Bitcoin and Ethereum: Bitcoin makes an impulse to $26800

<div><img width="2048" height="1366" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/11/bitcoin-5-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin makes an impulse to $26800</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin made a bullish jump to the $26823 level yesterday.</li>
<li aria-level="1">Ethereum’s price reached the $1,632 level yesterday, forming a new high for the week.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin made a bullish jump to the $26823 level yesterday. At that level, we encountered resistance, and bitcoin, with a bearish impulse, went down to the $26100 level. After that, we got support and managed to initiate a positive consolidation and move up to the $26460 level. Here, we are now testing the EMA50 <a href="https://www.financebrokerage.com/trading-strategy-guides-moving-average-indicator/">moving average</a>, and we need a break above to continue on the bullish side. Potential higher targets are $26600 and $26800 levels.</p>
<p>We need a negative consolidation and a new pullback to support a bearish option at the $26100 level. A price breakout below would see us retest the $26,000 level. The increased pressure in that zone could influence the price to continue sliding, and the potential lower targets are the $25,900 and $25,800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-229640 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/XxxjJznw-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Ethereum’s price reached the $1,632 level yesterday, forming a new high for the week. There, we encountered resistance, and the price started a pullback all the way to the $1585 level. We quickly consolidated there and moved above the $1590 level. After that, the price makes a positive consolidation that climbs Ethereum to the $1620 level. For now, we stop at that level and pull back slightly to the $1615 level.</p>
<p>We need a continuation of the positive consolidation in order to move further to the bullish side. Potential higher targets are the $1630 and $1640 levels. We need a negative consolidation and pullback to the $1600 level for a bearish option. A breakout below could signal a continuation of Ethereum’s price decline. Potential lower targets are $1590 and $1580 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-229641 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/ONt1WpOn-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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