Bitcoin chart analysisBitcoin price broke out of the previous consolidation yesterday, forming a new high this morning at the $35968 level. The previous time we were at that level was a year and a half ago. The jump stops at that level, and Bitcoin begins to retreat, descending to the $35100 level.The pullback stops at that level, and we see a slight recovery to the $35300 level. We need a new bullish impulse to start a new bullish consolidation.Potential higher targets are $36000 and $36200 levels. For a bearish option, we need a negative consolidation and price pullback below the $35000 support level. After that, there would be an increase in pressure on Bitcoin, which would have a negative impact and send it to lower support levels. Potential lower targets are $34800 and $34400 levels.  Ethereum chart analysisThis morning, we saw the formation of a new Ethereum high price at the $1874 level. We stayed up there for a short time, and a pullback to the $1825 level followed. If the current consolidation continues, the price of Ethereum could slip to the $1800 support level. Failure to hold at that level would lead to a breakout below. Potential lower targets are $1780 and $1760 levels.We would get additional support in the EMA50 moving average in the zone around the $1790 level. For a bullish option, we need a new positive consolidation and a return above the $1840 level.There, we formed a new bottom from which we would have the opportunity to start further growth on the bullish side. Potential higher targets are $1860 and $1880 levels.  More By This Author:Bitcoin And Ethereum: Bitcoin In Sideways Movement Bitcoin And Ethereum: Bitcoin Is Holding Above $34000 Dogecoin And Shiba Inu: Dogecoin Is Holding Above 0.07000

Print Friendly, PDF & Email

Related Posts