Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right


Bitcoin’s consolidation over the weekend brings us to $69300

Bitcoin’s consolidation over the weekend brings us to $69300

On Friday evening, Bitcoin price retreated to the $66624 support level. 

Bitcoin chart analysis

On Friday evening, Bitcoin price retreated to the $66624 support level. The hold at that level was short-lived, and we quickly saw a retracement above $67,000. On Saturday, the price movement was quite stable in the $67400-$67800 range. On Sunday, the chart shows an increase in volatility, and the movement range has expanded to $67,400-$68,400.

At the start of this week, Bitcoin is climbing with a bullish impulse above the weekend resistance at the $68400 level in the first hours. After that, we saw the continuation of the bullish consolidation until the formation of the weekly high at the $69312 level.


Are we going to the 70000$ level this week; have the BTC power for it?

We pause here for now, and there is a slight reduction in volatility. Potential higher targets are the $69400 and $69600 levels. We need a negative consolidation and pullback below $69000 for a bearish option to start. After that, we need a new low below the $68750 level. We thereby introduce instability into the previous bullish structure, intensifying the bearish pressure.

After that, Bitcoin would be forced to continue its pullback and look for lower-level support. Potential lower targets are $68500 and $68250 levels. In the zone of the $68000 level, the price will test the EMA200 moving average.


The post Bitcoin’s consolidation over the weekend brings us to $69300 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive 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


    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...


    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...


    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    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 © 2020-2024 The Freedom Right. All Rights Reserved