- Yesterday, Bitcoin's attempt to reach $45,000 was halted at $44,800.
- Ethereum price is witnessing a slight decline after failing to reach the $2,300 level yesterday
Bitcoin chart analysis
Yesterday, Bitcoin's attempt to reach $45,000 was halted at $44,800. We stop there and make a downward movement to the $42,630 level, where we get new support and start the upward consolidation that is still on the chart. This takes us to the $44,400 level, and we still have room to try to hold above the $44,000 level. If we succeed, the price will have a good initial position to attack the passing top at $44,800 again.
Possible higher targets are the $45,000 and $45,200 levels. We need a negative consolidation and the price to fall below the $43,500 level for a bearish option. This is where the EMA50 awaits us, and a break below it will put further pressure on Bitcoin price. After that, we will look at the $43,000 level as the next support point. Possible lower targets are $42,750 and $42,500 levels.
Ethereum chart analysis
Ethereum price is witnessing a slight decline after failing to reach the $2,300 level yesterday. After that, we saw a pullback by forming a bottom at the $2,220 level. Since then, the move has been in the $2,220-$2,270 range. We need a stronger bullish push to break this consolidation and threaten the $2,300 level again.
Additional pressure in that area also creates the EMA50 and we will have to break above it to continue to the upside. We need a negative reinforcement and a price drop to the $2200 support level to get a bearish option. This is where we will test the support area yesterday. Possible lower targets are the $2180 and $2160 levels.
