Bitcoin and Ethereum: New high for Bitcoin price at $26800

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/06/shutterstock_671976487-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Unbelievable Bitcoin Downtrend, Risk of Sink Below $20K" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: New high for Bitcoin price at $26800</b></h1>
<ul>
<li aria-level="1">Bitcoin price remains in bullish consolidation today.</li>
<li aria-level="1">The price of Ethereum rose to the $1640 level yesterday.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price remains in bullish consolidation today. Yesterday, we saw the formation of a new September high at the $26850 level. From that level, we see a pullback to the $26,500 support level and manage to return to the previous bullish trend from there. Based on that, we could expect to climb up to the $27,000 level. Potential higher targets are $27200 and $27400 levels.</p>
<p>We need a negative consolidation and drop the Bitcoin price below the $26400 level for a bearish option. After that, we could expect to see a continued <a href="https://www.financebrokerage.com/apecoin-and-akita-inu-apecoin-continues-to-pullback/">pullback</a> to lower levels. Potential lower targets are the $26,200 and $26,000 levels. Additional support for the Bitcoin price could be found in the EMA50 moving average around the $26200 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226981 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/6lsKk8v1-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum rose to the $1640 level yesterday. We are in that zone for the third day, and we could expect to see a break above and move to the $1650 level. Additional support for this consolidation is in the EMA50 moving average in the zone around the $1620 level. With a break above $1650, we would take the first step towards further recovery. Potential higher targets are $1660 and $1670 levels.</p>
<p>We need a negative consolidation and pullback to the $1600 support level for a bearish option. A break below would again put us under greater bearish pressure to continue on the bearish side. Potential lower targets are $1580 and $1560 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-226982 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/KbvnUdF3-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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