Bitcoin and Ethereum: Bitcoin is back above $30200

<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 is back above $30200</b></h1>
<ul>
<li aria-level="1">This morning, bitcoin’s price managed to jump to the $30,200 level with a bullish impulse.</li>
<li aria-level="1">This morning, the price of Ethereum managed to consolidate at the $1880 level and initiate an impulse above the $1900 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>This morning, bitcoin’s price managed to jump to the $30,200 level with a bullish impulse. Before that, we consolidated around the $30,000 level, which was followed by the mentioned impulse. We have additional pressure on the price in the zone around the $30200 level in the EMA50 moving average, and we need a break above it if we want to see the <a href="https://www.financebrokerage.com/diamond-continuation-pattern/">continuation</a> of bitcoin’s recovery. Potential higher targets are $30400 and $30600 levels.</p>
<p>For a bearish option, we need a negative consolidation and a retracement of the price below the $30,000 level. Bearish pressure would increase below, negatively affecting the price of Bitcoin. Potential lower targets are $29800 and $29600 levels. On Tuesday, we were below $29600, and since then, we have been in a bullish consolidation.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-212927 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/tAZbcp5S-1024×621.jpg" alt="Bitcoin chart analysis" width="1024" height="621" /></p>
<h2><b>Ethereum chart analysis<br />
</b></h2>
<p>This morning, the price of Ethereum managed to consolidate at the $1880 level and initiate an impulse above the $1900 level. The current high is the $1913 level, and the price is breaking above the EMA50 moving average. Continuing this momentum, we could soon test $1920 and try to hold there. Then, we need to start a new positive consolidation in order to see the continuation of the Ethereum price growth. Potential higher targets are $1930 and $1940 levels.</p>
<p>We need a negative consolidation and a pullback to support a bearish option at the $1880 level. The picture would change significantly as the pressure would move lower, causing the price to continue to slide. Potential lower targets are $1870 and $1860 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-212928 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/hZbhJ8kQ-1024×621.jpg" alt="Ethereum chart analysis" width="1024" height="621" /></p>
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