{"id":3628,"date":"2024-10-15T18:03:12","date_gmt":"2024-10-15T18:03:12","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/15\/the-price-of-bitcoin-rose-to-a-new-weekly-high-this-morning\/"},"modified":"2024-10-15T18:03:12","modified_gmt":"2024-10-15T18:03:12","slug":"the-price-of-bitcoin-rose-to-a-new-weekly-high-this-morning","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/15\/the-price-of-bitcoin-rose-to-a-new-weekly-high-this-morning\/","title":{"rendered":"The price of Bitcoin rose to a new weekly high this morning"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>The price of Bitcoin rose to a new weekly high this morning<\/h1>\n<p><span>This morning, the price of Bitcoin climbed to a new weekly high at the $66479 level<\/span><\/p>\n<h2>Bitcoin chart analysis<\/h2>\n<p><span>This morning, the price of Bitcoin climbed to a new weekly high at the $66479 level. After its formation, we stopped there and started a pullback to support at $65325. The price is now putting pressure on that zone, which could produce a bearish impulse and drop to a new daily low. We expect to see a test of the $65,000 level before continuing bearish <a href=\"https:\/\/www.financebrokerage.com\/audusd-and-audnzd-new-weekly-targets-and-prices\/\">consolidation<\/a>.<\/span><\/p>\n<p><span>At $64500, Bitcoin will test the EMA 50 moving average. Yesterday, we managed to stay above it and start the recovery. This time, we are on a bearish trend and need a break below to continue the pullback. Potential lower targets are the $64,000 and $63,500 levels. The EMA 200 moving zone is waiting for us below in the $63000 zone, and there, we can hope for greater resistance to continue to the bearish side.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>The price went to a new weekly high this morning, while we are now seeing a loss of momentum<\/h2>\n<p><span>For a bullish option, it is necessary for Bitcoin to successfully hold above the $65,000 level. We then need a climb to $65750 to break out of the current short movement zone. Thus, the price will form a smaller high that hints at a return to the bullish side. This is followed by the initiation of bullish consolidation, and we hope to test this morning\u2019s high. Potential higher targets are $66500 and $67000 levels.<\/span><\/p>\n<p><span>The price increase showed a significant growth in the total market capitalization of Bitcoin. Market capitalization currently stands at $1.297 trillion, up from last week\u2019s $1.175 trillion. Bitcoin trading volume has doubled today, from under $20 billion over the weekend to over $40 billion.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/the-price-of-bitcoin-rose-to-a-new-weekly-high-this-morning\/\">The price of Bitcoin rose to a new weekly high this morning<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The price of Bitcoin rose to a new weekly high this morning This morning, the price of Bitcoin climbed to a new weekly high at the $66479 level Bitcoin chart analysis This morning, the price of Bitcoin climbed to a new weekly high at the $66479 level. After its formation, we stopped there and started [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=3628"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3629"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}