Bitcoin levels to watch as BTC price rejects at key $25K trendline
It's all about a sea of Bitcoin resistance around $25,000 as the week draws to a close, but some favor the good times continuing. Bitcoin (BTC) climbed back above $24,000 at the Feb. 17 Wall Street open as Analysis favored “consolidation and continuation” higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin faces key level to "break" bear trend Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering some overnight losses after dipping to $23,369 on Bitstamp. The pair had hit fresh six-month highs the day prior, these facing stiff resistance in the form of two weekly moving averages (MAs) and a heavy sell wall. BTC/USD 1-week candle chart (Bitstamp) with 200MA. Source: TradingView Scott Melker, the trader and podcast host known as “The Wolf of All Streets,” stressed the importance of level s acting as lines in the sand for bulls. “$25,212. I've been screaming about this number for weeks. A break above (ideally close) makes...