Bitcoin and Ethereum: Bitcoin retests $30000 level

<div><img width="944" height="708" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Notes_221018_161805_90d.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin retests $30000 level</b></h1>
<ul>
<li aria-level="1">Yesterday, we saw a new drop in the price of Bitcoin to the $28574 level.</li>
<li aria-level="1">This morning, we saw the Ethereum price jump to the $1880.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday, we saw a new drop in the price of Bitcoin to the $28574 level. In the same hour, the price returned to the $28,800 level, which was followed by a bullish consolidation and impulse to the $30,000 level. A high was formed at the $30025 level, and from there, we started a pullback. We are currently looking for <a href="https://www.financebrokerage.com/rupee-finds-support-after-opening-dip/">support</a> at the $29600 level. Bitcoin is pushing that level, and a break below and continued pullback could easily happen. Potential lower targets are $29500 and $29400 levels.</p>
<p>In the zone around $29400, we encounter the EMA50 moving average, and there, we could get more concrete support. We need a positive consolidation and price movement with the $29800 level for a bullish option. Thus, we would approach the $30,000 resistance level. Potential higher targets are $30200 and $30400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216464 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/WOpJsR3I-1024×621.jpg" alt="Bitcoin chart analysis" width="1024" height="621" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>This morning, we saw the Ethereum price jump to the $1880. We quickly encountered resistance at that level, and prices immediately started to retreat. We are now on our way to the $1850 level and will try to look for support there. If we fail to hold there, a break below is a logical sequence of events. Potential lower targets are the $1840 and $1830 levels.</p>
<p>We need a positive consolidation and a move to the $1865 level for a bullish option. At that level, the price will test the EMA50 moving average, and we need a break above to continue to the bullish side. After that, we could expect to see the price start to rise again. Potential higher targets are the $1870 and $1880 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216465 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/03cpS7LL-1024×621.jpg" alt="Ethereum chart analysis" width="1024" height="621" /></p>
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