Bitcoin, Ethereum, Monero Price Analyses

Bitcoin Analysis 

Bullish BTC market participants controlled BTC’s price action for the first two days to begin the new week but on Wednesday the sellers stepped up their game and when traders settled-up at Bitcoin’s session close, BTC’s price was -$355.9.  

The BTC/USD 4HR chart below by pridefulDove59918 is the first chart we’re analyzing for this Thursday. The price of BTC is trading between the 0 fibonacci level [$15,632.65] and 0.236 fib level [$16,910.28], at the time of writing. 

BTC’s price is trading within a triangle pattern and bullish BTC traders want to eclipse the 0.236 fib level. That’s a requirement to see the 0.382 fibonacci level [$17,700.68] and eventually take aim at the following  targets above, 0.5 [$18,339.5], 0.618 [$18,978.32], 0.786 [$19,887.82], and 1 fib level [$21,046.36]. 

While bullish BTC market participants are aiming for a reversal to the upside, the momentum’s still with bearish traders. They’ve a primary aim to break BTC’s current triangle pattern on the 4HR timescale to the downside with a secondary target of the 0 fibonacci level. 

BTC/USD 4HR chart: the price is trading between the 0 fibonacci level [$15,632.65] and 0.236 fib level [$16,910.28]

The Fear and Greed Index is 20 Extreme Fear and is -3 from yesterday’s reading of 23 Extreme Fear.

Fear and Greed
The Fear and Greed Index is 20 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$16,890.68], 20-Day [$19,079.51], 50-Day [$19,405.79], 100-Day [$20,570.92], 200-Day [$28,178.35], Year to Date [$29,750.93]. 

BTC’s 24 hour price range is $16,378.6-$17,015.9 and its 7 day price range is $15,742.44-$17,892.36. Bitcoin’s 52 week price range is $15,606.1-$60,930.3. 

The price of Bitcoin on this date last year was $60,375.4. 

The average price of BTC for the last 30 days is $19,193.3 and its -13.6% over the same interval. 

Bitcoin’s price [-2.11%] closed its daily candle worth $16,542.3 on Wednesday. 

Ethereum Analysis 

Ether’s price also was sent lower on Wednesday for the first time in three days and ETH’s price closed the day -$47.27.  

The ETH/USD 1D chart from @BalanceOt is the second chart on the docket for today. At the time of writing, Ether’s price is trading between the 0.00% fib level [$1,081.28] and 23.60% fib level [$1,305.22]

The following are the targets for bullish ETH traders, 23.60%, 38.20% [$1,443.76], 50.00% [$1,555.74], 61.80% [$1,667.71], and 100.00% [$2,030.19].

From the bearish perspective, they’re looking to reject bullish traders before regaining the 38.20% fib level and ETH’s former ATH from back in 2018 of $1,448. If bearish ETH traders are successful, they’ll go down and test the 0 fib level before taking aim at sending Ether’s price back to a three figure valuation. 

ETH/USD 1D chart
ETH/USD 1D chart: the price is trading between the 0.00% fib level [$1,081.28] and 23.60% fib level [$1,305.22]

Ether’s Moving Averages: 5-Day [$1,257.95], 20-Day [$1,410.01], 50-Day [$1,398.06], 100-Day [$1,466.61], 200-Day [$1,961.47], Year to Date [$2,091.62].

ETH’s 24 hour price range is $1,187.06-$1,268.67 and its 7 day price range is $1,095.18-$1,330.42. Ether’s 52 week price range is $883.62-$4,778. 

The price of ETH on this date in 2021 was $4,290.99.

The average price of ETH for the last 30 days is $1,401.02 and its -6.98% over the same interval. 

Ether’s price [-3.77%] closed its daily session on Wednesday valued at $1,206.19. 

Monero Analysis

Monero’s price bucked the macro cryptocurrency market action on Wednesday and XMR concluded its daily session +$2.7. 

The final chart for analysis this Thursday is the XMR/USD 1D chart below from LunarExpress

We can see on the daily timescale, Monero’s price is trading around the heartline of its descending channel, at the time of writing.

Bearish XMR traders want to send Monero’s price back down to test the $101 level and the bottom of its descending channel. 

Conversely, bullish XMR market participants want to break the $192 level to the upside and end the current downtrend. 

XMR/USD 1D chart
XMR/USD 1D chart: the price is trading around the heartline of its descending channel

Monero’s 24 hour price range is $126.7-$132.5 and its 7 day price range is $121.27-$134.41. XMR’s 52 week price range is $97-$289.2.  

Monero’s price on this date last year was $241.70. 

The average price of XMR over the last 30 days is $142.42 and its -5.52% over the same duration. 

Monero’s price [+2.09%] closed its daily session on Wednesday worth $131.8 and in green figures for the second time in three days.