Bitcoin, Ethereum, Fantom Price Analyses
Bitcoin, Ethereum, Fantom Price Analyses
Trading

Bitcoin, Ethereum, Fantom Price Analyses

By R.L. Bryer - 3 Jan 2022

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Bitcoin Analysis 

Bitcoin’s price closed Sunday’s daily candle -$441 and split its price action over the weekend between positive figures on Saturday and negative figures on Sunday to close the week’s final daily candle.

The BTC/USD 1M chart below from SkyRocketTrading shows BTC’s price closed below an important level on the monthly timescale. BTC’s price failed to close above the 0.5 fib level [$49,183.9] to close the monthly timescale and is now trading below its 30 day average price of $48,962.

The next level of support for BTC bulls is the 0.618 fib [$44,436.4] and if they fail to hold the 0.618 level then the 0 fib [$41,204.6]. 

Conversely, if bulls do manage a rally and hold off bearish traders before a trip to test the $44k level, they’ll need to reclaim $50k before a test of the 0.5 fib extension [$55,140.3]. 

Bitcoin Analysis 
BTC levels

The Fear and Greed Index is 29 Fear and even from yesterday’s reading of 29 Fear. 

Fear and Greed Index
The Fear and Greed Index is 29

 

Bitcoin’s Moving Averages: 20-Day [$48,643.22], 50-Day [$55,676.02], 100-Day [$52,718.13], 200-Day [$48,260.16], Year to Date [$47,402.47].

BTC’s 24 hour price range is $46,756-$48,011 and its 7 day price range is $45,921-$51,956. Bitcoin’s 52 week price range is $28,991-$69,044. 

The price of bitcoin on this date last year was $32,163.82. 

The average price of BTC for the last 30 days is $48,954.6. 

Bitcoin [-0.92%] closed its daily candle worth $47,314 and in red digits on Sunday.

Ethereum Analysis 

Ether’s price finished its daily candle on Sunday +$65.88 and is +414.3% for the last 12 months.  

Today we’re looking at the ETH/USD 1D chart below from Tumendelgerjav. Ether’s price is trying to hold the 0.5 fib level [$3,772.05] and bulls are hoping they can reverse course back to the upside and reclaim the 0.618 fib level [$4,033.93]. 

If bullish traders fail to swing momentum back to their possession the next support below is the 0.382 fib level [$3,510.65].  Below the .382 bulls have one last line of major support at the 0.236 [$3,186.17].

Ethereum Analysis 
Ether’s fib levels

Ether’s Moving Averages: 20-Day [$3,999.13], 50-Day [$4,241.18], 100-Day [$3,820.18], 200-Day [$3,165.33], Year to Date [$2,781.38].

ETH’s 24 hour price range is $3,720-$3,852 and its 7 day price range is $3,622-$4,123. Ether’s 52 week price range is $774.56-$4,878.26. 

The price of ETH on this date in 2020 was $967.

The average price of ETH for the last 30 days is $4,012.22. 

Ether [+1.75%] closed its daily candle on Sunday worth $3,831.24 and has closed in green digits for two consecutive days.

Fantom Analysis

Fantom’s price pulled back slightly on Sunday [-$.1] but is +71.6% for the last 14 days, at the time of writing. 

The FTM/USD 4HR chart below from ja88ja8 illuminates the potential reversal that bulls are hoping is underway. If FTM bulls can again push FTM’s price above the $2.61 level there could be further upside still ahead and a longer bull trend emerging. 

If bulls do fail to reclaim the $2.61 level then bearish FTM traders could again test the $2.11 level again over time. 

Fantom Analysis
Fantom’s price can go further upside

Fantom’s price against The U.S. Dollar for the last 12 months is +15,400%, against BTC is +10,100%, and against ETH is 2,981% over the same duration.

Fantom’s 24 hour price range is $2.46-$2.6 and its 7 day price range is $2.05-$2.6. FTM’s 52 week price range is $.0162-$3.46. 

FTM’s price on this date last year was $.0186.

The average price for FTM over the last 30 days is $1.76. 

Fantom [-3.81%] had a daily candle close valued at $2.48 on Sunday and broke a streak of closes in green figures over the two days prior.

R.L. Bryer

Since 2009, the onset of the bitcoin network, R.L. Bryer has been covering the space. He is the author of Blockchain: Project Renaissance Volume I and II. He's also been the guest of countless bitcoin and cryptocurrency related podcasts throughout the world. Every opportunity, he speaks on or writes about Austrian Economics and how bitcoin is the world's preeminent money.

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