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