Bitcoin and Ethereum: Bitcoin jumps to $27000
- The price of Bitcoin continues its recovery, climbing to the $27084 level.
- At the beginning of the day, Ethereum again crossed above $1700 and continued the bullish trend.
Bitcoin chart analysis
The price of Bitcoin continues its recovery, climbing to the $27084 level. This morning, Bitcoin found support at the $25,000 level, and the weak dollar helped Bitcoin by pushing it to a new nine-month high. Based on previous jumps, resistance, and support levels, bitcoin could climb up to $28000 and find the next resistance there.
We need a negative consolidation and a pullback to the $26,000 level for a bearish option. A break below would be a sign for us that the price should continue to fall. Potential lower targets are the $25,000 and $24,000 levels.
Ethereum chart analysis
At the beginning of the day, Ethereum again crossed above $1700 and continued the bullish trend. We are now at $1760 and on our way to reaching the $1800 level. If that doesn’t happen today, the jump to $1800 could be over the weekend. We need a negative consolidation and price pullback to the $1700 level for a bearish option.
A drop below that level could drag the price of Ethereum to lower support levels. Potential lower targets are $1650 and $1600 levels. There is no indication of a bearish scenario for now.
