Bitcoin and Ethereum: Bitcoin is back at $30000
- Bitcoin’s price fell to $29122 today.
- Today, the price of Ethereum has fallen to $2053.
Bitcoin Chart Analysis
This morning, bitcoin’s price fell to $29122. A new seven-day bottom was thus formed. Bitcoin was down at that level for only a short period of time before returning to $29400. After that, Bitcoin continued with a positive consolidation and rose $29900. What is important is that we’re back above the EMA50. We can expect the bullish trend to continue above the $30k level. Possible higher targets include $30250 and $30550 levels. A price pullback under the EMA50 and $29800 is required for a bearish scenario. This could increase price pressure and lead to a further decline. Lower targets could be $29600 level and $29400.
Ethereum Chart Analysis
The price of Ethereum fell to $2053 this morning. We briefly fell and returned quickly to the level of $2080. With bullish consolidation it rises above the $2100 mark. There is a consolidation above that level and we are currently…
