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

[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 .

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[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.