Bitcoin (40k), Ethereum (3k), XRP Price Analyses
Bitcoin (40k), Ethereum (3k), XRP Price Analyses
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Bitcoin (40k), Ethereum (3k), XRP Price Analyses

By R.L. Bryer - 13 Apr 2022

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Bitcoin Analysis 

Bitcoin’s price bounced on Tuesday +$522 and broke a streak of two straight days of selling that took BTC’s price lower by 7.6% over a 48 hour span.

The BTC/USD 1W chart below by XRP-Jonny shows BTC’s price trading inside a rising channel but at the bottom of that channel and forming a textbook bull flag. BTC’s price is trading between the 0.786 fibonacci level [$39,597.46] and the 0.702 fib level [$40,383.23]. 

The targets for bullish BTC traders are 0.702, 0.618 [$41,168.99] and 0.5 [$42,272.81]. 

For bearish traders, they’re looking to snap the 0.786 with candle close confirmation on the weekly timescale. A secondary target of 1 [$37,595.62] is next up for bearish traders with a third target of 1.618 [$31,814.61].

Bitcoin Analysis 
BTC/USD 1W chart: the price is traded between the 0.786 fibonacci level [$39,597.46] and the 0.702 fib level [$40,383.23]
The Fear and Greed Index is 25 Extreme Fear and is +5 from Tuesday’s reading of 20 Extreme Fear.

Fear and Greed
Fear and Greed Index is 25 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$41,972.05], 20-Day [$43,751.21], 50-Day [$41,904.41], 100-Day [$44.215.47], 200-Day [$46,565.23], Year to Date [$41,603.45].

BTC’s 24 hour price range is $39,443-$40,659 and its 7 day price range is $39,443-$46,014. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $59,911. 

The average price of BTC for the last 30 days is $43,121. 

Bitcoin’s price [+1.32%] closed its daily candle worth $40,087 on Tuesday. 

Ethereum Analysis 

Ether’s price finished just marginally better than BTC’s price by percentage points on Tuesday and concluded its daily session +$49.57.

The ETH/USD 1W chart below from Griffin0318 shows Ether’s price trying to hold the $3k level on the weekly time frame.

If bullish Ether traders are unable to send ETH’s price back above the $3,600 level in the coming weeks and ETH’s price fails to hold its current trend line, it becomes increasingly probabilistic that a major breakdown to the downside could be forthcoming. 

If that event occurs it could send Ether’s price back to a level near ETH’s former ATH of $1,300-$1,400.

Of course, if ETH bears do fail to push ETH’s price below the $3k level and bulls hold-on to that level as support and rally, a new all-time high for ETH could be the result. 

Ethereum Analysis 
ETH/USD 1W chart shows Ether’s price trying to hold the $3k level

Ether’s Moving Averages: 5-Day [$3,145.45], 20-Day [$3,165.45], 50-Day [$2,947.05], 100-Day [$3,293.98], 200-Day [$3,315.42], Year to Date [$2,974.64]. 

ETH’s 24 hour price range is $2,961-$3,080 and its 7 day price range is $2,961-$3,463. Ether’s 52 week price range is $1,719-$4,878. 

The price of ETH on this date in 2021 was $2,142.48.

The average price of ETH for the last 30 days is $3,092.63. 

Ether’s price [+1.66%] closed its daily candle on Tuesday worth $3,027.65.

XRP Analysis

XRP’s price had the best day of the lot in today’s article and concluded its daily candle up almost 3% and +$.021.

The XRP/USD 1D chart below from btgraph shows XRP’s price trading between 0.236 [$0.64584] and 0.382 [$0.89731], at the time of writing. 

The primary target for bullish XRP traders is 0.382 followed by 0.5 [$1.10055] and a third target of 0.618 [$1.30380].

Bearish XRP traders are looking to push XRP’s price below the 0.236 fib level with a secondary target back below $0.50.

XRP Analysis
XRP/USD 1D chart: the price is traded between 0.236 [$0.64584] and 0.382 [$0.89731]
XRP’s Moving Averages: 5-Day [$0.744], 20-Day [$0.809], 50-Day [$0.776], 100-Day [$0.797], 200-Day [$0.895], Year to Date [$0.758]. 

XRP’s 24 hour price range is $0.686-0.721 and its 7 day price range is $0.686-$0.823. XRP’s 52 week price range is $0.517-$1.94. 

XRP’s price on this date last year was $1.46.

The average price of XRP over the last 30 days is $0.803. 

XRP’s price [+2.98%] closed its daily session on Tuesday valued at $0.715.

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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