Bitcoin is encountering significant resistance at the $100,000 mark due to a $129.9 million gamma wall created by options contracts. This barrier requires a $574 million net buy to overcome, as market makers sell Bitcoin to hedge their positions, creating selling pressure that absorbs buying demand. Currently trading around $97,529, Bitcoin's recent upward momentum has traders optimistic, but historical patterns suggest a potential correction. The likelihood of a breakout within one day is low at 2.2%, though it increases to 80% over the next 30 days, indicating Bitcoin may remain range-bound until sufficient liquidity enters the market.