Bitcoin and Ethereum: Bitcoin is holding above $34000

<div><img width="1200" height="675" src="https://6ztkp25f.tinifycdn.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 holding above $34000</b></h1>
<ul>
<li aria-level="1">Over the weekend, the price of Bitcoin remained well above the $34,000 level.</li>
<li aria-level="1">The weekend for Ethereum was in a mild bullish consolidation.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Over the weekend, the price of Bitcoin remained well above the $34,000 level. At the beginning of this week, the price begins to pull back from the $34,750 level to support at the $34,150 level. We are getting new support in that zone, and with a bullish impulse, we are starting to jump above the $34500 level.</p>
<p>We need a continuation and a break above the $34750 level. Then, we would have to hold on above and form the bottom from which we would start the continuation of positive consolidation.</p>
<p>Potential higher targets are $35000 and $35250 levels. For a <a href="https://www.financebrokerage.com/what-is-a-bearish-engulfing-candle/">bearish</a> option, we need a negative consolidation and a drop below the $34000 level. This would affect the price to be under more pressure to start a bigger pullback. Potential lower targets are $33800 and $33600 level</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-236551 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/qgSpi39c-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The weekend for Ethereum was in a mild bullish consolidation. At the beginning of this week, we saw the Ethereum price drop to the $1780 support level. After that, a bullish impulse and a jump to the $1820 level would occur.</p>
<p>At that level, we form this week’s high for now, and we expect to see a continuation to the bullish side. The price is currently stuck at that level, which could produce a certain consolidation and slowing down of the bullish trend.</p>
<p>Potential higher targets are the $1830 and $1840 levels. For a bearish option, we need a negative consolidation and a new pullback to support at the $1780 level. A drop below would mean that bearish pressure has increased, and we will see a possible bigger pullback looking for support at lower levels.</p>
<p>Potential lower targets are $1760 and $1740 levels. Additional support is the EMA50 moving average in the zone around the $1760 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-236552 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/rK0pBpwm1-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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