-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. 
Topic: Why is there so much resistance for Bitcoin reaching $25,000 - page 2. (Read 680 times)
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. 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.
-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.
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...
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.
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.
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...
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.
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...
It was a good topic while it lasted, many different opinions, but otherwise won't serve much purpose with price above $25K...
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.
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.
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.
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. 
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.
The bears were (and are) still in power to hold it back under $25000. And after the news about:
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.
- 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.
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 .Quote
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 .
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. legendary
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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.
The bears were (and are) still in power to hold it back under $25000. And after the news about:
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.
- 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.
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.
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.
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.
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.
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.Jump to: