Bitcoin and Ethereum: Bitcoin slips to the $25550 level

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Le-Bitcoin-explose-les-compteurs-et-prend-plus-de-7-mercredi-26-octobre-2022.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin explose les compteurs et prend plus de 7% mercredi 26 octobre 2022" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin slips to the $25550 level</b></h1>
<ul>
<li aria-level="1">Bitcoin price continues to slide, forming a new low this morning at the $25550 level.</li>
<li aria-level="1">The price of Ethereum fell to the $1610 level this morning, thus forming a new weekly low.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price continues to slide, forming a new low this morning at the $25550 level. There, we get new support and recover to the $25700 level. We are still below the $26,000 level, which continues to put pressure on the price, preventing it from recovering. Now, we need to get back above the $25800 level and try to hold above there in order to start the <a href="https://www.financebrokerage.com/teslas-stock-shows-signs-of-recovery-amid-volatility/">recovery</a> to the $26000 level.</p>
<p>A price break above would be very important for a further bullish trend. Potential higher targets are $26200 and $26400 levels. Additional price resistance could be found in the EMA50 moving average in the $26000-$26200 zone. We need a negative consolidation and a drop below this morning’s support level for a bearish option. And potential lower targets are $25400 and $25200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-223716 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/3zTUEudm-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum fell to the $1610 level this morning, thus forming a new weekly low. From that level, we see a bullish consolidation and recovery to the $1625 level. The current bullish consolidation could continue to push the price to higher levels. Potential higher targets are the $1630 and $1640 levels.</p>
<p>We need a negative consolidation and a price drop to the $1600 support level for a bearish option. Thus, we would form a new September low and confirm the bearish scenario. Potential lower targets are $1590 and $1580 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-223718 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/ueCqaeDk-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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