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Bitcoin and Ethereum: Struggle to reach new higher high

From financebrokerage.com

Today, the price of Bitcoin is trying to stay in the zone of around $23000. It is currently a little lower at $22900, and slight bearish pressure is noticeable as we are unable to establish a new higher high on the chart. The moving averages are on the bearish side and further direct the price towards the lower support. Potential support is at the $22000 level. We should move above the $23000 level for a bullish option and try to stay above. After that, with a positive consolidation, the Bitcoin price could continue towards last week’s resistance zone at the $24,000 level. Today, the price of Ethereum has not moved ... (full story)

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  • Category: Technical Analysis