Bitcoin and Ethereum: Bitcoin is holding above $43500
<div><img width="1200" height="755" src="https://www.financebrokerage.com/wp-content/uploads/2022/09/Bitcoin-2.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 $43500</b></h1>
<ul>
<li aria-level="1">Yesterday, Bitcoin’s attempt to reach the $45,000 price was stopped at the $44,800 level.</li>
<li aria-level="1">The price of Ethereum is in a slight retreat after failing to reach the $2300 level yesterday</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday, Bitcoin’s attempt to reach the $45,000 price was stopped at the $44,800 level. We stop there and make a <a href="https://www.financebrokerage.com/oil-and-natural-gas-bearish-impulse-is-in-a-trend/">bearish impulse</a> to the $42630 level, where we get new support and initiate a bullish consolidation that is still on the chart. This moves us to the $44400 level, and we still have room to try to hold above the $44000 level. If we succeed in this, the price would have a good initial position to attack the transient high at the $44800 level again.</p>
<p>Potential higher targets are $45000 and $45200 levels. We need a negative consolidation and price pullback below the $43500 level for a bearish option. This is where the EMA50 moving average awaits us, and a break below it would further increase the pressure on the bitcoin price. After that, we would look at the $43,000 level as the next support point. Potential lower targets are $42750 and $42500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-251273 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/unaNUdMj-1024×598.jpg" alt="Bitcoin chart analysis" width="1024" height="598" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum is in a slight retreat after failing to reach the $2300 level yesterday. After that, we watched a pullback by forming a low at the $2220 level. Since then, the movement has been in the $2220-$2270 range. We need a stronger bullish impulse to break through this consolidation and threaten the $2300 level again.</p>
<p>Additional pressure in that zone also creates the EMA50 moving average and we would have to skip it to continue to the bullish side. We need a negative consolidation and a price drop to the $2200 support level for a bearish option. This is where we would test yesterday’s support zone. Potential lower targets are the $2180 and $2160 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-251274 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/RAtvpv0M-1024×598.jpg" alt="Ethereum chart analysis" width="1024" height="598" /></p>
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