Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

Bitcoin and Ethereum: Bitcoin is holding above $30200

Bitcoin and Ethereum: Bitcoin is holding above $30200

Over the weekend, the price of Bitcoin was in a slight retreat to the $30,000 level.
Over the weekend, Ethereum’s price moved sideways in the $1840-$1880 range.

Bitcoin chart analysis

Over the weekend, the price of Bitcoin was in a slight retreat to the $30,000 level. This morning we managed to consolidate at that level and start a bullish recovery. The price is now at $30175, and we could expect to see a continuation of the recovery. Our target is the $30300-$30400 zone, as well as the EMA50 moving average.

If we manage to get above this zone, the potential higher targets are the $30500 and $30600 levels. We need negative consolidation and pullbacks below the $30,000 support level for a bearish option. This could negatively affect the price of Bitcoin. Potential lower targets are $29900 and $29800 levels. Last week’s bitcoin price low was at the $29722 level.

Ethereum chart analysis

Over the weekend, Ethereum’s price moved sideways in the $1840-$1880 range. We received new support at the $1850 level at the beginning of this week and are starting a bullish consolidation. The price of Ethereum is now at the $1865 level and is on its way to the $1870 level. By moving above that level, we would have the opportunity to test the previous high at the $1880 level.

Additional resistance in that zone is created by the EMA50 moving average, and we need a concrete break above it for further price recovery. Potential higher targets are the $1890 and $1900 levels. We need negative consolidation and pullback to the $1840 support level for the bearish option. A fall below would mean the formation of a new low and a continued bearish side. Potential lower targets are $1830 and $1820 levels.

The post Bitcoin and Ethereum: Bitcoin is holding above $30200 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

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.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 smartsuccessstrategy.com