Connect with us

Hi, what are you looking for?

Economy

Bitcoin and Ethereum: Bitcoin slipped below the $27,000

Bitcoin and Ethereum: Bitcoin slipped below the $27,000

The price of Bitcoin reached $27,000 again this morning. The price of Ethereum fell below the $1900 level this morning.

Bitcoin chart analysis

The price of Bitcoin reached $27,000 again this morning. Yesterday’s consolidation kept the price above $27600, but it doesn’t seem to have been enough to stay above. For now, we have support at $27000, and Bitcoin has recovered slightly to $27200.

With the continuation of the positive consolidation, we would have the opportunity to spin up to the previous support at $27600. If we hold above, then we could see further recovery and a return to the $28,000 level. We need a negative consolidation and a drop below the $27000 support level for a bearish option. Potential lower targets are $26800 and $26600 levels.

Ethereum chart analysis

The price of Ethereum fell below the $1900 level this morning. A low was formed at the $1860 level, and we remain above it for now. We have additional support at this level in the EMA50 moving average. This could trigger a continuation of the recovery and take us back to the $1900 level.

Then we would have to hold our own up there if we plan to initiate a continued recovery. We need a negative consolidation and a drop below the $1860 level for a bearish option. Such a move would mean that we will see a further pullback in price. Potential lower levels are the $1850 and $1840 levels.

The post Bitcoin and Ethereum: Bitcoin slipped below the $27,000 appeared first on FinanceBrokerage.

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...

Investing

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com