Bitcoin, Ethereum, Dogecoin Price Analyses


Bitcoin Analysis 

Bitcoin’s price was sent back above the $40k level on Wednesday and concluded its daily session +$1,645. 

The BTC/USD 1D chart below from mattpickstone shows BTC’s price trading between the 0.236 fibonacci level [$38,196.99] and 0.382 [$44,027.40].

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If bullish BTC market participants can send BTC’s price above 0.382 their next target is 0.5 [$48,739.65] with a third target of 0.618 [$53,451.9].

Conversely, the bearish targets for traders expecting further downside are 0.236 and 0 [$28,772.48]. 

Bitcoin Analysis 
BTC’s price trading between the 0.236 fibonacci level [$38,196.99] and 0.382 [$44,027.40]

Bitcoin’s Moving Averages: 5-Day [$39,401.39], 20-Day [$39,844.63], 50-Day [$40,503.61], 100-Day [$47,612.84], 200-Day [$45,745.92], Year to Date [$40,775.33].

The Fear and Greed Index is 24 Extreme Fear and is +3 from Wednesday’s reading of 21 Extreme Fear. 

Fear and Greed
The Fear and Greed Index is 24 Extreme Fear

BTC’s 24 hour price range is $39,028-$41,551 and its 7 day price range is $37,842-$41,986. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $57,922. 

The average price of BTC for the last 30 days is $39,821. 

Bitcoin’s price [+4.18%] closed its daily candle worth $40,962 and has alternated between red and green figures for the last six days. 

Ethereum Analysis 

Ether’s price outpaced BTC’s gains by percentage during Wednesday’s daily candle and ETH’s price closed its daily session +$144.95. 

The ETH/USD 1D chart below by alihussnainmirza shows ETH’s price bounced off of the 0 [$2,522.71] level and is now range bound between that fib and the 0.236 fib level [$3,067.64]. 

Ether market participants of the bullish persuasion are looking to regain the 0.236 fib level with a secondary target of 0.382 [$3,404.75] and 0.5 [$3,677.21] is the third target overhead.

From the perspective of bearish Ether market participants, they’re looking to cause another test of the 0 fib level that if successful could lead to their secondary target of an important psychological resistance at $2k. 

Ethereum Analysis 
ETH’s price is now range bound between that fib and the 0.236 fib level [$3,067.64]

Ether’s Moving Averages: 5-Day [$2,608.81], 20-Day [$2,689.44], 50-Day [$2,849.34], 100-Day [$3,532.13], 200-Day [$3,221.56], Year to Date [$2,897.77].

ETH’s 24 hour price range is $2,611-$2,782 and its 7 day price range is $2,518-$2,782. Ether’s 52 week price range is $1,558-$4,878. 

The price of ETH on this date in 2021 was $1,780.

The average price of ETH for the last 30 days is $2,698.35. 

Ether’s price [+5.54%] closed its daily candle valued at $2,762.38 and in green digits for the third consecutive day.

Dogecoin Analysis

Dogecoin’s price rallied with the majority of the top twenty projects across the cryptocurrency market on Wednesday and when traders settled up at the close of the day DOGE’s price was +$.0041.

The third chart we’re analyzing today is the DOGE/USD 1W chart from TradingShot. DOGE’s price is trading between 1 [$0.002] and 1.618 [$0.0164], at the time of writing. 

The targets to the upside for DOGE bulls are 1.618, 2 [$0.0553], and 2.618 [$0.3947]. The targets for bearish DOGE traders are 1, and a full retracement back to 0 [$0.00008565]. 

Dogecoin Analysis
DOGE’s price is trading between 1 [$0.002] and 1.618 [$0.0164]

Dogecoin’s Moving Averages: 5-Day [$0.114], 20-Day [$0.124], 50-Day [$0.14], 100-Day [$0.176], 200-Day [$0.21], Year to Date [$0.142].

DOGE’s 24 hour price range is $0.112-$0.116 and its 7 day price range is $0.112-$0.121. Dogecoin’s 52 week price range is $0.05-$0.731. 

Dogecoin’s price on this date last year was $0.057.

The average price of DOGE over the last 30 days is $0.125. 

Dogecoin’s price [+3.64%] closed its daily candle worth $0.116 on Wednesday but has finished in red figures for five of the last seven days.




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