• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

The price of Bitcoin has been under pressure since Wednesday

by July 19, 2024
written by July 19, 2024

The price of Bitcoin has been under pressure since Wednesday

The price of Bitcoin is retreating for the third day in a row. 

Bitcoin chart analysis

The price of Bitcoin is retreating for the third day in a row. Yesterday, we saw price resistance at the $65000 level, after which a further continuation to the bearish side was initiated. This led us to slide down to $63230 and form a new low there. Below, we are in a mild bullish consolidation up to the $64,500 level. For now, we have resistance here, and the additional pressure is the EMA 50 moving average.

There is a potential for a new, stronger, bullish impulse to emerge, breaking the EMA 50 and propelling Bitcoin back to the $65000 level. If Bitcoin can muster the strength for such a move, it could signal a return to a bullish trend and a continuation of its growth. Higher targets of $65500 and $66000 levels are within reach. This week’s high price is at the $66129 level, and surpassing it could pave the way to the next previous high from June at $71958.

 

Bitcoin is  in trouble and could pull back to the $62000 level once again

For a bearish option, we need a negative consolidation and a price drop below this morning’s support zone. We will form a new daily low by pulling up to the $63,000 level, thereby confirming the current price pressure. The EMA 50  still represents an obstacle to returning to the bullish side.

There is a possibility that Bitcoin’s price could continue its retreat to $62000 and test the EMA 200 moving average there. If this support fails to hold, we may see a break below to a new lower low. Potential lower targets are the $61,000 and $60,000 levels. It’s important to be prepared for such scenarios.

 

The post The price of Bitcoin has been under pressure since Wednesday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Barc Share Price History and Forecast
next post
Crypto News Predictions: XRP’s 25% Weekly Surge

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Federal judge orders limited DOGE access to sensitive Treasury Department payment system records

    February 6, 2025
  • $36 trillion national debt inspires new ‘fiscal responsibility’ group led by Democrat

    March 4, 2025
  • Trump claims Houthis ‘don’t want to fight’ and says US will stop bombing campaign

    May 6, 2025
  • Interview: Trump family’s Bitcoin mining deal is a sign of industry legitimization and an ‘influencer endorsement,’ says GoMining CEO Mark Zalan

    April 13, 2025
  • Fisker Stock News: Price and Forecast

    July 10, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,721)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Former USAID official warns China is already looking to fill void left by paused programs

    February 18, 2025
  • Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos

    August 5, 2024
  • Johnson touts GOP unity over record-breaking fundraising numbers ahead of RNC

    July 13, 2024

Recent Posts

  • EURGBP and EURCHF: EURGBP finds support again at 0.84000

    July 18, 2024
  • DR. MARC SIEGEL: Make America Healthy Again needs bipartisan support

    January 27, 2025
  • White House: US will lead in AI, but China is catching up

    April 8, 2025

Editor’s Pick

  • GOP rebels push for $2.5 trillion cuts in Trump budget bill during tense closed-door meeting

    February 5, 2025
  • Rubio, in Europe, says US has to ‘reset the global order of trade’ and Trump is ‘absolutely right to do it’

    April 4, 2025
  • JONATHAN TURLEY: Biden’s veto of Judges Act makes him a craven partisan, not a Framer

    December 26, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock