Bitcoin and Ethereum: Bitcoin fell to $36200 this morning

<div><img width="1200" height="771" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/09/Bitcoin.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin fell to $36200 this morning</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin was in retreat to the $36,200 level this morning.</li>
<li aria-level="1">Yesterday, we saw a bullish attempt by the price of Ethereum to the $2120 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin was in retreat to the $36,200 level this morning. In this zone, we encounter the EMA50 moving average and manage to get its support. After that, we started a new positive consolidation and grew to $36,700. Today’s consolidation tells us that we could expect to see a continuation to the bullish side and see Bitcoin again at the $37000 level. Potential higher targets are $37200 and $37400 levels.</p>
<p>We need a negative consolidation and a retracement to the previous low at the $36200 level for a <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> option. In that zone, we would again test the EMA50 moving average. A break below would lead to the formation of this week’s new low and confirm the chart’s bearish momentum. Potential lower targets are the $36,000 and $35,800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-240020 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/EEHtTeMd-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday, we saw a bullish attempt by the price of Ethereum to the $2120 level. There, we encounter resistance and start a pullback to the $2030 level. We are getting new support in that zone and starting with a positive consolidation in the recovery to the $2060 level. Now, we hope to see a continuation of this consolidation and the price of Ethereum to higher levels. Potential higher targets are $2080 and $2100 levels.</p>
<p>We need a negative consolidation and a new price decline to the $2030 support level for a bearish option. A break below leads to the formation of a new low and thus confirms the bearish presence on the chart. Potential lower targets are $2020 and $2000 levels. In the zone around the $2000 level, we could get support in the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-240021 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/4l019xV7-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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