Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says


Bitcoin price could increase momentum above $67000 level

Bitcoin price could increase momentum above $67000 level

On Friday, the price of Bitcoin returned above $67,000 after a long time. 

Bitcoin chart analysis

On Friday, the price of Bitcoin returned above $67,000 after a long time. In this way, we formed a new high at the $67500 level. Over the weekend we first saw a sideways consolidation in the zone around $67000 on Saturday. On Sunday, Bitcoin moved in a mild bullish consolidation that generated an impulse to a new high at the $67654 level. The end of the weekend brought the price back to $65,900.

New support was waiting for us there, and we used it to initiate a new bullish consolidation on Monday. We have returned to the $67,000 level, but we remain below that level for now. Today’s price movement takes place in the $66275-$67000 range. We can say that we have the support of the EMA50 moving average and that it could push us above to a new higher high. Potential higher targets are $67500 and $68000 levels.

Bitcoin could reach $68,000 if it crosses the $67,000 barrier

We need a negative consolidation and pullback below the weekly open price of $66275 for a bearish option. So we pull back to a new dnenvi low revealing weakness in the price of Bitcoin. Below, we will first test the $66000 support level. If bearish momentum builds, a drop to a new low is certain.

This puts us under the pressure of the EMA50 moving average, which will only reinforce the negative picture on the chart. Potential lower targets are $65500 and $65000 levels. At $65,000, a large EMA200 moving average is waiting for us, which would have the strength to stop further retreat. Below it, the picture for Bitcoin is very bad, and it is looking at the $60000 level.


The post Bitcoin price could increase momentum above $67000 level appeared first on FinanceBrokerage.

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!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...


    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer:, 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 © 2024