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

[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.

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[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.