{"id":484454,"date":"2022-08-14T13:01:11","date_gmt":"2022-08-14T10:01:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top\/"},"modified":"2022-08-14T13:01:11","modified_gmt":"2022-08-14T10:01:11","slug":"bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top\/","title":{"rendered":"# Bitcoin hits $25K as bearish voices call BTC price &#8216;double top&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40b5fa10b4d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40b5fa10b4d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top\/#%E2%80%9D_Bitcoin_hits_25K_as_bearish_voices_call_BTC_price_%E2%80%98double_top_%E2%80%9C\" >&#8221; Bitcoin hits $25K as bearish voices call BTC price &#8216;double top&#8217; &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top\/#Weekend_produces_brief_25000_tap_for_BTC\" >Weekend produces brief $25,000 tap for BTC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top\/#Ethereum_double_down_on_2000\" >Ethereum double down on $2,000<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_hits_25K_as_bearish_voices_call_BTC_price_%E2%80%98double_top_%E2%80%9C\"><\/span>&#8221; Bitcoin hits $25K as bearish voices call BTC price &#8216;double top&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/392715b7-6bf6-449b-8f85-9719161327e3.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Weekend_produces_brief_25000_tap_for_BTC\"><\/span>Weekend produces brief $25,000 tap for BTC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0tracked a sudden run-up on BTC\/USD, which hit $25,050 on Bitstamp in a $350 hourly candle.<\/p>\n<p>The move took the pair to a new personal best since June 13, erasing more of the losses seen that day in what remains a significant BTC price correction.<\/p>\n<p>Analyzing the market setup, however, familiar bearish tones remained.\u00a0<\/p>\n<p>For popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Il Capo of Crypto, the latest highs <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to provide the last piece of the puzzle before a new downtrend set in.<\/p>\n<p>Il Capo had previously called for a peak of $25,000-$25,500 before Bitcoin changed direction to head lower.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Little bit higher and <\/p>\n<p>\u2014 il Capo Of Crypto (@CryptoCapo_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoCapo_\/status\/1558476371713728513?ref_src=twsrc%5Etfw\">August 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;$25k reached but no bearish signs yet on ltf,&#8221; it added in a subsequent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoCapo_\/status\/1558738580964614145\">post<\/a>. <\/p>\n<blockquote><p>&#8220;We could see another leg up to 25400-25500, but imo the top of this bear market rally is very close. Most altcoins are reaching major resistances.&#8221;<\/p><\/blockquote>\n<p>Cautious too was fellow trader Crypto Tony, who demanded Bitcoin flip its multi-month range resistance at $24,500 to support to consider long positions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> \/ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USD<\/a> &#8211; Update <\/p>\n<p>Looking for that range high flip into support before i look to re long legends  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/UQ99hWO8w4\">pic.twitter.com\/UQ99hWO8w4<\/a><\/p>\n<p>\u2014 Crypto Tony (@CryptoTony__) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1558703214559604736?ref_src=twsrc%5Etfw\">August 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Others were hopeful of trend continuation, including Dave the wave, who eyed encouraging signs on Bitcoin&#8217;s moving average convergence divergence (MACD) indicator as proof.<\/p>\n<p>A classic trend indicator, MACD allows traders to measure the strength of a particular chart trend, giving buy and sell signals over multiple timeframes in the process.<\/p>\n<p>&#8220;Plenty of upward pressure building at a level of resistance,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/davthewave\/status\/1558548414442352641\/photo\/1\">summarized<\/a> on the day.<\/p>\n<blockquote><p>&#8220;Weekly MACD about to cross from an over-sold position well below the zero-line. Bullish.&#8221;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/davthewave\/status\/1558548414442352641\/photo\/1\"><\/a><\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/c9ba4bea-67e2-4eea-8350-4d36232b997b.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart with MACD. Source: Dave the wave\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_double_down_on_2000\"><\/span>Ethereum double down on $2,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A more modest spike meanwhile played out for largest altcoin Ethere (ETH), which managed $2,030 on the day.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Bitcoin traders still favor new $20K lows as Ethereum hits $2K<\/em><\/strong><\/p>\n<p>After passing the $2,000 mark for the first time since May earlier in the weekend, ETH\/USD appeared to be in consolidatory mode with no significant momentum continuing.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/5a15f961-2220-4149-b68c-035c87a2e468.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-hour candle chart (Binance). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Looking forward, however, there were plenty of traders willing to bet on bullish times ahead.<\/p>\n<p>&#8220;We continue to follow the structure of the last cycle perfectly and most people are still in disbelief. $5.000 Dollar (+) for $ETH isn&#8217;t just a meme,&#8221; Moustache <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/el_crypto_prof\/status\/1558421160492236800\">argued<\/a> alongside a comparative chart of Ethereum now versus 2016-17,<\/p>\n<p>Should a retracement set in, meanwhile, Jackis eyed old resistance on the ETH\/BTC pair as an entry point.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">How can anyone be bearish on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> &amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\">#ETH<\/a> \/ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> here is beyond me.<\/p>\n<p>This is the macro chart and we just got a 2M breaker.<\/p>\n<p>Whenever we get the retest of 0.0725 I&#8217;ll be bidding with my networth targeting 0.115 <\/p>\n<p>Bullish for the next two years <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CYRxNaMfLF\">pic.twitter.com\/CYRxNaMfLF<\/a><\/p>\n<p>\u2014 JACKIS (@i_am_jackis) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/i_am_jackis\/status\/1558596169718239232?ref_src=twsrc%5Etfw\">August 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>ETH\/USD still circled $2,000 at the time of writing, with ETH\/BTC hitting 8-month highs.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin hits $25K as bearish voices call BTC price &#8216;double top&#8217; &#8220; Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekend produces brief $25,000 tap for BTC Data from Cointelegraph&#8230;<\/p>\n","protected":false},"author":1,"featured_media":484455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMjRkMjgwMGYtNWYzMS00YmViLWFjY2YtMDNmZmQwMDkxZDFiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-484454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=484454"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/484455"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=484454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=484454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=484454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}