Bitcoin and Ethereum: Bitcoin is holding above $30200
- Bitcoin hesitated in its bullish trend yesterday, as we saw a pullback together with the dollar falling.
- Ethereum is on the threshold of $2000; today’s high is the $1997 level.
Bitcoin chart analysis
Yesterday, bitcoin hesitated in its bullish trend, as we saw a pullback together with the dollar falling. Today is positive for Bitcoin as we are back above the $30000 level again. Today’s high price is the $30,400 level, and there are high chances that we could see a continuation of the growth above the $30,500 level. Potential higher targets for continuing the bullish trend are $30800 and $31000. We need a negative consolidation and pullback below the $30,000 level for a bearish option. After that, we should pay attention to the $29800 level. A break below this support would potentially continue the bearish trend. Potential lower targets are $29750 and $29500 levels.
Ethereum chart analysis
Ethereum is on the threshold of $2000; today’s high is the $1997 level. During the first part of the day, the price moved in the $1900-$1920 level zone. After that, we see a strong bullish impulse that takes us to today’s high. After the previous impulse, we see a slight pullback to the $1988 level. Potential lower support targets could be $1970 and $1950 levels. We need to try to hold above the $1980 level for a bullish option. With a new impulse, we could make a breakthrough above the $2,000 level, signifying continued price growth. Potential higher targets are $2020 and $2050 levels.
