Economy

Bitcoin and Ethereum: Bitcoin jumped to $28142 yesterday

Bitcoin and Ethereum: Bitcoin jumped to $28142 yesterday

Finally, we saw a breakout from the previous consolidation yesterday, and Bitcoin jumped to the $28180 level.
The price of Ethereum jumped to the $1745 level yesterday, forming a two-week high.

Bitcoin chart analysis

Finally, we saw a breakout from the previous consolidation yesterday, and Bitcoin jumped to the $28180 level. After that, there was a pullback to the $27360 level, and now we are trying to consolidate there and form a new bottom at that level. If we succeed in this, we could start a new bullish consolidation. Our goal is to return above the $28,000 level again. Potential higher targets are $28400 and $28600 levels.

We need a negative consolidation and a price drop below the $27400 support level for a bearish option. In the future, we could expect the price to start with a further retreat. Potential lower targets are $27200 and $27000 levels. EMA50 moving average is in the zone around the $26600 level.

Ethereum chart analysis

The price of Ethereum jumped to the $1745 level yesterday, forming a two-week high. The price starts pulling back from that position and goes down to the $1715 level. The current consolidation tells us that we could see a break below and a visit to the $1700 level. This is where we would look for the next potential support.

A drop below $1700 would mean that the price has no more strength, and we will see a continuation to the bearish side. Potential lower targets are $1680 and $1660 levels. Additional price support could be in the EMA50 moving average around the $1680 level.

We need a positive consolidation and stabilization above $1720 for a bullish option. After that, we could expect the price to initiate further recovery and visit yesterday’s high. Potential higher targets are $1760 and $1780 levels.

The post Bitcoin and Ethereum: Bitcoin jumped to $28142 yesterday appeared first on FinanceBrokerage.

You May Also Like

Editor's Pick

ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

Investing

Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

Latest News

There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

Latest News

House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

Disclaimer: realinvestmentstar.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 realinvestmentstar.com