Traders Snap Up Bitcoin on the Dip—Can the Weekend Bring Further Gains?

Bitcoin Rebounds to $84K After Drop to $78K, But Weekend Volatility Looms

Bitcoin (BTC) staged a partial recovery on Friday morning, climbing back to $84,000 after briefly dipping to $78,000 overnight. However, despite this bounce, BTC remains down more than 15% from last week’s levels, as market uncertainty continues to weigh on sentiment.

The Crypto Fear & Greed Index reflected the market’s nervousness, plunging to 10 overnight—a level not seen since the depths of the 2022 bear market. While it has since rebounded to 16, it remains deep in “extreme fear” territory, a stark contrast to last week’s 55 (“greed”). The index hasn’t entered “extreme greed” territory (above 75) since Trump’s inauguration.

The broader CoinDesk 20 Index also remains in the red, down around 2% over the past 24 hours. Among major cryptocurrencies, Solana (SOL) stands out, gaining 5% following the CME Group’s announcement of upcoming SOL futures. Still, SOL remains down 36% this month, showing the extent of the ongoing correction.

All Eyes on the Weekend: More Pain or a Surprise Rally?

While traditional markets shut down for the weekend, crypto never sleeps—a fact that often leads to increased volatility when liquidity is lower.

Recent trends suggest that weekends have not been kind to Bitcoin. According to Standard Chartered’s Geoff Kendrick, BTC has faced consistent weekend declines, with sellers overwhelming buyers during low-volume trading periods. Last weekend offered a brief respite, but the broader trend remains bearish.

This time, traders are also watching President Trump’s aggressive trade policies. His administration has confirmed that punitive tariffs—25% on Mexico and Canada, 10% on China—will take effect on Tuesday. With risk assets already on edge, the question is whether the market has fully priced in the impact, or if more downside is ahead.

However, a contrarian case can be made for a potential relief rally. If any positive trade developments emerge, or if markets perceive the tariffs as less damaging than feared, Bitcoin could stage a sharp rebound. After a brutal week, short sellers may find themselves in the most vulnerable position.

As uncertainty looms, traders should prepare for a potentially turbulent weekend ahead.

Expect the unexpected.

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