Bitcoin (BTC) is approaching a “pivotal low” as traders try to prevent the price from reaching $100,000. Data from Cointelegraph Markets Pro and TradingView reveals that BTC price action is moving closer to $97,000. After struggling to break through sellers below $100,000, BTC/USD saw order book “spoofing” return to exchanges, with walls of ask liquidity being placed to entice the market lower towards support.
Popular trader Skew explained that this spoofing often forces bots to sell, leading to lower prices. On the other hand, analyst Caleb Franzen maintains a $175,000 BTC price target for 2025, describing the Bitcoin bull market as “right on schedule.”
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<p>The post Bitcoin Approaching Pivotal Low as Manipulative Traders Keep $100K Out of Reach first appeared on CoinBuzzFeed.</p>
