Bitcoin and Ethereum: Bitcoin continues to consolidate

<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 continues to consolidate</b></h1>
<ul>
<li aria-level="1">Bitcoin price continues to move sideways today in the $26200-$26270 range.</li>
<li aria-level="1">After gaining support at $1580, the price of Ethereum is moving into a bullish consolidation.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price continues to move sideways today in the $26200-$26270 range. After this <a href="https://www.financebrokerage.com/consolidation-in-stocks/">consolidation</a>, we expect to see further recovery and a move to higher levels. Potential higher targets are $26300 and $26400 levels. At the $26,400 level, we would test yesterday’s bitcoin price high. The EMA50 moving average is located in the zone around the $26450 level.</p>
<p>We need a negative consolidation and pullback to the $26100 level for a bearish option. A break below this level could push the price to a new test of the $26,000 level. A drop below it would form a new lower low and thus confirm the bearish option. Potential lower targets are $25900 and $25800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-229301 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/V4BoDAn5-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>After gaining support at $1580, the price of Ethereum is moving into a bullish consolidation. This morning, we climbed to the $1597 level and are stopping at that point with a slight price pullback to the $1590 level. In that zone, we see the beginning of a new positive consolidation, and now we expect to continue towards the $1600 level.</p>
<p>Additional resistance in that zone is the EMA50 moving average. A break above would strengthen bullish optimism, and the price would have all the conditions to continue with further recovery. Potential higher targets are the $1610 and $1620 levels. We need a negative consolidation and a new drop to the $1580 support level for a bearish option. Falling below this level leads to increased pressure on Ethereum and sends it to previous lower levels. Potential lower targets are $1570 and $1560 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-229302 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/IAPZqkEC-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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