Bitcoin and Ethereum: Bitcoin Price Under Pressure at $19000

• Bitcoin price is still under pressure at the $19000 level.
• The two-day drop in the price of Ethereum was stopped at the $1270 level.
  

Bitcoin chart analysis

Bitcoin price is still under pressure at the $19000 level. This morning’s low is at the $18900 level. After that, the price started a small bullish impulse, and now we are at the $19200 level. To continue the bullish option, we need a positive consolidation and a move above the $19500 level. 

Then, with a new bullish impulse, the price could increase to the $20,000 resistance level. Last week we had the opportunity to climb above the $20,000 level, but without success, because a new pullback occurred. 

We need a continuation of the negative consolidation and a drop below the $19000 level for a bearish option. Then we would again find ourselves in a critical price zone as a further decline in the price of Bitcoin could occur. Potential lower targets are $18800 and $18500 levels.

Ethereum chart analysis

The two-day drop in the price of Ethereum was stopped at the $1270 level. Since then, we have seen a bullish recovery to the $1300 level. We need a continuation of positive consolidation and price growth to the $1340 resistance level. In the previous two attempts, we failed to climb above. If we manage to climb above in this attempt, we need to stay there in order to continue the bullish recovery. 

Potential higher targets are $1360, $1380 and $1400 levels. We need a negative consolidation and a return to the $1270-$1280 support zone for a bearish option. Then we need a break below that would continue the further decline in the price of ETH. Potential lower targets are $1260 and $1240 support levels.