Investment Tips 29-05-2023 12:27 33 Views

Bitcoin and Ethereum: Bitcoin jumped to $28450 this morning

Bitcoin

Bitcoin and Ethereum: Bitcoin jumped to $28450 this morning

  • Over the weekend, the price of Bitcoin was in a bullish trend. 
  • This morning we saw the Ethereum price jump above $1900, all the way to the $1927 level. 

Bitcoin chart analysis

Over the weekend, the price of Bitcoin was in a bullish trend. This morning the price rose to the $28452 level. It stayed up there for a short time, followed by a pullback to the $28,000 level. We are currently trying to hold on there to stop a potential drop. At the $27800 level, additional support is in the EMA50 moving average.

If we fall below it, the price of Bitcoin could initiate a bigger pullback. Potential lower targets are $27600 and $27400 levels. We need a positive consolidation and a move to the $28200 level for a bullish option. Then we need to keep up there if we want to see further recovery. Potential higher targets are $28400 and $28600 levels.

Bitcoin chart analysis

Ethereum chart analysis

This morning we saw the Ethereum price jump above $1900, all the way to the $1927 level. Then there was a pullback to $1900, and now we are holding around that level. If we stay here too long, the price could slip below and visit lower levels. Potential lower targets are the $1880 and $1860 levels.

We need a positive consolidation and jump to $1920 again for a bullish option. Then we need to consolidate there and try to start a bullish continuation with the next impulse.

Ethereum chart analysis

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