Bitcoin and Ethereum: Bitcoin climbs to the $30800 level

<div><img width="944" height="648" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Notes_221021_204133_64e.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le cours du Bitcoin plonge sous les 18 800 dollars vendredi 21 octobre 2022" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin climbs to the $30800 level</b></h1>
<ul>
<li aria-level="1">Yesterday we saw the Bitcoin price pull back to the $30200 support level.</li>
<li aria-level="1">The Ethereum price pulled back to the $1890 level yesterday.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday we saw the Bitcoin price pull back to the $30200 support level. The price stopped the decline at that level and started a new bullish consolidation. We then climbed to $30500, where we continued to consolidate. Additional support in this zone is in the EMA50 moving average. Now we see a new <a href="https://www.financebrokerage.com/gold-and-silver-bullish-impulse-and-rising/">bullish impulse</a> pushing the price above the $30800 level, and if this trend continues, we could soon climb to the $31000 level.</p>
<p>If the price breaks above the $31000 level, the potential higher targets are the $31200 and $31400 levels. We need a negative consolidation and bitcoin pullback below $30500 for a bearish option and the EMA50 moving average. Such a picture would add pressure on the price, and we could see a continuation of the price decline. Potential lower targets are $30200 and $30000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-210149 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/KnvoPrvo-1024×634.jpg" alt="Bitcoin chart analysis" width="1024" height="634" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The Ethereum price pulled back to the $1890 level yesterday. After that, we see price consolidation around the $1910 level and the EMA50 moving average. Then there was a new bullish impulse that triggered the continuation of the recovery and the jump to the $1930 level. We are now entering the zone of yesterday’s consolidation and need a break above to continue to the upside.</p>
<p>Potential higher targets are the $1940 and $1950 levels. We need a negative consolidation and price pullback to yesterday’s support around the $1900 level for a bearish option. Then we would pull back below the EMA50 moving average, which we would interpret negatively for the continuation of the trend. Potential lower targets are $1890 and $1880 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-210150 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/Z3XVZsB6-1024×634.jpg" alt="Ethereum chart analysis" width="1024" height="634" /></p>
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