Bitcoin and Ethereum: Bitcoin is back above $35000 yesterday

<div><img width="1200" height="842" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/04/Le-Bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin casse à nouveau les 30 000 dollars mardi 18 avril 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is back above $35000 yesterday</b></h1>
<ul>
<li aria-level="1"><span>The price of Bitcoin broke above $35,000 once again yesterday, forming a new high at the $35,200 level.</span></li>
<li aria-level="1"><span>The Ethereum price formed a new high at the $1856 level in the previous hour.</span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>The price of Bitcoin broke above $35,000 once again yesterday, forming a new high at the $35,200 level. After that, we see consolidation in the $24500-$34900 range. We are still holding very high, putting pressure on the resistance zone. This could produce a breakout above, and thus, we will form a new higher high in the price of Bitcoin. Potential higher targets are $35500 and $35750 levels.</span></p>
<p><span>We need a negative consolidation and <a href="https://www.financebrokerage.com/oil-and-natural-gas-the-oil-in-a-pullback-to-78-00/">pullback</a> below the $34500 level for a bearish option. A price drop below would have the effect of increasing pressure on Bitcoin and moving it to lower levels on the chart. After that, we would see a continuation of the pullback and the formation of a new low. Potential lower targets are $34000 and $33750 levels.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-235869 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/nvNWOcto-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>The Ethereum price formed a new high at the $1856 level in the previous hour. We are still holding very high; we are currently at the $1847 level, and we expect to see a continuation to the bullish side and the formation of a new high. Potential higher targets are $1860 and $1880 levels. This week’s consolidation is very bullish, which could have a big impact if we see another strong bullish impulse.</span></p>
<p><span>For a bearish option, we need a negative consolidation and price pullback to the $1760 level, the previous support. Returning to that level could influence us to see a breakout below and the beginning of a stronger bearish pullback. Potential lower targets are $1740 and $1720 levels. The EMA50 moving average is in the zone around the $1700 level.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-235872 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/CXHRUqSf-1-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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