{"id":519962,"date":"2023-02-17T03:11:36","date_gmt":"2023-02-17T03:11:36","guid":{"rendered":"https:\/\/wncen.com\/?p=519962"},"modified":"2024-06-11T14:32:35","modified_gmt":"2024-06-11T14:32:35","slug":"bitcoin-price-rejects-25k-again","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-rejects-25k-again\/","title":{"rendered":"Bitcoin Price Rejects $25K Again, Why Dips Still Remain Attractive"},"content":{"rendered":"<p><em>Bitcoin price faced a strong rejection near the $25,000 resistance. BTC remains supported near the $23,400 and $22,950 levels in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin is down over $1,000 after it faced rejection near the $25,000 resistance.<\/li>\n<li>The price is trading above $23,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support near $23,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue higher if it stays above the $23,400 and $22,950 support levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Trims Gains<\/h2>\n<p>Bitcoin price <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-surges-to-25k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">extended its increase<\/a> above the $24,000 resistance zone. BTC even spiked above the $25,000 resistance, but it faced a strong rejection.<\/p>\n<p>A new weekly high was formed near $25,275 and the price started a fresh decline. There was a sharp decline below the $24,500 and $24,200 levels. The price even tested the 50% Fib retracement level of the upward move from the $21,505 swing low to $25,275 high.<\/p>\n<p>The bulls appeared near the $23,400 zone. Bitcoin price is now trading above $23,000 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-lift-off-to-23k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. There is also a connecting bullish trend line forming with support near $23,450 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>On the upside, an immediate resistance is near the $24,000 level. The next major resistance is near the $24,400 zone. A clear move above the $24,400 resistance might resend the price towards the $25,000 resistance zone.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-519963\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin-12.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>A close above the $25,000 resistance might start another decent increase. In the stated case, the price may perhaps rise towards the $25,250 level. The next resistance could be near the $25,850 level, followed by $26,200.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin price fails to clear the $24,400 resistance, it could continue to move down. An immediate support on the downside is near the $23,400 zone and the trend line.<\/p>\n<p>The next major support is near the $22,950 zone. It is near the 61.8% Fib retracement level of the upward move from the $21,505 swing low to $25,275 high. If there is a downside break, the price might gain bearish momentum. The next major support is near the $22,750 level, below which the price might decline towards the $22,200 support.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $23,400, followed by $22,950.<\/p>\n<p>Major Resistance Levels \u2013 $24,000, $24,400 and $25,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price faced a strong rejection near the $25,000 resistance. BTC remains supported near the $23,400 and $22,950 levels in the near term. Bitcoin is down over $1,000 after it faced rejection near the $25,000 resistance. The price is trading above $23,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $23,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue higher if it stays above the $23,400 and $22,950 support levels. Bitcoin Price Trims Gains Bitcoin price extended its increase above the $24,000 resistance zone. BTC even spiked above the $25,000 resistance, but it faced a strong rejection. A new weekly high was formed near $25,275 and the price started a fresh decline. There was a sharp decline below the $24,500 and $24,200 levels. The price even tested the 50% Fib retracement level of the upward move from the $21,505 swing low to $25,275 high. The bulls appeared near the $23,400 zone. Bitcoin price is now trading above $23,000 and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support near $23,450 on the hourly chart of the BTC\/USD pair. On the upside, an immediate resistance is near the $24,000 level. The next major resistance is near the $24,400 zone. A clear move above the $24,400 resistance might resend the price towards the $25,000 resistance zone. Source: BTCUSD on TradingView.com A close above the $25,000 resistance might start another decent increase. In the stated case, the price may perhaps rise towards the $25,250 level. The next resistance could be near the $25,850 level, followed by $26,200. More Losses in BTC? If bitcoin price fails to clear the $24,400 resistance, it could continue to move down. An immediate support on the downside is near the $23,400 zone and the trend line. The next major support is near the $22,950 zone. It is near the 61.8% Fib retracement level of the upward move from the $21,505 swing low to $25,275 high. If there is a downside break, the price might gain bearish momentum. The next major support is near the $22,750 level, below which the price might decline towards the $22,200 support. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $23,400, followed by $22,950. Major Resistance Levels \u2013 $24,000, $24,400 and $25,000.<\/p>\n","protected":false},"author":67,"featured_media":464159,"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":[428,679,1144,78790,76835],"class_list":["post-519962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Rejects $25K Again, Why Dips Still Remain Attractive<\/title>\n<meta name=\"description\" content=\"Bitcoin price faced a strong rejection near the $25,000 resistance. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Rejects $25K Again, Why Dips Still Remain Attractive","url":"http:\/\/wncen.com\/news\/bitcoin-price-rejects-25k-again\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-rejects-25k-again\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_638895124.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_638895124.jpg?fit=1000%2C574"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"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","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-02-17T03:11:36Z","datePublished":"2023-02-17T03:11:36Z","dateModified":"2024-06-11T14:32:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rejects $25K Again, Why Dips Still Remain Attractive\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-rejects-25k-again\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-rejects-25k-again\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_638895124.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_638895124.jpg?fit=1000%2C574\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"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\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-02-17T03:11:36Z\",\"datePublished\":\"2023-02-17T03:11:36Z\",\"dateModified\":\"2024-06-11T14:32:35Z\"}<\/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\/2021\/05\/shutterstock_638895124.jpg?fit=1000%2C574","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519962"}],"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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=519962"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/464159"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=519962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=519962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=519962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}