Bitcoin and Ethereum: Bitcoin continues to test $25,000
- The price of Bitcoin found itself above the $25000 level again yesterday.
- The price of Ethereum manages to hold above the $1700 level.
Bitcoin chart analysis
The price of Bitcoin found itself above the $25000 level again yesterday. Yesterday’s high was at the $25195 level, after which bitcoin made a pullback and fell to the $23875 level. It very quickly returned above the $24000 level and started new growth. In the first part of the day, the price rose above $24,500, and now we are close to $24,950.
We could find ourselves at $25000 again, and we would have a new opportunity to move above and continue the further bullish trend. Potential higher targets are $25250 and $25500 levels.
Ethereum chart analysis
The price of Ethereum manages to hold above the $1700 level. We could soon test the previous high at the $1740 level. If the current consolidation continues, the price could break above to form a new higher high. Potential higher targets are the $1750, $1775, and $1800 levels.
We need negative consolidation and drop to support the bearish option at $1660. a break below would mean further price weakness and continued pullback. Potential lower targets are $1650 and $1625 levels.
