Spoofing Pushes Bitcoin Price Down as $100,000 Remains Out of Reach

Bitcoin approached a “pivotal low” on Nov. 24 as manipulative traders worked to keep the $100,000 milestone out of reach. Data from Cointelegraph Markets Pro and TradingView showed BTC price action moving closer to $97,000. After struggling to break through sellers just below $100,000, BTC/USD experienced order book “spoofing” over the weekend. This involved ask liquidity walls designed to push the market lower toward support. “Ask liquidity moving lower with price $99.5K–$99K (ask walls). Fresh ask wall right above price here which likely was removed already ~ Spoofing on the ask,” explained Skew, a popular trader, in his latest analysis