• 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

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

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

  • Biden least popular living president, poll says – but who takes the top spot?

    February 11, 2025
  • WATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments

    May 24, 2025
  • AUDUSD and AUDNZD: AUDUSD continues to rise and today

    August 12, 2024
  • Ethereum continues to pull back on Friday near weekly low

    September 6, 2024
  • Elon Musk sports black eye at farewell presser in Oval Office: ‘Horsing around with little X’

    May 30, 2025

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

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,385)
  • Investing (634)
  • Stock (844)

Latest Posts

  • BlackBerry appoints Tim Foote as new CFO amid strategic transformation

    July 30, 2024
  • The Hitchhiker’s Guide to failing to elect a House speaker quickly

    December 26, 2024
  • How a tiny town hit by Helene could upend the global semiconductor chip industry

    October 4, 2024

Recent Posts

  • DAVID MARCUS: Kash Patel is the fumigator the FBI needs

    December 1, 2024
  • Jim Jordan subpoenas company led by daughter of NY v. Trump judge

    August 28, 2024
  • One-man Cabinet: Marco Rubio went from rival to Trump’s point man, but can he handle it?

    May 8, 2025

Editor’s Pick

  • Top Senate Dems pour cold water on latest GOP spending bill plans: ‘Ready to stay’ through Christmas

    December 20, 2024
  • How we got to Liberation Day: A look at Trump’s past comments on tariffs

    April 4, 2025
  • Trump Labor Department secures eye-popping sum to return to taxpayers amid DOGE push

    April 1, 2025
  • 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