Bitcoin ($42k), Ethereum ($2.8k), Dogecoin Price Analyses
Bitcoin ($42k), Ethereum ($2.8k), Dogecoin Price Analyses
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Bitcoin ($42k), Ethereum ($2.8k), Dogecoin Price Analyses

By R.L. Bryer - 14 Feb 2022

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Bitcoin Analysis 

Bitcoin’s price sold off to lower prices for the fourth consecutive day and closed its daily candle on Sunday -$148.1. 

The first chart we’re analyzing today is the BTC/USD 4HR chart below from holeyprofit. After rejecting a full retracement on the 4HR timescale at $45,895.42, BTC’s price trended lower over the weekend.

Now bitcoin bulls are trying to hold the 0.786 fib level [$41,944.78] and then regain the 0.618 [$42,789.19]. If they can reclaim the 0.618, they’ve got a secondary target of 0.382 [$42,975.39] before a retest of the $46k level.

Bearish BTC market participants are conversely looking to push BTC’s price below the 0.786 level and retest 1 [$40,869.16]. If they’re successful, they’ve got a third target of 1.272 [$39,502.02]. The last target to the downside on this 4HR chart for bears to target is 1.618 [$37,762.93].

Bitcoin Analysis
BTC’s price trended lower over the weekend

 

The Fear & Greed Index is 46 Fear and +2 from Sunday’s reading of 44 Fear. 

Fear and Greed
The Fear and Greed Index is 46 Fear

Bitcoin’s Moving Averages: 20-Day [$39,931.44], 50-Day [$44,134.77], 100-Day [$51,028.21], 200-Day [$45,844.48], Year to Date [$41,129.14].

BTC’s 24-hour price range is $41,913-$42,751 and its 7-day price range is $41,652-$45,481. Bitcoin’s 52-week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $48,607. 

The average price of BTC for the last 30 days is $40,258. 

Bitcoin’s price [-0.35%] closed its daily candle worth $42,091 on Sunday. 

Ethereum Analysis 

Ether’s price also dropped on Sunday for a fourth consecutive day and closed its daily session -$45.86.

The second chart we’re examining today is the ETH/USD 1D chart below from Rawlings_NG. Bullish Ether traders lost the $3k level over the weekend and failed to hold support at the 0.618 [$2,928.01] during Sunday’s session. The next support for bullish traders is the 0.786 [$2,402.21]. Below that level is the last line of support before a dramatic markdown in the price for Ether all the way down at 1 [$1,732.11].

If bullish traders can somehow fend off bears and continue the recent uptrend, they need to pivot and reclaim the $3k level before flipping 0.5 [$3,297.32] from resistance to support. Bullish traders have targets then of 0.382 [$3,666.64] and of 0.236 [$4,123.58].

Ethereum Analysis
Bullish Ether traders lost the $3k level

Ether’s Moving Averages: 20-Day [$2,830.21], 50-Day [$3,412.40], 100-Day [$3,731.39], 200-Day [$3,249.67], Year to Date [$3,021.25].

ETH’s 24-hour price range is $2,853-$2,979 and its 7-day price range is $2,853-$3,261. Ether’s 52-week price range is $1,353-$4,878. 

The price of ETH on this date in 2021 was $1,804.

The average price of ETH for the last 30 days is $2,873. 

Ether’s price [-1.57%] closed its daily candle on Sunday, worth $2,871.02.

Dogecoin Analysis

Dogecoin’s price was one of the positive outliers on Sunday and snapped three consecutive days of selling. DOGE closed its daily candle yesterday +$0.004.

The third chart we’re analyzing today is the DOGECOIN/USD 1D chart below from abrecombie-no-fitch. DOGE’s price is currently trading between two levels and ranging between $0.14-$0.18. 

Bitcoin bulls are trying to hold support at the 0.886 fib level [$0.121]. They’re targeting a break to the upside of the 0.786 [$0.191] with a secondary target of 0.618 [$0.25] and the third target of 0.786 [$0.293].

Dogecoin Analysis
DOGE price is trading in between $0.14-$0.18

Dogecoin Moving Averages: 20-Day [$0.149], 50-Day [$0.162], 100-Day [$0.201], 200-Day [$0.24], Year to Date [$0.153].

Dogecoin’s 24-hour price range is $0.142-$0.156, and its 7-day price range is $0.142-$0.168. DOGE’s 52-week price range is $0.044-$0.731. 

Dogecoin’s price on this date last year was $0.062.

The average price of DOGE over the last 30 days is $0.151. 

Dogecoin’s price [+2.63%] closed its daily session on Sunday, valued at $0.148. 

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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