Bitcoin And Ethereum: Bitcoin Is Hovering Around $25700
Bitcoin chart analysis
Today, Bitcoin remains below the $26,000 level. We are currently hovering around the $25750 level, pulling back from the $25850 previous low. We have support at the $25700 level, and we need to hold above it in order to try to move up to the $26000 level. In the zone around $26000, we have additional resistance in the EMA50 moving average.
With a breakout above, we will see a continuation of the bullish option. Potential higher targets are $26200 and $26400 levels. We need a negative consolidation and pullback to the $25600 level for a bearish option. A break below this level could increase pressure on the price and send it even lower. Potential lower targets are $25400 and $25200 levels.
(Click on image to enlarge)
Ethereum chart analysis
Today’s high price of Ethereum is the $1640 level. We encounter resistance at that level, and we need a breakthrough above it in order to move forward in the recovery. We have additional resistance in the EMA50 moving average. If we manage to move above, it would be a great sign for a bullish recovery. Potential higher targets are $1660 and $1670 levels.
We need a negative consolidation consolidation and a pullback below the $1620 level for a bearish option. After that, we entered an uncomfortable zone where we could see a breakout below and a visit to lower levels. Potential lower targets are $1610 and $1600 levels.
(Click on image to enlarge)
More By This Author:
Green Technology: The Power Of Pumped Storage HydropowerAustralian Economic Outlook: A Frail Balancing Act
Solana And Cardano: Cardano Is Holding Above The 0.255 Level
Disclaimer: Finance Brokerage and its workforce cannot, and do not, absolute warrant the accuracy, relevancy, reliability, consistency, and completeness of any information and materials in the ...
more