$25K Bitcoin Price Target Would Spell Misery for Bitcoin Shorters
It looks like $25K is the number – and we are only a little more that $2K away from breaking that
This $25K BTC price target would spell misery for Bitcoin shorters
“Bitcoin has an important new price target for bulls to meet — and it is closer than it seems.
As noted by Philip Swift, co-founder of trading suite Decentrader, $25,000 is now a critical BTC price level.
Bitcoin price rally near “a lot of liquidity”
After putting in 40% gains in January, Bitcoin continues to consolidate around the $23,000.
Opinions are split as to what will happen next — after more than a year of bear market, plenty of market participants expect a dramatic correction and even new multi-year lows of $12,000 or worse.
Others believe that the good times can continue and even see BTC/USD reach $30,000 before checking its relief rally.
In the meantime, however, some are focused on another line in the sand much closer to current spot price.
For Swift, the area around $25,000 is now especially significant.”