Bitcoin, Ethereum, Chainlink Price Analyses


Bitcoin Analysis 

Bitcoin’s price stair stepped higher for the fourth consecutive day and concluded its daily session on Wednesday +$372.

The first chart we’re analyzing today is the BTC/USD 4HR chart below from ScreenMaker17. BTC’s price is ranging in between the 0.786 fib level [$42,651.50] and 1 [$45,271.], at the time of writing.

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If bulls can crack the $45,3k level their sights will be set next on the 1.618 fib level [$52,835.73]. Conversely, bearish BTC traders are looking to push BTC’s price back below the 0.786 and down to retest the 0.618 fib level [$40,595.07]. Bearish traders have a third target below of 0.5 [$39,150.67].

Bitcoin Analysis 
BTC’s price is ranging in between the 0.786 fib level [$42,651.50] and 1 [$45,271.]

The Fear and Greed Index is 50 Neutral and -4 from Wednesday’s reading of 54 Neutral. 

fear & greed

Bitcoin’s Moving Averages: 20-Day [$39,893.91], 50-Day [$44,607.34], 100-Day [$51,036.34], 200-Day [$45,978.04], Year to Date [$40,964.28].

BTC’s 24 hour price range is $43,309-$44,758 and its 7 day price range is $36,438-$44,938. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $47,815. 

The average price of BTC for the last 30 days is $40,254. 

Bitcoin’s price [+0.84%] closed its daily candle worth $44,432 on Wednesday.  

Ethereum Analysis 

Ether’s price has closed in green figures for six of the last seven days and finished its daily session on Wednesday +$127.52. 

The ETH/USD 1D chart below from WillSebastian shows Ether’s price trading just above the 0.382 fib level [$3,131.64]. Bullish traders are now looking to extend their rally to the top of its current range up to the 0.5 fib level [$3,454.38] with a third target of 0.618 [$3,777.11].

Bearish Ether market participants are hoping they can set bulls up with a bull trap here and a false breakout above the 0.382 fib level before sending ETH’s price back down to 0.236 [$2,732.32]. Below the 0.236 bearish Ether traders have a third target of 0 [$2,086.85] which is a zone of heavy support for bullish traders. 

Ethereum Analysis
Ether price is trading just above the 0.382 fib level [$3,131.64]

 Ether price is trading just above the 0.382 fib level [$3,131.64]

Ether’s Moving Averages: 20-Day [$2,855.08], 50-Day [$3,465.51], 100-Day [$3,731.21], 200-Day [$3,253.98], Year to Date [$3,019.02].

ETH’s 24 hour price range is $3,069-$3,266 and its 7 day price range is $2,590-$3,266. Ether’s 52 week price range is $1,353-$4,878. 

The price of ETH on this date in 2021 was $1,782.

The average price of ETH for the last 30 days is $2,906. 

Ether’s price [+4.09%] had a daily candle close of $3,243.32.

Chainlink Analysis

Chainlink’s price is continuing onward and upward in its ascending channel that it’s been creating since early 2022. Chainlink’s price bottomed before reversing back to the high teens last week and finished its daily candle on Wednesday +$.30.

Our third chart today is the LINK/USD 4HR chart below from FOREXN1. Chainlink’s market participants are curious which way LINK’s price will trend next as it’s in the middle of its current 4HR channel, at the time of writing. 

Bearish LINK traders are hoping to send LINK’s price back down to retest the 61.8% fib level [$16.93] with a secondary target to the downside of 78.6% [$16.22].

From the bullish perspective, they’re seeking an impulse to the upside and a clean break of the 0.00% fib level [$19.58] after testing that level earlier this week. If bulls can successfully break that level to the upside the next target is the $20.87 level which would be a bullish breakout on LINK’s 4HR timescale.

Chainlink Analysis
LINK is in the middle of its current 4HR channel

Chainlink’s Moving Averages: 20-Day [$18.62], 50-Day [$20.53], 100-Day [$24.29], 200-Day [$25.00], Year to Date [$20.58].

LINK’s 24 hour price range is $17.87-$18.74 and its 7 day price range is $15.5-$19.34. Chainlink’s 52 week price range is $13.43-$52.7. 

Chainlink’s price on this date last year was $27.76.

The average price of LINK over the last 30 days is $19.86. 

Chainlink’s price [+1.63%] closed its daily candle worth $18.67 on Wednesday.




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