- Over the weekend, the price of Bitcoin was in retreat from $28,800 to $28,000.
- Ethereum price pulled back to support at the $1764 level this morning.
Bitcoin chart analysis
Over the weekend, the price of Bitcoin was in retreat from $28,800 to $28,000. As Monday began, the price dropped sharply to the $27,600 level. After that, we see consolidation and the initiation of a bullish impulse, and recovery to the $28400 level. For now, we are hovering around that level, and if we manage to stay up there, we will be in a good position to continue the recovery.
Potential higher targets are $28600 and $28800 levels. We need a new negative consolidation and price pullback below the $28,000 level for a bearish option. Then we would be able to visit the previous low. Potential lower targets are $27500 and $27250 levels.
Ethereum chart analysis
Ethereum price pulled back to support at the $1764 level this morning. Very quickly, the price consolidated and started a bullish recovery. We are back above the $1800 level again and are managing to hold on there for now. Potential higher targets are $1825 and $1850 levels.
We need a negative consolidation and pullback prices below the $1800 level for a bearish option. In the zone around $1790, we have support in the EMA20 and EMA50 moving averages. a drop below them would likely see us move down to lower support levels. Potential lower targets are $1775 and $1750 levels.
.embed_code iframe {
height: 325px !important
}
.embed_code p { margin-top: 18%; text-align: center;
}
.embed_code { height: 370px; width: 80%; margin: auto;
}
.embed_code h2{ font-size: 22px;
}
BONUS VIDEO: Weekly news summary from the markets
[embedded content]
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.financebrokerage.com/bitcoin-and-ethereum-bitcoin-struggles-at-28500/
- ][p
- $UP
- 000
- 1
- a
- Able
- above
- After
- analysis
- and
- ARE
- around
- AS
- At
- auto
- back
- BE
- bearish
- began
- below
- Bitcoin
- bitcoin and ethereum
- Bullish
- Center
- Chart
- consolidation
- content
- continue
- down
- Drop
- dropped
- embedded
- ethereum
- For
- from
- good
- Have
- height
- higher
- hold
- HTTPS
- in
- jpg
- Level
- levels
- likely
- Low
- manage
- managing
- Margin
- Monday
- morning
- move
- moving
- moving averages
- Need
- negative
- New
- news
- of
- on
- Option
- plato
- Plato Data Intelligence
- PlatoData
- player
- position
- potential
- previous
- price
- Prices
- pullback
- quickly
- recovery
- Retreat
- started
- stay
- Struggles
- SUMMARY
- support
- support levels
- targets
- that
- The
- Them
- to
- us
- Video
- Visit
- webp
- weekend
- weekly
- will
- would
- youtube
- zephyrnet