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 falls below $25500 last night

Bitcoin and Ethereum: Bitcoin falls below $25500 last night

The price of Bitcoin fell to a new two-month low at the $25350 level last night.
Ethereum slipped below the $1600 level again yesterday.

Bitcoin chart analysis

The price of Bitcoin fell to a new two-month low at the $25350 level last night. After that, a bullish consolidation followed, and we returned again to the zone around the $26,000 level. We currently see that this consolidation could push the price of Bitcoin upwards to the $26200 level. Thus, we would form today’s high and confirm the potential continuation of the recovery. The next higher targets are $26400 and $26600 levels.

We need a negative consolidation and a drop below the $25800 level for a bearish option. We would approach the previous support zone again. This could negatively impact Bitcoin’s further movement and send it even lower. Potential lower targets are $25200 and $25000 levels.

Ethereum chart analysis

Ethereum slipped below the $1600 level again yesterday. The price decline was stopped at the $1581 level. From there, we started a new recovery and jumped to the $1655 level. The price stops at that level and pulls back to support at the $1640 level. We now expect to find new support here and initiate a positive consolidation and further recovery in the price of Ethereum. Potential higher targets are $1680 and $1700 levels.

We need a negative consolidation and pullback below the support at the $1620 level for a bearish option. We would again have the opportunity to test the $1600 psychological level. A break below would likely form a new lower low and thus confirm a bearish continuation. Potential lower targets are $1580 and $1560 levels.

The post Bitcoin and Ethereum: Bitcoin falls below $25500 last night 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

    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...

    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

    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