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

Bitcoin price continues its bullish rally on Wednesday

by September 25, 2024
written by September 25, 2024

Bitcoin price continues its bullish rally on Wednesday

The price of Bitcoin rose this morning to a new weekly high of $64,795

Bitcoin chart analysis

The price of Bitcoin rose this morning to a new weekly high of $64,795. It managed to make a step above Monday’s high of $64,730. After that, the price starts a pullback and falls below the daily open level of $64260. Bearish pressure is present, and we are getting closer to testing the weekly open level of $63563. Additional support in that zone is the EMA 50 moving average, and we hope for its new support.

A break below the Bitcoin price would strengthen the bearish momentum to drop below the $63000 level. This is where we would be close to testing the weekly low before continuing with a further pullback to the bearish side. At $62500, we meet the EMA 200 moving average, which could slow the pullback or stop it. To continue on the bearish side, we need a break below as confirmation that we will be looking at a price collapse. Potential lower targets are the $62000 and $61500 levels.

This morning’s pullback is taking place within a larger bullish channel for now

The weekly open level seems to be very important for the future Bitcoin price trend. If we manage to hold above, we will continue to support the EMA 50 moving average. That would mean a lot to us because we would be in a good position to initiate a bullish consolidation. The return above $64,000 infuses optimism into further recovery, with the aim of breaking through the $65,000 level of resistance.

A strong bullish impulse would easily do that and thus confirm that the bullish momentum is growing. Potential higher targets are the $65000 and $65500 levels. After the Fed announced its decision to continue cutting interest rates last Thursday, Bitcoin has seen steady price growth day by day, almost over 10% in the past week.

The post Bitcoin price continues its bullish rally on Wednesday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump briefed on ‘real and specific threats’ from Iran to assassinate him, campaign says
next post
Gold and Silver: Gold moves to a new all-time high of $2670

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

  • What is reconciliation, the tool Republicans want to use to ‘push the outer limits’ on federal policy?

    November 18, 2024
  • How long will the Microsoft and CrowdStrike IT outage crisis take to resolve?

    July 20, 2024
  • New ‘insulting’ Harris ad target’s Black men’s love lives

    October 20, 2024
  • Trump tells Jesse Watters that he was not warned about gunman, despite reports

    July 21, 2024
  • UK’s Starmer meets Trump at White House amid divide between US, Europe over Ukraine peace deal

    February 27, 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

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

    July 19, 2024
  • 3

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

    December 4, 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 (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • How Donald Trump sneaked up on me and a bunch of new friends in Milwaukee

    July 23, 2024
  • William McGinley tapped as Trump’s White House Counsel

    November 13, 2024
  • Democratic pols ditch Twitter after Elon Musk takeover, report shows

    December 27, 2024

Recent Posts

  • Trump’s FBI overhaul with Acting Director Brian Driscoll puts ‘untouchable’ feds on notice: former agent

    January 22, 2025
  • Temu retains top spot on US iOS downloads amid rising scrutiny over Chinese apps

    December 17, 2024
  • Bolton unleashes on Trump Ukraine policy days after FBI raid

    August 25, 2025

Editor’s Pick

  • U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts

    July 30, 2024
  • Long USTEC: bullish momentum expected with key support at trend line and investor sector rotation

    July 31, 2024
  • Trump’s tariffs force China to feel the heat

    September 4, 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