Bitcoin and Ethereum: Bitcoin is approaching $36,000 level

<div><img width="1200" height="823" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/05/Le-Bitcoin-sous-les-26-500-dollars-du-coin-vendredi-26-mai-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin sous les 26 500 dollars du coin vendredi 26 mai 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is approaching $36,000 level</b></h1>
<ul>
<li aria-level="1">Bitcoin price broke out of the previous consolidation yesterday, forming a new high this morning at the $35968 level.</li>
<li aria-level="1">This morning, we saw the formation of a new Ethereum high price at the $1874 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price broke out of the previous consolidation yesterday, forming a new high this morning at the $35968 level. The previous time we were at that level was a year and a half ago. The jump stops at that level, and Bitcoin begins to retreat, descending to the $35100 level.</p>
<p>The pullback stops at that level, and we see a slight recovery to the $35300 level. We need a new bullish impulse to start a new bullish consolidation.</p>
<p>Potential higher targets are $36000 and $36200 levels. For a <a href="https://www.financebrokerage.com/what-is-a-bearish-engulfing-candle/">bearish</a> option, we need a negative consolidation and price pullback below the $35000 support level. After that, there would be an increase in pressure on Bitcoin, which would have a negative impact and send it to lower support levels. Potential lower targets are $34800 and $34400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-237668 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/xCVVczhS-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>This morning, we saw the formation of a new Ethereum high price at the $1874 level. We stayed up there for a short time, and a pullback to the $1825 level followed. If the current consolidation continues, the price of Ethereum could slip to the $1800 support level. Failure to hold at that level would lead to a breakout below. Potential lower targets are $1780 and $1760 levels.</p>
<p>We would get additional support in the EMA50 moving average in the zone around the $1790 level. For a bullish option, we need a new positive consolidation and a return above the $1840 level.</p>
<p>There, we formed a new bottom from which we would have the opportunity to start further growth on the bullish side. Potential higher targets are $1860 and $1880 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-237669 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/xV1mUgnO-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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