Trade Insights Today - Investing and Stock News
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Trade Insights Today - Investing and Stock News
No Result
View All Result
Home Economy

The price of Bitcoin crashed yesterday to the $67,200 level

by
May 29, 2024
in Economy
0
The price of Bitcoin crashed yesterday to the $67,200 level
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The price of Bitcoin crashed yesterday to the $67,200 level

After the price of Bitcoin returned above the EMA200 moving average and $69000, expectations were that we were entering a bullish trend period. 

Bitcoin chart analysis

After the price of Bitcoin returned above the EMA200 moving average and $69000, expectations were that we were entering a bullish trend period. That pushed the price to $70,601 on Monday. We couldn’t go any further and a bearish consolidation was started, and the price crashed down to the $67450 level. On Tuesday, Bitcoin spent moving in the $67400-$68600 range.

Today, Bitcoin demonstrated resilience by stabilizing above the EMA200 moving average and maintaining support in this zone. The weekly open price also plays a crucial role in this context, and our ability to stay above it is key to maintaining a positive outlook. If we manage to do so, we can anticipate further growth and a potential recovery above the $69,000 level.

 

Bitcoin could continue its recovery if it moves above $69,000

Potential higher targets are $69250 and $69500 ​​levels. For a bearish option, the price of Bitcoin would have to go down to the $68,000 level. With that step, it descends to a new daily low and switches to the bearish side. After that, we expect increasing pressure on the price to start a pullback and search for new support. We are seeking the first support in yesterday’s zone around $67500.

New pressure there would only increase the instability on the chart, and with the bearish impulse the price would fall to a new lower low. Potential lower targets are $67250 and $67000 levels. Last week’s lowest Bitcoin price was at the $66075 level.

 

The post The price of Bitcoin crashed yesterday to the $67,200 level appeared first on FinanceBrokerage.

Previous Post

The price of Ethereum retreated to $3770 level last night

Next Post

Shentu (CTK) Jumps to $1.45 with 109.67% Increase

Next Post
Shentu (CTK) Jumps to $1.45 with 109.67% Increase

Shentu (CTK) Jumps to $1.45 with 109.67% Increase

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Buy Bitcoin Under $100K Before The Next Bull Run

    Buy Bitcoin Under $100K Before The Next Bull Run

    April 22, 2025
    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    April 3, 2024
    Consumers are tired of price increases. Big brands are paying attention.

    Consumers are tired of price increases. Big brands are paying attention.

    February 23, 2024
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    0
    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    0
    Here are the nine Republicans running for House speaker

    Here are the nine Republicans running for House speaker

    0
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    July 7, 2025
    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    July 6, 2025
    Democrats project doom and gloom, not celebration, with July 4 messages

    Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Tradeinsightstoday.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Tradeinsightstoday.com