The price of Bitcoin is US $25000, which has been consolidated after the strong friction resistance was found. This year, the price recovery of key digital currencies has been the main topic of discussion, rising from 16000 US dollars to 24000 US dollars in a few weeks

With Bitcoin breaking through the price of US $250000 for the first time since August 2022 this week, this trend continues. Some predictions suggest that US $300000 is likely to be the next resistance point. However, this is not the case. Bitcoin was quickly rejected at a price of $25000

The price of Bitcoin was slightly adjusted to $25000

At the time of writing this article, the transaction price of Bitcoin was 24478 US dollars, which could not break the level of 25000 US dollars. Due to the obvious rejection of US $25000, analysts believe that Bitcoin may enter a period of integration before adopting a new behavior

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Because the two branches of the relative strength index (RSI) remain above the center point of 50, the performance index also supports the recent lateral movement. It is noteworthy that the recent market price and the sharp increase of Bitcoin network theme activities coexist, reaching the highest level in history

This is better in line with some rising hot spots, and shows that a large part of the recent rebound is based on strong fundamentals. However, taking full account of the current market situation, a new perspective may be needed to promote Bitcoin to achieve a record high

Before a large number of investors rethink the potential of Bitcoin, it is likely that Bitcoin will still be in the integration stage. This means that the buying and selling pressure is balanced, and that the market is hesitant. As a result, Bitcoin may remain in a small range and will only erupt when a strong metal catalyst comes

In the future, if Bitcoin breaks through the level of $25000, it may trigger a further upward trend. On the other hand, if there is no breakthrough, it may mean that the increase has ended, and Bitcoin may face adjustment risk. Therefore, investors must monitor the friction resistance of $25000 to prevent any hidden breakthrough or collapse.

Bitcoin network is improved according to general NFT

With the rise of the NFT market forged on the blockchain, the Bitcoin network has grown steadily. At the beginning of this year, general NFT gradually carried out marketing based on social media networks

Based ondesertAlthough I don't know how much the total turnover of this NFT is, some documents may have earned millions of dollars in revenue from such collections as Ordinal Punks. It is inferred that this is the sales business organized by individual groups.

Related reading:Bitcoin soared above $24000, and data encryption futures plunged by $212 million

All this has led to disagreement among some bitcoin makers, who do not agree with the fact that such capital is uploaded to the network, and point out that this may have adverse effects in the near future

-Featured pictures of Unsplash.com, data charts of TradeView.com