Bitcoin market prices have witnessed a lot of resistance and several attempts to make a head up the price of $25k after several weeks of a downtrend, there have been a lot of speculations surrounding the present market situation. But with the right thought and analysis, I am sure if Bitcoin could break the present resistance price moving upward would be that hard anymore.
It isn't the right thought and analysis that fuel the Bitcoin rally. It is the participation of the institution, FOMO-ing of traders and news affect the movement of Bitcoin. So if hype and FOMO is present, I bet that $23k will get eatin easily. Bitcoin had done that for several times now.
There are so many factors surrounding the btc price. And it is the combination of those that you mentioned. Up until now, we can't pinpoint which contributors largely influence the market price. But we are always hoping that it will go up and break a certain level. But before that happens, we should be ready so as not to regret once the price starts climbing up.
Whatever factor Bitcoin price resistance and movement now? yet we knew that bitcoin price increases in time and decreases sometimes but now I believe that resistance stands above that 23k and now that we are experiencing below 23k again staying at 22k
Bitcoin is now in deliberation , and maybe there will be another dumping coming soon as the movements showing now.