Bitcoin and Ethereum: Bitcoin is still below $29400 levels

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/bitcoin-3.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 still below $29400 levels</b></h1>
<ul>
<li aria-level="1">Bitcoin price continues to consolidate sideways in the $29200-$29500 range.</li>
<li aria-level="1">Yesterday, we saw a bullish attempt by the Ethereum price to break above the $1850 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price continues to consolidate sideways in the $29200-$29500 range. Yesterday, we had one bounce to $29660 but quickly returned to the previous movement zone. The current price is $29340, and we have no hasty jumps today. We remain above the $29200 support and hope to see a break above $29500 and further bitcoin recovery. Potential higher targets are $29600 and $29700 levels.</p>
<p>&nbsp;</p>
<p>We need a break below the $29200 support level for a bearish option. After that, the price would be under <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-under-pressure-at-1-10000-level/">pressure</a> to continue the pullback and search for new support. Potential lower targets are $29100 and $29000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-219002 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/XevlWGi3-1024×641.jpg" alt="Bitcoin chat analysis" width="1024" height="641" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday, we saw a bullish attempt by the Ethereum price to break above the $1850 level. A high was formed at the $1854 level, but a pullback and a drop to the $1840 level soon followed. We are now seeing bearish pressure on the price, making a negative consolidation and pushing the price to slip below the $1840 support level. Potential lower targets are $1830 and $1820 levels.</p>
<p>For a bullish option, we need a new positive consolidation and a return of the price above the $1850 level. Then, we would have to hold up there and start with a new bullish impulse to continue the growth of Ethereum. Potential higher targets are $1860 and $1870 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-219003 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/XQCDt9Re-1024×641.jpg" alt="Ethereum chart analysis" width="1024" height="641" /></p>
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