Bitcoin (BTC) has brought an important new price target for the duopoly, even closer than it seems.

As Philip Swift, the founder of the trading module Decentrader, said, $25000 is currently the key total demand of BTC.

Bitcoin's price rise is close to "a lot of liquidity"

Bitcoin rose by 40% in January, and then again consolidated around $23000.

Everyone is different about what will happen next - after more than a year of bear market in the stock market, many investors predict that there will be a significant adjustment, and even a multi-year low of $12000 or worse.

Others think that the better stage may continue, and even see the BTC/US $30000, before it can resist the increase.

However, in addition, some people are concerned about another line that is closer to the current futures price.

For Swift, the price of around $25000 is now crucial. He stressed in a tweet on January 24 that this is also the area where empty orders are gradually settled by groups.

It is also the city where Bitcoin's 200-week moving average system (WMA) is located, which is a key moving average. Since the middle and late 2022, this moving average has not appeared in the data chart, and it can not play a role in promoting at that time. Bitcoin spent a record-breaking time below 200WMA, which is about US $24750 at this stage.

Swift commented: "There is a large amount of liquidity between US $24700 and US $25900, which is consistent with the 200WMA and the region above.".

The analysis of the attached liquidity data chart shows that once the BTC/USD exceeds $23400, the short position of financial leverage will start to settle - so far, this is the area where the rebound meets the problem of moment of momentum.

Rekt Capital, an operator and investment analyst, wrote in some comments on the hot spot: "This level is again regarded as resistance." He stressed that the closing price of Bitcoin for the latest week was also low.

"BTC must take back about $23400 as the support for upward movement, otherwise it may have a new bottom high compared with the peak in the summer of 2022."

Such events will mean that BTC/USD cannot get rid of the local high since August, which actually means that there will be a temporary gasp of 77% from the historical high in November 2021.

August 2022 high point boycott double

Rekt Capital once again draws attention to the fact that the summer high also presents a resistance zone for a long time.

He updated the monthly summary data chart in the latest YouTube version, focusing on the need to improve this kind of resistance, which is still "strictly implemented by itself"

"If such things continue, then we can be fully prepared for the decline, just to support the strict implementation of this level," he said, referring to the bottom point of the monthly summary section. Bitcoin fell due to the collapse of FTX.

A short-term forecast indicates that "only some integration must be carried out before any side of the range is upgraded."

Rekt Capital added that even so, the journey less than the end of the section is still impossible.