Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Economy

Bitcoin and Ethereum: Bitcoin close to $30000 yesterday

Bitcoin and Ethereum: Bitcoin close to $30000 yesterday

Since the beginning of this week, we have seen an increase in volatility on the Bitcoin chart.
Ethereum’s price jumped to the $1640 level yesterday, forming a new 10-day high price.

Bitcoin chart analysis

Since the beginning of this week, we have seen an increase in volatility on the Bitcoin chart. A strong impulse made Bitcoin jump to the $29900 level yesterday. This was followed by a quick pullback to the $28,000 support level. Since then, we have been above that level and are moving into a new bullish consolidation. We managed to form a new high at the $28,800 level so that we could make a pullback from that place again, but now only up to the $28,200 support level.

The new bullish consolidation manages to move us above the $28400 level, and we could soon test the $28500 level. Potential higher targets are $28800 and $29000 levels. We need a negative consolidation and a price drop below $28200 of the previous low for a bearish option. After that, we would be able to test the next level of support at the $28,000 level. Potential lower targets are $27800 and $27600 levels.

Ethereum chart analysis

Ethereum’s price jumped to the $1640 level yesterday, forming a new 10-day high price. A pullback and retreat to the $1,570 level soon followed. After that, Ethereum managed to consolidate above that level and move above the $1580 level. There, it gets support in the EMA50 and starts a positive consolidation level up to $1605. At that level, we encounter resistance and retreat again to the $1585 level, where we form a higher low.

The new support leads to the start of another bullish consolidation and a jump to the $1592 level. Potential higher targets are the $1600 and $1610 levels. We need a negative consolidation of the price drop to the $1580 support level for a bearish option. A break below would drop us below the EMA50 moving average, which would increase the pressure on the price to continue down. Potential lower targets are $1570 and $1560 levels.

 

The post Bitcoin and Ethereum: Bitcoin close to $30000 yesterday appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Disclaimer: Deluxeinvestmentgroup.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 © 2023 deluxeinvestmentgroup.com