{"id":21544,"date":"2024-05-29T09:00:42","date_gmt":"2024-05-29T06:00:42","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21544"},"modified":"2024-05-29T17:30:22","modified_gmt":"2024-05-29T14:30:22","slug":"bitcoin-and-crypto-update-may-29","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-and-crypto-update-may-29\/","title":{"rendered":"Bitcoin and Crypto Update &#8211; May 29"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:83\"><strong>Bitcoin<\/strong> is currently trading at $68,600, consolidating after a brief rally to $70,680. If the price breaks below $68,620 support, it could fall further to $66,000.<\/p>\n<p data-sourcepos=\"5:1-5:38\"><strong>Key resistance levels for Bitcoin:<\/strong><\/p>\n<ul data-sourcepos=\"7:1-9:0\">\n<li data-sourcepos=\"7:1-7:9\">$68,800<\/li>\n<li data-sourcepos=\"8:1-9:0\">$69,800<\/li>\n<\/ul>\n<p data-sourcepos=\"10:1-10:13\"><strong>Key support levels for <a href=\"https:\/\/coinengineer.net\/blog\/asset-manager-predicts-short-term-outperformance-of-ethereum-over-bitcoin\/\">Bitcoin<\/a>:<\/strong><\/p>\n<ul data-sourcepos=\"12:1-14:0\">\n<li data-sourcepos=\"12:1-12:9\">$67,400<\/li>\n<li data-sourcepos=\"13:1-14:0\">$66,000<\/li>\n<\/ul>\n<p data-sourcepos=\"15:1-15:41\"><strong>Ethereum<\/strong> is currently trading at $3,860, up 0.63% in the past 24 hours.<\/p>\n<p data-sourcepos=\"17:1-17:39\"><strong>Key resistance levels for Ethereum:<\/strong><\/p>\n<ul data-sourcepos=\"19:1-21:0\">\n<li data-sourcepos=\"19:1-19:8\">$3,920<\/li>\n<li data-sourcepos=\"20:1-21:0\">$3,970<\/li>\n<\/ul>\n<p data-sourcepos=\"22:1-22:36\"><strong>Key support levels for Ethereum:<\/strong><\/p>\n<ul data-sourcepos=\"24:1-26:0\">\n<li data-sourcepos=\"24:1-24:8\">$3,800<\/li>\n<li data-sourcepos=\"25:1-26:0\">$3,750<\/li>\n<\/ul>\n<p data-sourcepos=\"27:1-27:75\"><strong>Dogecoin<\/strong> is currently trading at $0.169, up 2.75% in the past 24 hours.<\/p>\n<blockquote>\n<p data-sourcepos=\"3:1-3:91\">You might like:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/galaxy-digital-warns-bitcoin-price-sell-off-could-continue\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Galaxy Digital Warns! Bitcoin Price Sell-Off Could Continue!<\/em><\/strong><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"29:1-29:39\"><strong>Key resistance levels for Dogecoin:<\/strong><\/p>\n<ul data-sourcepos=\"31:1-33:0\">\n<li data-sourcepos=\"31:1-31:8\">$0.169<\/li>\n<li data-sourcepos=\"32:1-33:0\">$0.175<\/li>\n<\/ul>\n<p data-sourcepos=\"34:1-34:36\"><strong>Key support levels for Dogecoin:<\/strong><\/p>\n<ul data-sourcepos=\"36:1-38:0\">\n<li data-sourcepos=\"36:1-36:8\">$0.166<\/li>\n<li data-sourcepos=\"37:1-38:0\">$0.163<\/li>\n<\/ul>\n<p data-sourcepos=\"39:1-39:76\"><strong>Avalanche<\/strong> is currently trading at $37.26, up 1.12% in the past 24 hours.<\/p>\n<p data-sourcepos=\"41:1-41:40\"><strong>Key resistance levels for Avalanche:<\/strong><\/p>\n<ul data-sourcepos=\"43:1-45:0\">\n<li data-sourcepos=\"43:1-43:8\">$37.80<\/li>\n<li data-sourcepos=\"44:1-45:0\">$39.50<\/li>\n<\/ul>\n<p data-sourcepos=\"46:1-46:37\"><strong>Key support levels for Avalanche:<\/strong><\/p>\n<ul data-sourcepos=\"48:1-50:0\">\n<li data-sourcepos=\"48:1-48:8\">$36.50<\/li>\n<li data-sourcepos=\"49:1-50:0\">$35.30<\/li>\n<\/ul>\n<p data-sourcepos=\"51:1-51:76\"><strong>Chainlink<\/strong> is currently trading at $18.40, up 1.10% in the past 24 hours.<\/p>\n<p data-sourcepos=\"53:1-53:40\"><strong>Key resistance levels for Chainlink:<\/strong><\/p>\n<ul data-sourcepos=\"55:1-57:0\">\n<li data-sourcepos=\"55:1-55:8\">$18.87<\/li>\n<li data-sourcepos=\"56:1-57:0\">$20.70<\/li>\n<\/ul>\n<p data-sourcepos=\"58:1-58:37\"><strong>Key support levels for Chainlink:<\/strong><\/p>\n<ul data-sourcepos=\"60:1-62:0\">\n<li data-sourcepos=\"60:1-60:8\">$17.60<\/li>\n<li data-sourcepos=\"61:1-62:0\">$16.60<\/li>\n<\/ul>\n<p data-sourcepos=\"63:1-63:211\"><strong>Overall, the crypto market is showing mixed signals. Bitcoin and Ethereum are both consolidating after recent gains, while Dogecoin and Avalanche are continuing to move higher. Chainlink is also up slightly.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is currently trading at $68,600, consolidating after a brief rally to $70,680. If the price breaks below $68,620 support, it could fall further to $66,000. Key resistance levels for Bitcoin: $68,800 $69,800 Key support levels for Bitcoin: $67,400 $66,000 Ethereum is currently trading at $3,860, up 0.63% in the past 24 hours. Key resistance<\/p>\n","protected":false},"author":1,"featured_media":21545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[273,61,724,68,105],"class_list":["post-21544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-avalanche","tag-bitcoin","tag-chainlink","tag-dogecoin","tag-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin and Crypto Update - May 29 - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin is currently trading at $68,600, consolidating after a brief rally to $70,680. 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