Why is there so much resistance for Bitcoin reaching $25,000

[Ojima-ojo]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.

This has happened several within the last one two weeks and this action has called for more speculation from spectators on what direction the price will go, just as there have been financial instability in the global economy will Bitcoin follow the same pattern as the traditional economy or will it break out in the face of uncertainties to move beyond the 25k BTC price.

[ginsan]

two big bumps to the $25k level and it hasn't been strong enough to hold on to the $25k level as I suspect some are targeting profit at that point so the hard spike happened in seller options at $25k. We are entering a weekend where normal things can happen during the sales phase which is more dominant if we observe.

maybe the closing price this february will be around the $24k level because some of the big orders I see are at $21k or $22k so that could trigger a strong push for traders to see higher prices when the pump comes. this was a pretty good entry rally after two rejections in the $25k area.

[Falconer]

After down to the lowest level in 2022, I think a good increase has occurred in early 2023 to this February. I don't expect the price to always go up without a correction, and it's very difficult. After all, fluctuations like this are always normal in the market although many people wish the $25K was held for a longer period. But in my opinion, dip only gives good hope for traders when they want to enter for long-term goals.

[cabron]

$25k is also the resistance back in Aug 2022.
I think it will break that $25k in a few weeks. The rally hasn't reached its peak yet It's possible to go $30k but then you got to prepare also when it falls. Good time to keep trading on the spot market just to accumulate a few satoshis. Once the market passes that resistance, it could become support line also.

[uneng]

Too many investors setting their exist points between 24,000$ and 25,000$ don't let bitcoin surpass the mark. Demand for bitcoin is still weak, possibly due to fear and pessimism. On the other hand, it could be simply due to the fact whales don't want bitcoin to reach 25,000$ for now, so they constantly dump btc price through sell orders once the market gives signals of becoming bullish.

[Ojima-ojo]

$25k is also the resistance back in Aug 2022.
I think it will break that $25k in a few weeks. The rally hasn't reached its peak yet It's possible to go $30k but then you got to prepare also when it falls. Good time to keep trading on the spot market just to accumulate a few satoshis. Once the market passes that resistance, it could become a support line also.

May history is repeating itself this time, and I am also hoping that the $25,000 price benchmark will be achieved in the next coming weeks but we can't as when to be precise and at what point since the attempt has been made on several accessions before it resists downward again.

Volatility and bear market resistance has forced Bitcoin to rely on below 25k for a while now but I know when it breaks the benchmark it will not return to that assist for a long time to come even before the next halving.

[Falconer]

May history is repeating itself this time, and I am also hoping that the $25,000 price benchmark will be achieved in the next coming weeks but we can't as when to be precise and at what point since the attempt has been made on several accessions before it resists downward again.

Volatility and bear market resistance has forced Bitcoin to rely on below 25k for a while now but I know when it breaks the benchmark it will not return to that assist for a long time to come even before the next halving.

Currently $25K has become the resistance which is expected to be broken and last longer. Of course it's not as easy as we hope, but anything is possible when traders and investors both want the same thing. I expect $24K to be sustained this February so passing $25K in March is very likely.

But for today's correction, I think holding is still the best option, but if you have enough funds that you previously saved from DCA then it's time to make a purchase.

[Ryu_Ar1]

At the moment, the condition can't be said to be good, but I don't think it's bad either.
The current condition by touching $25k could be a start and there will be a continuation for the next increase because $28k-$30k is still possible in my opinion.
It's just that in this condition vigilance must still be exercised, because this could be like a ticking time bomb while in that area and they will decline again.
Keep calm and enjoy is actually the best way

[capedbaldy]

Currently $25K has become the resistance which is expected to be broken and last longer. Of course it's not as easy as we hope, but anything is possible when traders and investors both want the same thing. I expect $24K to be sustained this February so passing $25K in March is very likely.

But for today's correction, I think holding is still the best option, but if you have enough funds that you previously saved from DCA then it's time to make a purchase.

However, it is difficult to maintain the $24k price until the end of this month, the impact of the downside is significant and now the price has touched below $23k and will probably be closer to $20k, but no one can predict exactly and it could be that things change and the price recovery will come back at a price of $25k.

I don't think it's time to buy bitcoin at this low price, maybe $20k will be the next DCA target, but whatever price you buy expect to weigh your decision and do some research.

[South Park]

Too many investors setting their exist points between 24,000$ and 25,000$ don't let bitcoin surpass the mark. Demand for bitcoin is still weak, possibly due to fear and pessimism. On the other hand, it could be simply due to the fact whales don't want bitcoin to reach 25,000$ for now, so they constantly dump btc price through sell orders once the market gives signals of becoming bullish.

There is nothing special about the 25k level, it is just as you state, the demand for bitcoin to go past it is not there while there are too many sellers close to that level, and at least for now it does not seem as if we will go past that price as now bitcoin is even having problems keeping itself above 23k, however I would not worry about this as it is unlikely the bears have too much strength left either and the price could recover in just a few days.

[hatshepsut93]

Because people are taking profits, if they bought at $16k or $17k, selling at $24-25k is a pretty good deal, making 50% profit in a few months is a very good performance. This isn't the big bull market that will break past the ATH, such market will come after the halvening, not before. So there's no big risk of missing out if you sell at a profit now, there's still plenty of opportunities to buy before the halvening. Although the safest strategy is to just wait now, but many traders like to perform these short-term trades.

[dansus021]

Because people are taking profits, if they bought at $16k or $17k, selling at $24-25k is a pretty good deal, making 50% profit in a few months is a very good performance. This isn't the big bull market that will break past the ATH, such market will come after the halvening, not before. So there's no big risk of missing out if you sell at a profit now, there's still plenty of opportunities to buy before the halvening. Although the safest strategy is to just wait now, but many traders like to perform these short-term trades.

Yep this dude has a good point event I already take a profit a little when buy at 17K. Maybe some people take profit on that area.
External Factors may be we need to see at least settle on the inflation rate, interest rate and etc.

Technical Site the price need to test the new support at 23K although is very good that we already broke the EMA 200 and followed by golden cross of EMA 100 and the price remain stable above that price

[ilovealtcoins]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.

This has happened several within the last one two weeks and this action has called for more speculation from spectators on what direction the price will go, just as there have been financial instability in the global economy will Bitcoin follow the same pattern as the traditional economy or will it break out in the face of uncertainties to move beyond the 25k BTC price.

As of now, bitcoin is up more than 50% since the bottom, which is a great thing, and a lot of people have made a profit if they bought bitcoin for under $20k. You should not be too greedy when you want bitcoin to only increase continuously and without correction. Bitcoin's price drop is obvious and many people are waiting for it to correct to a good price to buy, while you feel uncomfortable.

[Cuenta Alternativa]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.

Look. Forget about the noise and take advantage of these moments to accumulate. People look back and think, 'I wish I could have bought at $1,000 or $100!'. In the same way people will look back tomorrow and think I wish I could have bought around $20,000. Better to focus on this perspective than on whether it takes longer or shorter to break $25,000.

[michellee]

I just think that the time for bitcoin to start increasing over $25k hasn't come yet for the bitcoin price to drop back down to the lows we've seen before. But when the time comes, we'll see a long rally and the price will go above $25k. Again, there's no telling when it could go over $25k and we can only wait and hope it will happen soon so we can start to see the value of our investment grow. So, for now, just enjoy the moment and don't be left behind to buy more bitcoins.

[tabas]

Since we have seen bitcoin reached $25k and it's like the top of this cycle, every analysis that I've seen is basing there for the next uptrend. If ever bitcoin breaks $25k and pass that price, the tendency of it to reach another top is high. That's what the speculations that I've been reading thus, it will be falling behind and more likely be back under $20k once again.
The situation now is necessary to happen and it's still part of the accumulation period that the market is setting before a quick skyrocketing becomes on set.
Also, we'll never know where the market is leading until the end of the year but we've got some patterns left prior to halving. 

[cryptomaniac_xxx]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.

This has happened several within the last one two weeks and this action has called for more speculation from spectators on what direction the price will go, just as there have been financial instability in the global economy will Bitcoin follow the same pattern as the traditional economy or will it break out in the face of uncertainties to move beyond the 25k BTC price.

Perhaps it was the price that many speculators have set, so when we reach it, automatically sell for them. And after that, there are no buyers or the buyers are outnumbered by the sellers.

And I think the resistance should be in the round numbers like the next one which is $30k.

Although we have some not good news coming from the FEDs, that's why the price is again below $24k. But hopefully next month we will see at least the price hovering to $25k and maintain it. So we just need to have patience.

[Ojima-ojo]

Because people are taking profits, if they bought at $16k or $17k, selling at $24-25k is a pretty good deal, making 50% profit in a few months is a very good performance. This isn't the big bull market that will break past the ATH, such market will come after the halvening, not before. So there's no big risk of missing out if you sell at a profit now, there's still plenty of opportunities to buy before the halvening. Although the safest strategy is to just wait now, but many traders like to perform these short-term trades.

