What price levels matter for BTC right now? Bitcoin traders line up the areas to watch.
The pair had hit fresh six-month highs the day prior, these facingBTC/USD 1-week candle chart with 200MA. Source: TradingView
Scott Melker, the trader and podcast host known as “The Wolf of All Streets,” stressed the importance of levels acting as lines in the sand for bulls. “$25,212. I've been screaming about this number for weeks. A break above makes a higher high for the first time since $69,000,” he“That breaks the bear trend. Just tapped it, to the penny... and dropped in the short term. Time to pay attention!”Investigating activity on exchanges, monitoring resource Material Indicators identified bid support inching higher, taking spot price with it.
“The notorious BTC buy wall we've been tracking for 5 weeks just strategically moved again, this time just above the 21-Day Moving Average,” itAccompanying data from the Binance BTC/USD order book also showed resistance laddered up to $25,600 — well above the site of the 200-week MA, which flipped from support to resistance last August.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Nears $25,000, Whilst ETH Hits $1,700 – Market Updates Bitcoin NewsBitcoin moved significantly higher on Feb. 16, as the world’s largest cryptocurrency hit its strongest point since last August.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $25,000 Following Recent Surge – Market Updates Bitcoin NewsBitcoin fell below the $25,000 mark on Friday, as markets moved into consolidation, following recent gains.
Read more »
BTC Eyes $25K for the First Time Since August as Crypto Markets Add $100B: Market WatchOKB tapped a new all-time high following a massive 15% daily surge.
Read more »
Bitcoin price hits $25K in new 2023 highBitcoin (BTC) has surged over $25,000, reaching a new milestone for 2023, despite increasing macroeconomic uncertainty and regulatory crackdowns in the industry.
Read more »
Market Watch: Bitcoin Rejected at $25K, Filecoin Explodes 18%Filecoin has stolen the show today with a massive double-digit price surge.
Read more »
Bitcoin Jumps Past $25K for First Time Since June 2022Bitcoin roared past $25K for the first time since June before retreating below the threshold. JPRubin23 and _jocelynyang_ write
Read more »