Bitcoin Analysis
bitcoin price rallied again to test a key turning point at $19,891 [BTC’s 2017 ATH] on Wednesday before the close of the daily session +$329.7.
The first chart we’re going to delve into today is this BTC/USD 6D chart down below Without having to worry. Bitcoin price is trading between 0 [$18,935.22] Fibonacci level and 0.236 Fib level [$25,054.18]at the time of writing.
cops have a primary target on the 6D chart of the 0.236 Fib level with a secondary target above 0.382 [$29,792.94]. Above 0.382 the targets are 0.618 [$39,420.59]1 [$62,024.9] and 1,618 [$129,127.54].
Those shorting the price of BTC short-term attempt to push the price back below the 0 Fibonacci level and if successful attempt to break the $17,611 2022 low.
BTC/USD 6D chart: the price is trading between 0 [$18,935.22] Fibonacci level and 0.236 Fib level [$25,054.18]The Fear and Greed Index is 22 Extreme anxiety and is +2 from Wednesday’s reading of 20 Extreme Fear.
The Fear and Greed Index is 22 Extreme Fear
Bitcoin moving averages: 5 days [$19,060.62]20 days [$19,687.66]50 days [$21,419.25]100 days [$23,135.19]200 days [$32,248.17]Year to date [$31,650.31].
BTC’s 24-hour price range is between $18,471.3 and $19,790 and the 7-day price range is between $18,424.79 and $20,296.07. Bitcoin’s 52-week price range is between $17,611 and $69,044.
The price of Bitcoin on this date last year was $41,535.6.
The average price of BTC for the last 30 days is $19,823.3 and is -5.9% over the same period.
bitcoin price [+1.73%] closed its daily candle for the second time in three days, valued at $19,410.4 and in green digits.
Ethereum Analysis
The price of ether was up less than 1% on Wednesday and when traders ended their trading for the day, ETH was priced at +$8.8.
The second chart for this Thursday’s analysis is this ETH/USD 1W chart out wistfulmachines. Despite ending in positive numbers, ETH’s price failed to catch bids from bullish market participants on Wednesday, which bitcoin did and ETH’s price looks more like it could possibly paint an inverted Adam and Eve pattern.
If bearish traders can push the price of ETH further lower, their ultimate target is $722.26. If the bulls fail to hold the support at this level on the weekly timeframe, their secondary target is the $303 level.
ETH/USD 1W chart: the price could potentially paint an inverted Adam and Eve pattern
Ether’s moving averages: 5 days [$1,316.18]20 days [$1,490.58]50 days [$1,606.72]100 days [$1,552.56]200 days [$2,280.11]Year to date [$2,221.90].
ETH 24-hour price range is between $1,253.2 and $1,355.7 and 7-day price range is between $1,243.14 and $1,393.48. Ether’s 52-week price range is between $883.62 and $4,878.
The price of ETH on this date in 2021 was $2,851.72.
The average price of ETH for the last 30 days is $1,496.01 and is -13.33% over the same distance.
The price of ether [+0.66%] closed its daily candle at $1,336.97 on Wednesday, returning to the green for the second time over three daily sessions.
XRP Analysis
The price of XRP was the third best performer for today’s price analysis, but also ended its daily candle on positive figures and +$0.0017.
The final chart to round out today’s price analysis is this XRP/USD 4HR chart down below bad beer. The price of XRP is trading between the 0.618 Fib level [$0.406] and 0 [0.558]at the time of writing.
The targets to the upside in XRP are the 0 Fib level with a secondary target of $0.667 and a third target of $0.827.
Bearish traders conversely aim to push the price of XRP back below the 0.618 Fib level followed by targets of 0.786 [$0.365]0.886 [$0.341]1 [$0.313]1.131 [$0.281]and 1.272 [$0.246].
XRP/USD 4HR chart: the price is trading between the 0.618 Fib level [$0.406] and 0 [0.558]Ripple price is +37.83% against the US Dollar, +38.44% against BTC and +8.53% against ETH over the last 90 days.
XRP Moving Averages: 5 days [$0.464]20 days [$0.377]50 days [$0.366]100 days [$0.365]200-day [$0.554]Year to date [$0.542].
XRP 24-hour price range is between $0.416 and $0.455 and 7-day price range is between $0.401 and $0.543. Ripple’s 52-week price range is between $0.2876 and $1.34.
The price of Ripple on this date last year was $0.926.
The average price of XRP over the last 30 days is $0.373 and +27.33% over the same period.
The price of XRP [+0.38%] closed its daily trading session on Wednesday, valued at $0.448 and in the green for the first time in three days.
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