While Bitcoin continues its struggle for $ 25,000, an interesting share came from the CEO of Binance.
“Say that as fast as you can and see what you get” said Cz.Cz bull cz bull cz bull cz” He shared the form.
With this share of Binance CEO bitcoin Although it rose to $25250, it did not stay here and quickly retreated to $24635.
The famous CEO deleted his post after the movement in BTC. The deleted post is as follows:
Are the Bears Tired?
bitcoin He tried to break $25,000 for the 5th time in the last week, but failed. Given that $25,000 is the neckline, we see a nice ascending triangle forming below this level. While the bears don’t want $25,000 to be broken, they can be considered exhausted when resistance is tested many times.
Why Can’t $25,000 Be Broken?
Although the formations give strong signals that the uptrend will continue with the breakout, $25,000 is a tough resistance.
Because on the weekly chart, we see that BTC is in both the 50-week average and the 200-week average price resistance zone. Although the confluence of the two resistances made it difficult to break $25,000, the bulls did not let the price slacken. If the tired bears give up in the coming days, we could see $25,000 broken. Investors willing to take risks should expect to see a weekly close above $25300.
*Not Investment Advice.
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