- Last night, bitcoin price rose to a new weekly high at the $65851 level
- ethereum Price Increasingly Stable Above $2,650 Level
bitcoin Chart Analysis
Last night, bitcoin price rose to a new weekly high at the $65851 level. Shortly after, we saw a pullback to the support at the $64800 level. The price formed a new bottom and started a bullish consolidation, returning back above the $65000 level. We are now at $65450 and everything indicates that we will continue on the bullish side. The highest potential targets are the $65750 and $66000 levels.
For a bearish option, we need a negative consolidation and a pullback below the daily opening level of $65175. Below that, bitcoin is moving into negative territory and there is increasing pressure on the price to seek a new low. We need a break below $65000 to strengthen the bearish momentum and continue towards the bearish side. The possible lower targets are the $64750 and $64500 levels. Additional price support in the $64500 zone is the 50 EMA moving average.
<img decoding="async" class="alignnone size-large wp-image-328181" style="aspect-ratio:1024/566" data-class="LazyLoad" src="https://6ztkp25f.tinifycdn.com/wp-content/w3-webp/uploads/2024/09/bitcoin-chart-analysis-7-1024×566.jpgw3.webp” alt=”bitcoin Chart Analysis” width=”1024″ height=”566″/>
ethereum Chart Analysis
ethereum price is becoming more stable above the $2,650 level. The 50 EMA supports us and we hope that it will help us continue to grow towards new niche levels. With a jump above $2680, we would have good momentum to attack the weekly high of $2700. This time we are looking for a breakout and the formation of a new weekly high.
The highest potential targets are the $2720 and $2740 levels. For a bearish option, we need ethereum to retrace below the $2620 level. With that step, we move below the daily opening level and the 50 EMA moving average. We will also see the formation of a new daily low, confirming the growth of the bearish momentum. Possible lower targets are the $2600 and $2580 levels.
<img decoding="async" class="alignnone size-large wp-image-328182" style="aspect-ratio:1024/566" data-class="LazyLoad" src="https://6ztkp25f.tinifycdn.com/wp-content/w3-webp/uploads/2024/09/ethereum-chart-analysis-7-1024×566.jpgw3.webp” alt=”ethereum Chart Analysis” width=”1024″ height=”566″/>
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