Bitcoin and Ethereum: Bitcoin falls to the $25600 level

<div><img width="1200" height="842" src="https://www.financebrokerage.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 falls to the $25600 level</b></h1>
<ul>
<li aria-level="1"><span>Bitcoin price continues to move below the $26,000 level.</span></li>
<li aria-level="1"><span>The Ethereum price tested the $1600 level yesterday, and today, we saw a breakout below and the formation of a new low at the $1575 level.</span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>Bitcoin price continues to move below the $26,000 level. This leads to increased pressure, and the price starts to slide. The previous high is at $25,800, and the price starts from there into a bearish consolidation and falls to the $25,650 level. If the negative <a href="https://www.financebrokerage.com/consolidation-in-stocks/">consolidation</a> continues, we could soon test the previous low at the $25333 level. Potential lower targets are $25200 and $25000 levels.</span></p>
<p><span>We need a negative consolidation and a price jump to the $26000 level for a bullish option. Then, it is necessary to maintain up there in order to start the continuation of the bullish recovery with a new impulse. Potential higher targets are $26200 and $26400 levels.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225544 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/XoCeJH7J-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>The Ethereum price tested the $1600 level yesterday, and today, we saw a breakout below and the formation of a new low at the $1575 level. After that, there was a slight recovery to the $1587 level, but we remain under bearish pressure. This could lead to a continuation of the decline and the formation of a new lower low. Potential lower targets are $1570 and $1560 levels.</span></p>
<p><span>We need a positive consolidation and a return above the $1600 level for a bullish option. If we succeed in that intention, we could expect to see a continuation of the recovery and visit the previous consolidation zone. Potential higher targets are the $1610 and $1620 levels. The next resistance to the bullish option will be at the $1630 level in the EMA50 moving average.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225547 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/R0Zd5jDG-1024×524.jpg" alt="Ethereum chart analysis" width="1024" height="524" /></p>
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