Bitcoin ($41.8k), Ethereum ($3.1k), Cosmos Price Analyses
Bitcoin ($41.8k), Ethereum ($3.1k), Cosmos Price Analyses
Trading

Bitcoin ($41.8k), Ethereum ($3.1k), Cosmos Price Analyses

By R.L. Bryer - 10 Jan 2022

Chevron down
Listen this article
download

Bitcoin Analysis 

Bitcoin’s price finished marginally in green figures to cap the week’s final daily candle and finished Sunday +$171. 

Today’s first analysis is of the BTC/USD 1D chart below from OptimoomFX. Traders will note that bears are in momentum of BTC’s price action and have broken a number of important support levels for bullish traders to this point. Bitcoin’s price made its all-time high November 10th and since that double-top on the chart its -38.3%.

The chartist posits a break of $40k on the daily timescale will likely bring BTC’s price back down to test the $30k level over time. If bulls wish to reclaim a bit of momentum and send BTC’s price back upward in the interim, bulls first need to reclaim the $45,745 level with a secondary target of the $47,903 level.

Bitcoin Analysis 
Bitcoin price has broken a number of important support levels 

Another timescale we’ll look at is the BTC/USD 4HR chart from cnt_trading and it shows BTC’s price attempting a correction wave upward before further potential price action to the downside. Bullish traders are trying to again hold 0.00 [$40,616.5] and pivot to the upside.

Conversely, bearish bitcoin traders are attempting to break that fib level and send BTC’s price back to the $30k level.

Bitcoin Analysis
BTC’s price is attempting a correction upward before further potential price downside

The Fear and Greed Index is 23 Extreme Fear and is equal to Sunday’s  reading. 

Fear and Greed
Fear and Greed index is in Extreme Fear zone

Bitcoin’s Moving Averages: 20-Day [$47,329.22], 50-Day [$53,944.01], 100-Day [$52,618.55], 200-Day [$47,902.78], Year to Date [$44,181.50].  

BTC’s 24 hour price range is $40,734-$42,702 and its 7 day price range is $40,655-$47,507. Bitcoin’s 52 week price range is $28,991-$69,044. 

The price of bitcoin on this date last year was $38,397. 

The average price of BTC for the last 30 days is $47,213. 

Bitcoin [+0.41%] closed its daily candle worth $41,850 and in positive figures for a second straight day.

Ethereum Analysis 

Ether’s price climbed a bit higher before it’s weekly candle closed and finished Sunday’s daily candle +$70.76. 

YerwantKansabedian’s ETH/USD 1D chart below shows Ether bulls trying to hold 0.00% [$2,987.60]. The 38.20% fib level [$3,333.22] is currently acting as overhead resistance for bulls with a secondary target of the 50.00% fib level [$3,439.98].

Ethereum Analysis 
Ether resistance at 3.300 dollars

Ether’s Moving Averages: 20-Day [$3,827.17], 50-Day [$4,174.60], 100-Day [$3,841.15], 200-Day [$3,205.88], Year to Date [$3,551.40].

ETH’s 24 hour price range is $3,018-$3,227 and its 7 day price range is $3,018-$3,895. Ether’s 52 week price range is $984.99-$4,878.26. 

The price of ETH on this date in 2020 was $1,267.

The average price of ETH for the last 30 days is $3,820. 

Ether [+2.3%] closed its daily candle on Sunday worth $3,150.42 and broke a streak of four straight daily candle closes in red figures. 

Cosmos Analysis

ATOM’s price sold-off to lower prices for the third straight day on Sunday and finished its daily candle -$.85.

The COSMOS/USD 4HR chart below from Steve0verton illuminates the double-top that ATOM’s price action has formed. Bullish Cosmos traders have support at the $35 level and below that the $31.66 level.

Bearish COSMOS traders have a different perspective and are trying to break those levels and send ATOM’s price back down to start testing longer moving averages. Below the $31.66 level is the $26.58 level and lastly the $21.25 level before a potential trip back to the teens ultimately. 

Cosmos Analysis
Double top for ATOM’s price

ATOM’s price is +436.3% against The U.S. Dollar for the last 12 months, +421.3% against BTC, and +110.9% against Ether over the same duration.

ATOM’s 24 hour price range is $34.54-$38.1 and its 7 day price range is $34.48-$43.98. ATOM’s 52 week price range is $5.04-$44.42. 

The price of Cosmos on this date last year was $6.46.

The average price for ATOM over the last 30 days is $28.98. 

Cosmos [-2.37%] closed its daily candle on Sunday valued at $34.99. 

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.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.