<source type="image/webp" srcset="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/04/Le-bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg.webp”/>
<img src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/04/Le-bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg” alt=”bitcoin exceeds $30,000 again on Tuesday, April 18, 2023″/>
- bitcoin price manages to stay above the $35000 level.
- Over the weekend, ethereum price rose to the $1,913 level, forming a new three-month price high there.
bitcoin Chart Analysis
bitcoin price manages to stay above the $35000 level. Over the weekend, we gained support at the $34600 level, which resulted in a jump to $35400 earlier this week. We need a continuation of positive consolidation to retest that level and surpass it. The highest potential targets are the $35600 and $35800 levels.
For a bearish option, we need a negative consolidation and a drop in bitcoin price below the EMA50 level and $34600. This would have the effect of increasing pressure on bitcoin, leading to the formation of a new low below the EMA50. The possible lower targets are the $34400 and $34200 levels. We could even test the $34,000 level.
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2023/11/Ethereum-surpasses-the-1900-level.jpg" alt="bitcoin Chart Analysis” width=”1024″ height=”620″/>
ethereum Chart Analysis
Over the weekend, ethereum price rose to the $1,913 level, forming a new three-month price high there. After that, we see a stop at that level and a slight pullback to the $1870 level. We are currently holding at $1,895 and expect the price to return above the $1,900 level. We would then have to keep it up there to form a new bottom from which we would begin further growth to higher levels on the chart.
The highest potential targets are the $1920 and $1930 levels. For a bearish option, we need a negative consolidation and a price retracement below the $1880 level. After that, we would again have the opportunity to test the support at the $1,870 level.
A break below would increase pressure on the price to continue its pullback to lower levels. The possible lower targets are the $1860 and $1850 levels. Additional support for ethereum price could be found at the EMA50 moving average in the area around the $1,840 level.
<img decoding="async" loading="lazy" src="https://technicalterrence.com/wp-content/uploads/2023/11/1699272151_283_Ethereum-surpasses-the-1900-level.jpg" alt="ethereum Chart Analysis” width=”1024″ height=”620″/>
ADDITIONAL VIDEO: Weekly summary of market news
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’504526293689977′);fbq(‘track’,’PageView’)
