Bitcoin price is nearing $100,000, facing significant sell walls totaling $300 million. Persisting rejections at this milestone have traders speculating about the potential impact once it is crossed. A review of the BTC/USD daily chart highlights a dense sell order wall at $100,000 and $103,000. Analysts suggest that with Bitcoin ETFs inactive over weekends, there may be opportunities for dip buying. There is currently a notable short trader pressure at $99,500, with many positions heavily leveraged, which could lead to rapid price movement if liquidations occur. Additionally, a strong buying interest has been observed at Coinbase, where Bitcoin trades at a premium. CME futures are aligned closely with spot market prices, indicating a potential bullish sentiment that could push Bitcoin past the $100,000 mark. Overall, the market dynamics point toward both challenging resistance and emerging buying signals.

Source 🔗