Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

Bitcoin and Ethereum: Bitcoin at $26000 again yesterday

Bitcoin and Ethereum: Bitcoin at $26000 again yesterday

Yesterday, we saw Bitcoin’s attempt to reach the $26,000 level.
Ethereum price jumped to $1668 level yesterday.

Bitcoin chart analysis

Yesterday, we saw Bitcoin’s attempt to reach the $26,000 level. He succeeded in doing so, but a pullback to the $25,600 level quickly followed. After that, we see a new attempt and recovery to the $25800 level, where we encounter new resistance and pullback. The current price is $25730, and we could expect the price to continue to slide down slowly. Potential lower targets are $25600 and $25500 levels.

We need a new positive consolidation and a price jump above the $25800 level for a bullish option. Then we need to hold above there in order to move further towards the $26000 level. Potential higher targets are $26100 and $26200 levels. We have additional pressure on the price in the zone around $26,000 in the EMA50 moving average.

Ethereum chart analysis

Ethereum price jumped to $1668 level yesterday. The joy was short-lived, and a quick return to the $1625 level followed. After that, we saw another bullish attempt, but it ended at the $1640 level. Now, we again see bearish consolidation and a return to the zone around the $1630 level. It is very possible that we will now continue the pullback to $1620, where we could look for the first support.

A break below this support level would increase the bearish pressure on the price to go further down. Potential lower targets are $1610 and $1620 levels. We need a positive consolidation and a return above the $1640 level for a bullish option. In that zone, we encounter the EMA50 moving average, and we need a break above to continue to the bullish side. Potential higher targets are $1650 and $1660 levels.

 

The post Bitcoin and Ethereum: Bitcoin at $26000 again yesterday 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

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved