Topic: Why is there so much resistance for Bitcoin reaching $25,000 - page 5. (Read 748 times)
It is not the market price barrier but the reason for the price increase to break through barriers. We saw sudden price increase with the market prices recently but the reason is undefined which makes the support on the increase weak. Thus, corrections to occur are most likely to happen. As long as there are no exact reason for an increase, expect for declines at certain price points. As many of us believes, continuous price increase is more likely to happen next year because of the anticipated Bitcoin fork or halving. This common belief could trigger huge demand and eventually reflect to the market prices of crypto. For now, waiting for a clear trend line would be more advisable.
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 think quite simply it's because this was the highest level from back in August 2022 and Bitcoin hasn't been higher than ~$25K since June 2022, almost 9 months ago. Often a resistance level is respected not because it's some physiological or relevant level, but simply because that's where price was previously rejected from. It also means that when it breaks, price is able to move much higher quite quickly.
That’s a good point, the price of Bitcoin can’t break this level for almost a year now and that resistance becomes more stronger compare to the demand and that’s why we can’t break it yet. Once Bitcoin started a new rally to challenge the resistance, we might have a good chance for the breakout but for now let’s grab this opportunity to analyze and buy more, we might be able to see another pump before the end of 1st qtr. 
He doesn't seem to be scared but he was only a little annoyed and confused if why is this happening. Some says that it was a manipulation caused by the whales because they can't find any reason for this pull backs. There are no FUDs to be ignored and I think many of us have already bought at a better market price.
Right now, we are only waiting for the bull market to arrive. Anyway, we are already done with the $25k target so people have a little relief now. We now have another target but we aren't really bothered if when we will touch this because we still have an assurance or a limit that if it won't hit by this year, then definitely it will hit by 2024 before or after the BTC halving event.
It's understandable to feel a little annoyed and confused when we experience unexpected price movements. But market fluctuations are a natural part of any investment space, including cryptocurrencies. Though some may attribute the recent pullback to manipulation by whales, it's difficult to know for sure what the exact cause is.Right now, we are only waiting for the bull market to arrive. Anyway, we are already done with the $25k target so people have a little relief now. We now have another target but we aren't really bothered if when we will touch this because we still have an assurance or a limit that if it won't hit by this year, then definitely it will hit by 2024 before or after the BTC halving event.
Setting targets for price movements can be helpful, but you better keep them flexible and adjust them as necessary. It's a great thing if someone can predict a future price movement of a coin but one should also expect that not to happen to avoid unnecessary tensions and problems.
Last week, Bitcoin price hit a resistance peak of $25K, the highest price for the last six months. However, Bitcoin failed to capitalize on the increased momentum, which is likely related to the US inflation data that exceeded expectations. Opportunities for the Federal Reserve to raise interest rates higher and liquidate a large number of assets in the long term to suppress inflation is getting bigger. According to the US government's Bureau of Economic Analysis (BEA), in January 2023, the Personal Consumption Expenditure Price Index (PCE) reached 5.4%, down from 5.6% in the previous two months to 5.3%.
In the short term, Bitcoin price continues to experience uncertainty directly affected by macroeconomic events and the possibility of a potential interest rate hike at the next FOMC.
However, in the longer term, market participants still expect the price of Bitcoin to rise, especially with more banks and financial institutions turning to digital currency.
https://www.bea.gov/news/2023/personal-income-and-outlays-january-2023
In the short term, Bitcoin price continues to experience uncertainty directly affected by macroeconomic events and the possibility of a potential interest rate hike at the next FOMC.
However, in the longer term, market participants still expect the price of Bitcoin to rise, especially with more banks and financial institutions turning to digital currency.
https://www.bea.gov/news/2023/personal-income-and-outlays-january-2023
I think quite simply it's because this was the highest level from back in August 2022 and Bitcoin hasn't been higher than ~$25K since June 2022, almost 9 months ago. Often a resistance level is respected not because it's some physiological or relevant level, but simply because that's where price was previously rejected from. It also means that when it breaks, price is able to move much higher quite quickly.
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.
The more often the level is tested, the higher the probability that there will be a serious pullback from this level, because sellers are not selling bitcoin at this price, and the bulls need a consolidation to consolidate under this level in order to go above 25k with renewed vigor. It is not working out yet, but I think that as long as the bulls are not going to give in to the bear, we might have a resistance breakdown. 
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.
Look. Forget about the noise and take advantage of these moments to accumulate. People look back and think, 'I wish I could have bought at $1,000 or $100!'. In the same way people will look back tomorrow and think I wish I could have bought around $20,000. Better to focus on this perspective than on whether it takes longer or shorter to break $25,000.Right now, we are only waiting for the bull market to arrive. Anyway, we are already done with the $25k target so people have a little relief now. We now have another target but we aren't really bothered if when we will touch this because we still have an assurance or a limit that if it won't hit by this year, then definitely it will hit by 2024 before or after the BTC halving event.
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.
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.
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.
There are a lot of people take profit at $25K, but I don't think that's the only reason why $25K is hard to hold on to.
Corrections can be expected around the way even though bitcoin has been on the rise since entering 2023. I don't mind a correction because basically it's always possible after jump, and I tend to enjoy this volatility to buy on another dip.
Corrections can be expected around the way even though bitcoin has been on the rise since entering 2023. I don't mind a correction because basically it's always possible after jump, and I tend to enjoy this volatility to buy on another dip.
