Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Economy

Bitcoin and Ethereum: Bitcoin is back above $30200

Bitcoin and Ethereum: Bitcoin is back above $30200

This morning, bitcoin’s price managed to jump to the $30,200 level with a bullish impulse.
This morning, the price of Ethereum managed to consolidate at the $1880 level and initiate an impulse above the $1900 level.

Bitcoin chart analysis

This morning, bitcoin’s price managed to jump to the $30,200 level with a bullish impulse. Before that, we consolidated around the $30,000 level, which was followed by the mentioned impulse. We have additional pressure on the price in the zone around the $30200 level in the EMA50 moving average, and we need a break above it if we want to see the continuation of bitcoin’s recovery. Potential higher targets are $30400 and $30600 levels.

For a bearish option, we need a negative consolidation and a retracement of the price below the $30,000 level. Bearish pressure would increase below, negatively affecting the price of Bitcoin. Potential lower targets are $29800 and $29600 levels. On Tuesday, we were below $29600, and since then, we have been in a bullish consolidation.

Ethereum chart analysis

This morning, the price of Ethereum managed to consolidate at the $1880 level and initiate an impulse above the $1900 level. The current high is the $1913 level, and the price is breaking above the EMA50 moving average. Continuing this momentum, we could soon test $1920 and try to hold there. Then, we need to start a new positive consolidation in order to see the continuation of the Ethereum price growth. Potential higher targets are $1930 and $1940 levels.

We need a negative consolidation and a pullback to support a bearish option at the $1880 level. The picture would change significantly as the pressure would move lower, causing the price to continue to slide. Potential lower targets are $1870 and $1860 levels.

 

The post Bitcoin and Ethereum: Bitcoin is back above $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