{"id":553947,"date":"2023-02-19T19:49:58","date_gmt":"2023-02-19T16:49:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k\/"},"modified":"2023-02-19T19:49:58","modified_gmt":"2023-02-19T16:49:58","slug":"bitcoin-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k\/","title":{"rendered":"# Bitcoin continues to &#8216;mirror&#8217; 2017 as weekend sees third attack on $25K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a262477535a3\" 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-6a262477535a3\" 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-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k\/#%E2%80%9D_Bitcoin_continues_to_%E2%80%98mirror_2017_as_weekend_sees_third_attack_on_25K_%E2%80%9C\" >&#8221; Bitcoin continues to &#8216;mirror&#8217; 2017 as weekend sees third attack on $25K &#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-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k\/#Analysis_warns_over_whale_moves\" >Analysis warns over whale moves<\/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-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k\/#2017_comparison_suggests_%E2%80%9Cbig_move%E2%80%9D_in_coming_week\" >2017 comparison suggests &#8220;big move&#8221; in coming week<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_continues_to_%E2%80%98mirror_2017_as_weekend_sees_third_attack_on_25K_%E2%80%9C\"><\/span>&#8221; Bitcoin continues to &#8216;mirror&#8217; 2017 as weekend sees third attack on $25K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Bitcoin (BTC) t<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>ed $25,000 for a third time on Feb. 19 as an all-important weekly close approached.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/10c98a6e-6026-47c0-a2d5-804dbd3126cb.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=\"Analysis_warns_over_whale_moves\"><\/span>Analysis warns over whale moves<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> showed BTC\/USD hitting $25,038 on Bitstamp.<\/p>\n<p>Out-of-hours trading continued to see bulls pushing for a support-resistance flip of the key level, this marking the start of a major resistance cloud involving several long-term trend lines.<\/p>\n<p>With everything to play for into the weekly close, the atmosphere among traders was tense.<\/p>\n<p>&#8220;Sunday price movement can typically only be trusted towards daily close. Other than that, just gotta hope it stays in current range,&#8221; popular trader Josh Rager <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Rager\/status\/1627329751814746112\">acknowledged<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>.<\/p>\n<p>Analyzing Binance order book activity, monitoring resource Material Indicators warned that large-volume players were still manipulating spot price by moving bid and ask levels.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FireCharts?src=hash&amp;ref_src=twsrc%5Etfw\">#FireCharts<\/a> 2.0 (beta) shows &#8220;they&#8221; just cleared a path to $25.2k, but &#8220;they&#8221; also pulled the notorious bid wall and moved it down to ~$23,450.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/RiskManagement?src=hash&amp;ref_src=twsrc%5Etfw\">#RiskManagement<\/a> for the W. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/RFKTc0CfYT\">pic.twitter.com\/RFKTc0CfYT<\/a><\/p>\n<p>\u2014 Material Indicators (@MI_Algos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1627336434775384064?ref_src=twsrc%5Etfw\">February 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cThe notorious BTC buy wall moved AGAIN!\u201d it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1627040512124551169\">wrote<\/a> in a previous update. <\/p>\n<blockquote><p>\u201cIt appears they are trying to push price into their own asks. If they can attract enough buyers to clear $25k there&#8217;s little friction to $26k and thin air to $30k. No clue how long they can do this. Happy to play along.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/a94a963c-468c-41df-b115-92942444dee2.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD order book data (Binance). Source: Material Indicators\/ Twitter<\/em><\/figcaption><\/figure>\n<p>At the time of writing, volatility continued to edge back into spot markets with still more than six hours remaining until the UTC weekly candle close.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2017_comparison_suggests_%E2%80%9Cbig_move%E2%80%9D_in_coming_week\"><\/span>2017 comparison suggests &#8220;big move&#8221; in coming week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The longer-term view meanwhile formed cause for calm for trading suite Decentrader on the day.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin faces do-or-die weekly, monthly close with macro bull trend at stake<\/em><\/strong><\/p>\n<p>Comparing current price behavior to Bitcoin&#8217;s previous four-year halving cycle, the firm argued that in fact, everything was playing out in line with historical norms.<\/p>\n<p>&#8220;The recent move from $17k to $23k matches the 2017 move around the 1000 day mark,&#8221; it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/decentrader\/status\/1626866606474403841\/photo\/1\">tweeted<\/a> alongside an explanatory chart. <\/p>\n<blockquote><p>&#8220;Price ranged and moved slightly higher for 30 days and then put in another big move of roughly equal size. If Bitcoin continues to mirror 2017 we could be in for a big move this week.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/decentrader\/status\/1626866606474403841\/photo\/1\"><\/a>&#8220;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/5b5f8629-d059-44a5-a66e-8c3ad31d9120.png\"><figcaption style=\"text-align: center;\"><em>BTC price comparative chart. Source: Decentrader\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Decentrader CEO Filbfilb additionally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/decentrader\/status\/1626866606474403841\">stated<\/a> that $180,000 was &#8220;the target&#8221; for BTC\/USD upside.<\/p>\n<p>&#8220;I\u2019ll finesse with rational later but this is the short form,&#8221; he added.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/filbfilb\/status\/1627304139901247488\"><\/a><\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\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-continues-to-mirror-2017-as-weekend-sees-third-attack-on-25k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin continues to &#8216;mirror&#8217; 2017 as weekend sees third attack on $25K &#8220; Bitcoin (BTC) tapped $25,000 for a third time on Feb. 19 as an all-important weekly close approached. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis warns over whale moves Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD hitting $25,038 on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":553948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/5aa38aba-7f94-4b5a-b148-51b144ecf63d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-553947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/553947","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=553947"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/553947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/553948"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=553947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=553947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=553947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}