So the best thing we should do right now is if we want to be sure and not get zero in bitcoin, just save little by little in our wallets. And don't waste the opportunity not to do it.
Bitcoin isn't going to be 0, kinda bad to expect it to be. They should realize that prices don't go up forever without reversal behavior, in fact trends can change quickly when the market is influenced by FUD. 
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.
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.
This is a demonstration and proof that no one can say exactly what will happen to what will be the value of bitcoin in the market. Everything will be just the speculation of each individual here in this community.
So the best thing we should do right now is if we want to be sure and not get zero in bitcoin, just save little by little in our wallets. And don't waste the opportunity not to do it.
Because people are taking profits, if they bought at $16k or $17k, selling at $24-25k is a pretty good deal, making 50% profit in a few months is a very good performance. This isn't the big bull market that will break past the ATH, such market will come after the halvening, not before. So there's no big risk of missing out if you sell at a profit now, there's still plenty of opportunities to buy before the halvening. Although the safest strategy is to just wait now, but many traders like to perform these short-term trades.
Yep this dude has a good point event I already take a profit a little when buy at 17K. Maybe some people take profit on that area.
External Factors may be we need to see at least settle on the inflation rate, interest rate and etc.
Technical Site the price need to test the new support at 23K although is very good that we already broke the EMA 200 and followed by golden cross of EMA 100 and the price remains stable above that price
But as a regular trader, taking profits I quite a good way to grow capital and trading between the line can earn passive profits during this period of high market volatility.
Exactly, and that's why there are day or intra day traders, who's willing to take and squeeze some profits and take advantage of the volatility. And for those diamond hands, they are going to hold and accumulate no matter what the price is.
So that's the best and simply explanation, just taking profits at $25k and when they are exhausted and then the bulls started to push it again, then at some point in time we are going to break that barrier, it might take long though, or not going to happen this month.
Because it is difficult to break two resistance levels in a short period, do not forget that a few weeks ago we were at a historical resistance level at 19k, and before that the price was in the range of 17k, so we broke the resistance level at 19k and at 21K and therefore it is difficult to break the second level .
The good news is that the closer we get to it, the easier it will be to break it. Therefore, it is relatively easy to break the 25k, but it is difficult to break the 28k, and so on.
The image below will explain more
The good news is that the closer we get to it, the easier it will be to break it. Therefore, it is relatively easy to break the 25k, but it is difficult to break the 28k, and so on.
The image below will explain more
Because people are taking profits, if they bought at $16k or $17k, selling at $24-25k is a pretty good deal, making 50% profit in a few months is a very good performance. This isn't the big bull market that will break past the ATH, such market will come after the halvening, not before. So there's no big risk of missing out if you sell at a profit now, there's still plenty of opportunities to buy before the halvening. Although the safest strategy is to just wait now, but many traders like to perform these short-term trades.
Yep this dude has a good point event I already take a profit a little when buy at 17K. Maybe some people take profit on that area.
External Factors may be we need to see at least settle on the inflation rate, interest rate and etc.
Technical Site the price need to test the new support at 23K although is very good that we already broke the EMA 200 and followed by golden cross of EMA 100 and the price remains stable above that price
But as a regular trader, taking profits I quite a good way to grow capital and trading between the line can earn passive profits during this period of high market volatility.
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.
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.
Perhaps it was the price that many speculators have set, so when we reach it, automatically sell for them. And after that, there are no buyers or the buyers are outnumbered by the sellers.
And I think the resistance should be in the round numbers like the next one which is $30k.
Although we have some not good news coming from the FEDs, that's why the price is again below $24k. But hopefully next month we will see at least the price hovering to $25k and maintain it. So we just need to have patience.
Since we have seen bitcoin reached $25k and it's like the top of this cycle, every analysis that I've seen is basing there for the next uptrend. If ever bitcoin breaks $25k and pass that price, the tendency of it to reach another top is high. That's what the speculations that I've been reading thus, it will be falling behind and more likely be back under $20k once again.
The situation now is necessary to happen and it's still part of the accumulation period that the market is setting before a quick skyrocketing becomes on set.
Also, we'll never know where the market is leading until the end of the year but we've got some patterns left prior to halving.
The situation now is necessary to happen and it's still part of the accumulation period that the market is setting before a quick skyrocketing becomes on set.
Also, we'll never know where the market is leading until the end of the year but we've got some patterns left prior to halving.
I just think that the time for bitcoin to start increasing over $25k hasn't come yet for the bitcoin price to drop back down to the lows we've seen before. But when the time comes, we'll see a long rally and the price will go above $25k. Again, there's no telling when it could go over $25k and we can only wait and hope it will happen soon so we can start to see the value of our investment grow. So, for now, just enjoy the moment and don't be left behind to buy more bitcoins.
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.
Look. Forget about the noise and take advantage of these moments to accumulate. People look back and think, 'I wish I could have bought at $1,000 or $100!'. In the same way people will look back tomorrow and think I wish I could have bought around $20,000. Better to focus on this perspective than on whether it takes longer or shorter to break $25,000.
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.
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.
As of now, bitcoin is up more than 50% since the bottom, which is a great thing, and a lot of people have made a profit if they bought bitcoin for under $20k. You should not be too greedy when you want bitcoin to only increase continuously and without correction. Bitcoin's price drop is obvious and many people are waiting for it to correct to a good price to buy, while you feel uncomfortable.
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