Yep this dude has a good point event I already take a profit a little when buy at 17K. Maybe some people take profit on that area.
External Factors may be we need to see at least settle on the inflation rate, interest rate and etc.

Technical Site the price need to test the new support at 23K although is very good that we already broke the EMA 200 and followed by golden cross of EMA 100 and the price remains stable above that price

I also see the very good point in that and what most people don't understand is that there is always a difference between a regular trader and a holder since some steel hand that bought around the 17k-18k region will not be looking at the price when it gets to 25k.

But as a regular trader, taking profits I quite a good way to grow capital and trading between the line can earn passive profits during this period of high market volatility.

[Husires]

Because it is difficult to break two resistance levels in a short period, do not forget that a few weeks ago we were at a historical resistance level at 19k, and before that the price was in the range of 17k, so we broke the resistance level at 19k and at 21K and therefore it is difficult to break the second level .

The good news is that the closer we get to it, the easier it will be to break it. Therefore, it is relatively easy to break the 25k, but it is difficult to break the 28k, and so on.
The image below will explain more

[btc_angela]

Because people are taking profits, if they bought at $16k or $17k, selling at $24-25k is a pretty good deal, making 50% profit in a few months is a very good performance. This isn't the big bull market that will break past the ATH, such market will come after the halvening, not before. So there's no big risk of missing out if you sell at a profit now, there's still plenty of opportunities to buy before the halvening. Although the safest strategy is to just wait now, but many traders like to perform these short-term trades.

Yep this dude has a good point event I already take a profit a little when buy at 17K. Maybe some people take profit on that area.
External Factors may be we need to see at least settle on the inflation rate, interest rate and etc.

Technical Site the price need to test the new support at 23K although is very good that we already broke the EMA 200 and followed by golden cross of EMA 100 and the price remains stable above that price

I also see the very good point in that and what most people don't understand is that there is always a difference between a regular trader and a holder since some steel hand that bought around the 17k-18k region will not be looking at the price when it gets to 25k.

But as a regular trader, taking profits I quite a good way to grow capital and trading between the line can earn passive profits during this period of high market volatility.

Exactly, and that's why there are day or intra day traders, who's willing to take and squeeze some profits and take advantage of the volatility. And for those diamond hands, they are going to hold and accumulate no matter what the price is.

So that's the best and simply explanation, just taking profits at $25k and when they are exhausted and then the bulls started to push it again, then at some point in time we are going to break that barrier, it might take long though, or not going to happen this month.

[gunhell16]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.

This has happened several within the last one two weeks and this action has called for more speculation from spectators on what direction the price will go, just as there have been financial instability in the global economy will Bitcoin follow the same pattern as the traditional economy or will it break out in the face of uncertainties to move beyond the 25k BTC price.

This is a demonstration and proof that no one can say exactly what will happen to what will be the value of bitcoin in the market. Everything will be just the speculation of each individual here in this community.

So the best thing we should do right now is if we want to be sure and not get zero in bitcoin, just save little by little in our wallets. And don't waste the opportunity not to do it.

[_BlackStar]

There are a lot of people take profit at $25K, but I don't think that's the only reason why $25K is hard to hold on to.
Corrections can be expected around the way even though bitcoin has been on the rise since entering 2023. I don't mind a correction because basically it's always possible after jump, and I tend to enjoy this volatility to buy on another dip.

So the best thing we should do right now is if we want to be sure and not get zero in bitcoin, just save little by little in our wallets. And don't waste the opportunity not to do it.

Bitcoin isn't going to be 0, kinda bad to expect it to be. They should realize that prices don't go up forever without reversal behavior, in fact trends can change quickly when the market is influenced by FUD.

[crzy]

Resistance is the price level that is being dictate by the seller and since the buyer didn’t agree on that price level, that’s why the price started to goes down and maybe reach the support level. There are reasons to be consider at the level of $25k resistance, maybe we are not meant to that price level yet just wait for the next corrections and we will see if Bitcoin will retest that level again.

[EarnOnVictor]

I noticed the level too, it has proven itself to be extreme resistance this year, and if broken, Bitcoin might be on its way to $35,000. Unfortunately, if it could not, Bitcoin might tumble below $20,000 and dive towards $15,000 afterwards. Let me believe that this is beyond any economic consideration, it's more technical and in line with the market sentiment.

Traders are not willing to purchase the coin beyond $25,000, which is why it regularly retraces quickly back on reaching a level close to it.

[jaberwock]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.

Look. Forget about the noise and take advantage of these moments to accumulate. People look back and think, 'I wish I could have bought at $1,000 or $100!'. In the same way people will look back tomorrow and think I wish I could have bought around $20,000. Better to focus on this perspective than on whether it takes longer or shorter to break $25,000.

He doesn't seem to be scared but he was only a little annoyed and confused if why is this happening. Some says that it was a manipulation caused by the whales because they can't find any reason for this pull backs. There are no FUDs to be ignored and I think many of us have already bought at a better market price.

Right now, we are only waiting for the bull market to arrive. Anyway, we are already done with the $25k target so people have a little relief now. We now have another target but we aren't really bothered if when we will touch this because we still have an assurance or a limit that if it won't hit by this year, then definitely it will hit by 2024 before or after the BTC halving event.

[fzkto]

Resistance is the price level that is being dictate by the seller and since the buyer didn’t agree on that price level, that’s why the price started to goes down and maybe reach the support level. There are reasons to be consider at the level of $25k resistance, maybe we are not meant to that price level yet just wait for the next corrections and we will see if Bitcoin will retest that level again.

The more often the level is tested, the higher the probability that there will be a serious pullback from this level, because sellers are not selling bitcoin at this price, and the bulls need a consolidation to consolidate under this level in order to go above 25k with renewed vigor. It is not working out yet, but I think that as long as the bulls are not going to give in to the bear, we might have a resistance breakdown.

[dragonvslinux]

I think quite simply it's because this was the highest level from back in August 2022 and Bitcoin hasn't been higher than ~$25K since June 2022, almost 9 months ago. Often a resistance level is respected not because it's some physiological or relevant level, but simply because that's where price was previously rejected from. It also means that when it breaks, price is able to move much higher quite quickly.

[kamvreto]

Last week, Bitcoin price hit a resistance peak of $25K, the highest price for the last six months. However, Bitcoin failed to capitalize on the increased momentum, which is likely related to the US inflation data that exceeded expectations. Opportunities for the Federal Reserve to raise interest rates higher and liquidate a large number of assets in the long term to suppress inflation is getting bigger. According to the US government's Bureau of Economic Analysis (BEA), in January 2023, the Personal Consumption Expenditure Price Index (PCE) reached 5.4%, down from 5.6% in the previous two months to 5.3%.

In the short term, Bitcoin price continues to experience uncertainty directly affected by macroeconomic events and the possibility of a potential interest rate hike at the next FOMC.
However, in the longer term, market participants still expect the price of Bitcoin to rise, especially with more banks and financial institutions turning to digital currency.

https://www.bea.gov/news/2023/personal-income-and-outlays-january-2023

[doomloop]

He doesn't seem to be scared but he was only a little annoyed and confused if why is this happening. Some says that it was a manipulation caused by the whales because they can't find any reason for this pull backs. There are no FUDs to be ignored and I think many of us have already bought at a better market price.

Right now, we are only waiting for the bull market to arrive. Anyway, we are already done with the $25k target so people have a little relief now. We now have another target but we aren't really bothered if when we will touch this because we still have an assurance or a limit that if it won't hit by this year, then definitely it will hit by 2024 before or after the BTC halving event.

It's understandable to feel a little annoyed and confused when we experience unexpected price movements. But market fluctuations are a natural part of any investment space, including cryptocurrencies. Though some may attribute the recent pullback to manipulation by whales, it's difficult to know for sure what the exact cause is.

Setting targets for price movements can be helpful, but you better keep them flexible and adjust them as necessary. It's a great thing if someone can predict a future price movement of a coin but one should also expect that not to happen to avoid unnecessary tensions and problems.

[goaldigger]

I think quite simply it's because this was the highest level from back in August 2022 and Bitcoin hasn't been higher than ~$25K since June 2022, almost 9 months ago. Often a resistance level is respected not because it's some physiological or relevant level, but simply because that's where price was previously rejected from. It also means that when it breaks, price is able to move much higher quite quickly.

That’s a good point, the price of Bitcoin can’t break this level for almost a year now and that resistance becomes more stronger compare to the demand and that’s why we can’t break it yet. Once Bitcoin started a new rally to challenge the resistance, we might have a good chance for the breakout but for now let’s grab this opportunity to analyze and buy more, we might be able to see another pump before the end of 1st qtr.

