Bitcoin and Ethereum: Bitcoin made a jump above $27000

<div><img width="1200" height="800" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/04/shutterstock_1190133877-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="chart overview for Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin made a jump above $27000</b></h1>
<ul>
<li aria-level="1">The bitcoin price took advantage of yesterday’s drop in the dollar, climbing to the $27297 level.</li>
<li aria-level="1">The price of Ethereum formed its weekly high at the $1988 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The bitcoin price took advantage of yesterday’s drop in the dollar, climbing to the $27297 level. We have now moved into the zone around the $27000 level and are trying to consolidate at that level. If we manage to withstand the pressure and stay here, we will be in a good position to continue our recovery. Potential higher targets are $27250 and $27500 levels.</p>
<p>We need a negative consolidation and a drop below the $27000 <a href="https://www.financebrokerage.com/bitcoin-declined-to-the-key-support-level/">support level</a> for a bearish option. After that, we could expect Bitcoin to continue its pullback to the next lower support. Potential lower targets are $26750 and $26500 levels. Additional support in the zone around $26,500 is in the EMA50 moving average, and this is where the potential price decline could be stopped.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230034 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/0BPCsvIf-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum formed its weekly high at the $1988 level. In the past few days, we have seen a stable bullish consolidation from the $1580 level to the formation of today’s high. We are currently seeing a slight pullback to the $1675 level. We managed to hold on there, and now we are waiting for a bullish consolidation to continue on the bullish side. Potential higher targets are $1690 and $1700 levels.</p>
<p>We need a negative consolidation and pullback to the $1650 support level for a bearish option. A break below would confirm a bearish option and a continuation of the Ethereum price decline. Potential lower targets are $1625 and $1600 levels. We could get additional support in the EMA50 moving average in the zone around the $1610 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230035 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/VfGEiRuz-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-made-a-jump-above-27000/">Bitcoin and Ethereum: Bitcoin made a jump above $27000</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>