#BTCRebound Bitcoin’s (BTC) price has responded positively to improving macroeconomic conditions, reclaiming the $85,000 level for the first time since April 2. This rebound follows a volatile period during which BTC briefly dipped below $80,000.

In light of the recovery, renewed optimism has sparked fresh calls for a potential rally toward the $100,000 mark. Despite the bullish sentiment, it does not appear that BTC will see a quick return above $100,000. Here is why.$BTC Apart from this SSR, the In/Out of Money Around Price (IOMAP) is another indicator that Bitcoin’s price might continue to wobble close to $85,000.

The IOMAP is an on-chain metric that shows how many addresses are profitable (in the money) or unprofitable (out of the money) based on their buying price compared to the current price of a crypto asset.

It also tells you where support or resistance might form. The big “in the money” zones below signifie strong support.

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On the other hand, higher volume “out of the money” zones above equal possible resistance. According to IntoTheBlock, the major resistance for Bitcoin’s price lies between $96,155 and $98,719.

Bitcoin price resistance

Bitcoin In/Out of Money Around | Credit: IntoTheBlock

At this price range, 1.48 million addresses have 1.19 million in unrealized losses. Therefore, if Bitcoin’s price tries to approach this range, it could face a sell wall that could push it back.