[lionheart78]

Resistance is the price level that is being dictate by the seller and since the buyer didn’t agree on that price level, that’s why the price started to goes down and maybe reach the support level. There are reasons to be consider at the level of $25k resistance, maybe we are not meant to that price level yet just wait for the next corrections and we will see if Bitcoin will retest that level again.

One thing is certain people are cashing out, probably most who are invested below the $20k had their selling price set on $25k, it makes sense since most of us often put our selling target in divisible of 5s or 10s.  It has been a seesaw from$ 22k to $24k this past few days it looks like the price will stay sideway in the next few days since correction is also bound to happen since Bitcoin had rallied from $20k to $25k but rarely maintain the $24kish market.

[Yatsan]

It is not the market price barrier but the reason for the price increase to break through barriers. We saw sudden price increase with the market prices recently but the reason is undefined which makes the support on the increase weak. Thus, corrections to occur are most likely to happen. As long as there are no exact reason for an increase, expect for declines at certain price points. As many of us believes, continuous price increase is more likely to happen next year because of the anticipated Bitcoin fork or halving. This common belief could trigger huge demand and eventually reflect to the market prices of crypto. For now, waiting for a clear trend line would be more advisable.

[fadhilz123]

Resistance is the price level that is being dictate by the seller and since the buyer didn’t agree on that price level, that’s why the price started to goes down and maybe reach the support level. There are reasons to be consider at the level of $25k resistance, maybe we are not meant to that price level yet just wait for the next corrections and we will see if Bitcoin will retest that level again.

It looks like it will be tested again as now Bitcoin is starting to increase again to $24K after the correction in the past two days. And hopefully in the next two days Bitcoin can return to the $ 25K level again with a better level of resistance than before. Because in this month Bitcoin was at a price of $ 25K but not for so long and I still think that the price recovery on Bitcoin will continue next month with better conditions

[nurilham]

I don't expect the price to always go up without a correction, and it's very difficult.

It is impossible. Bitcoin price can't increase forever, there should be time for a correction. The demand in the market won't be always raising. Sometimes, the demand is decreasing because most people prefer to sell or stop buying due to certain reasons. Correction is also not a bad thing, it offers time for everyone to buy at low prices. So, why we must be afraid of a correction, right? 

After all, fluctuations like this are always normal in the market although many people wish the $25K was held for a longer period.

People always expect the price to increase soon after they bought during the bearish season. But the price can't increase suddenly to its ATH, it needs time to increase gradually. It is the same as we expect the price to stay above $25k, it should take time to be stable above $25k. This time, the price is struggling to maintain the $25k level, just wait for a few weeks/months to stay above $25k.

[peter0425]

$25k is also the resistance back in Aug 2022.
I think it will break that $25k in a few weeks. The rally hasn't reached its peak yet It's possible to go $30k but then you got to prepare also when it falls. Good time to keep trading on the spot market just to accumulate a few satoshis. Once the market passes that resistance, it could become support line also.

but considering that 2022 is far different from 2023 I don't see its connection because market is not that manipulated mate instead this is the  season where the world recession takes its effect so better to expect another movement in sideways or at least breaking 25-30k in the coming weeks and also march seems to be safe for all of us and there are more dumping coming.

[GigaBit]

I noticed the level too, it has proven itself to be extreme resistance this year, and if broken, Bitcoin might be on its way to $35,000. Unfortunately, if it could not, Bitcoin might tumble below $20,000 and dive towards $15,000 afterwards. Let me believe that this is beyond any economic consideration, it's more technical and in line with the market sentiment.

Traders are not willing to purchase the coin beyond $25,000, which is why it regularly retraces quickly back on reaching a level close to it.

In 2022 Bitcoin price fell below 17K, there was a hope among Bitcoin holders that if it was 20K or more, the market would move positively in this year of 2023. It is now in a good position since that dip. It has been going up and down for the past few weeks unable to hold 25k for long. The main reason for this some Bitcoin holders have left it at a small profit. There is still lack of trust between them. But I am optimistic Bitcoin is trying to be bullish with the behavior it is doing now. Some investors are still observing it. At any time the investor's investment will be able to push up from this situation.

At this time the price is not stabilizing as buyers are not willing to buy Bitcoin at 25K. Current market trend will certainly depend on various global factors. It's just that if the market positively break 25k range in a few days then probably the price of Bitcoin may reached to 30k otherwise it will push back again 20k.

[bettercrypto]

Resistance is the price level that is being dictate by the seller and since the buyer didn’t agree on that price level, that’s why the price started to goes down and maybe reach the support level. There are reasons to be consider at the level of $25k resistance, maybe we are not meant to that price level yet just wait for the next corrections and we will see if Bitcoin will retest that level again.

One thing is certain people are cashing out, probably most who are invested below the $20k had their selling price set on $25k, it makes sense since most of us often put our selling target in divisible of 5s or 10s.  It has been a seesaw from$ 22k to $24k this past few days it looks like the price will stay sideway in the next few days since correction is also bound to happen since Bitcoin had rallied from $20k to $25k but rarely maintain the $24kish market.

I am thinking that the value of bitcoin will probably move between 20k -25k$ throughout the month of March and I also think that others are already positioned on what will happen in the market.

       But let's see what can happen, you know the market is very unpredictable due to its volatility. But no matter how the market moves in this situation, the scalpers are good because they know how to make a profit.

[cryptoaddictchie]

$25k is also the resistance back in Aug 2022.
I think it will break that $25k in a few weeks. The rally hasn't reached its peak yet It's possible to go $30k but then you got to prepare also when it falls.

Since there are people who bagged during $16k to 17k levels pretty sure $25k is a decent sell level for many traders and thats irresistibly good gains. When I looked at Binance there are really plenty of people whom waiting for selling as comparison to buy and sell order which sell was more compared to buy orders.

History might repeat itself but not for now. Maybe next month we can see a really good run or if not, go back to $18 level again.

[LogitechMouse]

~

People see it as a psychological resistance. A price where people who bought below $20,000 might be taking profit on it. I mean if you bought at below $20,000, and selling on that price, you got a huge profit already.

There is a quote in terms of technical analysis that says "The more it tries to surpass that price, the higher the chance that it will surpass it overtime". I can't remember where I heard it or watched, but with what's happening right now, there might be a chance that in the next months, we might see Bitcoin going to surpass that $25,000 price resistance... or I might be wrong.

Over time, the sellers will be lesser and lesser at that price.

[maydna]

Bitcoin is sure to surpass $25k while we are already towards the end of February and bitcoin still has a lot of opportunities to rise in the following months. So you don't need to worry and you should enjoy the ups and downs of bitcoin prices.

Even though bitcoin follows the same pattern as the traditional economy, it will return to new highs, providing an opportunity to see the value of your investment grow. And you shouldn't have to look or check the market too often so you don't worry if you see the price dropping again. All you have to do is continue investing before the price reaches its next peak.

[el kaka22]

I am guessing that it's a wall? Psychology also plays a role after a while, when you try and fail, next time you try people assume that you may fail so they sell when it gets closer or even slows down.

You need people to buy and not sell, so if people see it go to 24.5k and slow down, they should be buying, but what happens is that they see it slowing down so they say it won't go above again so they sell, because they sell, it turns out it won't go up of course. Instead of selling, if they bought, then it would have gone above, but they didn't So psychology stuff like these matters a ton and should be considered as an important part of it.

[EdenHazard]

Bitcoin is sure to surpass $25k while we are already towards the end of February and bitcoin still has a lot of opportunities to rise in the following months. So you don't need to worry and you should enjoy the ups and downs of bitcoin prices.

Even though bitcoin follows the same pattern as the traditional economy, it will return to new highs, providing an opportunity to see the value of your investment grow. And you shouldn't have to look or check the market too often so you don't worry if you see the price dropping again. All you have to do is continue investing before the price reaches its next peak.

I'll just keep wait and see while stacking up the coins.

I tend to have a short bull in the next few months and beware of the deathcross ahead , breaking into $30k and get dropped suddenly is very likely happened for me so yeah i prefer to play a bit safer than ever now , bull trap ahead.

[Ucy]

The last quarter of the month of February 2023 has been filled with so many market behaviours and uncertainties, bitcoin made every attempt to hold on to the 25,000 prices but each time it reaches that milestone it gets to pull back.   This has happened several within the last one two weeks and this action has called for more speculation from spectators on what direction the price will go, just as there have been financial instability in the global economy will Bitcoin follow the same pattern as the traditional economy or will it break out in the face of uncertainties to move beyond the 25k BTC price.  

 

It's a barrier set in the minds/trades of price movers, which is currently removed.

