Bitcoin, Ethereum, Sand Price Analyses
Bitcoin, Ethereum, Sand Price Analyses
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Bitcoin, Ethereum, Sand Price Analyses

By R.L. Bryer - 28 Mar 2022

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Bitcoin Analysis 

Bitcoin’s price had its highest daily candle close since January 2nd  on Sunday and concluded its daily session +$2,299.6. 

BTC’s price also closed at its highest level since December 27th, 2021 on the weekly time frame on Sunday.

The first chart we’re analyzing today is the BTC/USD 1D chart below from kurniawansuccess. BTC’s price is trading at the top of an ascending wedge pattern. 

Bullish BTC market participants are looking to break out of its current channel to the upside at the $44,660 level and then go and test the top of its current range at $47,409.72.

Bearish traders are looking for the opposite result and aiming to send BTC’s price back down to test the bottom of its current wedge pattern at the $39k level.

Bitcoin Analysis 
Bitcoin is trading between $44,660 and $47,409.72

The Fear and Greed Index is 60 Greed and is +11 from Sunday’s reading of 49 Neutral. 

Fear and Greed
The Fear and Greed Index is 60 (Greed)

Bitcoin’s Moving Averages: 5-Day [$42,924.20], 20-Day [$41,199.27], 50-Day [$40,471.09], 100-Day [$46,261.83], 200-Day [$45,908.73], Year to Date [$40,908.00]. 

BTC’s 24 hour price range is $44,413-$46,836 and its 7 day price range is $40,733-$46,836. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $55,728. 

The average price of BTC for the last 30 days is $41,507. 

Bitcoin’s price [+5.16%] closed at its highest level on Sunday and worth $46,836. 

Ethereum Analysis 

Ether’s price had its highest weekly candle close since January 10th and finished its daily session on Sunday +$149.57.

The ETH/USD 1D chart below by thefinancialartist shows Ether’s price trading between 0.382 [$3,012.48] and 0.5 [$3,273.60]. Bullish Ether market participants are aiming at targets overhead of 0.5, 0.618 [$3,534.72] and 1 [$4,380.64].

Conversely, bearish ETH market participants want to push ETH’s price lower to test the 0.382 fib level and again back below an important psychological level at $3k.

Ethereum Analysis
Ether’s price trading between 0.382 [$3,012.48] and 0.5 [$3,273.60] fibonacci level
Ether’s Moving Averages: 5-Day [$3,025.87], 20-Day [$2,795.04], 50-Day [$2,809.86], 100-Day [$3,431.05], 200-Day [$3,242.03], Year to Date [$2,908.78].

ETH’s 24 hour price range is $3,128-$3,295.65 and its 7 day price range is $2,841-$3,295.65. Ether’s 52 week price range is $1,687-$4,878. 

The price of ETH on this date in 2021 was $1,689. 

The average price of ETH for the last 30 days is $2,825. 

Ether’s price [+4.75%] closed its daily candle worth $3,295.65 on Sunday and in green figures for the twelfth time over the last fourteen days.

Sand Analysis

The Sandbox’s price closed Sunday’s daily candle up over 5% and +$0.1805.

The SAND/USDT 1D chart below from topcryptocoach shows SAND’s price also bumping up against the top of its current structure and looking to break out to the upside. 

Bullish targets to the upside upon a breakout are $4.23, $5.56, and $7.79. From the perspective of bears, they just want another opportunity to test support at the $2.76 level. 

Sand Analysis
SAND’s price also bumping up against the top of its current structure

Sandbox’s price is +418.8% against The U.S. Dollar for the last 12 months, +535% against BTC, and +175.8% against ETH over the same duration, at the time of writing.

SAND’s 24 hour price range is $3.32-$3.57 and its 7 day price range is $3.03-$3.57. SAND’s 52 week price range is $0.721-$8.4. 

SAND’s price on this date last year was $0.80. 

The average price of SAND over the last 30 days is $3.09. 

The Sandbox’s price [+5.31%] closed its daily candle worth $3.57 on Sunday and in green figures for the fifth time over the last six days.

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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