Divergent views exist on the robustness of the Bitcoin price, with Bloomberg Intelligence cautioning that $25,000 may continue to act as a significant barrier.

Concerns of steadfast opposition increased as Bitcoin sought to conclude the week above $23,000 into the conclusion of business on February 26.

BTC price bulls keep faith in $30,000

BTC/USD increased by $600 from its weekend lows to hit $23,318 on the day, according to data from Cointelegraph Markets Pro and TradingView.

The most recent move signaled a minor recovery following a bad week for risk assets, which saw United States shares decline as a result of inflation figures that were higher than expected.

Despite this, Bitcoin continued to trade below levels that analysts considered crucial to recapture before the month’s end.

Only a few lone voices continued to be hopeful; one of these was well-known trader Kaleo, who insisted that the price of bitcoin remained “attracted” to $30,000.

Crypto trader Altcoin Sherpa provided a reference time frame of “4-6 weeks” for reaching the $30,000 threshold.

“$BTC is still in a bear to bull transition period; the uptrend won’t start until the neckline is broken!” Mags, a fellow trader and analyst, continued with a partial summary.

Get to know Godleak

Godleak crypto signal is a  service which comprise of a professional team. They tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

Bloomberg analyst on Bitcoin: “Trend remains downward”

Michael McGlone, senior macro strategist at Bloomberg Intelligence, expressed concerns about the bulls’ capacity to surpass the $25,000 resistance area while while looking ahead.

He summarized recent findings on Twitter, writing, “Headwinds Continue High; Markets Have Bounced – ‘Don’t fight the Fed’ was the major headwind for markets in 2022, and remains so in 1Q.”

According to the research, when it comes to BTC/USD, “the more tactically orientated are likely to focus on responsive selling,” and “it may be a while before buy-and-hold types have the upper hand.”

The week before, expectations were still strong that $25,000 wouldn’t be a significant obstacle and that BTC/USD would be able to send it out without too much difficulty.

In the end, however, it was clear how difficult the endeavor was since, in addition to asks on exchange order books, important moving averages (MAs)—including Bitcoin’s 50-week and 200-week trend lines—lay above.

McGlone came to the conclusion that “the trend stays negative” based only on the dropping 50-week MA.