Bitcoin experiences volatility, hitting $83,000 and recovering from $81,600 low, traders eye potential gaps.

From Cointelegraph

March 30, 2025 09:12 AM:

Bitcoin (BTC) experienced volatility, hitting $83,000 on March 30 and recovering from a low of $81,600. The weekend saw no added selling pressure from US stock markets, with BTC erasing most of the downside. Traders eye potential gaps in CME futures markets and predict a “big week” ahead.

Trader Peter Brandt doubts BTC’s short-term stability, citing a bear wedge pattern with a lower price target of $65,635. Keith Alan suspects a large entity, “Spoofy, The Whale,” manipulated BTC price action lower. Spoofing involves bid and ask liquidity to suppress prices, but Alan sees signs of buying interest at $78k.

Alan notes that Spoofy has been buying the dip and believes there is reason for optimism despite the potential for BTC price to go lower. This article does not provide investment advice, and readers should conduct their own research before making any decisions.

Read more at Cointelegraph: $65K Bitcoin price targets pile up as ‘Spoofy the Whale’ buys the dip