Bitcoin tries to relax, come next to $ 25,000? (BTC price analysis)

Bitcoin tries to relax, come next to $ 25,000? (BTC price analysis)
The price of Bitcoin has consolidated under a significant level of resistance in the past few weeks after he was not able to break it up again and again. While there is still a high probability that the price will exceed this decisive point, several levels of support are also available if there is a sweater.
technical analysis
from: Edris
the daily -type
on the daily chart, the price has recently been rejected by the important resistance brand of $ 25,000. At the moment, the sliding 50-day average, which is around $ 23,000, offers support and could push the price up to test the level of $ 25,000 again, in this case an interest bully outbreak is more likely.
If, in contrast, the sliding 50-day average is broken down, the sliding 200-day average, which tends around the psychological level of $ 20,000, could come into play and prevent a further decline.
Tradingview
The 4-hour diagram
Within this time frame, the recent fluctuations become much clearer. After a rejection of $ 25,000, the price fell to the level of support of $ 22,500, whereby the support mentioned is holding the market successful.
At the moment, cryptocurrency seems to be aiming for $ 25,000 again, and the likelihood of a breakthrough over this point would be higher than before if the price can reach it. On the other hand, in the event of a deeper withdrawal and a decline under $ 22,500, the $ 21,000 mark would be the next area that needs to be observed.
The RSI indicator also shows values over 50 %, which indicates the interest bully momentum in this time frame, which makes the positive scenario more likely.
Tradingview
onchain analysis
of Shayan
The Exchange Inflow CDD measures the CDD value of coins, which were destroyed by incoming stockings. High values indicate that more long -term owners have postponed their coins to the stock exchanges with the possibility of distribution.
The Metrik rose every time the price rose to break an important sentimental price level, a sign of a significant surrender. For example, the price after the massive crash due to China's Fud in July 2021 fell to the decisive level of $ 30,000, and after the Exchange Inflow CDD suddenly reached a climax, Bitcoin found the ground and started an impulsive rally.
last, after Bitcoin crashed to the level of $ 16,000, the key figure experienced an increase and reached the same level as in July 2021. Immediately afterwards the price began upwards, and many believe that Bitcoin found its low point at $ 16,000
Due to the historical behavior of Exchange Inflow CDD, there is a high probability that Bitcoin has initiated the next bull market. Due to the nature of the cryptocurrency market, it is important to also consider the alternative.
Cryptoquant
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