- After the weekend, the bitcoin price went bullish yesterday to the $24000 level.
- Yesterday’s growth in the price of Ethereum stopped at the level of $1665.
Bitcoin chart analysis
After the weekend, the bitcoin price went bullish yesterday towards the $24000 level. Then, we see a quick pullback to the $23250 level. The price is consolidating again and starts a new bullish momentum up to $23640. If this trend continues, we could revisit the $24,000 resistance level.
A price break above could extend this rally to the previous high at the $24,500 level. For a bearish option, we need a negative consolidation and price pullback to provide support at the $23,000 level. support would mean a possible further pullback in the price of Bitcoin. The lower potential targets are the $22750 and $22500 levels.
Ethereum Chart Analysis
Yesterday’s growth in the price of Ethereum stopped at the level of $1665. This was followed by a pullback and a price drop to $1608. The price is consolidating again and rallying towards the $1630 level. We need positive consolidation and growth to the $1660 level for a bullish option.
So we need to break above to go to the $1680 level. If we can hold at that level, then we have another chance to find ourselves above the $1700 level again. We need negative consolidation and a price drop to the $1600 level for a bearish option. A break of the price below could send us to the next lower support at the $1550 level.