By the way, don't you think it will be strange for price to continue moving from $16,000 to over $30,000 in just a short time without a pause or small pullbacks? That is about 100% gain while 16,000 to 25,000  is about 56% (25,000—16,000/16,000 ×100% = 9000/16000 ×100% = 9000/160= 56.25%) gain, in a short time..This is predictable/guaranteed profit,. Where else can you make such percentage of profit that's guaranteed, in few months? We really need to be very grateful & thankful sometimes.
 I hope we don't easily forget what things were like when price hit $30,000.    

[Pierre 2]

I think its because it turned into psychological resistance as most fellow members claimed here. 20000 dollar level looked like impossible to surpass couple of months back. You can all remember. But we passed that by help of bulls of crypto markets. I think 25000 looks similar. If united states dollars get weaker through time, financial markets will get stronger. Result will be Bitcoin breaking 25000 level and hitting above 30000 in no time. This is my thought.

[maydna]

Bitcoin is sure to surpass $25k while we are already towards the end of February and bitcoin still has a lot of opportunities to rise in the following months. So you don't need to worry and you should enjoy the ups and downs of bitcoin prices.

Even though bitcoin follows the same pattern as the traditional economy, it will return to new highs, providing an opportunity to see the value of your investment grow. And you shouldn't have to look or check the market too often so you don't worry if you see the price dropping again. All you have to do is continue investing before the price reaches its next peak.

I'll just keep wait and see while stacking up the coins.

I tend to have a short bull in the next few months and beware of the deathcross ahead , breaking into $30k and get dropped suddenly is very likely happened for me so yeah i prefer to play a bit safer than ever now , bull trap ahead.

I don't intend to sell my bitcoins in a short bull run as I want a bigger profit and am willing to wait for the bull run to happen. But I will always try to buy if a correction comes to the market because that is the only thing I can do to collect more bitcoins from now on. I don't want to be late to be able to have a lot of bitcoins because I see there is great potential for bitcoin to reach its newest ATH again in the future. For that, I am willing to buy at a lot of low prices that will occur while waiting for the latest ATH journey.

[fadhilz123]

I'll just keep wait and see while stacking up the coins.

I tend to have a short bull in the next few months and beware of the deathcross ahead , breaking into $30k and get dropped suddenly is very likely happened for me so yeah i prefer to play a bit safer than ever now , bull trap ahead.

Everyone has their own strategy and way of looking at the current market conditions, because some people will not be quite happy with short bulls and will be much happier with long bulls which they might still expect this year and next year. I personally prefer to hold long term for a larger price, as I will not sell Bitcoin or any assets as long as I don't need a large amount of money for myself. So I don't really care about bull traps or anything like that in the market.

[doomloop]

Bitcoin is sure to surpass $25k while we are already towards the end of February and bitcoin still has a lot of opportunities to rise in the following months. So you don't need to worry and you should enjoy the ups and downs of bitcoin prices.

Even though bitcoin follows the same pattern as the traditional economy, it will return to new highs, providing an opportunity to see the value of your investment grow. And you shouldn't have to look or check the market too often so you don't worry if you see the price dropping again. All you have to do is continue investing before the price reaches its next peak.

Well, though the price has started moving up a little bit today, $25k has become a very strong resistance and it won't be easy to it to surpass that so easily. There are also bears pulling the price down so there is too much selling pressure as well at the moment.

For the long term, we should definitely rest assured that we will see it going significantly high, but for the current market conditions, I see more downward movement potential for the shorter term than it crossing the resistance and going up above it and setting a new target.

[Edwardard]

Well, though the price has started moving up a little bit today, $25k has become a very strong resistance and it won't be easy to it to surpass that so easily. There are also bears pulling the price down so there is too much selling pressure as well at the moment.

For the long term, we should definitely rest assured that we will see it going significantly high, but for the current market conditions, I see more downward movement potential for the shorter term than it crossing the resistance and going up above it and setting a new target.

Well, in the short term the funding is shifting to negative to neutral side meaning there are more shorts building in the market. And there could be a chance to rise from here to kill the late shorters. Also, the SPX is on its main support on the daily. Lets be hopefull until 23k holds up. Im excited to see today's US trading session and how btc reacts. Its the second day of the week so today's move should be a no trap move.

[pixie85]

I think its because it turned into psychological resistance as most fellow members claimed here. 20000 dollar level looked like impossible to surpass couple of months back. You can all remember. But we passed that by help of bulls of crypto markets. I think 25000 looks similar. If united states dollars get weaker through time, financial markets will get stronger. Result will be Bitcoin breaking 25000 level and hitting above 30000 in no time. This is my thought.

It has a lot to do with the last all time high and the mining profitability. I've ready some studies that claimed bitcoin profitability for the majority of mining farms is above 20 000 USD and below that they have to either sell at a loss or hold on to their coins hoping for a recovery.

Many miners must have chosen not to go bankrupt but take a loan to pay their bills and keep mining and holding their coins when we were at 15-20 thousand and those people are now slowly selling but trying not to crash the price so instead of dumping it all they are placing sell orders at levels that give them some profit like 24 and 25 000.

I think that most of the sell pressure at these levels comes from miners and people who bought below 19000 to speculate and see 25 as a good enough level to exit with some profit. Once the miner savings are redistributed we'll start moving forward.

[bitgolden]

I'll just keep wait and see while stacking up the coins.

I tend to have a short bull in the next few months and beware of the deathcross ahead , breaking into $30k and get dropped suddenly is very likely happened for me so yeah i prefer to play a bit safer than ever now , bull trap ahead.

I think drop won't be a big one. Sure there will always be some drops like the one we recently had, I mean when we reached 24.5k levels, we dropped back to 23k and even a bit lower, that is understandable and that type of drops will happen. But, I do not think that something like 30k to 20k or lower is possible, that type of huge fall will not happen.

We already had our bear market, and the prices already went down, from here on out it will be bigger ups and smaller downs, it will go up 2k and down 1k and keep going up that way for a long time, 2 foot forward one foot backwards, the overall result will be going higher and doing better in the end.

[stomachgrowls]

I'll just keep wait and see while stacking up the coins.

I tend to have a short bull in the next few months and beware of the deathcross ahead , breaking into $30k and get dropped suddenly is very likely happened for me so yeah i prefer to play a bit safer than ever now , bull trap ahead.

I think drop won't be a big one. Sure there will always be some drops like the one we recently had, I mean when we reached 24.5k levels, we dropped back to 23k and even a bit lower, that is understandable and that type of drops will happen. But, I do not think that something like 30k to 20k or lower is possible, that type of huge fall will not happen.

We already had our bear market, and the prices already went down, from here on out it will be bigger ups and smaller downs, it will go up 2k and down 1k and keep going up that way for a long time, 2 foot forward one foot backwards, the overall result will be going higher and doing better in the end.

Big drop or not then it wont matter because we have no choice but to deal with things on whatever it would be because we cant really be able to know on what are the things that would happen ahead.
Speaking about resistances then it is really just that pretty normal that in every -+increment there would really be a resistance or selling point.

Its true that the market had been able to try up on breaking out that 25k resistance but it is really that tough on which it had been many times for it to be had rejected.
We been hovering or playing around 23-25k up and down which i could say that it isnt really that bad to scalp for some profits with these kind of movements
or volatility.

[Oceat]

It would be better this than seeing it moving up ahead of time to $25k where there's always a quick pullback from shorters. This way it's building up a strong momentum to push the resistance than trying to push it in a quickest way. So, if I were you I would just relax and keep accumulating BTC as fast as I can or it would be too late to buy them later if it gets past that $25k or $30k.

Come to think about it that was your only way to get more BTC before the halving kicks in next year. It's kinda fast though thinking that the market did just hit the $65k ATH and then it's going to pump again next time moving and making a new ATH although I wonder what could be the next ATH.

[suzanne5223]

Firstly, everything about the Bitcoin market appears to change lately. The mining difficulty no longer determines the market's next trend and the Bitcoin 4years price cycle are not the same way it use to be.
Therefore, we should expect some sort of market up and downtrend until it totally bullish market cause it's too early for the start the previous price uptend we see at the earl of this year.

[Woodie]

Could be the region that has alot of sell orders seating in that region.
But once all these are filled up price will have no resistance & when price is back at this and the break out is achieved this could turn to a demand area or what others refer to as the support area which will work in our favor and not won't allow price to drop below this price and possibly make a new all time high for the year 2023.

If you ask me it's good that the rejections are happening now as this means all orders seating there are liquidated and nothing will be left to stop it when it's back.

[Cryptomiles1]

It's natural and this might likely breakout from this new month you can't just expect the market to be constantly on the upside. Beside trader are really on the target whereby placing a much selling pressure on that point of price making it to get that level and keep dropping below, and believe when that pressure is reduced then we might see another price push maybe $26k and above.

[maydna]

Bitcoin is sure to surpass $25k while we are already towards the end of February and bitcoin still has a lot of opportunities to rise in the following months. So you don't need to worry and you should enjoy the ups and downs of bitcoin prices.

