Bitcoin’s price put an end to over 5 days of incessant selling pressure on Tuesday and closed up more than 2%. BTC’s price concluded its daily session +$892.
The first chart we’re analyzing today is the BTC/USD 1D chart below from cryptoGats. BTC’s price is trading between the 61.80% fib level [$31,529.93] and the 50.00% fib level [$38,754.52], at the time of writing.
Track live crypto price of 10000+ coins!
The interim targets for bullish BTC traders are the 50.00% fib level, followed by 38.20% [$45,915.74], and 23.60% [$54,867.28].
From the perspective of bearish BTC traders, they’re aiming to push BTC’s price below the 61.80% fib with a secondary target of 78.60% [$21,339.71], and a third target of 100.00% [$8,319.30].
The Fear and Greed Index is 12 Extreme Fear and is +2 from Tuesday’s reading of 10 Extreme Fear.
Bitcoin’s Moving Averages: 5-Day [$34,979.82], 20-Day [$38,595.39], 50-Day [$40,935.52], 100-Day [$41,573.07], 200-Day [$46,958.49], Year to Date [$40,947.01].
BTC’s 24 hour price range is $29,996-$32,577 and its 7 day price range is $29,996-$39,874. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $55,851.
The average price of BTC for the last 30 days is $38,672.7 and BTC’s price is -26% over the same duration.
Bitcoin’s price [+2.96%] closed its daily candle worth $31,050 on Tuesday and in green figures for the first time in six days.
Ether’s price also experienced a relief rally on Tuesday and finished its daily session +$112.94.
The second chart we’re analyzing today is the ETH/USD 1D chart below by LochubT. Ether’s price is trading between the 1 fibonacci level [$2,184.00] and 0.786 [$2,486.66].
With the macro price action in a larger downtrend currently it’s going to be difficult for bulls to reclaim the 0.786 fib level but if they do their next target is 0.618 [$2,724.25], followed by 0.5 [$2,891.14].
Conversely, bearish traders of the ETH market are entirely in control of the larger trend. The targets to the downside of the charts to inflict further damage on bullish traders are the 1 fib, 1.272 [$1,799.32], and 1.414 [$1,598.50].
Ether’s Moving Averages: 5-Day [$2,615.84], 20-Day [$2,872.10], 50-Day [$2,943.82], 100-Day [$3,028.05], 200-Day [$3,389.23], Year to Date [$2,952.11].
ETH’s 24 hour price range is $2,213-$2,453 and its 7 day price range is $2,213-$2,955. Ether’s 52 week price range is $1,719-$4,878.
The price of ETH on this date in 2021 was $3,950.03.
The average price of ETH for the last 30 days is $3,131.58 and ETH’s price is -15.6% over the same time frame.
Ether’s price [+5.07%] closed its daily candle on Tuesday worth $2,342.04 and Ether bulls snapped a streak of five straight daily closes in red figures.
Avalanche’s price closed up higher by percentage than BTC and ETH on Tuesday and AXAX closed its daily session up greater than 7%. AVAX’s price concluded Tuesday +$3.15.
The third chart we’re looking at today is the AVAX/USD 1W chart below by Swoop6. Avalanche’s price is trading between 0.786 [$33.02] and 0.618 [$58.29], at the time of writing.
Bullish AVAX traders really need to reclaim the 0.618 quickly if they hope to avoid a trip back to the $30 level. A secondary target for bulls is 0.5 [$76.03], followed by a third target of 0.382 [$93.77].
Below the 0.786 fib level AVAX’s price could potentially experience a steep mark-down to under $1 at the 1 fib level [$0.884].
Avalanche’s Moving Averages: 5-Day [$49.88], 20-Day [$65.65], Year to Date [$75.35].
AVAX’s price is +27.32% against The U.S. Dollar for the last 12 months, +130.5% against BTC, and +117.1% against ETH, over the same duration.
Avalanche’s 24 hour price range is $41.92-$49.67 and its 7 day price range is $41.92-$68.64. AVAX’s 52 week price range is $9.33-$144.96.
Avalanche’s price on this date last year was $36.77.
The average price of AVAX over the last 30 days is $67.90 and AVAX is -50.24% for the last 30 days.
Avalanche’s price [+7.63%] closed its candle worth $44.44 on Tuesday and also snapped five straight days of selling by AVAX market participants.
Download MAXBIT Android App, Your best source of all crypto news!
Share this article: