Bitcoin (BTC) circled $26,500 into the Sep. 17 weekly close after new September highs gave way to calmer conditions.

Bitcoin saves volatility for weekly close

Data from Cointelegraph Markets Pro and TradingView showed BTC price performance stabilizing over the weekend.

The largest cryptocurrency had seen a trip to $26,880 two days prior, this marking its highest levels of the month so far.

Summarizing the state of the Binance BTC/USD order book, popular trader and analyst Credible Crypto noted that a cluster of bid liquidity was buoying the market.

“Some seller absorption happening here- this level being defended atm,” he wrote in part of accompanying comments on X (formerly Twitter).

Some seller absorption happening here- this level being defended atm. Not much below it so if lost would probs see a nice flush to downside targets. Been fun watching this but going to call it a night. Let’s see what tomorrow brings. Hopefully a slow weekend so we can just chill… https://t.co/NFD7qcfAnC pic.twitter.com/4gWXpEDfsX

— CrediBULL Crypto (@CredibleCrypto) September 16, 2023

Amid consolidatory movement, fellow trader Crypto Tony eyed two potential scenarios — with $26,000 still holding as support regardless.

“I am still looking for that dip down to $26,100 and a bounce for a long trigger,” he told X subscribers on the day.

“Either that or if we just reclaim $26,600 highs i will look to long.”