Bitcoin and Ethereum: Bitcoin jumps to $27000

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Bitcoin and Ethereum: Bitcoin jumps to $27000

Bitcoin and Ethereum: Bitcoin jumps to $27000

• The price of Bitcoin continues its recovery, climbing to the $27084 level. 


• At the beginning of the day, Ethereum again crossed above $1700 and continued the bullish trend.

Bitcoin chart analysis

The price of Bitcoin continues its recovery, climbing to the $27084 level. This morning, Bitcoin found support at the $25,000 level, and the weak dollar helped Bitcoin by pushing it to a new nine-month high. Based on previous jumps, resistance, and support levels, bitcoin could climb up to $28000 and find the next resistance there.

We need a negative consolidation and a pullback to the $26,000 level for a bearish option. A break below would be a sign for us that the price should continue to fall. Potential lower targets are the $25,000 and $24,000 levels.

Ethereum chart analysis

At the beginning of the day, Ethereum again crossed above $1700 and continued the bullish trend. We are now at $1760 and on our way to reaching the $1800 level. If that doesn’t happen today, the jump to $1800 could be over the weekend. We need a negative consolidation and price pullback to the $1700 level for a bearish option.

A drop below that level could drag the price of Ethereum to lower support levels. Potential lower targets are $1650 and $1600 levels. There is no indication of a bearish scenario for now.

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