From Cointelegraph
March 21, 2025 02:34 am:

Bitcoin (BTC) is being capped at $87,500 due to manipulation by whales, analysis shows. Despite hitting highs of $87,500, BTC/USD remains stuck in a range. Large-volume trading entities are suppressing the price with manipulative tactics like spoofing.

Material Indicators data reveals liquidity at $89,000 is keeping Bitcoin pinned. Investor order classes show mostly small transactions, hinting at weak support at $76,000. Bulls are fighting to maintain key trend lines at $84,000 to $85,000 to prevent a full retrace.

Trader Daan Crypto Trades emphasizes the importance of the $84,000 to $85,000 region for bullish momentum. Bulls need to hold key trend lines at $85,000 to continue the uptrend. Attention is on the 200-day SMA and EMA to flip to support around $85,000. Risk and research are advised for investment decisions.

Read more at Cointelegraph: Here’s why Bitcoin price can’t go higher than $87.5K