What’s Trapping Bitcoin (BTC) Below $100K? Analysts Break It Down

Bitcoin (BTC) opened the year strong but remains locked below the $100,000 level. The current price action is caught in a narrow range, with several key levels keeping it in place. Traders are now watching for signs that the market is ready to break out.

Dealer Hedging Keeps Price Contained

Crypto Rover said Bitcoin is being “mechanically suppressed” by dealer hedging. In this setup, dealers are managing risk by selling into rallies and buying dips. This activity has kept the price locked between $90,000 and $95,000. At the top, $100,000 remains a major resistance.