Bitcoin and Ethereum: Bitcoin fell below $25000 last night

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/bitcoin-3.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 below $25000 last night</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin failed to withstand the pressure at the $25700 level, and we saw a <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> impulse and a drop to the $24920 level.</li>
<li aria-level="1">The price of Ethereum yesterday broke below the support at $1600 and formed a new six-month low at the $1531 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin failed to withstand the pressure at the $25700 level, and we saw a bearish impulse and a drop to the $24920 level. Thus, a new three-month low was formed. After that, bitcoin manages to consolidate at that level and with a bullish consolidation, it climbs to the $22800 level.</p>
<p>We are currently managing to hold above yesterday’s pressure zone at $25700, and we could expect to see a bullish consolidation and continued recovery. Potential higher targets are the $25,900 and $26,000 levels.</p>
<p>We need a negative consolidation and a new drop below the $25700 level for a bearish option. Then, we could expect to drop below the $25,000 level again and perhaps form a new lower low. Potential lower targets are $24800 and $24600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225969 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/74Ql7qTm-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum yesterday broke below the support at $1600 and formed a new six-month low at the $1531 level. This was followed by a bullish consolidation and recovery to the $1580 level. We are currently consolidating around that level with slight bearish pressure. We need a positive consolidation and a new test of the $1600 level for a bullish option.</p>
<p>A break above and holding above could affect the further growth of the price of Ethereum. Potential higher targets are the $1620 and $1640 levels. We need a negative consolidation and price pullback below the $1560 level for a bearish option. After that, we should see a further drop in price and a visit to the previous support zone. Potential lower targets are $1520 and $1500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225970 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/HWXFZ9d4-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/bitcoin-and-ethereum-bitcoin-fell-below-25000-last-night/">Bitcoin and Ethereum: Bitcoin fell below $25000 last night</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>