{"id":2262,"date":"2024-09-13T12:01:45","date_gmt":"2024-09-13T12:01:45","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/13\/bitcoin-and-ethereum-positive-week-for-bitcoin-price\/"},"modified":"2024-09-13T12:01:45","modified_gmt":"2024-09-13T12:01:45","slug":"bitcoin-and-ethereum-positive-week-for-bitcoin-price","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/09\/13\/bitcoin-and-ethereum-positive-week-for-bitcoin-price\/","title":{"rendered":"Bitcoin and Ethereum: Positive Week for Bitcoin Price"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>Bitcoin and Ethereum: Positive Week for Bitcoin Price<\/h1>\n<p><span>This week, Bitcoin\u2019s price is facing resistance in the $58500 zone<\/span><br \/>\n<span>Ethereum\u2019s price continued to show a slight recovery despite resistance at the EMA 200 moving average<\/span><\/p>\n<h2>Bitcoin chart analysis<\/h2>\n<p><span>This week, Bitcoin\u2019s price is facing resistance in the $58500 zone. Weak momentum to move above triggers a bearish consolidation below the $58,000 level. A new daily low was created at $57750, and for now, we are successfully maintaining above that level. Additional support could be found in the EMA50 moving average, which is below today\u2019s low. If the current bearish <a href=\"https:\/\/www.financebrokerage.com\/bitcoin-price-pulled-back-to-new-support-this-morning\/\">momentum<\/a> continues, Bitcoin should move below the moving average to the bearish side.<\/span><\/p>\n<p><span>Potential lower targets are the $57500 and $57000 levels. For a bullish option, the price of Bitcoin would have to return above the daily open price to the positive side. This moves us above $58,200, and we are getting closer to testing the weekly resistance zone. This time, we need a break above and a jump to a new weekly high. Potential higher targets are the $59,000 and $59,500 levels.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>Ethereum chart analysis<\/h2>\n<p><span>Ethereum\u2019s price continued to show a slight recovery despite resistance at the EMA 200 moving average. On Thursday, we saw a higher low formation compared to the day before, which is positive for the price. From there, Ethereum started a new bullish consolidation up to the $2372 level. There, we were again under pressure from the EMA 200, which pulled us back down to the bearish side. The price is currently at $2340 at the daily low.<\/span><\/p>\n<p><span>Now, it is important to hold above yesterday\u2019s low to stay on the bullish side. If a break occurs below, we will form a new low, thereby confirming the bearish momentum\u2019s strengthening. Potential lower targets are the $2275 and $2250 levels. By retreating to these levels, we will drop below the weekly open price and thereby only confirm a deeper retreat of Ethereum.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/bitcoin-and-ethereum-positive-week-for-bitcoin-price\/\">Bitcoin and Ethereum: Positive Week for Bitcoin Price<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum: Positive Week for Bitcoin Price This week, Bitcoin\u2019s price is facing resistance in the $58500 zone Ethereum\u2019s price continued to show a slight recovery despite resistance at the EMA 200 moving average Bitcoin chart analysis This week, Bitcoin\u2019s price is facing resistance in the $58500 zone. Weak momentum to move above triggers [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/2262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=2262"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/2262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/2263"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=2262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=2262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=2262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}