• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Economy

Bitcoin and Ethereum: New Support and Targets for Friday

by October 4, 2024
written by October 4, 2024

Bitcoin and Ethereum: New Support and Targets for Friday

On Thursday, the price of Bitcoin fell to a new weekly low of $59860
A new weekly low for the price of Ethereum was formed yesterday at the $2308 level

Bitcoin chart analysis

On Thursday, the price of Bitcoin fell to a new weekly low of $59860. After that, we managed to stabilize again above $60,000 and start a recovery to the $61,200 level. Bitcoin has solid momentum to continue on the bullish side, and at the current level, it could find support from the EMA 50 moving average. That would strengthen optimism for continued bullishness.

Potential higher targets are $61500 and $62000 levels. The EMA 200 moving average is waiting for us in the zone of $62500, and we expect greater resistance there. For a bearish option, we need a negative consolidation of Bitcoin down to the $60000 support level. This time, we are looking for a break below to a new weekly low. This will confirm the bearish presence on the chart, and we can expect a further pullback. Potential lower targets are $59500 and $59000 levels.

 

Ethereum chart analysis

A new weekly low for the price of Ethereum was formed yesterday at the $2308 level. Shortly after its formation, the price started a recovery that continued today to the level of $2385. We have solid momentum and expect the price to continue its recovery by the end of the day. Moving above $2400 will get support from the EMA 50 moving average to continue on the bullish side. Potential higher targets are $2425 and $2450 levels.

The EMA 200 moving average is up in the $2500 zone. For a bearish option, we need a negative consolidation of the Ethereum price below the $2350 level. Thus, we go below the daily open price to the negative side. Strengthening bearish momentum will influence us to retest the previous low. With new pressure in that zone, we expect an impulse below to a new low as confirmation of further pullback. Potential lower targets are $2300 and $2275 levels.

 

The post Bitcoin and Ethereum: New Support and Targets for Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
East and Gulf coast ports shut down as thousands of workers go on strike
next post
Guts Stock Overview: Latest Trends and Data To Know About

You may also like

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup
    • Emerging economies remain the key to global energy demand

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy