Bitcoin ($44k), Ethereum ($2.9), Atom Price Analyses
Bitcoin ($44k), Ethereum ($2.9), Atom Price Analyses
Trading

Bitcoin ($44k), Ethereum ($2.9), Atom Price Analyses

By R.L. Bryer - 2 Mar 2022

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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 Analysis 
BTC’s price is trading between the 38.20% fib level [$42,369.53] and 50.00% [$46,593.02]

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. 

Fear and Greed
The Fear and Greed Index is 52 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]. 

Ethereum Analysis 
Ether’s price is trading between the 0.5 fib level [$2,780.97] and 0.75 [$3,019.07]
ETH’s 24 hour price range is $2,796-$3,031 and its 7 day price range is $2,336-$3,031. Ether’s 52 week price range is $1,446-$4,878. 

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 Analysis
ATOM’s price is bumping up against the $31 level

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.

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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