Connect with us

Hi, what are you looking for?

Earnings PolicyEarnings Policy

Economy

Bitcoin and Ethereum: Bitcoin fell to $36200 this morning

Bitcoin and Ethereum: Bitcoin fell to $36200 this morning

The price of Bitcoin was in retreat to the $36,200 level this morning.
Yesterday, we saw a bullish attempt by the price of Ethereum to the $2120 level.

Bitcoin chart analysis

The price of Bitcoin was in retreat to the $36,200 level this morning. In this zone, we encounter the EMA50 moving average and manage to get its support. After that, we started a new positive consolidation and grew to $36,700. Today’s consolidation tells us that we could expect to see a continuation to the bullish side and see Bitcoin again at the $37000 level. Potential higher targets are $37200 and $37400 levels.

We need a negative consolidation and a retracement to the previous low at the $36200 level for a bearish option. In that zone, we would again test the EMA50 moving average. A break below would lead to the formation of this week’s new low and confirm the chart’s bearish momentum. Potential lower targets are the $36,000 and $35,800 levels.

Ethereum chart analysis

Yesterday, we saw a bullish attempt by the price of Ethereum to the $2120 level. There, we encounter resistance and start a pullback to the $2030 level. We are getting new support in that zone and starting with a positive consolidation in the recovery to the $2060 level. Now, we hope to see a continuation of this consolidation and the price of Ethereum to higher levels. Potential higher targets are $2080 and $2100 levels.

We need a negative consolidation and a new price decline to the $2030 support level for a bearish option. A break below leads to the formation of a new low and thus confirms the bearish presence on the chart. Potential lower targets are $2020 and $2000 levels. In the zone around the $2000 level, we could get support in the EMA50 moving average.

The post Bitcoin and Ethereum: Bitcoin fell to $36200 this morning appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    Everything You Need to Know about Tax Saving Deposit Navigating the world of investments can be daunting, especially when looking for options that offer...

    Latest News

    FBI Director Christopher A. Wray, who has been increasingly under attack from congressional Republicans, pushed back against his critics in a new interview, saying...

    Economy

    USDCHF and USDJPY: USDJPY is testing support at 150.00 The USDCHF pair jumped to 0.91126 levels on Wednesday, forming a new three-week high. The...

    Latest News

    One ripple effect of the Israel-Gaza war is the warp-speed unraveling of relations between President Biden and some of his most loyal voters: Muslims...

    Disclaimer: earningspolicy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 earningspolicy.com