Bitcoin and Ethereum: Bitcoin climbed back above $35000

<div><img width="1200" height="899" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/10/Bitcoin-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin climbed back above $35000</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin rose to the $35891 level yesterday.</li>
<li aria-level="1">Yesterday, we saw the Ethereum price pull back to support at the $1850 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin rose to the $35891 level yesterday. Before that, we saw consolidation and testing of support at the $34,500 level. We got additional support in that zone in the EMA50 moving average.</p>
<p>This was followed by a bullish impulse and a jump to yesterday’s high. From that level, the price begins to pull back to support at the $35,200 level. The pullback stops there, and Bitcoin begins a new <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-in-bullish-consolidation-to-1-05400/">bullish consolidation</a>, increasing to the $35350 level.</p>
<p>We need continued positive consolidation in order to continue further recovery. Potential higher targets are $35500 and $35600 levels. For a bearish option, we need a negative consolidation and a drop below the support at the $35200 level.</p>
<p>After that, we would be in a situation to test $35000. Potential lower targets are $34900 and $34800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-238838 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/IBKg3zdj-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday, we saw the Ethereum price pull back to support at the $1850 level. We managed to stay above it and jump to the $1910 level with a bullish impulse. There, we encounter resistance and pull back to support at the $1875 level.</p>
<p>We are currently consolidating around the $1880 level but remain under bearish pressure, which could continue to push the price down. Potential lower targets are $1860 and $1850 levels.</p>
<p>Additional support for Ethereum in the zone around $1850 was provided by the EMA50 moving average. For a bullish option, we need a positive consolidation and move again to the $1900 level.</p>
<p>Then, we would have to hold on there so that with the next impulse, we could start the continuation to the bullish side. Potential higher targets are the $1910 and $1920 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-238839 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/F2TvQJKD-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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