Connect with us

Hi, what are you looking for?


Bitcoin and Ethereum: Bitcoin finds support at $29,000

Bitcoin and Ethereum: Bitcoin finds support at $29,000

Yesterday’s attempt to reach the $30,000 level was stopped at $29,889. 
The price of Ethereum manages to hold above the $1900 level.

Bitcoin chart analysis

Yesterday’s attempt to reach the $30,000 level was stopped at $29,889. After that, the price of bitcoin begins to retreat to the $29300 level. If today’s trend continues, we could soon test the $29,000 level. A larger support zone for the price is at the $28750 level because that is where we encounter the EMA50 moving average.

We need a positive consolidation and a move above the $29750 level for a bullish option. Then we need to hold up there in order to be able to test the $30000 level again. Potential higher targets are $30250 and 30500 levels.

Ethereum chart analysis

The price of Ethereum manages to hold above the $1900 level. Additional support is provided by the EMA50 moving average. Now we need a positive consolidation that could move us to the $1950 level. In this way, we would rise above the previous low and form a new one.

Potential higher targets are $1975 and $2000 levels. We need a negative consolidation and a pullback of the price below the 1900 level for a bearish option. Thus, we would fall below the EMA50 moving average, which would further strengthen the bearish pressure. Potential lower targets are $1875 and $1850 levels.


The post Bitcoin and Ethereum: Bitcoin finds support at $29,000 appeared first on FinanceBrokerage.

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

    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

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, 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 © 2022 All Rights Reserved.