I think that the resistance at $23k is a weak resistance, its not that strong, as compared to the resistance at $25k. We all can see the sharp rejection after it had reached $25k. It will break those resistance soon its just a matter of time. But I'm having a feeling that bitcoin might test 21k again the upward movement is not yet confirmed totally, but I believe that the bear season will soon be over
Then you can't call it resistance as all if it can withstand that price, but I do agree that $25,000 is the real resistance because we have been rejected many times upon reaching this price. And as we can see in the last month, we moved from $20,000-$25,000 and that has been our price action.
Quickly glancing at the price, we are still in the $23,500 range, so not sure if we will retest $21,000 again. I mean the support at $22,000-is very weak. Unless some negative news again affecting investors mindset and sold short term.
Well like I said earlier and much more expected, bitcoin went below $23k and hit a low of $21.3,in crypto space nothing is impossible, just one candle can push bitcoin up to 30k and also a single candle can take it to 10k, the manipulation here is real, I knew that bitcoin would reject the 23k resistance despite the fact that its not a strong resistance as the 25k,no negative news just pure price movement and boom 21k