Bitcoin

Bitcoin's Range Game: Stuck Between 90K and 100K

There's a clear resistance level at $100,000 (red horizontal line)
Three recent rejections from the 100K level (marked with red circles)
We have a support zone around $90-92K (marked in green)
The market has been making higher lows since November, indicating an overall bullish trend.
Recent price action shows formation of liquidity pools above 100K
Multiple attempts to break 100K suggest accumulation at these levels
The quick rejections from 100K could indicate stop-loss hunting by larger players
Volume profile (shown at bottom) indicates decreased volume during recent moves
Short-term (1-2 weeks):

Likely consolidation between :92 K-100K range
100K remains a significant psychological resistance
Watch for false breakouts above 100K which could trap retail buyers

Mid-term (1-3 months):

Bullish bias as long as 90K support holds
Potential for a decisive break above 100K after sufficient accumulation
Key to watch institutional flow and spot market demand

Long-term (6+ months):

Overall structure remains bullish with higher lows
100K level likely to be broken after sufficient consolidation
Major support zone at $90-92K needs to hold for continued uptrend

Key levels to watch:

Major resistance: $100,000
Current support: $92,000
Critical support: $90,000

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