Bitcoin (CRYPTO: BTC) is slowly pushing up to $100,000, but traders warn the zone offers little clarity on near-term bullish or bearish direction.

Bitcoin’s Key Price Zones

Analyzing on-chain data, trader Snow said Bitcoin’s swift rally from roughly $89,000 to $97,000 created a false sense that the market had cleared major resistance.

According to Snow, the move occurred largely because resistance was thin, not because of underlying strength.

The $100,000 area, by contrast, is described as a dense liquidity zone where both long and short positions are frequently trapped. Snow characterized it as a control area designed to generate choppy price action, false breakouts, and stop hunts.

Snow…

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