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 remains at $26,000 support

Bitcoin and Ethereum: Bitcoin remains at $26,000 support

The bitcoin price remains today in the zone around the $26,000 level.
Ethereum price is also in a sideways consolidation in the $1650-$1690 range. 

Bitcoin chart analysis

The bitcoin price remains today in the zone around the $26,000 level. We continue to move sideways in the $26000-$26250 range. We need a break above the $26250 level if we plan to move to the bullish side. A move to the $26,500 level would form a new high price this week, and we could interpret that as the first positive sign of a potential recovery. Higher targets on the chart are $26750 and $27000 levels.

We need a negative consolidation and pullback below the $26000 support level for a bearish option. Then, we would again have the opportunity to test the previous low in the zone around $25600. A longer hold down there could lead to a breakout below and the formation of a new low. Potential lower targets are $25500 and $25250 levels.

Ethereum chart analysis

Ethereum price is also in a sideways consolidation in the $1650-$1690 range. For the fifth day already, we are moving in the same range without major outages outside this channel. The price has now stabilized, which could reinforce the bullish consolidation and initiate a mild bullish trend.

It would be desirable to return to the resistance zone at the $1700 level. Then, we need a break above and hold there before we continue the recovery. Potential higher targets are $1720 and $1740 levels.

We need a negative consolidation and a price drop below the $1650 level for a bearish option. Then, we would enter the bearish zone of increased pressure on the price. Potential lower targets are $1620 and $1600 levels.

The post Bitcoin and Ethereum: Bitcoin remains at $26,000 support 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

    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...

    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...

    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