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.
Topic: Why is there so much resistance for Bitcoin reaching $25,000 - page 4. (Read 738 times)
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.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.
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.
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.
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.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.
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.
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.
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. 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.
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.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.
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.
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. 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.
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.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 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 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.
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.
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.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 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 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.
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.
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.
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.
~
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.
$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.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.
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.
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.
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. 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.
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.
$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.
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.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 Jump to: