Bitcoin regains $25K amid hope record China easing will boost BTC price
Bitcoin whales are guiding BTC price around $25,000 and caution is needed, analysis warns. Bitcoin (BTC) spent another day tackling $25,000 on Feb. 20 as analysts continued to warn over market manipulation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin buoyed by "Notorious B.I.D." Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making up losses from around the weekly close to approach the $25,000 mark again at the time of writing. Bulls remained unable to spark a resistance-support flip, however, and whale activity on exchanges kept suspicions high. In its latest update, monitoring resource Material Indicators revealed that large-volume traders were artificially “thinning” resistance overhead, making it more likely that BTC/USD would move higher. Co-founder Keith Alan referenced a wall of bid liquidity buoying spot price , something he called the “Notorious B.I.D.” “Multiple rejections from $25k correlates perfectly with BTC macro TA ...