What’s preventing Bitcoin from hitting $100K again?
TLDR: Bitcoin (BTC) is around $89,000, roughly 10.62% below $100,000, and is capped more by macro and positioning than by “lack of narrative.”
Macro and liquidity are still restrictive: total crypto market cap is down about 16.27% year on year and 24‑hour volume about 49.3% lower, so there is less risk-on fuel behind a breakout.
The 95,000–100,000 zone is crowded resistance, lining up with big holder cost basis, key moving averages, and options dealer hedging that repeatedly pins BTC in a 90,000–95,000 range.
Demand is uneven: leverage and ETFs matter, but retail and broad spot flows are patchy, so current moves look like consolidation and accumulation, not the kind of aggressive spot bid that usually drives clean breaks through psychological levels.
Source: Binance News / Bitdegree / #CoinMarketCap
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