Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Economy

Bitcoin and Ethereum: Bitcoin falls back to the $26000

Bitcoin and Ethereum: Bitcoin falls back to the $26000

With yesterday’s fall, the price of Bitcoin erased the previous jump to the $28142 level.
The price of Ethereum fell to the $1630 level last night.

Bitcoin chart analysis

With yesterday’s fall, the price of Bitcoin erased the previous jump to the $28142 level. This morning, we saw the formation of a new low at the $25690 level. After that, the price consolidated and moved up to $26000, where we are now. We could expect to see a continuation of the bullish consolidation and a move to the $26200 level.

In the zone around $26400, we encounter the EMA50 moving average, and we need a new break above to continue on the bullish side. Potential higher targets are $26600 and $26800 levels. We need a negative consolidation and pullback to the $25600 level for a bearish option. There, we would be under a lot of pressure to continue with further withdrawal. Potential lower targets are $25400 and $25200 levels.

Ethereum chart analysis

The price of Ethereum fell to the $1630 level last night. After the jump on Tuesday to the $1745 level, there followed a pullback and a drop to the previous low. Now, we are holding around the $1645 level and rising in the support zone. This could produce a new bearish impulse and a new drop to lower levels. Potential lower targets are $1620 and $1600 levels.

For a bullish option, we need a positive consolidation and a move above $1660 to start. After that, we need to hold on there in order to start a further recovery to the bullish side from there. Potential higher targets are $1680 and $1700 levels. We could have additional resistance in the EMA50 moving average in the zone around the $1680 level.

The post Bitcoin and Ethereum: Bitcoin falls back to the $26000 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.



    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!

    You May Also Like

    Editor's Pick

    Overview The world of business technology has evolved. Driven by the shift towards distributed work and cloud application delivery, enterprise infrastructure is undergoing a...

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Economy

    Bitcoin Rebounds to $69,000 Quick Look Bitcoin rebounds to $69,000, influenced by optimistic FR statements and anticipation of the halving event. FR officials’ comments...

    Economy

    0xDistro ICO (DISTRO) is Live. What does it offer? In the world of decentralized finance, 0xDistro emerges as a promising project. It presented itself...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com