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

[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.