Bitcoin Stalls at $87,000 Amid Whale Profit-Taking and Sell Walls

Bitcoin's push towards $87,000 has stalled for the second time in two weeks, with analyst Ali Martinez attributing the halt to whale profit-taking of more than 30,000 BTC. Martinez suggests a pullback to $82,500 could create a buying opportunity if large holders resume accumulation.

Order book data shows dense sell walls at $86,900, $87,700, and $88,000 standing between Bitcoin and $90,000. Technical indicators remain supportive but not yet overbought, while weekly charts suggest a bull flag breakout may still have room to run.

Bitcoin's latest attempt to break decisively above $87,000 has faltered, leaving traders to weigh whether the cryptocurrency is consolidating for a stronger move higher or setting up for a pullback toward the lower end of its recent trading channel.