• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bitcoin Value Consolidates After Failing To Break By means of Key Resistance Stage

SB Crypto Guru News by SB Crypto Guru News
February 18, 2023
in Bitcoin
0 0
0
Bitcoin Value Consolidates After Failing To Break By means of Key Resistance Stage


Bitcoin worth is consolidating after discovering sturdy resistance on the $25,000 degree. This 12 months, the first cryptocurrency’s worth resurgence has been the most important speaking level, transferring from $16k to $24k in a couple of weeks. 

This development continued as Bitcoin surpassed the $25k mark for the primary time since August 2022 this week, and a few specialists had predicted that the $30k might be the subsequent resistance level. Nevertheless, this was not the case, and Bitcoin was shortly rejected at $25k. 

Bitcoin Value Experiences Slight Correction At $25,000 

On the time of writing, Bitcoin is buying and selling at $24,478 and has been unable to interrupt the $25,000 degree decisively. Given the sturdy rejection at $25k, analysts consider Bitcoin could enter a interval of consolidation earlier than making a contemporary transfer. 

Associated Studying: Greenback (DXY) Reaches Inflection Level, Important Stage For Crypto Continuation

The technical indicators additionally assist a sideways motion within the close to time period as the 2 arms of the Relative Energy Index (RSI) stay above the midpoint of fifty. It needs to be famous that the latest worth motion coincides with a surge in bitcoin’s community exercise which is close to its all-time excessive. 

This corresponds effectively with some bullish market sentiment and reveals {that a} good portion of the current rally is predicated on sturdy fundamentals. Nevertheless, given the present market circumstances, a brand new narrative could also be wanted to propel Bitcoin to a brand new all-time excessive. 

Bitcoin is trading sideways on the 24-hour chart. Source: BTC/USDT on TradingView.com
Bitcoin is buying and selling sideways on the 24-hour chart. Supply: BTC/USDT on TradingView.com

Bitcoin will probably stay in a consolidation section till extra buyers take a contemporary have a look at the asset’s potential. This means a steadiness within the shopping for and promoting pressures and indicators an indecisive market. As such, Bitcoin will probably stay in a decent vary, solely breaking out when a powerful catalyst arrives. 

Transferring ahead, if bitcoin breaks the $25,000 degree, it might set off additional upside momentum. However, if it fails to interrupt by means of, it might imply that the rally has ended, and bitcoin shall be liable to a correction. Due to this fact, it can be crucial that merchants monitor the $25,000 resistance for any potential breakouts or breakdowns.

Bitcoin Community To Expertise Development With Ordinal NFTs  

The Bitcoin community has continued to expertise development with the rise within the development of NFTs minted on its blockchain. Ordinal NFTs started to be marketed by means of social networks originally of the 12 months. 

Thus far this 12 months, greater than 130,000 NFTs, principally pictures and textual content recordsdata, have been minted on the Bitcoin community, in accordance with knowledge from Dune. Though it’s unknown what number of complete gross sales had been made of those NFTs, some paperwork estimate that collections like Ordinal Punks have already grossed thousands and thousands of {dollars}. This, supposedly, is thru gross sales organized in non-public teams.

Associated Studying: $212 Million Flushed In Crypto Futures As Bitcoin Surges Above $24,000

All this has introduced disagreement amongst some bitcoiners who disapprove of the truth that the sort of asset is being uploaded to the community and consider it might have detrimental results sooner or later. 

-Featured Picture from Unsplash.com, chart from TradingView.com 



Source link

Tags: BitcoinBitcoin NewsbreakconsolidatesCrypto NewsCrypto UpdatesFailingKeyLatest News on CryptoLevelPriceResistanceSB Crypto Guru News
Previous Post

US SEC fines former NBA Star Paul Pierce $1.4M for crypto

Next Post

Rising world demand for rising African artists helps pull the crowds to the Cape City Artwork Honest

Next Post
Rising world demand for rising African artists helps pull the crowds to the Cape City Artwork Honest

Rising world demand for rising African artists helps pull the crowds to the Cape City Artwork Honest

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Starbucks Execs Can Earn Millions in Performance Stock Grants

Starbucks Execs Can Earn Millions in Performance Stock Grants

0
Bitcoin’s Latest Profit-Taking Spree Was Driven By HODLers

Bitcoin’s Latest Profit-Taking Spree Was Driven By HODLers

0
NCB Nabs ‘Ketamelon’ Mastermind in LSD, Crypto Raid

NCB Nabs ‘Ketamelon’ Mastermind in LSD, Crypto Raid

0
JD.com, Ant Group Push For Yuan Stablecoin Launch

JD.com, Ant Group Push For Yuan Stablecoin Launch

0
Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

0
Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval

Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval

0
Bitcoin’s Latest Profit-Taking Spree Was Driven By HODLers

Bitcoin’s Latest Profit-Taking Spree Was Driven By HODLers

July 4, 2025
Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

July 4, 2025
Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above 0,000

Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above $300,000

July 4, 2025
Bitcoin Price Coiling Up — Is a Surge Past 0K on Deck?

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

July 4, 2025
Toncoin Walks A Tightrope At .80 As Market Tension Builds

Toncoin Walks A Tightrope At $2.80 As Market Tension Builds

July 3, 2025
Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures

Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures

July 3, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.