Bitcoin and Ethereum: Bitcoin slipped below $30,000

<div><img width="1200" height="801" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1101060608.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin slipped below $30,000</b></h1>
<ul>
<li aria-level="1">Yesterday&#8217;s bullish momentum of the Bitcoin price was stopped at the $31500 level.</li>
<li aria-level="1">The price of Ethereum fell this morning to a new low for the week at the $1827 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday&#8217;s bullish momentum of the Bitcoin price was stopped at the $31500 level. After that, the price retreated to the $29,722 level. This decline was certainly unexpected, and the price retreated below the $30,000 level.</p>
<p>This morning we see a consolidation in the support zone and a return of the price to the $30150 level. We now expect to see continued recovery and growth to the $30,500 level. Additional <a href="https://www.financebrokerage.com/gold-and-silver-gold-is-testing-the-1980-resistance-level/">resistance</a> in that zone is in the EMA50 moving average. This is where we could hit an obstacle and need a breakout above to continue the recovery. Potential higher targets are $30750 and $31000 levels.</p>
<p>We need a negative consolidation and a price pullback below the $30,000 level for a bearish option. After that, we would be able to test yesterday&#8217;s low. Potential lower targets are $29600 and $29500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-210443 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/LAZ7fA2d-1024×634.jpg" alt="Bitcoin chart analysis" width="1024" height="634" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum fell this morning to a new low for the week at the $1827 level. Yesterday&#8217;s attempt to station above the $1950 level was unsuccessful. The price started to fall from that place and stopped this morning, forming a new low. After that, we see a consolidation slowly bringing the price back to the $1860 level.</p>
<p>For a bullish option, we need a continuation of positive consolidation. After that, we could expect the Ethereum price to rise and erase yesterday&#8217;s losses. Potential higher targets are the $1880 and $1900 levels.</p>
<p>We need a negative consolidation and a price drop below the $1840 level for a bearish option. That way, we would find ourselves testing the previous support level again. A break below would form a new low and confirm further decline. Potential lower targets are $1820 and $1800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-210444 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/0bb6IKiv-1024×634.jpg" alt="Ethereum chart analysis" width="1024" height="634" /></p>
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