NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Why Touching This Bitcoin Level Could Hold The Key For A Rally

Reynaldo Marquez
Reynaldo Marquez
1 year ago
2 mins read
Bitcoin BTC BTCUSDT

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The price of Bitcoin was rejected as it approached critical resistance north of $27,000, and selling pressure continues over today’s trading session. If buyers can’t defend current levels, BTC’s price will likely re-test critical support, but this action could trigger a bounce for the cryptocurrency, according to fresh data.

Related Reading

Bitcoin

Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says

1 year ago

As of this writing, Bitcoin trades at $26,650, with a 2% loss in the last 24 hours. Over the previous seven days, the cryptocurrency has recorded sideways price action and underperformed XRP and Toncoin’s TON, which recorded a 5% and 25% profit, respectively, across a similar period.

Bitcoin BTC BTCUSDT
BTC’s price with minor losses on the daily chart. Source: BTCUSDT on Tradingview

The Bitcoin Level To Watch If Bears Take Over

An analyst crypto research firm Material Indicators shared a fire chart showing the most significant liquidity levels for the BTCUSDT trading pair on Binance. On a monthly basis, traders on this venue have been selling the cryptocurrency and moving liquidity below current levels.

The chart below shows that the Binance orderbook for this trading pair looks “thin.” The analyst claims a “small buy wall” at around $24,700, which stands as a “line in the sand” that needs to be defended to prevent further downside price action.

Bitcoin BTC BTCUSDT Chart 2
BTC’s price liquidity pool is around $25,000. Will big players be attracted to this level? Source: Material Indicators on X

Liquidity around this critical level is low, but bulls can inject capital to defend the level in case of further downside. If bulls succeed, Bitcoin will likely rally and reclaim previously lost territory.

Otherwise, bears will have the opportunity to press further on the price, returning it to critical support around $23,000 and $22,000. These levels display even less liquidity than $25,000, which could hint at a deeper correction of “Bearadise,” as the analyst called it.

Additional data provided by trading desk QCP Capital indicates that macroeconomic forces have played a critical role in influencing the price of Bitcoin. Yesterday, the US Federal Reserve (Fed) sent a “hawkish” surprise across financial markets, limiting any BTC upside momentum.

Related Reading

Ethereum bear

Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price

1 year ago

This event had a bearish impact on legacy markets, with the Nasdaq 100 and rates markets breaking “some very key levels,” QCP Capital stated. The trading desk added:

(…) reflexivity can take over with the bearish thesis from here. If we are right, then this macro move could seep into crypto markets and take BTC lower with it (Chart 3), albeit with a lower beta as compared to other very stretched macro markets like the NASDAQ.

Cover image from Unsplash, chart from Tradingview

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

btcmicro

MicroStrategy še vedno povečuje zaloge BTC

MicroStrategy, ki se je preimenoval v Strategy, se ne vda: med 18. in 24. avgustom 2025 je vložil dodatnih 357...

tanjapotocnik 1 hour ago

Il sorpasso di Ethereum su Bitcoin Sembra Inevitabile

L’ascesa di Ethereum sta prendendo sempre più velocità, e la domanda se un giorno potrà superare Bitcoin nel prezzo non...

clararosati 1 hour ago
XRP

Finance News Giant Outlines Where XRP Could Be In 2026 And Beyond

According to Forbes, XRP’s next five years will hinge on whether it can turn legal clarity into real payment use...

Christian Encila 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Supply In Profit Hits Historical Threshold – Echoing Past Patterns

Bitcoin Supply In Profit Hits Historical Threshold – Echoing Past Patterns

Sebastian Villafuerte Just now
Ethereum

Spot Ethereum ETF Inflows Flip Bitcoin Once Again, Will ETH Outperform BTC?

Scott Matherson 1 hour ago
Ethereum ETH

Ethereum potichu atakuje trh s mesačným nárastom 20 %

Nina Šefčíková 1 hour ago

Premium Sponsors

Press Releases

  • リップル 今後の価格予測:XRPは4ドルを突破し、長期目標は27ドルに

    リップル...

    8 minutes ago
  • 仮想通貨プレセールで注目:ブラックロック、$BTC・$ETH保有量を急増

    ...

    40 minutes ago
  • 仮想通貨おすすめ:2025年に100倍を目指すChatGPT注目の暗号資産トップ4

    ...

    55 minutes ago
  • XRP dosiahlo nové maximá — skorí investori sa obracajú na Token6900

    XRP dosiahlo nové maximá — skorí investori sa...

    58 minutes ago
  • 新しい仮想通貨、Pepeライバルとしてプリセールが加熱

    ...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.