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Bitcoin and Ethereum: Bitcoin’s Price Was in Retreat

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Bitcoin and Ethereum: Bitcoin’s Price Was in Retreat


Bitcoin and Ethereum: Bitcoin’s Price Was in Retreat

  • Over the weekend, Bitcoin prices fell below the $21,500 mark.
  • Ethereum prices also dropped over the weekend, from $1675 up to $1550

Analysis of Bitcoin charts

The Bitcoin price fell below $21,500 over the weekend. Yesterday, bitcoin prices fell below $21,000. Today, they will fall to $20,600. This level provides immediate support for the bitcoin price and allows it to make a minor recovery towards the $20740 level. We need to see a positive consolidation, a rise above $21000 and a bullish option.

We would then have the opportunity to return to the bullish trend, and test our previous high at 21500. The $22000 level is a potential higher target. For a bearish option, we need a negative consolidation and a drop below $20600 today’s support level. Bitcoin’s price could rise by as much as 20% if it breaks below $20600. The $20400 and 20000 levels are potential lower targets.

Bitcoin Chart Analysis

Analysis of the Ethereum chart

The Ethereum price fell to $1675 from $1550 over the weekend. The price finds support there, and makes a bullish movement to the $1580 mark. To continue this minor bullish trend, we need to return to the $1600 levels. We need to…



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