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 makes an impulse to $26800

Bitcoin and Ethereum: Bitcoin makes an impulse to $26800

The price of Bitcoin made a bullish jump to the $26823 level yesterday.
Ethereum’s price reached the $1,632 level yesterday, forming a new high for the week.

Bitcoin chart analysis

The price of Bitcoin made a bullish jump to the $26823 level yesterday. At that level, we encountered resistance, and bitcoin, with a bearish impulse, went down to the $26100 level. After that, we got support and managed to initiate a positive consolidation and move up to the $26460 level. Here, we are now testing the EMA50 moving average, and we need a break above to continue on the bullish side. Potential higher targets are $26600 and $26800 levels.

We need a negative consolidation and a new pullback to support a bearish option at the $26100 level. A price breakout below would see us retest the $26,000 level. The increased pressure in that zone could influence the price to continue sliding, and the potential lower targets are the $25,900 and $25,800 levels.

Ethereum chart analysis

Ethereum’s price reached the $1,632 level yesterday, forming a new high for the week. There, we encountered resistance, and the price started a pullback all the way to the $1585 level. We quickly consolidated there and moved above the $1590 level. After that, the price makes a positive consolidation that climbs Ethereum to the $1620 level. For now, we stop at that level and pull back slightly to the $1615 level.

We need a continuation of the positive consolidation in order to move further to the bullish side. Potential higher targets are the $1630 and $1640 levels. We need a negative consolidation and pullback to the $1600 level for a bearish option. A breakout below could signal a continuation of Ethereum’s price decline. Potential lower targets are $1590 and $1580 levels.

The post Bitcoin and Ethereum: Bitcoin makes an impulse to $26800 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