Bitcoin (BTC) continues its impressive rally as it approaches critical price levels such as $90,000 and $100,000. These levels represent strategic options that could significantly influence Bitcoin's trajectory, potentially leading to new market trends.
Market makers are currently facing challenges in navigating their long positions within these price ranges. According to analysts, this could result in rangebound activity, where Bitcoin's price fluctuates between defined levels without significant breakout or breakdown.
The presence of options at these levels indicates that both bullish and bearish scenarios could develop, making the market dynamics complex and potentially volatile.
