Bitcoin and Ethereum: Bitcoin is holding below $29200

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Le-Bitcoin-explose-les-compteurs-et-prend-plus-de-7-mercredi-26-octobre-2022.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin explose les compteurs et prend plus de 7% mercredi 26 octobre 2022" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is holding below $29200</b></h1>
<ul>
<li aria-level="1">Today’s Bitcoin price movement is in the $29100-$29200 range.</li>
<li aria-level="1">Today’s low price of Ethereum is 1830$ level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Today’s Bitcoin price movement is in the $29100-$29200 range. Yesterday, we had one jump to $29400, but we quickly returned to the previous movement zone. The price is still attracted by the $29,000 level, which does not allow it to start a recovery.</p>
<p>We need a positive consolidation and a new jump to $29400 to start a new bullish option. Then, we need a <a href="https://www.financebrokerage.com/opening-range-breakout/">breakout</a> above, and we would jump above the EMA50 moving average. Potential higher targets are $29500 and $29600 levels.</p>
<p>We need a negative consolidation and pullback to the support at $29,000 for a bearish option. We need a break below to continue to the bearish side. Potential lower targets are $28900 and $28800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-217079 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/5BJ8rcTq-1024×639.jpg" alt="Bitcoin chart analysis" width="1024" height="639" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Today’s low price of Ethereum is 1830$ level. We managed to hold above it and now expect to see a continuation to the bullish side. We need to break above the $1840 level and hold above it. This would lead to consolidation at that level, and the price of Ethereum would have a better position from which it could proceed to the bullish side. Potential higher targets are $1850 and $1860 levels.</p>
<p>We need a negative consolidation and a price pullback below the $1830 level for a bearish option. After that, I’m looking at the $1820 support level. Failure to hold above it would make prices break below and form a new lower low. Potential lower targets are $1810 and $1800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-217080 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/GMve70fJ-1024×639.jpg" alt="Ethereum chart analysis" width="1024" height="639" /></p>
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