{"id":496260,"date":"2022-07-20T17:00:11","date_gmt":"2022-07-20T17:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=496260"},"modified":"2024-06-11T14:21:44","modified_gmt":"2024-06-11T14:21:44","slug":"why-bitcoin-must-beat-25500-to-establish-a-bull-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-bitcoin-must-beat-25500-to-establish-a-bull-rally\/","title":{"rendered":"Why Bitcoin Must Beat $25,500 To Establish A Bull Rally"},"content":{"rendered":"<p class=\"p2\">Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further. As bitcoin trends at $23,000, there is significant resistance mounting up ahead, presenting various important technical levels.<\/p>\n<h2 class=\"p2\">Bitcoin Must Beat $25,500<\/h2>\n<p class=\"p2\">Even though bitcoin is making its way towards $24,000 in a tremendous bull trend, there are still some technical levels that the digital asset must beat in order to fully establish its arrival in a bull market. An example was the resistance that mounted at $22,000, but the fight was far from over.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-dominance-dives-as-ethereum-takes-up-more-space\/\">Bitcoin Dominance Dives As Ethereum Takes Up More Space<\/a><\/strong><\/em><\/p>\n<p class=\"p2\">As support had begun to build up at this previously hard-to-beat resistance level, the bears had moved their defense position further. Presently, bitcoin faces the most opposition when it inevitably makes its break above $25,000. The resistance at $25,500 is so prominent that any sign of sell-offs will turn the tide in favor of the bears.<\/p>\n<p class=\"p2\">An even more important point is at $28,000. This is because the price point was a yearly low level in 2021. As such, it has become a level to hold for both bulls and bears, depending on what direction they wish to drag the cryptocurrency in.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/JbcLWOdZ\/\" alt=\"Bitcoin price chart from TradingView.com\" width=\"3284\" height=\"1760\"><\/p>\n<pre style=\"text-align: center\">BTC recovers close to $24,000 | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">So even though bitcoin had seen some trouble breaking out of the consolidation range high of $23,000, it was not the hardest level to beat for the asset. This means that bitcoin\u2019s hold on its current price level remains shaky at best.<\/p>\n<p class=\"p2\">If it is unable to hold and falls back down below $22,000, there is every possibility that its price will fall to $19,000, which is where the next significant support levels lie. It is also the support level that propped up its price through the rough early June market.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/crypto\/the-worst-may-be-over-as-crypto-market-adds-more-than-100-billion\/\">The Worst May Be Over As Crypto Market Adds More Than $100 Billion<\/a><\/strong><\/em><\/p>\n<p class=\"p2\">The market looks promising for the digital asset due to its recent bullish breakout. It is expected that this may lead to more shorts offside in the market and would likely propel the digital asset forward. A break toward $30,000 is unlikely at this point but if bitcoin is able to successfully beat the $25,500 resistance, there is a large chance that the price will see $30,000 before starting back down once more.<\/p>\n<pre style=\"text-align: center\">Featured image from Reuters, chart from TradingView.com<\/pre>\n<p><span class=\"s1\"><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/BestOwie\" rel=\"nofollow\"><b><i>Best Owie on Twitter<\/i><\/b><\/a><b><i> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further. As bitcoin trends at $23,000, there is significant resistance mounting up ahead, presenting various important technical levels. Bitcoin Must Beat $25,500 Even though bitcoin is making its way towards $24,000 in a tremendous bull trend, there are still some technical levels that the digital asset must beat in order to fully establish its arrival in a bull market. An example was the resistance that mounted at $22,000, but the fight was far from over. Related Reading |\u00a0Bitcoin Dominance Dives As Ethereum Takes Up More Space As support had begun to build up at this previously hard-to-beat resistance level, the bears had moved their defense position further. Presently, bitcoin faces the most opposition when it inevitably makes its break above $25,000. The resistance at $25,500 is so prominent that any sign of sell-offs will turn the tide in favor of the bears. An even more important point is at $28,000. This is because the price point was a yearly low level in 2021. As such, it has become a level to hold for both bulls and bears, depending on what direction they wish to drag the cryptocurrency in. BTC recovers close to $24,000 | Source: BTCUSD on TradingView.com So even though bitcoin had seen some trouble breaking out of the consolidation range high of $23,000, it was not the hardest level to beat for the asset. This means that bitcoin\u2019s hold on its current price level remains shaky at best. If it is unable to hold and falls back down below $22,000, there is every possibility that its price will fall to $19,000, which is where the next significant support levels lie. It is also the support level that propped up its price through the rough early June market. Related Reading |\u00a0The Worst May Be Over As Crypto Market Adds More Than $100 Billion The market looks promising for the digital asset due to its recent bullish breakout. It is expected that this may lead to more shorts offside in the market and would likely propel the digital asset forward. A break toward $30,000 is unlikely at this point but if bitcoin is able to successfully beat the $25,500 resistance, there is a large chance that the price will see $30,000 before starting back down once more. Featured image from Reuters, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":496276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,78790,79520],"class_list":["post-496260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtcusd"],"acf":[],"yoast_head":"\n<title>Why Bitcoin Must Beat $25,500 To Establish A Bull Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. 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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Bitcoin Must Beat $25,500 To Establish A Bull Rally","url":"http:\/\/wncen.com\/news\/why-bitcoin-must-beat-25500-to-establish-a-bull-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/why-bitcoin-must-beat-25500-to-establish-a-bull-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/bitcoin-9-scaled.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/bitcoin-9-scaled.jpeg?fit=2560%2C1706"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","btcusdt","xbtcusd"],"dateCreated":"2022-07-20T17:00:11Z","datePublished":"2022-07-20T17:00:11Z","dateModified":"2024-06-11T14:21:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Bitcoin Must Beat $25,500 To Establish A Bull Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-bitcoin-must-beat-25500-to-establish-a-bull-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-bitcoin-must-beat-25500-to-establish-a-bull-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/bitcoin-9-scaled.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/bitcoin-9-scaled.jpeg?fit=2560%2C1706\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"xbtcusd\"],\"dateCreated\":\"2022-07-20T17:00:11Z\",\"datePublished\":\"2022-07-20T17:00:11Z\",\"dateModified\":\"2024-06-11T14:21:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/bitcoin-9-scaled.jpeg?fit=2560%2C1706","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/496260"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=496260"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/496260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/496276"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=496260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=496260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=496260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}