Even though bitcoin follows the same pattern as the traditional economy, it will return to new highs, providing an opportunity to see the value of your investment grow. And you shouldn't have to look or check the market too often so you don't worry if you see the price dropping again. All you have to do is continue investing before the price reaches its next peak.

Well, though the price has started moving up a little bit today, $25k has become a very strong resistance and it won't be easy to it to surpass that so easily. There are also bears pulling the price down so there is too much selling pressure as well at the moment.

For the long term, we should definitely rest assured that we will see it going significantly high, but for the current market conditions, I see more downward movement potential for the shorter term than it crossing the resistance and going up above it and setting a new target.

Hopefully, starting this March, the price can increase slowly until it reaches $ 25k and can increase continuously. The bear market at the moment looks like it's only a short time away and will be replaced by a bull market and if that happens before the end of the year, we'll probably see a very fast escalation to reach the last ATH and then we'll see another new ATH.

I'm not worried about the long term because, after all, bitcoin has the potential to reach new heights. So I think we should be able to have more bitcoins from now on so that we don't regret it and can sell bitcoins at the highest price. Maybe soon we will see $24k as the price is now showing a nice move.

[RILWAN]

Ops you need to understand that the bitcoin market is highly unpredictable and at that, we must not allow ourselves into some form of analysis, but since we have to predict let me join the leaves by predicting a 30,000 bitcoin price in March.

[ScamViruS]

Ops you need to understand that the bitcoin market is highly unpredictable and at that, we must not allow ourselves into some form of analysis, but since we have to predict let me join the leaves by predicting a 30,000 bitcoin price in March.

Bitcoin market is unpredictable and volatile but market analysis is important for short term trading due to this volatile market. Looking at recent Bitcoin market performance, this suggests $25k is a strong resistance for short-term market price decisions. So if this target is breached with more strength, we may see Bitcoin above $30k this month, and the market may even go lower. Anything can happen in the coming days.

[Ojima-ojo]

It's natural and this might likely breakout from this new month you can't just expect the market to be constantly on the upside. Beside traders are really on the target whereby placing a much selling pressure on that point of price making it get that level and keep dropping below, and believe when that pressure is reduced then we might see another price push maybe $26k and above.

I believe we will see some positive market movement in this month as the first quarter of the year get to its middle and most markets are beginning to open from the end of the year holidays,  we expect some remarkable market movement.

I think the mark that Bitcoin could not reach in the last months such as January which happens to be the month that recorded the highest recovery price where Bitcoin recovered from somewhere around 16k-17k to 22k-23k+ which are all good mmarket pospositionsfor coinn in that month.

[OgNasty]

It’s been a long time since the market was above $25K and it was the last time the price rejected off of resistance so it’s got a lot of sells built up compared to the levels we’ve been breaking below. The positive side is that the next resistance level is at $30K so when $25K does break it will lead to large gains very quickly.

[TravelMug]

It’s been a long time since the market was above $25K and it was the last time the price rejected off of resistance so it’s got a lot of sells built up compared to the levels we’ve been breaking below. The positive side is that the next resistance level is at $30K so when $25K does break it will lead to large gains very quickly.

Depends though, I mean yeah for sure we have reach $25k several times but it is being rejected and wasn't sustainable. So it's hard to see where we are going at that price barrier, maybe we will hit it again but then fall off and rejected.

So let's see, for the the biggest resistance is that whole numbers that you are saying like $30k. And that will be a good test again in the next coming months. For now $25k might be breach again for this month, it's just up to the bulls to push it and then sustain it in the long run.

[fadhilz123]

It's natural and this might likely breakout from this new month you can't just expect the market to be constantly on the upside. Beside trader are really on the target whereby placing a much selling pressure on that point of price making it to get that level and keep dropping below, and believe when that pressure is reduced then we might see another price push maybe $26k and above.

More selling pressure when it comes to price levels that traders think is better or more profitable for them as traders is likely to continue for Bitcoin this month so a rapid increase in price still looks heavy on Bitcoin although I believe that for the $26K price level it can arrive in this month if the selling pressure can be reduced a little this month. Because right now the price is still under $ 24K which of course won't be too far from $ 25K and also $ 26K for Bitcoin.

[crwth]

Many people want to take advantage of the rising prices, so they are selling once it comes near $25000. This thread was created last week, and the price is pretty close to when this thread was created. Many people have probably consolidated and checked what they would do with their holdings.

I hope once we break that resistance, it will continuously go upward in price.

[mich]

When the price of Bitcoin was 25k in 2 weeks ago it became wishful thinking for me. Finally we have crossed the 25k mark, was a 'bull run' coming up in the near future?

Then again in the last week we see price of Bitcoin of 25,100 and more excitement came to my mind. Well we know this did not last so long. It just seems to me that 25k is hard to get over and we always fall back below, without crossing 26k. 

[Nrcewker]

The resistance is only caused by the big whales. They manipulate the market and create resistance according to their own benefits. For this many normal and day traders face losses and goes into depression. Moreover this is just a small part that affects the price, but this does leave a big impact on that. Moreover the price of the Bitcoins depends on the demand made by the common masses. If the demand is high, in order to fulfil it, the price of the coins has also to go up. Currently the demand has been satisfied. Hence no great price fluctuations.

[Eternad]

It’s a whole number and this is the first strong resistance for this current rally before. It’s normal that it will be very hard to break since there’s only few time span when this resistance show and probably those strong resistance from before is still active until now.

All numbers that divisible by 1000 and 5000 is always a strong resistance because traders usually notice it as a good price to buy and sell that is why resistance and support always position on this area.

[RILWAN]

I believe we are very far from the twenty-five thousand dollars price and at the moment there is strong resistance around the twenty-three thousand dollar bitcoin price, and to stake a factual thing we can't keep speculating bitcoin market every month because we have hard so much data and cycle and the price at which bitcoin.

[AverageGlabella]

Many people want to take advantage of the rising prices, so they are selling once it comes near $25000. This thread was created last week, and the price is pretty close to when this thread was created. Many people have probably consolidated and checked what they would do with their holdings.

I hope once we break that resistance, it will continuously go upward in price.

What you are saying is true but how long will it take for these people to run out of money and not sell their stacks when we get above 25000? Do we have to break the resistance of 25000 many times to go above it? I thought the market was changing and people were turning into bulls and not bears but greed has overcome them.

[Ojima-ojo]

Many people want to take advantage of the rising prices, so they are selling once it comes near $25000. This thread was created last week, and the price is pretty close to when this thread was created. Many people have probably consolidated and checked what they would do with their holdings.


I hope once we break that resistance, it will continuously go upward in price.

Before creating thos thread I did and in debt statistical analysis of the current market using various cycles to arrive at my conclusion and that is where the benchmark of 25k was focasted as the base price for the current bitcoin market and there is no doubt the fact that bitcoin has touched that price severally before burning back to 22k+ at the moment.

Going forward,  we should be more holistic in our Bitcoin market analysis to prepare ourselves for what the outcome of Bitcoin price will be in the remaining days of this year 2023-halving, which is still a long way to go from now, so we should expect a more robust price recovery going forward since Bitcoin have shown a lot of positive signs in the first quarter of 2023 which is bearly 3 months.

[AmoreJaz]

I believe we are very far from the twenty-five thousand dollars price and at the moment there is strong resistance around the twenty-three thousand dollar bitcoin price, and to stake a factual thing we can't keep speculating bitcoin market every month because we have hard so much data and cycle and the price at which bitcoin.

it may seem very far right now, but once the bitcoin price is rising up, 25k is actually very easy to achieve. and when that happens, you have no time to decide whether to buy or not. we should look at the bigger picture. because if we will wait for that price to happen, it will be like waiting in vain. because few days is like forever if you're waiting. but if you have certain target, you don't need to wait for hours or days. just enjoy other activities and before you know it, we are already in that level and more.

[Wong Gendheng]

When January which rises more than 43% I am very sure that the price will soon touch $ 25k, many experts believe that if the price limit is reached then the market will continue to rise in a short time, unfortunately the price is stuck at $ 24k and has not touched $ 25k for almost a year , of course many people think that selling when profit is small is a realistic thing than waiting for a market that is not me

[DOH!]

I think the 25k resistance is the pressure of profit taking from the bears, although it does not affect the long-term confidence in bitcoin too much, the advantage of bitcoin growth in January is too attractive and increases the pressure.  take profit at the 25k resistance level is what i was thinking.

[Tellek Garing]

I think the 25k resistance is the pressure of profit taking from the bears, although it does not affect the long-term confidence in bitcoin too much, the advantage of bitcoin growth in January is too attractive and increases the pressure.  take profit at the 25k resistance level is what i was thinking.

