Bitcoin continues to ‘mirror’ 2017 as weekend sees third attack on $25K

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Bitcoin (BTC) tapped $25,000 for a third time on Feb. 19 as an all-important weekly close approached.

Biểu đồ nến 1 giờ BTC/USD (Bitstamp). Nguồn: TradingView

Phân tích cảnh báo về di chuyển của cá voi

Dữ liệu từ Cointelegraph Markets ProTradingView cho thấy BTC/USD đạt $25,038 trên Bitstamp.

Out-of-hours trading continued to see bulls pushing for a support-resistance flip of the key level, this marking the start of a major resistance cloud involving several long-term trend lines.

With everything to play for into the weekly close, the atmosphere among traders was tense.

“Sunday price movement can typically only be trusted towards daily close. Other than that, just gotta hope it stays in current range,” popular trader Josh Rager acknowledged on Twitter.

Analyzing Binance order book activity, monitoring resource Material Indicators warned that large-volume players were still manipulating spot price by moving bid and ask levels.

“Các bức tường mua BTC khét tiếng di chuyển một lần nữa!” nó đã viết trong một bản cập nhật trước đó.

“Có vẻ như họ đang cố gắng đẩy giá vào yêu cầu của riêng họ. Nếu họ có thể thu hút đủ người mua để thanh lý $25k thì ít ma sát đến $26k và không khí mỏng đến 30 nghìn đô la. Không biết họ có thể làm được bao lâu. Rất vui khi được chơi cùng.”

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter

At the time of writing, volatility continued to edge back into spot markets with still more than six hours remaining until the UTC weekly candle close. 

2017 comparison suggests “big move” in coming week

Quan điểm dài hạn trong khi đó hình thành nguyên nhân cho sự bình tĩnh cho bộ giao dịch Deccentrader vào ngày.

Liên quan: Bitcoin phải đối mặt với do-or-die hàng tuần, đóng cửa hàng tháng với xu hướng bò vĩ mô bị đe dọa

Comparing current price behavior to Bitcoin’s previous four-year halving cycle, the firm argued that in fact, everything was playing out in line with historical norms.

“The recent move from $17k to $23k matches the 2017 move around the 1000 day mark,” it tweeted alongside an explanatory chart.

“Price ranged and moved slightly higher for 30 days and then put in another big move of roughly equal size. If Bitcoin continues to mirror 2017 we could be in for a big move this week.

Biểu đồ giá BTC so sánh. Nguồn: Decentrader/ Twitter

Decentrader CEO Filbfilb additionally stated that $180,000 was “the target” for BTC/USD upside.

“I’ll finesse with rational later but this is the short form,” he added.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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