Bitcoin and Ethereum: Bitcoin falls below $25500 last night

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/04/shutterstock_1190133877-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="chart overview for Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin falls below $25500 last night</b></h1>
<ul>
<li aria-level="1"><span>The price of Bitcoin fell to a new two-month low at the $25350 level last night.</span></li>
<li aria-level="1"><span>Ethereum slipped below the $1600 level again yesterday.</span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>The price of Bitcoin fell to a new two-month low at the $25350 level last night. After that, a <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-bullish-above-80-00/">bullish</a> consolidation followed, and we returned again to the zone around the $26,000 level. We currently see that this consolidation could push the price of Bitcoin upwards to the $26200 level. Thus, we would form today’s high and confirm the potential continuation of the recovery. The next higher targets are $26400 and $26600 levels.</span></p>
<p><span>We need a negative consolidation and a drop below the $25800 level for a bearish option. We would approach the previous support zone again. This could negatively impact Bitcoin’s further movement and send it even lower. Potential lower targets are $25200 and $25000 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220444" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Bitcoin-chart-analysis-4-1024×619.jpg" alt="Bitcoin chart analysis" width="1024" height="619" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>Ethereum slipped below the $1600 level again yesterday. The price decline was stopped at the $1581 level. From there, we started a new recovery and jumped to the $1655 level. The price stops at that level and pulls back to support at the $1640 level. We now expect to find new support here and initiate a positive consolidation and further recovery in the price of Ethereum. Potential higher targets are $1680 and $1700 levels.</span></p>
<p><span>We need a negative consolidation and pullback below the support at the $1620 level for a bearish option. We would again have the opportunity to test the $1600 psychological level. A break below would likely form a new lower low and thus confirm a bearish continuation. Potential lower targets are $1580 and $1560 levels.</span></p>
<p><a href="https://www.tradingview.com/x/aD9JmuoO/"><span><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220445" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Ethereum-chart-analysis-4-1024×619.jpg" alt="" width="1024" height="619" /></span></a></p>
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