According to my calculations from the commencement of the current year, Bitcoin has yielded a return on investment of over 30% for individuals who purchased it at the end of December 2022. In fact, those who acquired it at the end of the preceding year have had the opportunity to sell it at a profit and subsequently repurchase it as the market stabilized. In my opinion, the cryptocurrency market remains robust, and I would suggest purchasing it at the prevailing price for those interested in participating in the next bullish phase.

[Rasa nanas]

the last few weeks bitcoin has done something extraordinary, namely being able to reach $ 25k in the midst of the world economic crisis, but bitcoin could not maintain that price and dropped to a price of $22k. I think this is something normal because it is impossible for the price of bitcoin to continuously increase. You need to know to jump to higher ground bitcoin needs a bigger push and this drop in price could be a boost for bitcoin.

[G_Besar]

When January which rises more than 43% I am very sure that the price will soon touch $ 25k, many experts believe that if the price limit is reached then the market will continue to rise in a short time, unfortunately the price is stuck at $ 24k and has not touched $ 25k for almost a year , of course many people think that selling when profit is small is a realistic thing than waiting for a market that is not me

The question is, which market do you see? Because last month, on February 21, 2023, Bitcoin had touched the price of $ 25K in the market, even if only for a short time. Or you didn't get to see Bitcoin's highest price last month when it touched $25K?

Because if you are someone who has frequently monitored the Bitcoin market in the last two months, of course you know what the highest price for Bitcoin was in the last month even though you did not get to see that price on Bitcoin because it only lasted for a short time in the market.

[Ojima-ojo]

the last few weeks bitcoin has done something extraordinary, namely being able to reach $ 25k in the midst of the world economic crisis, but bitcoin could not maintain that price and dropped to a price of $22k. I think this is something normal because it is impossible for the price of bitcoin to continuously increase. You need to know to jump to higher ground bitcoin needs a bigger push and this drop in price could be a boost for bitcoin.

Bitcoin have indeed made some significant movement is the last few weeks back, and with the current condition of thing were Bitcoin drop drastically from the near almost 25k price to bearly around 20k price it's now evident that the instability of the price of Bitcoin have become a source of worries for most investors.

-Some are already selling off with lsoes, But what I can advise is for all to hold on and even if their is a need,  there are some people.

[Kemarit]

the last few weeks bitcoin has done something extraordinary, namely being able to reach $ 25k in the midst of the world economic crisis, but bitcoin could not maintain that price and dropped to a price of $22k. I think this is something normal because it is impossible for the price of bitcoin to continuously increase. You need to know to jump to higher ground bitcoin needs a bigger push and this drop in price could be a boost for bitcoin.

Bitcoin have indeed made some significant movement is the last few weeks back, and with the current condition of thing were Bitcoin drop drastically from the near almost 25k price to bearly around 20k price it's now evident that the instability of the price of Bitcoin have become a source of worries for most investors.

-Some are already selling off with lsoes, But what I can advise is for all to hold on and even if their is a need,  there are some people.

Yeah, it's going to be another difficult path for us, as we have seen the price going from $24k->$22k->$20k because of some major news in the US, specially the data on their inflation.

So now we back on our old support line of $20,000, and this should be good for us. I mean retesting it to see if it is that strong or the market will give in to the selling pressures, thus going below. We can only hope that the FUD will stop and investors starting to buy again.

[2double0]

The bears were (and are) still in power to hold it back under $25000. And after the news about:

• Fed Chairman's soft tone suggesting a rate increase of 50 bps
• Mt Gox planned to release the coins to its investors in instalments
• Biden admin proposed 30% tax on electricity used for Bitcoin and crypto mining
• NYAG claims that Ethereum is a security in recent Kucoin lawsuit

I don't see any chance for BTC to digest these one by one attacks, so it has a good shorting opportunity which will now take it back once again under $15k to create a final bottom before a bull run.

[Republikcoin.com]

I think the 25k resistance is the pressure of profit taking from the bears, although it does not affect the long-term confidence in bitcoin too much, the advantage of bitcoin growth in January is too attractive and increases the pressure.  take profit at the 25k resistance level is what i was thinking.

Taking profit at that resistance level is not mandatory for everyone although it is also very good to have time to do it because right now everyone is looking at the $20K price back in Bitcoin so there is not much to lose when someone takes profit at the $25K resistance level and then buys back at the current price level as the Bitcoin price as of today has fallen back and in fact the price difference is almost $5K compared to last month's high.

[capedbaldy]

Taking profit at that resistance level is not mandatory for everyone although it is also very good to have time to do it because right now everyone is looking at the $20K price back in Bitcoin so there is not much to lose when someone takes profit at the $25K resistance level and then buys back at the current price level as the Bitcoin price as of today has fallen back and in fact the price difference is almost $5K compared to last month's high.

Some short term traders may have taken profit at $25k because they target low profit or use big capital to get high profit in short time, but for investors they will not do anything on their assets before reaching the sell target, in the end it is investors who take high profits because they don't care about temporary resistance due to the impact of negative news and they stay patient until the bitcoin price reaches a high price even until it reaches a new ATH price in the future.

[peter0425]

When the price of Bitcoin was 25k in 2 weeks ago it became wishful thinking for me. Finally we have crossed the 25k mark, was a 'bull run' coming up in the near future?

but look at it now , does it  brings us another hope? when the price again drops below 20k and now going down to 18k ? maybe another lose hope mate as this is not just a considered correction .

Then again in the last week we see price of Bitcoin of 25,100 and more excitement came to my mind. Well we know this did not last so long. It just seems to me that 25k is hard to get over and we always fall back below, without crossing 26k. 

if the price crossed 26k then surely it will be breaking 30k to follow as the resistance seems to be that price .

[Minecache]

The bears were (and are) still in power to hold it back under $25000. And after the news about:

• Fed Chairman's soft tone suggesting a rate increase of 50 bps
• Mt Gox planned to release the coins to its investors in instalments
• Biden admin proposed 30% tax on electricity used for Bitcoin and crypto mining
• NYAG claims that Ethereum is a security in recent Kucoin lawsuit

I don't see any chance for BTC to digest these one by one attacks, so it has a good shorting opportunity which will now take it back once again under $15k to create a final bottom before a bull run.

You ignored the Silvergate crash, which also impacted the market, and news that centralized exchanges in the US may face a class action lawsuit. But I think all the combined negative news doesn't equal the crash of FTX, the tragedy of FTX was much bigger but didn't cause bitcoin to drop much more. Correct me if I'm wrong, but I remember the 2022 low we had was 15.5k, with these Fuds it's very difficult to get bitcoin to that low unless we get more fuds big anymore. I predict the low this time is $18k.

[imamusma]

Correct me if I'm wrong, but I remember the 2022 low we had was 15.5k, with these Fuds it's very difficult to get bitcoin to that low unless we get more fuds big anymore. I predict the low this time is $18k.

The lowest price in the last 1 year was $15,599, it was listed on CMC. Meanwhile today, bitcoin has experienced negative action which has made its price corrected 8% in the last 24 hours. Bitcoin is at over 70% dump since ATH 10 November 2021, of course this is not the end but it is just a reaction of panicked traders wanting to exit the market.

A lot of FUD is spread, it affects a lot of traders and investors. But I really don't expect bitcoin price to fall back to $18,000 like you said. Probably will, but I hope the $19,000 support is the last due to the current FUD impact.

[zaki12]

A lot of FUD is spread, it affects a lot of traders and investors. But I really don't expect bitcoin price to fall back to $18,000 like you said. Probably will, but I hope the $19,000 support is the last due to the current FUD impact.

Yes, that's right, for the next few weeks there will be lots of FUD spread out, this will have a huge impact on traders and investors. For the price of bitcoin to rise, I don't think it's time yet, maybe now there seems to be too much FUD and the Fed has raised interest rates, Silicon Valley has gone bankrupt, the macro-economy is chaotic, what you are worried about might happen, even below $18,000. Actually I also don't want that to happen.

[Pejoh Asu]

If we pay attention to the price several times approaching $ 25k but not for long it will decrease, in my opinion $ 25k is like an emotional price, naturally many people believe that if they can touch $ 25k it will continue to rise, but looking at market developments so far I am optimistic that $25k will be up as soon as April.

[Minor Miner]

A lot of FUD is spread, it affects a lot of traders and investors. But I really don't expect bitcoin price to fall back to $18,000 like you said. Probably will, but I hope the $19,000 support is the last due to the current FUD impact.

Yes, that's right, for the next few weeks there will be lots of FUD spread out, this will have a huge impact on traders and investors. For the price of bitcoin to rise, I don't think it's time yet, maybe now there seems to be too much FUD and the Fed has raised interest rates, Silicon Valley has gone bankrupt, the macro-economy is chaotic, what you are worried about might happen, even below $18,000. Actually I also don't want that to happen.

