Bitcoin breaking out from its narrow range - $25k next?

Bitcoin just broke out of the narrow range it has been trading in for several weeks and is now attempting to break the $22.5k resistance.

Bitcoin is currently trading just below an important resistance level at $22.5k, which served as support in August and local tops in June and July.

If bitcoin manages to power through $22.5k, the next resistance level is in the $25k area. This area has proved to be a strong resistance for bitcoin on multiple occasions lately, marking the local peak during this bear market.

Link copied to clipboard.