Bitcoin's price is facing resistance at $87,500, with analysts pointing to possible manipulation by large traders, known as "whales." According to Material Indicators, these traders are using a tactic called "spoofing" on platforms like Binance to keep Bitcoin within a specific price range. This involves placing large sell orders to create the illusion of high supply, preventing the price from rising. Despite Bitcoin maintaining support at $80,000, traders are eyeing the $84,000-$85,000 range as crucial for sustaining upward momentum. Key trendlines like the 200-day SMA and EMA are also in focus for potential support.