Bitcoin, Ethereum, Avalanche Price Analyses


Bitcoin Analysis 

Bitcoin’s price closed its daily session in green figures for a seventh consecutive day and +$269 on Monday.  

The first chart we’re analyzing today is the BTC/USD 1W chart below from NeutronMan

Track live crypto price of 10000+ coins!


Traders can see that after BTC’s price made its new all-time high in 2013 and also in 2017 there was a steep sell-off followed by a price rally back above the 61.8% fib level in 2014 and 50.00% fib level in 2018.  

On the chart pictured first on the left, the 2022 chart, we can see that BTC’s price is now back above the 38.20% fib level, at the time of writing. If history repeats and this is a relief rally in a bear market, the two price levels with special emphasis for observers are 50.00% [$51,004.] and 61.80% [$55,278.0].

Bitcoin Analysis
Comparison between btc’s price retracement in 2014, 2018, 2022

 

The Fear and Greed Index is 56 Greed and is -4 from Monday’s reading of 60 Greed. 

Fear and Greed
Fear and Greed index at level of 56 (greed)

Bitcoin’s Moving Averages: 5-Day [$44,213.79], 20-Day [$41,497.58], 50-Day [$40,588.44], 100-Day [$46,076.52], 200-Day [$45,983.84], Year to Date [$41,088.85].

BTC’s 24 hour price range is $46,660-$48,078 and its 7 day price range is $41,061-$48,078. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $57,634. 

The average price of BTC for the last 30 days is $41,513. 

Bitcoin’s price [+0.57%] closed its daily candle worth $47,105 on Monday. 

Ethereum Analysis 

Ether’s price also was sent higher during its daily candle on Monday and concluded its daily session +$33.55.  

The ETH/USD 1D chart below by Pepperstone shows ETH’s price trading between the 61.80% fib level [$2,744.98] and the 138.20% fib level [$3,315.23], at the time of writing. 

ETH’s price is bumping up against the top of its current range at the 138.20% fib level and Ether bulls are looking at the next overhead target of 161.80% [$3,494.99] as a secondary target. 

Conversely, bearish BTC traders are looking to reject bulls at 138.20% and send ETH’s price back down to test the $3k level before an eventual secondary target of 61.80%. 

Ethereum Analysis
ETH’s price is looking forward to breaking 161.80% fib level

 

Ether’s Moving Averages: 5-Day [$3,119.04], 20-Day [$2,822.86], 50-Day [$2,814.08], 100-Day [$3,417.09], 200-Day [$3,249.22], Year to Date [$2,916.47].

ETH’s 24 hour price range is $3,272-$3,421 and its 7 day price range is $2,895-$3,421. Ether’s 52 week price range is $1,687-$4,878. 

The price of ETH on this date in 2021 was $1,817.

The average price of ETH for the last 30 days is $2,827. 

Ether’s price [+1.02%] closed its daily candle on Monday worth $3,329.2 and in green figures for the thirteenth time over the last fifteen days. 

Avalanche Analysis

Avalanche’s price traded in red figures just marginally on Monday and finished its daily candle -$0.42.

The AVAX/USD 1D chart below by InevitableCrypto is trading between 2.618 [$69.11] and 4 [$92.29], at the time of writing. 

Traders that are of the bullish sentiment in the Avalanche market are seeking to reach the $92 level over time if the micro climate stays bullish.

Bearish traders are obviously looking to reverse course soon and retest the 2.618 again with a secondary target of 2 [$58.75] and a third target of 1.618 [$52.34].

Avalanche Analysis
AVAX/USD 1D chart traded between 2.618 [$69.11] and 4 [$92.29]

Avalanche’s price is +219.9% against The U.S. Dollar for the last 12 months, +279.1% against BTC, and +62.87% against ETH over the same duration, at the time of writing. 

Avalanche’s 24 hour price range is $88.75-$95.82 and its 7 day price range is $82.96-$95.82. Avalanche’s 52 week price range is $9.33-$144.96. 

Avalanche’s price on this date last year was $29.60.

The average price of AVAX over the last 30 days is $79.64.

Avalanche’s price [-0.47%] closed its daily session worth $89.56 and in red figures again for the first time in three days on Monday. 





Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: 

Related:  Top DeFi Coins Today - InsideBitcoins.com