Bitcoin settled at $80,000 through the weekly close on Sunday, dodging the kind of weekend slide that's rattled markets in recent months. Yet traders aren't calling the bottom yet — many expect the price to break below that level in the coming days before resuming any rally.
Weekly close holds the line
The largest cryptocurrency by market cap spent the final hours of the weekly candle hovering right around the $80,000 mark. That's a psychological round number that tends to act as support or resistance depending on momentum. Closing above it provided some short-term relief, but the broader mood remains cautious.
Why traders expect a dip
Sentiment in the derivatives market skews bearish for the near term. Open interest data and funding rates suggest leveraged longs have been squeezed, and positioning hasn't fully washed out. Several active traders on social platforms and trading floors say they're waiting for a move down to the mid-$70,000s before adding length. The consensus isn't that Bitcoin is headed for a crash — more that the current $80,000 level looks shaky as a floor.
What comes next
Without a catalyst — no major macro data or regulatory news due this week — the price action is likely to be driven by order-book dynamics and any broader risk-off move in equities. If Bitcoin does slip below $80,000, traders expect it to find support around $76,000 to $78,000 before reversing higher. The move could happen quickly: weekend liquidity was thin, and Monday morning in Asia often sets the tone for the week.
