{"id":10036,"date":"2025-03-21T08:59:28","date_gmt":"2025-03-21T07:59:28","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=10036"},"modified":"2025-03-21T08:59:28","modified_gmt":"2025-03-21T07:59:28","slug":"the-limitations-of-bitcoin-why-its-price-struggles-to-surpass-87-5k","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/21\/the-limitations-of-bitcoin-why-its-price-struggles-to-surpass-87-5k\/","title":{"rendered":"The Limitations of Bitcoin: Why Its Price Struggles to Surpass $87.5K"},"content":{"rendered":"

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Bitcoin (BTC<\/a>) is being restricted at $87,500 due to manipulation by one or more large investors, new analysis suggests.<\/p>\n

The latest market analysis<\/a> from trading resource Material Indicators on March 20 illustrates the reason BTC\/USD is ensnared in its existing range.<\/p>\n

\u201cSpoofy the whale\u201d blamed for BTC price confinement<\/h2>\n

Bitcoin has successfully maintained $80,000 as support for more than a week while reaching two-week peaks<\/a> of $87,500 as of March 20.<\/p>\n

Despite experiencing broad fluctuations across risk assets, BTC\/USD might have risen even higher had it not been for the actions of high-volume trading entities on exchange order books.<\/p>\n

Analyzing global trading platform Binance, Material Indicators posited that shifting blocks of sell liquidity above the price were keeping it anchored within a specific zone \u2014 a typical manipulatory tactic<\/a> referred to as \u201cspoofing,\u201d which has frequently been employed by whales previously.<\/p>\n

\u201cIf you are curious why Bitcoin hasn’t been able to surge beyond $87.5k yet, the cause is price suppression from Spoofy the Whale,\u201d it concluded in a post on X.<\/p>\n

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BTC\/USDT order book liquidity data. Source: Material Indicators\/X<\/em><\/p>\n<\/figcaption><\/figure>\n

An accompanying graph indicates that the liquidity in question currently exists at $89,000. It likewise monitors investor order categories, showcasing all except the largest \u201cwhale\u201d trades distributing.<\/p>\n

In discussing the data, Material Indicators suggested<\/a> that support at the recent multi-month lows of $76,000 was inadequate as a solid market floor.<\/p>\n

Bitcoin bulls continue the fight for crucial trend lines<\/h2>\n

Meanwhile, popular trader Daan Crypto Trades mentioned that the current low-timeframe zone of interest at $84,000 was vital for bulls moving ahead.<\/p>\n

Related: <\/strong><\/em>Bitcoin futures ‘deleveraging’ wipes $10B open interest in 2 weeks<\/strong><\/em><\/a><\/p>\n

\u201cThe bulls need to maintain the $84K-$85K range to sustain the momentum. Otherwise, you’re at risk of revisiting those lower liquidity clusters that could result in a full retracement as the price remains volatile,\u201d part of his X post elucidated<\/a>.<\/p>\n

\u201cThe local market structure is attempting to transition into a minor uptrend, but the bulls must intervene and maintain it or it will merely be a swift deviation\/stop hunt.\u201d<\/p><\/blockquote>\n

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BTC\/USDT liquidation heatmap. Source: Daan Crypto Trades\/X<\/em><\/p>\n<\/figcaption><\/figure>\n

Daan Crypto Trades emphasized further attention<\/a> on the 200-day simple moving average (SMA) and exponential moving average (EMA), significant bull market trendlines<\/a> that bulls are currently attempting to convert into support around $85,000.<\/p>\n

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BTC\/USD 1-day chart. Source: Daan Crypto Trades\/X<\/em><\/p>\n<\/figcaption><\/figure>\n

This article does not contain financial advice or recommendations. Every investment and trading action bears risk, and readers should conduct their own investigation prior to making a decision.<\/p>\n