Bitcoin and Ethereum: Bitcoin recovered to $26500
- Bitcoin price continues bullish consolidation after yesterday’s drop to the $25878 level.
- The price of Ethereum is back above the $1800 level.
Bitcoin chart analysis
Bitcoin price continues bullish consolidation after yesterday’s drop to the $25878 level. Today we have stabilized above the $26400 level, and we can expect to see continued price recovery. Potential higher targets are $26600 and $26800 levels.
In the zone around $26800, we come across the EMA50 moving average, which could strengthen the resistance at that level. We need a negative consolidation and a new pullback to the $26000 level for a bearish option. If we were to go down there, the price would be under a lot of pressure, and we would probably see a fall and the formation of a new lower low.
Ethereum chart analysis
The price of Ethereum is back above the $1800 level. The current positive consolidation looks good and could take us up to the $1820 level. Then we would move above the EMA50 moving average and get its support. Potential higher targets are the $1830 and $1840 levels.
We need a negative consolidation and pullback below the $1800 level for a bearish option. This could negatively affect the price, and the potential lower targets are the $1780 and $1760 levels.
