Bitcoin is flirting with the $100,000 mark but keeps facing resistance. Analysts point to a thick wall of sell orders around $100,000 and $103,000, making it tough for BTC to break through. Skew, a crypto analyst, notes that while buyers are pushing higher, there's still a lot of supply at this level.
Material Indicators suggest potential dip buying opportunities over the weekend, as Bitcoin ETFs pause. Meanwhile, CoinGlass data shows short traders are vulnerable at $99,500, especially those using high leverage. A push from futures or spot markets could trigger quick liquidations, possibly propelling BTC past $100,000. Traders are keeping a close eye on the Coinbase premium and CME futures, which hint at bullish momentum.