Bitcoin Weekend Outlook - Descending Channel Holds as $118K Support Looms

Bitcoin keeps grinding lower and has now built a cleaner, more readable structure heading into the weekend. The sideways box from earlier in the week has evolved into a descending channel - the kind of setup that lets traders see momentum more clearly.

Sellers continue to lean on pressure, and every rejection wick at the channel’s upper boundary confirms that lower highs remain intact. Until the chart breaks that rhythm, bears stay in control.

👉 Learn how to spot and trade channel structures in our Trading Academy.

Technical Overview

The 1H chart tells the full story. Price is trending neatly inside a descending channel, and every test of the upper band has been met with rejection.

All key moving averages are above price and still acting as dynamic resistance. Nothing has shifted in bias - as long as BTC stays below those MAs, the trend remains under downward pressure.

This type of controlled decline is often where traders misread the market. It feels calm, but it’s quietly creating imbalance.

What We’re Watching Into the Weekend

📌 Immediate Tops

The upper boundary of the channel now marks the first defensive line for bears. A clean reclaim above it would be the earliest sign of relief - but bulls have failed to show follow-through so far.

📌 Channel Support

Price is hugging the lower trendline again. A decisive break below it could release momentum toward the $118K–$116K demand zone already mapped earlier. That’s where deeper liquidity sits and where buyers may attempt to rebuild structure.

📌 Structure Shift

Nothing changes unless BTC breaks the channel to the upside and reclaims at least one major moving average. Until that happens, sellers keep the advantage by default.

👉 Practice reading and trading these structures risk-free inside our Trading Simulator.

Weekend Game Plan

• Watch the channel top for fakeouts or early reversal signs.

• Watch the lower boundary for a clean breakdown into green demand.

• No bullish shift without a reclaim of structure and moving averages - simple as that.

This weekend is about reaction, not prediction. Let price show intent first, then act on confirmation.

Market Psychology

Descending channels test discipline. They grind lower slowly, frustrating both bulls and bears. Impatient traders try to pick bottoms and get trapped.

Professionals mark structure, plan reactions, and let the market come to them. Boring price action is where emotional traders lose money and prepared ones gain it.

Markets reward patience, not speed.

Bottom Line

Bitcoin’s weekend outlook remains clear.

• Sellers hold momentum inside a descending channel.

• Key resistance sits at the upper trendline and major MAs.

• Support to watch remains the $118K–$116K demand zone.

Until the structure changes, the bias doesn’t. Track the levels, stay patient, and let Monday decide direction. 👋

👉 For live updates through next week, check our Daily Insights and refine your plan in the Trading Simulator.

Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.