer dollar and lower yields generally supportive and the reverse creating headwinds. Weekend liquidity is a wildcard: thinner participation after traditional markets close Friday means smaller orders can produce outsized price swings, making chasing breakouts particularly risky until a move is confirmed.

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