Bitcoin and Ethereum: Bitcoin remains stable above $33500
<div><img width="1200" height="800" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/04/shutterstock_1190133877-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="chart overview for Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin remains stable above $33500</b></h1>
<ul>
<li aria-level="1">Yesterday’s Bitcoin price pullback was halted at the $33500 level.</li>
<li aria-level="1">After a jump to the $1854 level yesterday, we saw the Ethereum price pull back to the $1760 support level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday’s Bitcoin price pullback was halted at the $33500 level. After that, the price starts a bullish consolidation and climbs above the $34,000 level. We are currently very close to climbing above the $34200 level and thereby confirming the <a href="https://www.financebrokerage.com/eurusd-new-bullish-momentum-above-ema50-from-1-04485/">bullish</a> supremacy. Potential higher targets are $34800 and $35200 levels.</p>
<p>We need a negative consolidation and price pullback below the $33500 support level for a bearish option. Thus, we would make the first step to the bearish side, which would lead to the continuation of the retreat to lower levels. Potential lower targets are $33200 and $32800 levels. EMA50 is far from the $30800 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-235615 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/V9beElM9-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>After a jump to the $1854 level yesterday, we saw the Ethereum price pull back to the $1760 support level. We managed to get support there and recover to the $1820 level. We encounter new resistance at that level, and the price pulls back to the current $1785 level. Today’s picture is more bearish, which could influence us to visit yesterday’s $1760 support level.</p>
<p>A break below would signify further pullback and fall to lower levels. Potential lower targets are $1740 and $1720 levels. We need a positive consolidation and a return above the $1820 level for a bullish option. Then, we would have to hold up there in order to create an initial position for a continuation to the bullish side. Potential higher targets are $1840 and $1860 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-235616 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/fbwoZVFA-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
<p> </p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/bitcoin-and-ethereum-bitcoin-remains-stable-above-33500/">Bitcoin and Ethereum: Bitcoin remains stable above $33500</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>
Leave a Comment