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
No manipulation this time dude, just people fearmonger over the FED hint of interest rate hikes continuing. They must saw many countries in the EU showing a record high inflation rate recently. Implying FED interest rate hikes will soon pick up to fight it too. I guess many who have bought BTC at below $20k now cashing out since it was a decent profit after all. And with the FED hint just like that, why would you keep holding, right? All seem very sensible, not seeing why you think it was "the manipulation" here.
btw, the $23k resistance is not a real resistance in my definition. How long BTC has been over this resistance price? Since 10/08/2022? Just for 10 days. And you think it was a resistance price? Any time it comes close to but turns back with a strong push? See how it shouldn't be considered as a resistance price and why it was broken?