Bitcoin and Ethereum: Bitcoin remains low below $27000

<div><img width="1200" height="755" src="https://6ztkp25f.tinifycdn.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 remains low below $27000</b></h1>
<ul>
<li aria-level="1">Yesterday’s attempt by the price of Bitcoin to start a recovery was stopped at the $27330 level.</li>
<li aria-level="1">The price of Ethereum remains today in the support zone with resistance at the $1570 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday’s attempt by the price of Bitcoin to start a recovery was stopped at the $27330 level. There, we encounter a new resistance and start with a bearish consolidation that lowers the price all the way to the $26533 support level. After that, bitcoin managed to consolidate at that level and start a recovery, but now only up to the $27,000 level. Today, we have <a href="https://www.financebrokerage.com/gold-and-silver-gold-is-testing-the-1980-resistance-level/">resistance</a> at that level and need a break above to continue to the bullish side. Potential higher targets are $27100 and $27200 levels.</p>
<p>For a bearish option, we need a negative consolidation and price pullback down to test the $26600 support level. A drop below this support could lead to the formation of a new low below the $26500 level. Potential lower targets are $26400 and $26300 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-232972 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/zBmUaxyz-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum remains today in the support zone with resistance at the $1570 level. Yesterday, the price fell to the $1545 level, and there we see the formation of a new low. After that, we start with a bullish consolidation and move towards the $1580 level. That’s where we encounter resistance and start a retreat that continues today. If we don’t see some bullish impulse soon, the price could slip below the $1550 level and form a new lower low. Potential lower targets are $1540 and $1530 levels.</p>
<p>We need a break above $1570 for a bullish option and hold up there. After that, we would form the bottom from which we would start to continue the recovery. Potential higher targets are $1580 and $1590 levels. We will have an additional break in the EMA50 moving average in the zone around the $1600 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-232974 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/90TRnukO-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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