BITCOIN WEEKEND UPDATE🚨 (Bitcoin Price Prediction & News 2026)

Added: 2026-05-17

[00:00:03]Good morning, everybody. Welcome back to Solidx Crypto. Hope you're all doing great and welcome to this new video, of course, on Bitcoin this Saturday morning. Now, you you think that we would get into the weekend nice and quiet in the crypto markets.

[00:00:16]Um but that is definitely not the case.

[00:00:17]We as you can see right here the last 4-hour time frame candle, which is um closing in about 45 minutes, has been incredibly bearish. I mean, this looks not great.

[00:00:28]Uh but then if you look at the spaghetti chart, you can see that we're absolutely collapsing at this point of time. Um I should have looked whether there was some news coming out.

[00:00:37]I don't necessarily think that that has been the case.

[00:00:41]Um but I'll quickly have a look right now, but ultimately what we're seeing is that just a a lot of the longs um [snorts] that have coming out um in in the previous week, mostly, have been opened. Um are are being closed right now. You can see that right here, right? The CVD is absolutely crashing. And [snorts] the open interest is going down. I mean, the open interest is not even down that much.

[00:01:04]Uh >> [snorts] >> but the CVD is down a lot, so that means that it's not, you know, shorts closing as well or shorts opening.

[00:01:10]Um but but it's it's very Well, no, it could actually be shorts opening and longs closing, but it's primarily longs closing right here. Funding rates are not negative yet, so I wouldn't even say that Bitcoin at the moment is then over shorted, which, right? I mean, even though no new shorts are coming in at the moment, it could still become over shorted if all the longs are being flushed out.

[00:01:31]Um but but but the situation is not great. I mean, yesterday we we already knew the situation was not great. I mean, this doesn't come as a surprise.

[00:01:39]Like I said, I'm not certain if there's any news.

[00:01:42]There's nothing I can see real quick right now to the left of me where I have a um you know, where where I have a a news feed open. Coinbase Bitcoin premium still at a at a discount, so Coinbase Bitcoin discount, I should say.

[00:01:54]Funding rates, like I said, still positive right here.

[00:01:58]Um and then outside of that, for the first time we actually do have some a bit side skew when we're talking about the order book depth, but that on its own is probably not going to help too much. Um so, yeah, bearish, right?

[00:02:10]That's the general verdict right now.

[00:02:12]Now, like I said, that in itself was not unexpected. I must say that, you know, seeing that on a Saturday morning at the start of the EU session, at least when when when when we would have had sessions, like that's a little bit strange, but ultimately this was to be expected. Now, there's two main levels that I think we should look at, um you know, going into the rest of the weekend, going into next week, most likely as well.

[00:02:38]Ultimately, Bitcoin at the moment is still within the range, right? I mean, I I still think we have, you know, quite a decent possibility. I'll grab the the two-week value area right here. And if you look at the two-week value area, you can see most of the value has been traded between 81,700 and 79,600.

[00:02:56]So, at the moment we're trading below that, we're trading at a breakdown, technically. But it's not impossible that this is just a temporary a temporary deviation below the range before getting back into the range, right? So, so that is certainly still a possibility, ultimately. And I think it's unlikely that we're going to turn into a major downtrend right here, although it is a possibility and that is something to be, you know, mentally prepared for, at least. However, there's two main levels to look at. First of all, to the upside, it's the retest of the range, right? So, that's going to tell us a lot.

[00:03:29]I would [snorts] say it is quite likely we're going to test that within the next week because we have two major single prints there. And it doesn't happen very often that single prints like this, together with a, you know, major fair value gaps there, >> [snorts] >> um and and most likely we're going to have the previous week view up there and the previous week value area lot a hot low, um it doesn't happen very often that doesn't get tested. So, that's going to be our first test as to whether we're going to trend down, yes or no. Right?

[00:03:55]Because if Bitcoin is going to push up into that level, we're going to see a strong rejection.

[00:04:00]It's more likely that this is the start of a downtrend. So, that's one level to look at. And when we're talking about what [clears throat] I originally My apologies. What I originally wanted to talk about in this video is where to buy Bitcoin. And honestly, I would prefer to buy Bitcoin on at least a Sunday evening, not in a weekend.

[00:04:20]Um but the key next price target that we're looking at right here for Bitcoin, it's it's quite clear. I should actually go to the 30-minute time frame here. Um we have decent support here actually at 78,400. So, we'll see what that brings us. I think there's a decent chance we'll just hold that.

[00:04:36]Um but after we're after that, we're talking about 77,000. Then we have the previous month very area high at 77,200.

[00:04:43]We still have an older point of control and naked point of control a little bit more towards 76,000 as well. Uh so, that is the the main level that I'm looking at for Bitcoin. I think when we're talking about, "Okay, where should you buy Bitcoin?" Like the 77,000 is the first level where I would have the confidence to potentially buy. Although, we're at strong support right now as well. So, generally going into this weekend, um I'd say keep your eyes on those two levels. I mean, it's quite difficult, especially in a weekend, but especially also when the markets are quite choppy, which they are at the moment. It's quite difficult to say whether we're first going to test that level to the downside and bounce from there or [snorts] whether we're we're going to we're going to bounce from here and first test the level to the upside.

[00:05:25]Um so, in in terms of timing, it's difficult to say at the moment, unfortunately. Maybe later today it won't be and I'll publish a middle-of-the-day market update. Uh but for now, I'd say focus on those two levels and generally, I'd say it's most likely that we're going to be, you know, slightly bearish to neutral here.

[00:05:41]Um so, those are my thoughts. I think that's what you need to know going into the weekend. Thank you for watching, everybody. Take care and bye.