{"id":125527,"date":"2025-03-21T07:18:04","date_gmt":"2025-03-21T07:18:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125527"},"modified":"2025-03-21T07:18:04","modified_gmt":"2025-03-21T07:18:04","slug":"heres-why-bitcoin-price-cant-go-higher-than-87-5k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125527","title":{"rendered":"Here\u2019s why Bitcoin price can\u2019t go higher than $87.5K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) is being capped at $87,500 thanks to manipulation by one or more whales, new analysis says.<br \/>\nThe latest market coverage by trading resource Material Indicators on March 20 reveals why BTC\/USD is stuck in its current range.<br \/>\n\u201cSpoofy the whale\u201d gets blame for BTC price range<br \/>\nBitcoin has managed to sustain $80,000 as support for more than a week while hitting two-week highs of $87,500 on March 20.\u00a0<br \/>\nDespite following broad volatility across risk assets, BTC\/USD may have gone even higher were it not for maneuvers of large-volume trading entities on exchange order books.<br \/>\nLooking at global trading platform Binance, Material Indicators argued that shifting blocks of ask liquidity above price were keeping it pinned in a specific area \u2014\u00a0a classic manipulatory device known as \u201cspoofing,\u201d which has often been used by whales in the past.<br \/>\n\u201cIf you are wondering why Bitcoin price hasn&#8217;t been able to rally past $87.5k yet, the reason is price suppression from Spoofy the Whale,\u201d it summarized in a post on X.<br \/>\nBTC\/USDT order book liquidity data. Source: Material Indicators\/XAn accompanying chart shows that the liquidity in question currently sits at $89,000. It also tracks investor order classes, showing all but the largest \u201cwhale\u201d transactions distributing.<br \/>\nDiscussing the data, Material Indicators hinted that support at the recent multimonth lows of $76,000 was insufficient as a firm market floor.<br \/>\nBitcoin bulls keep up battle for key trend lines<br \/>\nMeanwhile, popular trader Daan Crypto Trades said that the current low-timeframe area of interest at $84,000 was essential for bulls going forward.<br \/>\nRelated: Bitcoin futures &#8216;deleveraging&#8217; wipes $10B open interest in 2 weeks<br \/>\n\u201cThe bulls would want to hold on to the $84K-$85K region to keep the momentum. Otherwise you&#8217;re at risk of visiting those lower liquidity clusters which then can end up in a full retrace as price is still choppy,\u201d part of his own X post explained.<br \/>\n\u201cLocal market structure is trying to shift to a small uptrend but the bulls need to step in and keep it that way or it will just be a quick deviation\/short stop hunt.\u201d<br \/>\nBTC\/USDT liquidation heatmap. Source: Daan Crypto Trades\/XDaan Crypto Trades paid additional attention to the 200-day simple moving average (SMA) and exponential moving average (EMA), key bull market trendlines that bulls are currently in the process of trying to flip to support at around $85,000.<br \/>\nBTC\/USD 1-day chart. Source: Daan Crypto Trades\/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/why-bitcoin-price-cant-go-higher-than-87-5-k?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) is being capped at $87,500 thanks to manipulation by one or more whales, new analysis says. The latest market coverage by trading resource Material Indicators on&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125527"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125527"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125527\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125527"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}