Summary
Bitcoin Analysis
Bitcoin’s price concluded its daily session in green figures for a second consecutive day on Wednesday and finished +$512 for the day.
The first chart we’re analyzing today is the BTC/USD 1D chart below from Pharmlord. BTC’s price is trading between the 0.382 fib level [$42,331.87] and 0.5 fib level [$42,879.30], at the time of writing.
The overhead targets for bullish BTC traders are the 0.5 fib level, 0.618 [$43,426.3] and 0.786 [$44,306.13] over the short-term on the daily timescale.
Bearish BTC traders are obviously eyeing to end BTC’s recent rally here and reverse course to the downside sooner than later. Targets to the downside for bearish BTC market participants are 0.382, 0.236 [$41,654.53] and 0 [$40,559.67].
The Fear and Greed Index is 40 Fear and is +9 from Wednesday’s reading of 31 Fear.
BTC’s 24 hour price range is $41,868-$42,709 and its 7 day price range is $40,445-$42,994. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $54,584.
The average price of BTC for the last 30 days is $40,287.
Bitcoin’s price [+1.21%] closed its daily candle worth $42,882 on Wednesday.
Ethereum Analysis
Ether’s price closed its daily session Wednesday in green figures for the ninth time over the last ten days and capped off its daily candle +$66.46.
The ETH/USD 1D chart below timur369 shows Ether’s price bumping up against the top of the triangle pattern it’s been trading within for much of 2022. The price to breach for bullish Ether traders is $3,010 to break out of the triangle pattern to the upside.
Ether’s Moving Averages: 5-Day [$2,937.51], 20-Day [$2,752.44], 50-Day [$2,817.92], 100-Day [$3,458.72], 200-Day [$3,233.71], Year to Date [$2,902.19].
ETH’s 24 hour price range is $2,933-$3,037 and its 7 day price range is $2,757-$3,037. Ether’s 52 week price range is $1,558-$4,878.
The price of ETH on this date in 2021 was $1,581.
The average price of ETH for the last 30 days is $2,733.
Ether’s price [+2.24%] closed its daily candle worth $3,036.14 on Wednesday.
Dogecoin Analysis
Dogecoin’s price also closed higher on Wednesday and finished its daily candle +$0.0074.
The third chart we’re analyzing today is the DOGE/USD 1W chart below from BullnBear_Markets. DOGE’s price is attempting to hold the 0.786 fib level [$0.1128] on the weekly time frame, at the time of writing.
The target to the upside on the weekly time frame for bullish Dogecoin traders is 1 [$0.7487]. For bearish traders, they’re seeking to push DOGE’s price below the 0.786 fib level with the following targets of 0.618 [$0.0255], and 0.5 [$0.0090].
Dogecoin’s price is +140.6% against The U.S. Dollar for the last 12 months, +218.5% against BTC and +39.48% against ETH over the same duration.
Dogecoin’s Moving Averages: 5-Day [$0.121], 20-Day [$0.121], 50-Day [$0.137], 100-Day [$0.168], 200-Day [$0.205], Year to Date [$0.140].
Dogecoin’s 24 hour price range is $0.121-$0.129 and its 7 day price range is $0.114-$0.129. Doge’s 52 week price range is $0.05-$0.73.
Dogecoin’s price on this date last year was $0.051.
The average price of DOGE over the last 30 days is $0.121.
Dogecoin’s price [+6.05%] closed its daily session worth $0.1298 on Wednesday.
