Bitcoin and Ethereum: Bitcoin falls to $42700 this morning

<div><img width="1200" height="842" src="https://www.financebrokerage.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 falls to $42700 this morning</b></h1>
<ul>
<li aria-level="1">In the previous week, the price of Bitcoin had risen to $44409.</li>
<li aria-level="1">On Friday, we saw the Ethereum price jump to $2342.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>In the previous week, the price of Bitcoin had risen to $44409. From that moment, we started a slight retreat that continues today. Last night, we saw a bearish impulse pushing the price down to $42700. Thus, we saw a drop below the EMA50 moving average. We are currently at the $43150 level and are fighting to move above the EMA50. If we fail to do so, the price could easily slide to a new low.</p>
<p>Potential lower targets are $42600 and $42400 levels. We need to get back above the $43400 level for a <a href="https://www.financebrokerage.com/bitcoin-ethereum-dogecoin-bullish-options-on-charts/">bullish option</a>. Then, we need to stabilize there and form a new bottom at that level. After that, we expect to see further recovery and climb to higher levels. Potential higher targets are the $43600 and $43800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-249157 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/YclgAurV-1024×524.jpg" alt="Bitcoin chart analysis" width="1024" height="524" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>On Friday, we saw the Ethereum price jump to $2342. There, we encounter resistance and start pulling back below the $2300 level. Yesterday, we tried again to get back above 2300 and only managed to reach the $2320 level. Shortly after that, the price begins a new pullback and falls to the $2240 level. We get new support and return above the EMA50 moving average to the $2275 level.</p>
<p>Now, it is important for us to move above $2280 in order to catch the run towards $2300. Potential higher targets are the $2320 and $2340 levels. We would have to drop back below the $2260 level for a bearish option. Thus, we would return below the EMA50 moving average, which could have a negative impact on further movement to the bearish side. Potential lower targets are $2240 and $2220 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-249158 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/WGBBcCD1-1024×524.jpg" alt="Ethereum chart analysis" width="1024" height="524" /></p>
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