On November 24, Bitcoin (BTC) was approaching a “pivotal low” as manipulative traders aimed to keep the price below $100,000. The price of BTC/USD was around $97,000, and in illiquid hours, bots were being triggered to sell, which caused lower prices. Skew, a popular trader, explained that this “spoofing” often forces bots to sell, leading to lower prices.
Meanwhile, other analysts believed that Bitcoin could reach as high as $175,000 by the year 2025.
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