Home Market Bitcoin and Ethereum prices retreat to the $16750

Bitcoin and Ethereum prices retreat to the $16750

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Bitcoin and Ethereum price drops to $16750

  • Bitcoin price continues this week’s consolidation.
  • While the price of Ethereum hovers around $1250, it is showing slight bearish signs. 

Analysis of Bitcoin charts

Bitcoin price continues this week’s consolidation. The $16750 support level is under increasing pressure. Maybe we will see the Bitcoin price falling, and maybe a breakout below. The $16600 level would be our first support. If the pressure continues, the price will have to fall to the next lower levels. The $16500 and $16300 levels are potential lower targets.

To be bullish, you need to see a positive consolidation as well as a move higher towards the $16900 resistance. Next, we must move up and attempt to reach $17000. The future trend in bitcoin will depend on how much consolidation occurs at this level.

Bitcoin chart analysis

Analysis of Ethereum chart

While the price of Ethereum remains at $1250, it is under slight bearish pressure. We are seeing a slowdown in price growth and a shift to the bearish. To trigger a bearish option, we need to see a negative consolidation or a fall below $1240. We would like to see the $1225 level as the next support level. Additional price…



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