Bitcoin and Ethereum: Bitcoin bounces back above $26500

<div><img width="1200" height="798" src="https://www.financebrokerage.com/wp-content/uploads/2023/02/Le-Bitcoin-passe-les-24-000-dollars-jeudi-2-fevrier-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin bounces back above $26500</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin continues its bullish consolidation, forming a new September high this morning at the $26535 level.</li>
<li aria-level="1">The price of Ethereum jumped to $1637 this morning, forming a new weekly high.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin continues its bullish consolidation, forming a new September high this morning at the $26535 level. After that, we see a slight pullback to support at the $26,200 level. From there, we start the current positive consolidation and move above the $26300 level. The price has <a href="https://www.financebrokerage.com/solana-and-cardano-solano-finds-support-at-the-17-80-level/">support</a> at the EMA50 moving average, and this could encourage Bitcoin to start a further recovery. Potential higher targets are $26600 and $26800 levels.</p>
<p>For a bearish option, we need a negative consolidation and a price drop below the $26200 support level. After that, we can expect a pullback to the $26000 level and the EMA50 moving average. A break below would mean that the price is under pressure to continue on the bearish side. Potential lower targets are $25800 and $25600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226614 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/mmOFClnX-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum jumped to $1637 this morning, forming a new weekly high. From there, we see a pullback to support at $1613, and there, we encounter support at the EMA50 moving average. The price then climbs to the $1620 level and could trigger further recovery if it continues with positive consolidation. Potential higher targets are $1640 and $1650 levels.</p>
<p>We need a negative consolidation and a drop below the EMA50 and the $1610 level for a bearish option. After that, we would be able to test the $1600 level. A price drop below that support would increase uncertainty, and we would likely see a further pullback to lower levels. Potential lower targets are $1580 and $1560 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226615 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/tNBzRqBP-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-bounces-back-above-26500/">Bitcoin and Ethereum: Bitcoin bounces back above $26500</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>