Bitcoin and Ethereum: Bitcoin close to $30000 yesterday

<div><img width="1200" height="842" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/04/Le-Bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin casse à nouveau les 30 000 dollars mardi 18 avril 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin close to $30000 yesterday</b></h1>
<ul>
<li aria-level="1">Since the beginning of this week, we have seen an increase in volatility on the Bitcoin chart.</li>
<li aria-level="1">Ethereum&#8217;s price jumped to the $1640 level yesterday, forming a new 10-day high price.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Since the beginning of this week, we have seen an increase in volatility on the Bitcoin chart. A strong impulse made Bitcoin jump to the $29900 level yesterday. This was followed by a quick pullback to the $28,000 support level. Since then, we have been above that level and are moving into a new <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-in-bullish-consolidation-to-1-05400/">bullish consolidation</a>. We managed to form a new high at the $28,800 level so that we could make a pullback from that place again, but now only up to the $28,200 support level.</p>
<p>The new bullish consolidation manages to move us above the $28400 level, and we could soon test the $28500 level. Potential higher targets are $28800 and $29000 levels. We need a negative consolidation and a price drop below $28200 of the previous low for a bearish option. After that, we would be able to test the next level of support at the $28,000 level. Potential lower targets are $27800 and $27600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233842 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/MYfcDFEq-1024×608.jpg" alt="Bitcoin chart analysis" width="1024" height="608" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Ethereum&#8217;s price jumped to the $1640 level yesterday, forming a new 10-day high price. A pullback and retreat to the $1,570 level soon followed. After that, Ethereum managed to consolidate above that level and move above the $1580 level. There, it gets support in the EMA50 and starts a positive consolidation level up to $1605. At that level, we encounter resistance and retreat again to the $1585 level, where we form a higher low.</p>
<p>The new support leads to the start of another bullish consolidation and a jump to the $1592 level. Potential higher targets are the $1600 and $1610 levels. We need a negative consolidation of the price drop to the $1580 support level for a bearish option. A break below would drop us below the EMA50 moving average, which would increase the pressure on the price to continue down. Potential lower targets are $1570 and $1560 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233843 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/hwtKhaqH-1024×608.jpg" alt="Ethereum chart analysis" width="1024" height="608" /></p>
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