Bitcoin Rejected Twice at $25,000: What’s the Next Move?

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bitcoin It was fluctuating between $23,000 and $24,000 last week. BTC price reached $25,000, the last one yesterday, but was rejected twice. This decline seems to correlate with Wall Street.

Three of the leading US stock indexes, the S&P 500 and the Dow Jones, fell 2%. On the other hand, the Nasdaq lost about 4%. Bitcoin, on the other hand, has lost 2.10% in the last 24 hours.

The analyst, known by the alias Inmortal, believes that the BTC price will go on a bull run after retesting the $24,000 support. stated.

Koinfinans.com As we have reported, another renowned analyst, Michael van de Poppe, has a much more positive outlook. According to the analyst, the correction in the market along with the US market is an opportunity to buy.

bitcoin price The move is at a crucial stage where it is important for the currency to hold in the $24,000 area to win its next bull run. Immediate resistance is at $24,000, while support is at $24,000.

Altcoins to Follow Bitcoin Price?

On the other hand, Inmortal also made predictions of altcoins such as Ethereum, Solana and Chainlink before completing its analysis. The strategist believes that Ethereum price is about to rise to $2,100.

Currently, Ethereum is trading at $1,643, down 2.26% over the past 24 hours.

Solana, on the other hand, looks set for a bull run after breaking the key $25 level.

Solana is currently trading at $23.60, after a 6.34% pullback in the last 24 hours.

Finally, Inmortal predicts that Chainlink is about to enter a major bullish move if LINK crosses the $9 region.

You can follow the current price action here.


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