Bitcoin is currently facing resistance around the $100,000 price level, with recent trading activities indicating manipulative tactics such as 'spoofing.' This has led to the price action hovering near $97,000. Manipulative traders have been using walls of ask liquidity to entice market movements lower, causing increased sales pressure. On November 22, record profits were realized as Bitcoin reached an all-time high of $99,800, amounting to $443 million. Analysts are noting elevated unrealized profit levels at 57%, approaching the March 2024 peak of 69%, suggesting a likelihood of a price correction. However, there remains a bullish outlook from some analysts, with projections suggesting Bitcoin could reach $175,000 by 2025, contingent on continued positive trends. Overall, while sellers have kept Bitcoin prices from surpassing $100,000, the market dynamics remain complex and closely observed.

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