Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

Bitcoin price continues to pull back on Monday

admin by admin
September 2, 2024
in Economy
0
Bitcoin price continues to pull back on Monday
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Bitcoin price continues to pull back on Monday

  • Over the weekend, Bitcoin’s price continued its bearish consolidation

Bitcoin chart analysis

Over the weekend, Bitcoin’s price continued its bearish consolidation. In front of us was the EMA 50 moving average, which directed the bearish trend. In the weekend session, the price fell to a new weekly low of $57,131. With that, we fell below Friday’s low and formed a new lower low. All this indicates that Bitcoin should continue on the bearish side.

In this morning’s session, the price managed to stabilize and return above the $58,000 level. A daily high was formed at $58250, and we met the EMA 50 moving average, a key factor in our analysis. We are closely monitoring the situation, as a break above this moving average could signal a shift to the bullish side. During the weekend, this EMA 50 was our resistance, but with a new impulse, we could see a surge to a new high, strengthening the bullish momentum. With the support of the moving average, the chances of a significant recovery increase.

 

New price pressures influence us to stay on the bearish side and test lower levels

Potential higher targets are the $59,000 and $59,500 levels. In the $59700 zone, Bitcoin’s price will meet the EMA 200 moving average, and it will be interesting to see how it behaves in that zone. For a bearish option, the price would have to initiate a negative consolidation and stay below the EMA 50 moving average. This confirms the continuation of the bearish side. After that, the price would retest the daily open level.

This time, we expect an impulse below and the formation of a new two-week low. Potential lower targets are the $56500 and $56000 levels. The next low that we have to pay attention to is from August 16 at the $56138 level.

 

The post Bitcoin price continues to pull back on Monday appeared first on FinanceBrokerage.


Previous Post

Ethereum remained under pressure at the start of this week

Next Post

Gold and silver: Gold fell to a seven-day low this morning

Next Post
Gold and silver: Gold fell to a seven-day low this morning

Gold and silver: Gold fell to a seven-day low this morning

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

July 6, 2025
Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

July 6, 2025
BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

July 5, 2025
Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

July 5, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

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!

Recent News

BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

July 6, 2025
Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

July 6, 2025
BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

July 5, 2025
Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

July 5, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

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

Copyright © 2025 revenueagenda.com | All Rights Reserved