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Bitcoin, Ethereum, FTX [FTT] Price Analyses

Bitcoin Analysis 

Wednesday’s daily session saw BTC’s price rally and regain the $41k level while concluding its daily candle +$1,068.

The BTC/USD 1D chart below from eralpbuyukaslan shows bullish traders trying to hold the $40k level and again reclaim some territory above the 0.236 fib level [$41,438.]. If they’re successful the next targets to the upside are 0.382 [$46,697.] and 0.5 [$50,947.5].

From the position of a bearish BTC market participant, they’re looking to again send BTC’s price back down to retest the $36.8k level followed by a potential trip back down to 0 [$32,937.] if they succeed at the $36,8k level. 

Bitcoin Analysis
BTC/USD 1D chart: bullish traders are trying to hold the $40k level

Bitcoin’s Moving Averages: 5-Day [$41,119.1], 20-Day [$43,669.47], 50-Day [$41,958.42], 100-Day [$44,038.29], 200-Day [$46,590.61], Year to Date [$41,576.29].

BTC’s 24 hour price range is $39,445-$41,443 and its 7 day price range is $39,445-$43,970. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $63,576. 

The average price of BTC for the last 30 days is $43,201. 

Bitcoin’s price [+2.66%] closed its daily candle worth $41,155 and in green digits for a second straight candle close. 

Ethereum Analysis 

Ether’s price traded in green figures for its daily session by nearly 3% on Wednesday and finished the day +$89.28.

The second chart we’re analyzing this Thursday is the ETH/USD 1D chart below by eralpbuyukaslan. Ether’s price is trading between the 0.236 fibonacci level [$2,796.13] and 0.382 [$3,191.87], at the time of writing. 

The 0.382 fib level is where bullish traders hope they can again swing short-term momentum in their favor. After, the next target to the upside is 0.5 [$3,511.71] and thirdly 0.618 [$3,831.56].

Bearish traders are trying to push ETH’s price below the 0.236 fib level and back down to the neckline of its current pattern.

Ethereum Analysis
ETH/USD 1D chart: the price is traded between the 0.236 fibonacci level [$2,796.13] and 0.382 [$3,191.87]
Ether’s Moving Averages: 5-Day [$3,099.57], 20-Day [$3,176.89], 50-Day [$2,954.10], 100-Day [$3,281.42], 200-Day [$3,318.62], Year to Date [$2,975.03]. 

ETH’s 24 hour price range is $2,983-$3,111 and its 7 day price range is $2,967-$3,300. Ether’s 52 week price range is $1,719-$4,878. 

The price of ETH on this date in 2021 was $2,304.

The average price of ETH for the last 30 days is $3,109. 

Ether’s price [+2.95%] closed its daily candle on Wednesday worth $3,116.93 and in green figures for back to back days. 

FTX [FTT] Analysis

FTX token’s price rose more than 2% on Wednesday and concluded its daily session +$1.09. 

The third chart we’re analyzing today is the FTT/USD 1W chart below from olliecoughland. The chart shows FTT’s price trading between the 0.618 fib level [$30.696] and 1 [$47.636] on the weekly time frame. 

The next targets for bullish FTT traders are the 1 fib level, 1.618 [$75.041] and 2.618 [$119.387]. 

Bearish traders are conversely looking to break the 0.618 fib and push FTT’s price below 0.5 [$25.46] for the first time this year. The third target to the downside for bearish traders is 0.236 [$13.756]. 

FTX [FTT] Analysis
FTT/USD 1W chart: the price is traded between the 0.618 fib level [$30.696] and 1 [$47.636]
FTX’s price is -21.38% against The U.S. Dollar for the last 12 months, +24.44% against BTC and -41.85% against ETH over the same duration, at the time of writing. 

FTT’s 24 hour price range is $41.30-$43.04 and its 7 day price range is $41.30-$46.49. FTT’s 52 week price range is $31.34-$84.18. 

FTX’s price on this date last year was $55.49.

The average price of FTT over the last 30 days is $46.34. 

FTX token’s price [+2.61%] closed its daily candle worth $42.86 on Wednesday and in green figures for a second straight day. 

R.L. Bryer
R.L. Bryerhttp://bryer.io
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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