Bitcoin and Ethereum: Bitcoin falls to the $28980 level

<div><img width="1200" height="801" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1101060608.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin falls to the $28980 level</b></h1>
<ul>
<li aria-level="1"><span>Yesterday’s attempt by the price of <a href="https://www.financebrokerage.com/bitcoin-trading-tips-and-tricks-a-beginners-guide/">Bitcoin</a> to make a concrete step to the bullish side was stopped at the 30350 level.</span></li>
<li aria-level="1"><span>Over the weekend, Ethereum’s price remained under pressure below the EMA50 moving average. </span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>Yesterday’s attempt by the price of Bitcoin to make a concrete step to the <a href="https://www.financebrokerage.com/the-dollar-index-with-bullish-consolidation-rises-to-101-00/">bullish</a> side was stopped at the 30350 level. We start bearish consolidation from there, pulling back below $30000 and the EMA50 moving average. Then, we get support in the $29,600-$29,800 zone, and later we see a breakout below and a price drop to the $28,978 level. Thus, a new monthly low price was formed.</span></p>
<p><span>We need a new positive consolidation and price movement above the $29400 level for a bullish option. Then, we need to stay above that and to start the continuation of the recovery with a new impulse. Potential higher targets are $29600 and $29800 levels.</span></p>
<h2><b><img decoding="async" loading="lazy" class="alignnone size-large wp-image-213645" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/Bitcoin-chart-analysis-1-1024×621.jpg" alt="" width="1024" height="621" /></b></h2>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>Over the weekend, Ethereum’s price remained under pressure below the EMA50 moving average. Yesterday we had an attempt to start a bullish option, but it was stopped at the $1900 level. From there, Ethereum starts a new pullback and today falls to the $1833 level, thus forming a two-week low.</span></p>
<p><span>For a bearish option, we need a continuation of the negative consolidation. Potential lower targets are $1820 and $1810 levels. We need a positive consolidation and price movement above the $1850 level for a bullish option. Then, we need to try to stay above that, and with a new impulse, we would start the continuation of the recovery. Potential higher targets are $1860 and $1870 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-213646" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/Ethereum-chart-analysis-1-1024×621.jpg" alt="Ethereum chart analysis" width="1024" height="621" /></p>
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