Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support ended in failure.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,250 on Bitstamp.

A firm rejection on hourly timeframes then saw the pair return below $24,750, maintaining a trading range in place throughout the weekend.

With Wall Street on holiday on Feb. 20, Bitcoin faced three days of “out-of-hours” trading featuring thinner liquidity and more risk of volatile moves both up and down.

These to some extent came to pass, with efforts to beat the prior week’s highs being short lived and resulting in liquidations of both long and short traders, data from Coinglass confirms.

(By WILLIAM SUBERG)

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