Bitcoin is expected to surpass $35,000 as it consolidates higher over the weekend.
BTC price support held at $34,000, indicating a short-term price floor.
Traders are eyeing potential upside continuation, with key levels to watch at $34,314, $34,714, and $35,119.
Strong volume and a lack of desire to sell at current levels are contributing to Bitcoin’s trajectory.
The proximity of the CME Bitcoin futures closing price and the 200-period exponential moving average (EMA) are also being monitored by traders.
Some traders are considering hedge shorts if Bitcoin loses $34,100, while others remain bullish as long as it stays above $33,000.
