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Bitcoin, Ethereum, Binance Coin Price Analyses
Bitcoin, Ethereum, Binance Coin Price Analyses
Trading

Bitcoin, Ethereum, Binance Coin Price Analyses

By R.L. Bryer - 8 Mar 2022

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Bitcoin Analysis 

Bitcoin’s price was sent lower on Monday and BTC market participants settled up with BTC’s price finishing -$398 on the day. 

The first chart we’re looking over today is the BTC/USD 1D chart below from stikytrading. BTC’s price is trading between 0.00% [$35,044.48] and 23.60% [$42,726.84], at the time of writing.

Bullish BTC market participants have taken aim back at the 23.60% fib level with a secondary target of 38.20% [$47,479.49] and a third target of 50.00% [$51,320.67].

For bearish BTC market participants their path to sub $30k bitcoin is rejecting the 23.60% fib level and then snapping the $35k level to the downside on the daily time frame. 

Bitcoin Analysis
BTC’s price is trading between 0.00% [$35,044.48] and 23.60% [$42,726.84]
The Fear and Greed Index is 21 Extreme Fear and -2 from Monday’s reading of 23 Extreme Fear. 

Fear and Greed
The Fear and Greed Index is 21 Extreme Fear

Bitcoin’s Moving Averages: 20-Day [$41,229.80], 50-Day [$41,435.95], 100-Day [$49,206.72], 200-Day [$45,628.77], Year to Date [$40,943.61].

BTC’s 24 hour price range is $37,275-$39,455 and its 7 day price range is $37,275-$44,790. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $52,328. 

The average price of BTC for the last 30 days is $40,955. 

Bitcoin’s price [-1.04%] closed its daily candle worth $38,039 and in red figures on Monday for the fifth time over the last six days.

Ethereum Analysis 

Ether’s price also sold-off to lower prices on Monday and concluded its daily session -$56.87.

The second chart we’re analyzing today is the ETH/USD 1D chart from stikytrading. ETH’s price is trading between the 0.00% fib level [$2,410.86] and 23.60% fib level [$2,978.36], at the time of writing.

Bullish Ether traders are seeking to break the 23.60% fib level to the upside with a secondary target of 38.20% [$3,329.44] and a third target of 50.00% [$3,613.19]. 

Conversely, bearish Ether market participants are seeking to break the $2,4k level to the downside and push ETH’s price below the $2k level for the first time in over seven months. 

Ethereum Analysis 
ETH’s price is trading between the 0.00% fib level [$2,410.86] and 23.60% fib level [$2,978.36]
Ether’s Moving Averages: 20-Day [$2,850.90], 50-Day [$3,004.35], 100-Day [$3,632.98], 200-Day [$3,222.84], Year to Date [$2,940.40]. 

ETH’s 24 hour price range is $2,458-$2,645 and its 7 day price range is $2,458-$3,020. Ether’s 52 week price range is $1,558-$4,878. 

The price of ETH on this date in 2021 was $1,837.

The average price of ETH for the last 30 days is $2,831. 

Ether’s price [-2.23%] closed its daily candle on Monday worth $2,492.53 and in red digits for the fifth time over the last six daily candle closes. 

Binance Coin Analysis

Binance Coin’s price was immune to the macro cryptocurrency market’s price action on Monday and finished the day in green figures [+$6.10].

The third and final chart we’re looking at for Tuesday is the BNB/USD 4HR chart below from jermetrixsz. BNB’s price is trading between 100% [$323.5] and 78.60% [$397.3], at the time of writing.

Traders of BNB that foresee further upside potential over the short-term are eyeing the 78.60% fib level as a primary target. A secondary target for bullish BNB traders is 61.80% [$455.2] with a third target of 50.00% [$495.8].

Bearish BNB traders are looking for the opposite outcome and trying to push BNB’s price below the $323 level and then back down to test a psychological resistance at $300 on the 4HR timescale.

Binance Coin Analysis
BNB’s price is trading between 100% [$323.5] and 78.60% [$397.3], at the time of writing
Binance Coin’s Moving Averages: 20-Day [$403.00], 50-Day [$463.40], 100-Day [$502.89], 200-Day [$435.10], Year to Date [$433.27].

Binance Coin’s 24 hour price range is $364.96-$384.76 and its 7 day price range is $364.96-$416.91. BNB’s 52 week price range is $223.77-$686.31. 

Binance Coin’s price on this date last year was $240.62.

The average price of BNB over the last 30 days is $393.91. 

Binance Coin’s price [+1.63%] closed its daily session worth $381.10 on Monday.

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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