Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Economy

Bitcoin and Ethereum: Bitcoin once again slipped to $30200

Bitcoin and Ethereum: Bitcoin once again slipped to $30200

Another attempt by Bitcoin to reach $31000 failed yesterday.
Ethereum price touched the $1900 level again yesterday. 

Bitcoin chart analysis

Another attempt by Bitcoin to reach $31000 failed yesterday. The jump was stopped at the $30950 level, and from there, we started a new pullback and fell to the $30200 support level. The price manages to stop the fall at that level, consolidates, and slightly recovers to the $30,400 level.

We need a positive consolidation and a move up to the $30500 level for a bullish option. Thus, we would move above the EMA50 moving average, which would be interpreted positively. After that, Bitcoin would have a solid chance of continuing its recovery. Potential higher targets are $30600 and $30700 levels.

We need a negative consolidation and pullback to the previous support at the $30200 level for a bearish option. A price break below would mean a further decline and a visit to the next lower support. Potential lower targets are $30100 and $30000 levels.

Ethereum chart analysis

Ethereum price touched the $1900 level again yesterday. We stayed up there for a short time because a pullback quickly followed, and the price fell to the $1,860 level. Now we see a slight recovery to $1870, but we still remain under bearish pressure.

For a bullish option, we need a positive consolidation and a return of the price above the $1880 level. At that level, we could get support in the EMA50 moving average. Then we need to keep up there in order to start the recovery with a new impulse. Potential higher targets are the $1890 and $1900 levels.

We need a negative consolidation and a visit to the $1860 support level for a bearish option. A break below would take us back to last week’s support levels. Potential lower targets are the $1850 and $1840 levels.

 

The post Bitcoin and Ethereum: Bitcoin once again slipped to $30200 appeared first on FinanceBrokerage.

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






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 © 2024 Oracleofomahasays.com