{"id":3808,"date":"2024-10-18T12:04:00","date_gmt":"2024-10-18T12:04:00","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/18\/bitcoin-and-ethereum-bitcoin-is-close-to-a-weekly-high\/"},"modified":"2024-10-18T12:04:00","modified_gmt":"2024-10-18T12:04:00","slug":"bitcoin-and-ethereum-bitcoin-is-close-to-a-weekly-high","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/18\/bitcoin-and-ethereum-bitcoin-is-close-to-a-weekly-high\/","title":{"rendered":"Bitcoin and Ethereum: Bitcoin is close to a weekly high"},"content":{"rendered":"<div>\n<h1>Bitcoin and Ethereum: Bitcoin is close to a weekly high<\/h1>\n<p><span>The price of Bitcoin retreated to the $66,600 support level on Thursday, October 17<\/span><br \/>\n<span>Ethereum price continues to consolidate above $2600 on Friday, October 18<\/span><\/p>\n<h2>Bitcoin chart analysis<\/h2>\n<p><span>The price of Bitcoin retreated to the $66,600 support level on Thursday, October 17. After a short consolidation in that zone and the support of the EMA 50 moving average, we started a recovery above the $67,000 level. The price continued to rise up to the $68335 level. We encounter minor <a href=\"https:\/\/www.financebrokerage.com\/cryptocurrencies\/ripple-and-tron-ripple-boosts-bullish-momentum-on-thursday\/\">resistance<\/a> at this level and pull back to the $67,900 level. Bitcoin is still very bullish, and we expect to return to the bullish side soon.<\/span><\/p>\n<p><span>Potential higher targets are $68500 and $69000 levels. For a bearish option, we need a stronger bearish impulse below the $67500 level. Down there, we would test the daily open level. Then, we need a break below to form a new daily low and confirm the move to the bearish side. Potential lower targets are the $67,000 and $66,500 levels.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2>Ethereum chart analysis<\/h2>\n<p><span>Ethereum price continues to consolidate above $2600 on Friday, October 18. We have resistance in the $2650 zone for the second day in a row. The price ponovo nailazi na otpor u toj zoni i fall to $2635. Now, we need a new level of support in order to stay on the bullish side and continue the growth. Potential higher targets are $2660 and $2680 levels.<\/span><\/p>\n<p><span>For a bearish option, the price of Ethereum needs to go back down to the daily open level of $2605. Failure to hold there will increase bearish momentum and send us below to a new low. The EMA 50 moving average moves to the bearish side, putting additional pressure on the price. Potential lower targets are $2600 and $2580 levels. At $2560, Ethereum will retest the EMA 200 moving average, which it received support at the beginning of the week.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/bitcoin-and-ethereum-bitcoin-is-close-to-a-weekly-high\/\">Bitcoin and Ethereum: Bitcoin is close to a weekly high<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum: Bitcoin is close to a weekly high The price of Bitcoin retreated to the $66,600 support level on Thursday, October 17 Ethereum price continues to consolidate above $2600 on Friday, October 18 Bitcoin chart analysis The price of Bitcoin retreated to the $66,600 support level on Thursday, October 17. After a short [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3808","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\/3808","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=3808"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3809"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}