The 100K Magnet: Bitcoin Can’t Resist This Zone!!!🧲🧲Bitcoin is aggressively climbing, and the chart makes one thing very clear, the red zone above is acting like a powerful magnet pulling price toward it.
Here’s why:
1️⃣ 100k Round Number
Major round numbers always attract liquidity. Traders, algorithms, and even long-term investors pay attention to them, making 100,000 a natural magnet for price.
2️⃣ Supply Zone
This area hosted heavy selling in the past, meaning there’s unfilled liquidity sitting there. Markets tend to revisit such zones to rebalance orders.
3️⃣ Major Resistance Zone
Historically, this level acted as a ceiling multiple times. What was once previous resistance often turns into the next major test.
With all three factors stacked together, the entire zone becomes a high-gravity area, and BTC tends to get "pulled" toward such confluences.
🏹As long as BTC maintains its short-term momentum, a retest of this magnet zone becomes the most likely scenario. After that? The reaction will reveal whether the bulls can finally break through, or get rejected again.
Will Bitcoin reclaim the magnet zone this time? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