That did not happen, mate. While people are believing that the collapse of the world's major banks will not be good for bitcoin, it is reacting beyond our expectations. Bitcoin is trading above $24k and is slowly moving toward $25k. I guess people have started to panic when it comes to bank deposits, people are withdrawing money and looking for safer solutions for their assets. Bitcoin and gold are very likely to be great options, and I think that's why bitcoin is up unexpectedly today.

[Minecache]

Correct me if I'm wrong, but I remember the 2022 low we had was 15.5k, with these Fuds it's very difficult to get bitcoin to that low unless we get more fuds big anymore. I predict the low this time is $18k.

The lowest price in the last 1 year was $15,599, it was listed on CMC. Meanwhile today, bitcoin has experienced negative action which has made its price corrected 8% in the last 24 hours. Bitcoin is at over 70% dump since ATH 10 November 2021, of course this is not the end but it is just a reaction of panicked traders wanting to exit the market.

A lot of FUD is spread, it affects a lot of traders and investors. But I really don't expect bitcoin price to fall back to $18,000 like you said. Probably will, but I hope the $19,000 support is the last due to the current FUD impact.

And you're right, bitcoin hasn't dropped below 19k, and today it's up over 24k, I'm pretty surprised with what's happening. The bankruptcy of Silicon Valley bank, Silvergate, and recently Signature Bank was really serious, I thought it would affect us negatively, but in the end, everything turned out to be the opposite.
As far as I know, in just 1 week, 3 big US banks went bankrupt, causing the Fed to worry that raising interest rates too quickly has caused this situation. And there were some rumors that the Fed would stop raising interest rates, making the market react more positively.

[dragonvslinux]

With price breaching $25K in the past hour, starting to think this topic should be locked by end of day if price closes above this price.

It was a good topic while it lasted, many different opinions, but otherwise won't serve much purpose with price above $25K...

[2double0]

With price breaching $25K in the past hour, starting to think this topic should be locked by end of day if price closes above this price.

It was a good topic while it lasted, many different opinions, but otherwise won't serve much purpose with price above $25K...

Btc has got enough resistance at/near $25K so I don't think it will be easy for btc to hold that area for longer. It needs sharp volume to break it and climb over $28500 to go near $30k. It does not have any good resistance area between $25800 and $29000 but it should break $25k again as it has created an inverse triangle flag and it looks like the big move is near and it will be on any side of the coin.

[Fatunad]

With price breaching $25K in the past hour, starting to think this topic should be locked by end of day if price closes above this price.

It was a good topic while it lasted, many different opinions, but otherwise won't serve much purpose with price above $25K...

Btc has got enough resistance at/near $25K so I don't think it will be easy for btc to hold that area for longer. It needs sharp volume to break it and climb over $28500 to go near $30k. It does not have any good resistance area between $25800 and $29000 but it should break $25k again as it has created an inverse triangle flag and it looks like the big move is near and it will be on any side of the coin.

It had been many times been tried out to be break out but still failed up because of too much selling pressure or simply those selling points is really that strong on that area.No matter what bullish news do comes in but still it did really failed up on breaking that point.Somehow we've seen that it reached above that resistances but it didnt last long on where the price had just dipped  down once again but honestly this isnt a bad news
considering that you could really still make out profits out of these movements if you are a trader who do loves to short trade.You would be making out money out of these movements
and on short time as possible.

[Wiwo]

It had been many times been tried out to be break out but still failed up because of too much selling pressure or simply those selling points is really that strong on that area.No matter what bullish news do comes in but still it did really failed up on breaking that point.Somehow we've seen that it reached above that resistances but it didnt last long on where the price had just dipped  down once again but honestly this isnt a bad news
considering that you could really still make out profits out of these movements if you are a trader who do loves to short trade.You would be making out money out of these movements
and on short time as possible.

This week Bitcoin have risen to $25,800+ before it drop down and not gradually climbing but there has been a strong reliance on the 24k string for too long, I don't know why it has become a bit resistant to bitcoin at this level.

-Even though Bitcoin made many attempts to break the ops benchmark,  market forces have relentlessly kicked against that price and the candle stick can bear the heat at a 25k+ price so it has to burn down repeatedly.

[Falconer]

-Even though Bitcoin made many attempts to break the ops benchmark,  market forces have relentlessly kicked against that price and the candle stick can bear the heat at a 25k+ price so it has to burn down repeatedly.

Keep calm and hang on, it's just a fun dynamic to enjoy. The price of bitcoin forms the same pattern in several cycles of ups and downs, a kind of rapid rise and fall. It's kind of weird because at the end of the day over and over again $25k is hard to be a support. The current resistance has increased, it's not $25k anymore, but I think it's at $26k.

[erep]

-Even though Bitcoin made many attempts to break the ops benchmark,  market forces have relentlessly kicked against that price and the candle stick can bear the heat at a 25k+ price so it has to burn down repeatedly.

Keep calm and hang on, it's just a fun dynamic to enjoy. The price of bitcoin forms the same pattern in several cycles of ups and downs, a kind of rapid rise and fall. It's kind of weird because at the end of the day over and over again $25k is hard to be a support. The current resistance has increased, it's not $25k anymore, but I think it's at $26k.

The support area will be hard to hold in the price range close to the highs that have been reached, so the $24k-25k support price is good enough for now compared to the $19k price earlier this month, so stay calm and let's see the market at the end this month and remain optimistic the market will close 30k through the end of march.

[Wiwo]

-Even though Bitcoin made many attempts to break the ops benchmark,  market forces have relentlessly kicked against that price and the candle stick can bear the heat at a 25k+ price so it has to burn down repeatedly.

Keep calm and hang on, it's just a fun dynamic to enjoy. The price of bitcoin forms the same pattern in several cycles of ups and downs, a kind of rapid rise and fall. It's kind of weird because at the end of the day over and over again $25k is hard to be supportive. The current resistance has increased, it's not $25k anymore, but I think it's at $26k.

The support area will be hard to hold in the price range close to the highs that have been reached, so the $24k-25k support price is good enough for now compared to the $19k price earlier this month, so stay calm and let's see the market at the end this month and remain optimistic the market will close 30k through the end of march.

I am sure the price will be hovering around the 25k-30k price in the coming month as this month and the previous months from January have opened up another price volatility in an uptrend direction which has indicated a more positive future expectation for Bitcoin.

-just as erep has rightly said, the present price benchmark of Bitcoin is already good enough but we can still have room and chances to climb higher a bit, building a strong market value base is what we really need now in Bitcoin price to protect the price from deepening down to below 20k again just like what we saw last few days.

[STT]

Its still glued to this area but if the daily bar closes high on its range rather then the lower price seen today it could mean we continue to resolve upwards at a similar pace.   Definite struggle in this area all the same though.


The clue might be price is trading just below 200 week average, we have traded above but resolved below so far.  Moving averages arent resistance, they are a representative of momentum but the fact its such a widely followed measure might be enough momentarily to hold back further buying that would lead us higher

[dragonvslinux]

With price breaching $25K in the past hour, starting to think this topic should be locked by end of day if price closes above this price.

It was a good topic while it lasted, many different opinions, but otherwise won't serve much purpose with price above $25K...

Btc has got enough resistance at/near $25K so I don't think it will be easy for btc to hold that area for longer. It needs sharp volume to break it and climb over $28500 to go near $30k. It does not have any good resistance area between $25800 and $29000 but it should break $25k again as it has created an inverse triangle flag and it looks like the big move is near and it will be on any side of the coin.

Personally I don't think it needs high volume to get to $30K, it just seems more likely that a break-out to there would be based on high volume. Likewise with getting above $25K today, the volume isn't particularly high it's about average. The difference is there was high volume twice before around $25K that satisfied sellers, and now there are a lot less of them, so not as much volume is needed.

When it comes to staying above $25K then I imagine higher volume will be needed if price returns there, as otherwise bears will try push price below again.

It had been many times been tried out to be break out but still failed up because of too much selling pressure or simply those selling points is really that strong on that area.

At least for now it seems like the selling pressure has passed. This is why I don't believe in triple tops as each time price returns to resistance it weakens it. I imagine many were expecting price to get rejected again today, but yesterday closed above $25K for the first time since June, so while the week still hasn't closed above this level for further confirmation, it does seem like the resistance is finally breaking.

[Husires]

Personally I don't think it needs high volume to get to $30K, it just seems more likely that a break-out to there would be based on high volume. Likewise with getting above $25K today, the volume isn't particularly high it's about average. The difference is there was high volume twice before around $25K that satisfied sellers, and now there are a lot less of them, so not as much volume is needed.

I began to see a correlation between cash flows and the rise in price. During the curved year 2020, it was bullish due to monetary stimulus, Bitcoin and many companies whose shares were very high.
Today, the same scene is repeated, and we see an influx of liquidity from the Federal Reserve, which is a green signal that may mean that we will return to the 30,000 after March 22nd.

[tiCeR]

With price breaching $25K in the past hour, starting to think this topic should be locked by end of day if price closes above this price.

