Bitcoin and Ethereum: Bitcoin again at the $26000 level

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Le-Bitcoin-explose-les-compteurs-et-prend-plus-de-7-mercredi-26-octobre-2022.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin explose les compteurs et prend plus de 7% mercredi 26 octobre 2022" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin again at the $26000 level</b></h1>
<ul>
<li aria-level="1">Bitcoin continues its retreat after Wednesday’s jump to the $26,800 level.</li>
<li aria-level="1">The price of Ethereum hovers around the $1650 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin continues its retreat after Wednesday’s jump to the $26,800 level. We have once again returned to the support zone around the $26,000 level. Pressure is now in this zone and could lead to a breakout below and the formation of a new low. Potential lower targets are $25800 and $25600 levels. This week’s bitcoin price low was at the $25350 level.</p>
<p>We need a positive consolidation and a move to at least the $26250 level for a <a href="https://www.financebrokerage.com/bullish-kicking-pattern/">bullish</a> option. Then we need to hold above there in order to start a further recovery of the price of bitcoin from there. Potential higher targets are $26400 and $26600 levels. Additional resistance for the price of Bitcoin will be in the EMA50 moving average at the $26600 price.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-221064 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/c-1024×619.jpg" alt="Bitcoin chart analysis" width="1024" height="619" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum hovers around the $1650 level. We are currently managing to stay above and gain support in that zone. A certain bearish pressure is noticeable because we failed to break above the $1700 level on Wednesday. That could push the price below current support and send it testing lower support levels. Potential lower targets are $1620 and $1600 levels.</p>
<p>We need a positive consolidation and price movement above the $1670 level for a bullish option. Then, we need to keep up there to start recovery with a new impulse. Potential higher targets are $1680 and $1700 levels. We have additional resistance to the bullish option in the EMA50 moving average in the zone around the $1680 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-221065 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Nbp8YOX4-1024×619.jpg" alt="Ethereum chart analysis" width="1024" height="619" /></p>
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