The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Economy

Bitcoin and Ethereum: Bitcoin jumps to a new high at $30988

by
October 23, 2023
in Economy
0
Bitcoin and Ethereum: Bitcoin jumps to a new high at $30988
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Bitcoin and Ethereum: Bitcoin jumps to a new high at $30988

During the weekend, the price of Bitcoin managed to stabilize around the $30,000 level.
Over the weekend, the price of Ethereum continued the previous bullish consolidation, stabilizing above the $1630 level.

Bitcoin chart analysis

During the weekend, the price of Bitcoin managed to stabilize around the $30,000 level. In the first hours of Monday, we saw a bullish impulse and the beginning of a bullish consolidation with the formation of a new high at the $30988 level. We have stopped there for now, and the price is retreating to the $30,500 level, looking for that support. If it succeeds in that, it could start a new positive consolidation that would take us above the $31,000 level.

Potential higher targets are $31100 and $31200 levels. We need a negative consolidation and pullback to the $30250 level for a bearish option. Thus, we would return to yesterday’s movement zone, reducing the bullish pressure and influencing the price to start pulling down. Potential lower targets are the $30,000 and $29,750 levels.

Ethereum chart analysis

Over the weekend, the price of Ethereum continued the previous bullish consolidation, stabilizing above the $1630 level. As Monday began, the price made a new bullish impulse and jumped to the $1706 level, thus forming a new higher high. We then see a stop at that level and a pullback below the $1700 level to the $1675 support level. If it does not last, the next support is in the zone around $1,660.

Potential lower targets are $1650 and $1640 levels. For a bullish option, we need a continuation of positive consolidation and a return above the $1680 level. There, we would form a new bottom and, from there, start a new recovery and visit the $1700 level. With a breakthrough, we would have the opportunity to form a new high, and the potential higher targets are $1710 and $1720 levels.

 

The post Bitcoin and Ethereum: Bitcoin jumps to a new high at $30988 appeared first on FinanceBrokerage.

Previous Post

YOURGLOBALDEAL Review

Next Post

Economic Indicators in Focus: The Euro and Oil Dynamics

Next Post
Economic Indicators in Focus: The Euro and Oil Dynamics

Economic Indicators in Focus: The Euro and Oil Dynamics

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria

    Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria

    July 1, 2025
    Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case

    Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case

    July 1, 2025
    Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

    Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

    July 1, 2025
    Trump’s achievements embolden him to be even more aggressive

    Trump’s achievements embolden him to be even more aggressive

    July 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, 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 © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, 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 © 2025 thefinancialhorizons.com | All Rights Reserved