Summary
Bitcoin Analysis
Bitcoin’s price climbed higher on Tuesday for the second consecutive day and finished +$1,240.
The first chart we’re analyzing today is the BTC/USD 1W chart below from Ronbaten. BTC’s price is back trading between the 38.20% fib level [$42,369.53] and 50.00% [$46,593.02], at the time of writing.
Bullish BTC traders are eyeing a break of the 50.00% fib level with a secondary target of 61.80% [$50,816.51] and third target of 78.60% [$56,829.61].
Bearish bitcoin market participants are conversely hoping they’re indeed setting up a bull-trap and that they can again push BTC’s price below the 38.20% fib level with a secondary target of 0.00% [$28,696.88].
Bitcoin’s Moving Averages: 20-Day [$40,993.65], 50-Day [$42,205.64], 100-Day [$49,957.02], 200-Day [$45,557.55], Year to Date [$40,954.78].
The Fear and Greed Index is 52 Neutral and -1 from Tuesday’s reading of 51 Neutral.
BTC’s 24 hour price range is $41,121-$44,755 and its 7 day price range is $34,740-$44,694. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $48,532.
The average price of BTC for the last 30 days is $40,869.
Bitcoin’s price [+2.87%] closed its daily candle worth $44,442 on Tuesday.
Ethereum Analysis
Ether’s price closed its daily session +$53.31 and in green digits for the second day in a row on Tuesday.
The second chart we’re looking at today is the ETH/USD 1D chart from ETTICYS. Ether’s price is trading between the 0.5 fib level [$2,780.97] and 0.75 [$3,019.07], at the time of writing.
Traders that want to see Ether break out to the upside are aiming firstly for 0.75 fib with a secondary target of 1 [$3,257.17]. Traders that are short ETH are looking for the opposite outcome and hoping to again snap the 0.5 fib to the downside with a secondary target of 0.25 [$2,542.87] and third target and full retracement at 0 [$2,304.77].
The price of ETH on this date in 2021 was $1,497.
The average price of ETH for the last 30 days is $2,857.
Ether’s price [+1.82%] closed its daily candle on Tuesday valued at $2,975.66.
Atom Analysis
The price of COSMOS concluded its daily session in red digits on Tuesday and -$0.24.
The third project we’re analyzing today is ATOM and more specifically the ATOM/USD 1D chart from kevtrinh. ATOM’s price is bumping up against the $31 level, at the time of writing and bullish traders have their sights set on the $37.62 level on the daily timescale.
From the perspective of bearish ATOM traders they’re hoping to reverse course back below the $30 level with a target of $29.01 on the daily time frame in the interim.
ATOM’s 24 hour price range is $29.11-$32.83 and its 7 day price range is $22.07-$32.83. ATOM’s 52 week price range is $8.33-$44.45.
ATOM’s price on this date last year was $18.90.
The average price of COSMOS over the last 30 days is $28.16.
ATOM’s price [-0.76%] closed its daily candle on Tuesday worth $31.12.
