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Bitcoin and Ethereum: Uptrend finally
Late last night, the price of Bitcoin fell to $18800, after which we had a jump to almost $21000. Bitcoin did not have the strength to stay at that level, and we saw a new pullback to $19000. The pressure has again moved to the lower support zone, and if we continue to move at this level, a break below and the formation of a new lower low could occur. Our next target is the $18,000 level; if we don’t find support here either, the next target is the $17,000 level. We need a return above the $20000 level for a bullish option. A positive consolidation at that level could push the price higher towards the $21000 level. ... (full story)