• The price of Bitcoin has been in the range of $19,600-$20,000 today.
• The price of Ethereum still fails to climb above the $1500 level but is leaning towards the 14504 support level.
   

Bitcoin chart analysis

The price of Bitcoin has been in the range of $19,600-$20,000 today. No more pop-ups from this channel. Bearish pressure is still present after the price dropped drastically from the $22,800 level on September 13. To continue the bearish option, we need a break below this consolidation. And our potential lower support zone is at the $19,000 level. We need a positive consolidation and a return above the $20000 level for a bullish option. If we could do that, we would get additional support in the MA50 moving average. Potential higher targets are $20500 and $21000 levels.

(Click on image to enlarge)

Ethereum chart analysis

The price of Ethereum still fails to climb above the $1500 level but is leaning towards the 14504 support level. Ethereum could easily slip to the $1400 level and look for new support there. We need a positive consolidation to go back above the $1500 level for a bullish option. Then we must hold above and try with a new impulse to continue the bullish recovery. Potential higher targets are $1550 and $1600 levels. In the zone around $1530, we have additional resistance in the MA50 moving average, while the MA200 is higher at the $1660 level.

(Click on image to enlarge)

More By This Author: