Huge Move Incoming for BTC: $25K or $30K Next? 

by: Yatriinfo.com

Bitcoin has shown positive signs, reaching its previous swing high after consolidation, but faces a critical resistance zone. 

On the daily chart, a bullish divergence and strong buying near $25K support led to a surge toward the 200-day moving average at $28K. 

If buyers break through the 200-day and 100-day moving averages at $28K, Bitcoin may target the substantial resistance at $30K. 

However, due to the significance of the 200-day moving average and strong resistance at $28K, another rejection towards $25K is possible. 

On the 4-hour chart, Bitcoin found support at $25K and is approaching a crucial resistance zone at $28K, likely leading to a consolidation phase. 

On-chain analysis shows varying investor confidence levels, with long-term holders showing faith in Bitcoin's future, while shorter-term holders are actively selling on exchanges. 

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