- Bitcoin price continues its recovery, rallying to the $27084 level.
- At the start of the day, Ethereum crossed back above $1700 and continued the uptrend.
Bitcoin chart analysis
Bitcoin price continues its recovery, rallying to the $27084 level. This morning, Bitcoin found support at the $25,000 level, and dollar weakness helped Bitcoin push it to a new 9-month high. Based on previous jumps, resistance and support levels, Bitcoin could go as high as $28000 and find the next resistance there.
We need negative consolidation and a pullback to the $26,000 level for a bearish option. A break below would be a signal to us that the price should continue to fall. The lower potential targets are the $25,000 and $24,000 levels.
Ethereum Chart Analysis
At the start of the day, Ethereum crossed back above $1700 and continued the uptrend. We are now at $1760 and on our way to reaching towards the $1800 level. If that doesn’t happen today, the jump to $1800 could happen over the weekend. We need negative consolidation and a price pullback to the $1700 level for a bearish option.
A drop below that level could drag the Ethereum price down to lower support levels. The lower potential targets are the $1,650 and $1,600 levels. There are no indications of a bearish scenario for now.
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