It was a good topic while it lasted, many different opinions, but otherwise won't serve much purpose with price above $25K...

Btc has got enough resistance at/near $25K so I don't think it will be easy for btc to hold that area for longer. It needs sharp volume to break it and climb over $28500 to go near $30k. It does not have any good resistance area between $25800 and $29000 but it should break $25k again as it has created an inverse triangle flag and it looks like the big move is near and it will be on any side of the coin.

Personally I don't think it needs high volume to get to $30K, it just seems more likely that a break-out to there would be based on high volume. Likewise with getting above $25K today, the volume isn't particularly high it's about average. The difference is there was high volume twice before around $25K that satisfied sellers, and now there are a lot less of them, so not as much volume is needed.

When it comes to staying above $25K then I imagine higher volume will be needed if price returns there, as otherwise bears will try push price below again.

It had been many times been tried out to be break out but still failed up because of too much selling pressure or simply those selling points is really that strong on that area.

At least for now it seems like the selling pressure has passed. This is why I don't believe in triple tops as each time price returns to resistance it weakens it. I imagine many were expecting price to get rejected again today, but yesterday closed above $25K for the first time since June, so while the week still hasn't closed above this level for further confirmation, it does seem like the resistance is finally breaking.

There have been a lot of bears for quite some time trying to profit from short positions, but the market has once more shown how brutally it can fight back. A lot of short speculators have been squeezed out just a short while ago and if you now look at the charts you must have quite some balls to open more short positions or, put differently, short positions of significant sizes. Anyone could open a small short position as a gamble, but what happened a couple of days ago was a real squeeze. Even if I had the money for a large short bet, I wouldn't sleep well these days as it doesn't look like there could be any reason on the horizon for Bitcoin to crash again.

[OpenCEX]

We’ve finally waited for this resistance to break through. BTC has been reaching these highs for the last 3 days: $26,515; $25,241; $25,190 (yesterday).

[tygeade]

Personally I don't think it needs high volume to get to $30K, it just seems more likely that a break-out to there would be based on high volume. Likewise with getting above $25K today, the volume isn't particularly high it's about average. The difference is there was high volume twice before around $25K that satisfied sellers, and now there are a lot less of them, so not as much volume is needed.

When it comes to staying above $25K then I imagine higher volume will be needed if price returns there, as otherwise bears will try push price below again.

I would guess that having that type of bears pushing is not a new thing, they will want to keep us below 25k but being below 25k and keeping us there versus being above 25k and trying to get us back under again are very two different things. One of them is easy because all you have to do is sell some coins and publish some bad news, whereas the other is literally killing all the hype and fixing all the problems in the fiat world that caused this increase.

Obviously they can still technically do it, it is not impossible, a few dire and terrible news and we could drop again but that doesn't mean that they will achieve it, we are probably above 25k from now on, at least for a while.

[Odusko]

Obviously, they can still technically do it, it is not impossible, a few dire and terrible news and we could drop again but that doesn't mean that they will achieve it, we are probably above 25k from now on, at least for a while.

I don't think that os possible, because we are way ahead of the $25,000 price and bitcoin prices have stabilized in the $26,000 price region even though the mainstream bad news speculators are busy with fiat traditional financial system, Bitcoin is busy building more market volume that will stabilize the price on long term bases.
Going by the current market trend Bitcoin is on the verge of breaking the $30,000 price benchmark is the current bull persistent push above the $27,000 price kn the next 24 hours.

[Pujangga]

After almost a year of being under $25k and previously being close to $25k but failing, this week the price was already $27k, and when I noticed the $25k was happening in less than 3 hours as the price jumped to $26k, this made us even more optimistic that bitcoin is a very good and promising investment.

[rodskee]

If we pay attention to the price several times approaching $ 25k but not for long it will decrease, in my opinion $ 25k is like an emotional price, naturally many people believe that if they can touch $ 25k it will continue to rise, but looking at market developments so far I am optimistic that $25k will be up as soon as April.

you can say that recently but now that price of bitcoin had a big jump again from 19k to 28k or almost 29k ? so maybe we can see how much potential that price of 30k to be broken again and may bring more than that in the coming days?

I think the 25k resistance is the pressure of profit taking from the bears, although it does not affect the long-term confidence in bitcoin too much, the advantage of bitcoin growth in January is too attractive and increases the pressure.  take profit at the 25k resistance level is what i was thinking.

Taking profit at that resistance level is not mandatory for everyone although it is also very good to have time to do it because right now everyone is looking at the $20K price back in Bitcoin so there is not much to lose when someone takes profit at the $25K resistance level and then buys back at the current price level as the Bitcoin price as of today has fallen back and in fact the price difference is almost $5K compared to last month's high.

we have to decide for our own money.

try not to risk if you cannot take that losing but for me? i love reaching that situation because another momentum will come.

[kotajikikox]

well , i think the worry must end now mate as we are now expecting and speculating about Bitcoin crossing 30kish and not that 25k anymore as we already broken that area.

https://coinmarketcap.com/currencies/bitcoin/

waiting for the next pump and that would be at least 40k before the year ends .

[Kadal Ijo]

Now the price has reached $ 27k even yesterday the price reached more than $ 28500, this proves that bitcoin is still strong, if previously the price seemed difficult to reach $ 25k, this has happened several times and then fell again below $ 20k, and this March it can it says the price jumped over $25k because after reaching $25k it continues to rise until now, hopefully this is a sign of a bull run market.

[Paul Pogba]

Now that we've left the price that many consider to be a sacred price, the price has moved away from $ 25k and soon we will enter the $ 30k level, there is nothing better than to continue to hold and think that this year the market will continue to skyrocket and be able to sell at a higher price.

[cryptomaniac_xxx]

Now that we've left the price that many consider to be a sacred price, the price has moved away from $ 25k and soon we will enter the $ 30k level, there is nothing better than to continue to hold and think that this year the market will continue to skyrocket and be able to sell at a higher price.

So I guess the next logical question is how big the resistance for Bitcoin in reaching $30k?

The closest that we can get right now is $28k and then there is a minor pullback and now we are in the $27k'ish price range. And with that, we have the answer, it's hard and the wall barrier is too high right now to just jump and hop over to $30k.

We need another catalyst or good news to be able to big that barrier, maybe next month, there will be positive news. So let's just continue to be optimistic that the green candle will still continue next month.

[capedbaldy]

So I guess the next logical question is how big the resistance for Bitcoin in reaching $30k?

The closest that we can get right now is $28k and then there is a minor pullback and now we are in the $27k'ish price range. And with that, we have the answer, it's hard and the wall barrier is too high right now to just jump and hop over to $30k.

We need another catalyst or good news to be able to big that barrier, maybe next month, there will be positive news. So let's just continue to be optimistic that the green candle will still continue next month.

Actually there is no difficulty to reach the current $30k price but it's just that the market moment doesn't support achieving a high recovery, it's the same as the market finding it difficult to penetrate the $25k area but after the market moment has support the market will easily pass that price, so we only need waiting for the next moment after the market correction ends.

[STT]

The topic is old enough now that the resistance is support and its relevant that BTC might find 25k again as a place to trade downwards from 30k having lost momentum upwards.   Dollar index bottomed out which has lead to some taking profits in this area across a range of asset types.

[StreakW]

There is no significant resistance for bitcoin to go above $25k. Currently the bitcoin price is trading in the $28k-$29k range. Even if you look at the performance of the crypto market recently, the bitcoin price has the potential to reach above $30k.

[retreat]

-snip-

We need another catalyst or good news to be able to big that barrier, maybe next month, there will be positive news. So let's just continue to be optimistic that the green candle will still continue next month.

It will be quite difficult for Bitcoin to break through $30K USD because we know that there is no strong news which can affect the price of Bitcoin. In fact, most of the recent news is quite negative, such as the uncertain condition of the American economy, conditions of geo-political tensions, and other news that actually drags Bitcoin down and keeps it from breaking through $30K USD. I think this Bitcoin condition will continue until the end of this year or less.

[dragonvslinux]

The topic is old enough now that the resistance is support and its relevant that BTC might find 25k again as a place to trade downwards from 30k having lost momentum upwards.

Although $25K is no longer resistance, I would far from call it support. Since breaking above it this level remains un-tested as support. When price breaks through a resistance level it doesn't automatically make it support, it makes it theoretical support, until price actual confirms it as such, for example at $20K. There is a good chance $25K would act as support, but for now that remains a theory rather than fact.

There is no significant resistance for bitcoin to go above $25k. Currently the bitcoin price is trading in the $28k-$29k range.

In case it's wasn't obvious, this thread was created when price was at $24K, after being rejected from $25K. So at the time, there was significant resistance from $25K.

I'm sure you could also look at threads from years ago talking about resistance at $10K, $6K, $3K and so forth, but it wouldn't be that relevant anymore either.