Bitcoin and Ethereum: Bitcoin’s new drop to the $26000 level

<div><img width="1200" height="798" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/11/Bitcoin-4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin&#8217;s new drop to the $26000 level</b></h1>
<ul>
<li aria-level="1"><span>During the weekend, the price of <a href="https://www.financebrokerage.com/bitcoin-trading-tips-and-tricks-a-beginners-guide/">Bitcoin</a> was mostly calm, hovering in the $26500-$26600 range.</span></li>
<li aria-level="1"><span>The price of Ethereum is sliding below $1600 again, forming a new two-week low this morning at the $1564 level.</span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>During the weekend, the price of Bitcoin was mostly calm, hovering in the $26500-$26600 range. Last night, we saw some volatility in the price movement and increased volatility between the $26360 and $26730 levels. At the beginning of this week, the price of bitcoin fell into <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> consolidation and to the $26008 level. We found ourselves again in the zone around the $26,000 level, which leads to an increase in bearish pressure.</span></p>
<p><span>A break below this morning&#8217;s support will cause the price to begin a further decline with the formation of a new low. Potential lower targets are $25900 and $25800 levels. We need a positive consolidation and a jump above the $26200 level for a bullish option. Then, we need to maintain above that in order to start the recovery with a new bullish impulse. Potential higher targets are $26400 and $26500 levels.</span></p>
<h2><b><img decoding="async" loading="lazy" class="alignnone size-large wp-image-228690" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/Ethereum-chart-analysis-2-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></b></h2>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>The price of Ethereum is sliding below $1600 again, forming a new two-week low this morning at the $1564 level. After this decline, we see a new impulse to the $1580 level and resistance at that level. Then, the price makes a new pullback to the $1572 level. Increased pressure in this zone could create a breakout below and trigger a further price pullback. Potential lower targets are $1560 and $1550 levels.</span></p>
<p><span>For a bullish option, we need a positive consolidation and a return of the price above the $1580 level. Then, we need to maintain our position above in order to consolidate there and start further recovery from there. Potential higher targets are $1590 and $1600 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-228681" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/Ethereum-chart-analysis-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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