Bitcoin and Ethereum: Bitcoin is back above $37000

<div><img width="1200" height="675" src="https://www.financebrokerage.com/wp-content/uploads/2022/11/Bitcoin-6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is back above $37000</b></h1>
<ul>
<li aria-level="1">Over the weekend, Bitcoin price was in a bullish consolidation from $36,300 to the $37,000 level.</li>
<li aria-level="1">The price of Ethereum has been in a bullish consolidation since</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Over the weekend, Bitcoin price was in a bullish consolidation from $36,300 to the $37,000 level. All the time, we had support in the EMA50 moving average, which had a positive effect on the price movement. There is a strong <a href="https://www.financebrokerage.com/karat-kat-overview-token-with-bullish-sentiment/">bullish</a> impulse at $37,500 in the form of a high. The price of Bitcoin comes to have a value of 37100$.</p>
<p>For now, we are holding above that level and expect prices to find strength and initiate another bullish consolidation. Potential has a target of $37,400 and $37,600. We need a negative consolidation and a drop below the $37000 level for a bearish option. So you can lower your prices and get a new low price. The potential is between $36,800 and $36,600. We have additional support and the EMA50 moving average in the zone around the $36600 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-241447 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/us7WOlly-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum has been in a bullish consolidation since Friday after falling to the $1906 level. At that level, the fall stopped, and the recovery started. Now, we are again above the $2000 level and forming a four-day high at the $2025 level. Additional support was found in the EMA50 moving average after the jump above the $1980 level. Potential higher targets are the $2040 and $2060 levels.</p>
<p>We need a negative consolidation and pullback below the $2000 level for a bearish option. After that, we would again be in a situation to test $1980 and the EMA50 moving average support. A break below this support would increase pressure on the price, and we would see a pullback to lower levels. Potential lower targets are $1960 and $1940 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-241448 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/8ROZrL0h-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/bitcoin-and-ethereum-bitcoin-is-back-above-37000/">Bitcoin and Ethereum: Bitcoin is back above $37000</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>