Global Trends Today
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
Global Trends Today
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
2
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

Major New LCT Pegmatite System Discovered at Mavis Lake East

Next Post

Dogecoin and Shiba Inu: Shiba Inu in swing up to 0.00002940

Next Post
Dogecoin and Shiba Inu: Shiba Inu in swing up to 0.00002940

Dogecoin and Shiba Inu: Shiba Inu in swing up to 0.00002940

    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

    Hacker lexicon: What is a supply chain attack?

    June 11, 2021

    Losing Depop to US ownership makes the British tech sector look secondhand

    June 11, 2021

    Andrew Lloyd Webber to sue the Government if theatres are not fully reopened from June 21

    June 11, 2021

    Microsoft’s Kate Crawford: ‘AI is neither artificial nor intelligent’

    June 11, 2021
    Completion of PV Solar Cell Recycling Acquisition

    Completion of PV Solar Cell Recycling Acquisition

    0

    Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (4) My treatment of the weighted WTP is biased in favor of the DMT (2015) result/conclusion

    0

    The 40 Weirdest (And Best) Charts We Made In This Long, Strange Year

    0

    Will The Debate Over $2,000 Stimulus Checks Help Democrats In Georgia?

    0
    Completion of PV Solar Cell Recycling Acquisition

    Completion of PV Solar Cell Recycling Acquisition

    July 18, 2025
    Lac Carheil MRE to Benefit from Exceptional Assay Results

    Lac Carheil MRE to Benefit from Exceptional Assay Results

    July 18, 2025
    Project Update – Optimisation Underway Halleck Creek

    Project Update – Optimisation Underway Halleck Creek

    July 18, 2025
    3 Best-performing Canadian Cleantech Stocks of 2025

    3 Best-performing Canadian Cleantech Stocks of 2025

    July 18, 2025

    Recent News

    Completion of PV Solar Cell Recycling Acquisition

    Completion of PV Solar Cell Recycling Acquisition

    July 18, 2025
    Lac Carheil MRE to Benefit from Exceptional Assay Results

    Lac Carheil MRE to Benefit from Exceptional Assay Results

    July 18, 2025
    Project Update – Optimisation Underway Halleck Creek

    Project Update – Optimisation Underway Halleck Creek

    July 18, 2025
    3 Best-performing Canadian Cleantech Stocks of 2025

    3 Best-performing Canadian Cleantech Stocks of 2025

    July 18, 2025

    Disclaimer: GlobalTrendsToday.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.

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved

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

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved