- Bitcoin price rallied back above the $28500 level yesterday.
- Yesterday, Ethereum made a new higher high at the $1859 level, after which the price started to pull back.
Bitcoin chart analysis
Bitcoin price rallied back above the $28500 level yesterday. The high price yesterday was at the $28800 level. Since then, bitcoin has retreated to the $28,000 level. for a bullish option; we need positive consolidation and a move to the $28400 level. This would bring us closer to the $28,500 level again.
A price break above would add to optimism for continued Bitcoin price growth. The higher potential targets are the $29,000 and $29,250 levels. We need negative consolidation and a drop to the $27800 level for a bearish option. With such a move, we would break the support at the $28,000 level. This could mean a slowdown in growth and a price pullback to $27,000, where the EMA 50 moving average awaits us.
Ethereum Chart Analysis
Yesterday, Ethereum made a new higher high at the $1859 level, after which the price started to pull back. The low price today was at the $1729 level, and there is a high probability that we could break down below. The price support yesterday was the $1715 level, and it is possible that we will visit it again. for a bullish option, we need further positive consolidation and yield above the $1775 level.
That would take us back above the moving average of the EMA, and we would get its support. A break above the $1830 level and hold above would be desirable if we are to see a continued recovery and the formation of a new higher high.
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