Bitcoin price Analyses
Bitcoin’s price closed in red figures for the third time over the last four days on Sunday and concluded its daily session -$701.10.
If bullish BTC market participants lose the current trend line to the downside, the next major support for bullish traders on the 4HR timescale is $36,5k.
Bitcoin bulls also have overhead resistance at the $42,5k level that if overcome could at least in the short-term stall bearish momentum.
The Fear and Greed Index is 24 Extreme Fear and is -4 from Sunday’s reading of 28 Fear.
Bitcoin’s Moving Averages: 5-Day [$40,190.95], 20-Day [$43,630.92], 50-Day [$42,040.75], 100-Day [$43,726.13], 200-Day [$46,667.77], Year to Date [$41,557.30].
BTC’s 24 hour price range is $39,659-$40,593 and its 7 day price range is $39,445-$42,349. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $60,273.
The average price of BTC for the last 30 days is $43,312.
Bitcoin’s price [-1.74%] closed its daily candle worth $39,707.6 and is -3% for the last 30 days.
Ethereum price Analyses
Ether’s price didn’t experience much volatility over the Easter weekend and finished Sunday’s daily session -$69.63 and back below the $3k level.
The second chart we’re looking at today is the ETH/USD 1D chart below by abumartino1. ETH’s price is trading between the 1 fibonacci level [$2,799.48] and 1.618 [$3,188.18], at the time of writing.
The targets for bullish ETH traders to the upside are 1.618, 2.618 [$3,817.15], 3.618 [$4,446.11], and 4.236 [$4,834.81].
Bearish Ether traders have a primary target of the 1 fib level with a secondary target of 0.618 [$2,559.22]. If they’re successful at 0.618 the third target to the downside of the chart is 0.5 [$2,485.00] and the fourth target is 0.5 [$2,485.00].
Ether’s Moving Averages: 5-Day [$3,026.26], 20-Day [$3,195.28], 50-Day [$2,964.28], 100-Day [$3,256.93], 200-Day [$3,327.90], Year to Date [$2,977.37].
ETH’s 24 hour price range is $2,988-$3,077 and its 7 day price range is $2,967-$3,206. Ether’s 52 week price range is $1,719-$4,878.
The price of ETH on this date in 2021 was $2,345.
The average price of ETH for the last 30 days is $3,163.
Ether’s price [-2.28%] closed its daily session on Sunday worth $2,989.19 and in red figures for the first time in three days.
Chainlink price Analyses
Chainlink’s price sold-off lower on Sunday with the majority of the market and concluded the day -$0.41.
The LINK/USD 1W chart below from Sporia shows LINK’s price trading inside a descending triangle.
The target for a potential pattern completion zone and maybe the most probable bottom for LINK’s price in a bear market is between $7.29 and $9.5.
Chainlink’s price is -66.3% against The U.S. Dollar for the last 12 months, -49.27% against BTC, and -73.64% against ETH over the same duration, at the time of writing.
Chainlink’s Moving Averages: 5-Day [$13.84], 20-Day [$15.68], 50-Day [$15.26], 100-Day [$18.10], 200-Day [$22.04], Year to Date [$17.11].
Chainlink’s 24 hour price range is $13.73-$14.6 and its 7 day price range is $13.43-$15.16. LINK’s 52 week price range is $11.42-$52.7.
Chainlink’s price on this date last year was $40.07.
The average price of LINK over the last 30 days is $15.60.
Chainlink’s price [-2.90%] closed its daily session worth $13.73 and in red figures on Sunday for the first time in three daily candle closes.