Bitcoin and Ethereum: Bitcoin jumps to a new high at $30988

<div><img width="1200" height="823" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/05/Le-Bitcoin-sous-les-26-500-dollars-du-coin-vendredi-26-mai-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin sous les 26 500 dollars du coin vendredi 26 mai 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin jumps to a new high at $30988</b></h1>
<ul>
<li aria-level="1">During the weekend, the price of Bitcoin managed to stabilize around the $30,000 level.</li>
<li aria-level="1">Over the weekend, the price of Ethereum continued the previous bullish consolidation, stabilizing above the $1630 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>During the weekend, the price of Bitcoin managed to stabilize around the $30,000 level. In the first hours of Monday, we saw a bullish impulse and the beginning of a bullish consolidation with the formation of a new high at the $30988 level. We have stopped there for now, and the price is retreating to the $30,500 level, looking for that support. If it succeeds in that, it could start a new positive consolidation that would take us above the $31,000 level.</p>
<p>Potential higher targets are $31100 and $31200 levels. We need a negative consolidation and <a href="https://www.financebrokerage.com/usdchf-and-usdjpy-usdchf-is-in-a-big-pullback-to-0-89000/">pullback</a> to the $30250 level for a bearish option. Thus, we would return to yesterday’s movement zone, reducing the bullish pressure and influencing the price to start pulling down. Potential lower targets are the $30,000 and $29,750 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234936 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/WNgC30hs-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Over the weekend, the price of Ethereum continued the previous bullish consolidation, stabilizing above the $1630 level. As Monday began, the price made a new bullish impulse and jumped to the $1706 level, thus forming a new higher high. We then see a stop at that level and a pullback below the $1700 level to the $1675 support level. If it does not last, the next support is in the zone around $1,660.</p>
<p>Potential lower targets are $1650 and $1640 levels. For a bullish option, we need a continuation of positive consolidation and a return above the $1680 level. There, we would form a new bottom and, from there, start a new recovery and visit the $1700 level. With a breakthrough, we would have the opportunity to form a new high, and the potential higher targets are $1710 and $1720 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234937 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/mgSe3TkP-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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