{"id":554605,"date":"2023-02-21T12:29:01","date_gmt":"2023-02-21T09:29:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns\/"},"modified":"2023-02-21T12:29:01","modified_gmt":"2023-02-21T09:29:01","slug":"bitcoin-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns\/","title":{"rendered":"# Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns"},"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-6a261e6510bde\" 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-6a261e6510bde\" 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-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns\/#%E2%80%9D_Bitcoin_sees_fresh_25K_rejection_as_pre-Wall_Street_volatility_returns_%E2%80%9C\" >&#8221; Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns &#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-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns\/#Bitcoin_unsettled_before_Wall_Street_open\" >Bitcoin unsettled before Wall Street open<\/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-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns\/#Analyst_BTC_price_action_echoing_July_2021\" >Analyst: BTC price action echoing July 2021<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_sees_fresh_25K_rejection_as_pre-Wall_Street_volatility_returns_%E2%80%9C\"><\/span>&#8221; Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support failed.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/3473e263-314b-4083-8a53-f28c99b58587.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=\"Bitcoin_unsettled_before_Wall_Street_open\"><\/span>Bitcoin unsettled before Wall Street open<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 $25,250 on Bitstamp.<\/p>\n<p>A firm rejection on hourly timeframes then saw the pair return below $24,750, maintaining a trading range in place throughout the weekend.<\/p>\n<p>With a Wall Street on Feb. 20, Bitcoin faced three days of \u201cout-of-hours\u201d trading featuring thinner liquidity and more risk of volatile moves up and down.<\/p>\n<p>These, to some extent, came to pass, with efforts to beat the prior week\u2019s highs being short-lived, resulting in liquidations of both long and short traders, data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a> confirms.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/055bcb8d-f5d5-474e-af6d-25201fd84ba2.png\"><figcaption style=\"text-align: center;\"><em>BTC liquidations chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p>Monitoring resource Material Indicators continued to track the source of flash volatility, coming in the form of whale traders on exchanges attempting to move the market with mass bid and ask liquidity.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Update on the range set by the Notorious B.I.D.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FireCharts?src=hash&amp;ref_src=twsrc%5Etfw\">#FireCharts<\/a> shows ask liquidity laddered up to ~$26.5k and it <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>ears liquidity in that range is getting trickled into the active <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/trading?src=hash&amp;ref_src=twsrc%5Etfw\">#trading<\/a> range and replenishing resistance at $25k. Want to see more bids above $24k to retest $25k. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/RW0MMxCuIl\">pic.twitter.com\/RW0MMxCuIl<\/a><\/p>\n<p>\u2014 Material Indicators (@MI_Algos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1627762698262925317?ref_src=twsrc%5Etfw\">February 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201c2500 BTC in sell orders stacked between $24.8\u201325.3K on the BTC\/USDT pair,\u201d popular trader Daan Crypto Trades <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DaanCrypto\/status\/1627771049872969729\">continued<\/a>. <\/p>\n<blockquote><p>\u201cCould be for three reasons: 1. Actual sell orders. 2. Orders to suppress price to fill orders before pulling them or buying into them later. 3. Orders to walk price down.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9acb4390-fd1b-4587-99c0-dfa4a7e8d76e.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT order book data (Binance). Source: Daan Crypto Trades\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Fellow trader Crypto Tony was likewise cautious on the potential for resistance to be overcome.<\/p>\n<p>\u201cWe are grinding $25,000 once again here, but the question remains do we stay above that resistance zone, or deviate and come back down,\u201d part of a Twitter commentary\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1627935157801078784\">stated<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_BTC_price_action_echoing_July_2021\"><\/span>Analyst: BTC price action echoing July 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In an update on an existing theory, Venturefounder, a contributor to on-chain analytics platform CryptoQuant, predicted a retest of lower levels before upward continuation for Bitcoin.<\/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>He based this on market conditions from mid-2021, when BTC\/USD produced a \u201cdouble top\u201d all-time high in April and November, respectively.<\/p>\n<p>\u201c$25k BTC is very alike $31k in July 2021,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/venturefounder\/status\/1627857945257029632\">argued<\/a>.<\/p>\n<blockquote><p>\u201cBitcoin might go above it in a \u2018Fakeout\u2019 but likely retest lower support before consolidation and resume to the uptrend.\u201c<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/7d301e9e-2577-4b64-92b6-9975b99075c3.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Venturefounder\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Venturefounder cautioned that macroeconomic events could weaken Bitcoin and crypto more broadly \u2014 part of a complex <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of predictions from crypto sources for the upcoming year.<\/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-sees-fresh-25k-rejection-as-pre-wall-street-volatility-returns\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns &#8220; Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support failed. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin unsettled before Wall Street open Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD hitting $25,250 on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":554606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9cf044e1-4479-4907-b0e9-8e0880b0da9a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-554605","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\/554605","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=554605"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/554606"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=554605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=554605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=554605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}