The price of Bitcoin is currently facing downward pressure due to manipulative strategies used by whales on the Binance platform. Spoofy the Whale is notably manipulating liquidity to suppress Bitcoin prices, which are capped at 87,500 USD. Without enough demand above 90,000 USD, BTC could remain stagnant.

Traders emphasize the significance of maintaining support levels between 84,000 and 85,000 USD to prevent a drop into lower liquidity zones. Currently, Bitcoin is poised around 84,191 USD, which requires ongoing bullish momentum to ensure stability in price action.