Bitcoin falls below the $22000

Bitcoin continues to slide throughout the morning, forming a new March low at the $21600 level. Ethereum is on track to visit the previous low at $1462 from February 13. Bitcoin continues to slide throughout the morning, forming a new March low at the $21600 level. The price could soon fall to the 21500 level and try to get support there. If we do not manage to hold on there, it is more and more certain that we will soon find ourselves at the $21,000 level.

For a bullish option, we need a new positive consolidation and a return above $22000. Then we need to try to hold on there and start the Bitcoin price recovery with new momentum. Potential higher targets are $22200 and $22500 levels.

Ethereum analysis

Ethereum is on track to visit the previous low at $1462 from February 13. This morning, Ethereum fell to the $1520 level, having previously broken the support at the $1560 level. We need a positive consolidation and a return above the $1560 level for a bullish option. After that, we need to try to hold up there in order to consolidate better before the next bullish impulse. Potential higher targets are $1580 and $1600 levels.

We need a price jump to the $1660-$1680 resistance zone for a more concrete bullish trend. By moving above, we would escape from the clutches of bearish pressure.