Bitcoin and Ethereum: New support for Bitcoin at 26250 level

<div><img width="1200" height="675" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/11/Bitcoin-6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: New support for Bitcoin at 26250 level</b></h1>
<ul>
<li aria-level="1">For a good part of yesterday, the price of Bitcoin struggled to stay above the $26,000 level.</li>
<li aria-level="1">Yesterday’s low price of Ethereum was at the $1563 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>For a good part of yesterday, the price of Bitcoin struggled to stay above the $26,000 level. In the afternoon, we saw a bullish consolidation and a move up to the $26435 level. There, we encounter resistance and make a pullback to the $26250 support level. For now, we manage to stay above that level, but we remain under <a href="https://www.financebrokerage.com/unpacking-apollox-apx-volatility-meets-bearish-sentiment/">bearish</a> pressure. This could lead to another breakout below and a drop to another test of the $26,000 support zone.</p>
<p>We need a positive consolidation and a move above the $26400 level for a bullish option. After that, we would return to the resistance zone around the $26450 level. A breakout above could positively impact further Bitcoin price recovery. Potential higher targets are $26500 and $26550 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-228995 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/WRGijDX4-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<p>&nbsp;</p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday’s low price of Ethereum was at the $1563 level. After that, we see a bullish consolidation and the beginning of a price recovery. This led to a jump to $1597, where we formed a new high price for the week. There, we encounter resistance and see a pullback to support at the $1585 level. From that level, we again make a new positive consolidation and return above the $1590 level.</p>
<p>We need a new break above $1595 to continue further growth to the bullish side. Potential higher targets are the $1600 and $1610 levels. An additional average price could be in the EMA50 moving average around the $1600 level.</p>
<p>We need a negative consolidation and a drop to the $1580 support level for a bearish option. After that, the price enters the red zone again with a high probability of a further decline to lower levels. Potential lower targets are $1570 and $1560 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-228996 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/09/AJycQkLR-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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