Bitcoin is navigating a crucial phase as it nears a "pivotal low" around $97,000, with traders employing tactics to keep it from reaching the $100,000 mark. Over the weekend, "spoofing" activities, where traders place large sell orders to drive prices down, were observed. Despite this, bid liquidity is noted at $95,000, with $97,300 being a key support level. Long-term holders recently saw record profits as Bitcoin hit new highs. Analyst Caleb Franzen remains optimistic, maintaining a $175,000 target for 2025, suggesting the bull market is progressing as expected.