Bitcoin faces a critical crossroads: Will $25K or $30K come first? (BTC Price Analysis)
According to CryptoPotato, after a period of sustained upward momentum, Bitcoin price has reached a key resistance area, which is the intersection of the 100-day and 200-day moving averages. This is a critical point where price could either pull back and enter a downtrend, or break out of this area with a target towards $30K. Looking at the daily chart, Bitcoin experienced a period of consolidation near $25K before gaining momentum into an uptrend. This bullish move pushed the price towards a significant resistance area at $28K, where the 100-day and 200-day moving averages converge. Considering the importance of this resistance area, there is a high probability of price rejection, which could lead to a pullback and trigger a sharp decline. However, there is also the possibility that buyers could sustain the price and push it above the moving averages, reigniting bullish sentiment in the market.
