Bitcoin and Ethereum: Bitcoin rose to $30200 yesterday

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Le-Bitcoin-repasse-les-19-000-dollars-du-coin-vendredi-14-octobre-2022.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin rose to $30200 yesterday</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin was in a bullish trend yesterday, and the result was a jump to the $30210 level.</li>
<li aria-level="1">Yesterday’s bullish consolidation pushed the Ethereum price to $1878.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin was in a bullish trend yesterday, and the result was a jump to the $30210 level. A new August high was formed at that level, and the price made a new pullback and retreated to the $29,700 level. We managed to hold above that level and climb up to $29800. Then, we need a break above and try to stay up there. With the new impulse, we could see a further <a href="https://www.financebrokerage.com/teslas-stock-shows-signs-of-recovery-amid-volatility/">recovery</a> and a return above the $30,000 level.</p>
<p>Potential higher targets are $30200 and $30400 levels. We need a negative consolidation and price pullback below the $29700 level for a bearish option. After that, we can wait for further withdrawal. Potential lower targets are $29600 and $29500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-217875 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/OB9Kiha9-1024×641.jpg" alt="Bitcoin chart analysis" width="1024" height="641" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday’s bullish consolidation pushed the Ethereum price to $1878. This is where we encounter resistance and see a pullback to the $1850 support level. Today, we have support at that level, and the price is climbing up to the $1860 level. We need further positive consolidation to continue to the bullish side. Potential higher targets are the $1870 and $1880 levels.</p>
<p>We need a negative consolidation and a new pullback below the $1850 level for a bearish option. After that, we came across the $1845 support level and the EMA50 moving average. A break below them would mean further bearish pullback. Potential lower targets are the $1840 and $1830 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-217876 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/x9dAk62Q-1024×641.jpg" alt="Ethereum chart analysis" width="1024" height="641" /></p>
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