Bitcoin and Ethereum: Bitcoin jumped to $31800 yesterday

<div><img width="1200" height="899" src="https://www.financebrokerage.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 jumped to $31800 yesterday</b></h1>
<ul>
<li aria-level="1">The price of bitcoin jumped to the $31818 level yesterday.</li>
<li aria-level="1">The price of Ethereum climbed back above the $2000 level this morning after two months.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of bitcoin jumped to the $31818 level yesterday. It took more than a year for the price of Bitcoin to return to this level. The previous time we were at that level was in June 2022. After the formation of a new high, the price retreats to the $31100 level, looking for support at that level. For now, we are managing to stay above that level and move up to the $31230 level.</p>
<p>We need a positive consolidation and a return to the previous resistance zone for a bullish option. Then we need an impulse to the $32000 level and a new consolidation in that zone. After that, we could think about continuing to the <a href="https://www.financebrokerage.com/apples-stock-target-bullish-analysis-on-growth-prospects/">bullish</a> side. Potential higher targets are $32200 and $32400 levels.</p>
<p>We need a negative consolidation and a new drop below the $31000 level for a bearish option. That could pull the price up to the $30,000 previous support level. A fall below it would mean a further continuation of the bearish side. Potential lower targets are $29800 and $29600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211752 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/YmeFei10-1024×621.jpg" alt="Bitcoin chart analysis" width="1024" height="621" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum climbed back above the $2000 level this morning after two months. A new high was formed at the $2030 level. From that level, the price starts to pull back and is now slowly slipping below the $2000 level. If it does not find support at the current level soon, the price of Ethereum could start a stronger bearish trend. Potential lower targets are the $1980 and $1960 levels.</p>
<p>We need positive consolidation and a return to the $2030 level for a bullish option. A price break above and hold above would be very beneficial for us to continue on the bullish side. Potential higher targets are $2040 and $2050 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211754 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/fgHTQeGG1-1024×621.jpg" alt="Ethereum chart analysis" width="1024" height="621" /></p>
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