Bitcoin chart analysisToday, we are looking at the price of Bitcoin at a new all-time high at the $73291 level. Yesterday, we saw the first break above the $73000 level. After which the price began to behave unstable and we saw a sudden drop to the $68636 level. We were briefly down and quickly returned above the $70,000 level. This was followed by the initiation of bullish consolidation and growth to a new high.We are currently at $72388 and holding high. This could produce a new bullish impulse and jump to a new high. Potential higher targets are the $73500 and $73750 levels. We need a negative consolidation and a pullback to the $72000 level for a bearish option. We had some slow motion and held in that zone this morning. Can Bitcoin reach $75000 in the coming days?Bitcoin sliding below would reinforce the bearish momentum and push it lower. After that, we look at the zone around the $71500 level and test the daily open price there. By falling below, we form a new daily low and thereby confirm that bearish momentum prevails. Potential lower targets are $71000 and $70500 levels.For now, we are not thinking about the bearish side and expect the price of Bitcoin to hit a new all-time high soon. Bitcoin coin trading volume in the last 24 hours increased by 5.58% to 62 billion dollars, while the market cap of Bitcoin increased by 1.80%.More By This Author:Navigating The New Realities Of U.S. Tech In China Dogecoin And Shiba Inu: Dogecoin Slips Below 0.18000 LevelCardano Soars Past $0.780, Eyes $0.8320
Top Entertainment
Search
New Posts
These fungi drug cicadas with psilocybin or amphetamine to make them mate nonstop
Chronic asthma could be caused by cell overcrowding in the airways
These fungi drug cicadas with psilocybin or amphetamine to make them mate nonstop
Chronic asthma could be caused by cell overcrowding in the airways
These fungi drug cicadas with psilocybin or amphetamine to make them mate nonstop
Leave A Comment