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

[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.

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[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.