Bitcoin is currently experiencing significant price manipulation, with analysts indicating that the price is capped just below $90,000 due to large-volume trades from prominent market participants or ‘whales.’ According to Material Indicators, trading behavior has kept Bitcoin's price around $87,500 by placing substantial blocks of ask liquidity on exchanges, essentially a tactic known as ‘spoofing.’ Despite Bitcoin maintaining support around $80,000, attempts to surpass the $87,500 mark have been thwarted by these manipulative practices. Additionally, some traders state that Bitcoin must hold the $84,000 to $85,000 range to sustain upward momentum, emphasizing the importance of strong buying interest in this price area. Without this support, there is a risk of retreating to lower liquidity zones, which could destabilize the market further. Going forward, bulls are trying to flip key moving averages into support at approximately $85,000. Investors are advised to conduct thorough research before making decisions in the volatile market.

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