The Key Factors Trapping Bitcoin Below $100K
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Bitcoin trades below $100K as dealer hedging, resistance zones, and CME gaps keep price range-bound ahead of key January option expiry.
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.
Rover pointed out that many options expire later in January. That could be the trigger for the next move. Until then, the hedging may keep the price range tight. Bitcoin has tested both sides of this zone but hasn’t shown a clear direction.
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