BTC/USD Forecast: Ready to Threaten $25,000?

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The $25,000 level above is a major psychological barrier, and we are already starting to hear a lot of the Bitcoin maximalists out there chirping about the rest of the world as we are starting to “go to the moon”, so now I think it’s time to put up or shut up, so to speak., sitting right around the 21,500 level. Furthermore, we have the 50-Day EMA reaching toward the stat area, sitting just above the $20,000 level.

In that general vicinity, I would expect to see a lot of downward pressure and further selling, perhaps opening up Bitcoin for a move down to the $16,000 level.

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