Bitcoin and Ethereum: Bitcoin retreats below the $26800
- Over the weekend, the price of Bitcoin managed to stay above the $27,000 level.
- The price of Ethereum once again fell below the $1900 level this morning.
Bitcoin chart analysis
Over the weekend, the price of Bitcoin managed to stay above the $27,000 level. In a couple of attempts, we managed to reach the $27,300 level, but we did not manage to stay up there. As Monday began, the price started to pull back and broke the support at the $27,000 level.
Today’s low is currently at the $26740 level, and we could see a continuation of the pullback below this low. Potential lower targets are $26600 and $26500, our last week’s lows. We need a new positive consolidation and a return to the $27000 level for a bullish option. Then we also need to maintain our position above so that we can start the recovery with a new impulse. Potential higher targets are $27200 and $27300 levels.
Ethereum chart analysis
The price of Ethereum once again fell below the $1900 level this morning. A strong bearish impulse pushed the price down to the $1865 level. We are currently managing to hold above and see a slight recovery to the $1870 level. To continue on the bullish side, we need a positive consolidation and a move above the $1880 level.
There we would get support in the EMA50 moving average, which could positively impact the bullish option. Potential higher targets are the $1890 and $1900 levels. On the bearish side, we can look for support at the $1860 and $1850 levels.
