- Bitcoin is nearing $100K but faces resistance from a supply zone, potentially stalling its rally
- BTC could retrace to demand zones or dive deeper to capture liquidity before a rebound
- A fake-out at the supply zone might trap short sellers and propel Bitcoin beyond $100K
Bitcoin is knocking on the door of a historic milestone—$100,000. But before we pop the champagne, let’s take a closer look. On the M15 chart (that’s the 15-minute timeframe for those new to trading), BTC’s structure appears bearish.
This could mean that Bitcoin might not hit $100K as smoothly as many hope.
If you want to see our results, check out the previous analysis and compare it with this “after.”
What’s Holding Bitcoin Back?
Right now, Bitcoin is approaching a supply zone. For anyone unfamiliar, a supply zone is a price level where sellers previously stepped in, causing the market to drop. These zones often act as resistance, and Bitcoin could react here, stalling before reaching that coveted six-figure mark.
If the bears take control, BTC might retrace to one of the nearby demand zones. Demand zones, the opposite of supply zones, are areas where buyers previously flooded in, pushing prices higher.
These levels are like cushions for the price—they could provide support and spark a bounce back toward $100K.
The Liquidity Factor
But what if Bitcoin doesn’t hold these demand zones? It might dive deeper, targeting liquidity pools left below. In smart money trading, liquidity refers to areas where stop-loss orders and pending buy/sell orders are clustered.
These zones are magnets for the market because they provide the volume big players need to execute trades efficiently.
Bitcoin could drop further, grab this liquidity, and then reverse direction. Sounds sneaky? That’s the market for you—always a game of cat and mouse.
A Fake-Out to Watch
Here’s another possibility: Bitcoin could fake a reaction at the supply zone. It might entice traders to short (bet against the market) only to turn around, smash through resistance, and finally breach the $100K barrier. A classic bear trap, if you will.
So, What’s Next?
All these scenarios highlight the unpredictable nature of Bitcoin’s price movements. It might soar, dip, or dance around these levels for a while. What’s certain is that we’re in a high-stakes moment that demands careful observation.
Disclaimer: This analysis is for informational purposes only. It’s not financial advice, so always do your research and trade responsibly.
Bitcoin is playing chess, not checkers. What’s your next move?
