Bitcoin, Ethereum, ApeCoin Price Analyses
Bitcoin, Ethereum, ApeCoin Price Analyses
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Bitcoin, Ethereum, ApeCoin Price Analyses

By R.L. Bryer - 28 Apr 2022

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Bitcoin Analysis 

Bitcoin’s price finished Wednesday’s daily candle back in green figures and +$1,124.  

The BTC/USD 1D chart below from Ulyts shows BTC’s price trading between the 50.00% fibonacci level [$36,096.43] and 38.20% fib level [$43,859.54], at the time of writing. 

The targets to the upside for bullish BTC traders are 38.20%, and 23.60% [$53,464.74. Conversely, the targets to the downside for bearish BTC market participants are 50.00%, 61.80% [$28,333.33], and 78.60% [$17,80.77]. 

Bitcoin Analysis 
BTC/USD 1D chart: the price is traded between the 50.00% fibonacci level [$36,096.43] and 38.20% fib level [$43,859.54]
The Fear and Greed Index is 24 Extreme Fear and is +3 from Wednesday’s  reading of 21 Extreme Fear. 

Fear and Greed
The Fear and Greed Index is 24 Extreme Fear

BTC’s 24 hour price range is $38,370-$38,551 and its 7 day price range is $38,111-$42,736. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $54,991. 

The average price of BTC for the last 30 days is $42,512. 

Bitcoin’s price [+2.95%] closed its daily candle worth $39,263 on Wednesday and has closed in green figures for three of the last four days.

Ethereum Analysis 

Ether’s price also finished in green figures by greater than 2% on Wednesday and concluded its daily session +$78.60. 

The second chart we’re analyzing today is the ETH/USD 1D chart below by xtremerider8. Ether’s price is trading between the 0.786 fibonacci level [$2,391.58] and 0.618 [$2,922.36], at the time of writing. 

Optimistic Ether traders are targeting 0.618 followed by 0.50 [$3,295.17], 0.382 [$3,667.99] and 0.236 [$4,129.26].

From the bearish perspective, bearish Ether traders are looking at the 0.786, 0.854 [$2,176.74] and1 [$1,715.47].

Ethereum Analysis 
ETH/USD 1D chart: the price is traded between the 0.786 fibonacci level [$2,391.58] and 0.618 [$2,922.36]
Ether’s Moving Averages: 5-Day [$2,938.29], 20-Day [$3,121.35], 50-Day [$2,947.77], 100-Day [$3,141.30], 200-Day [$3,370.53], Year to Date [$2,978.09].

ETH’s 24 hour price range is $2,833-$2,909 and its 7 day price range is $2,811-$3,167. Ether’s 52 week price range is $1,719-$4,878. 

The price of ETH on this date in 2021 was $2,647. 

The average price of ETH for the last 30 days is $3,158.58. 

Ether’s price [2.80%] closed its daily candle on Wednesday worth $2,888.94.  

Apecoin Analysis

ApeCoin’s price had the best close of the lot for Wednesday’s analyses and APE finished its daily session up more than 7% and +$1.36. 

The third chart we’re analyzing today is the APE/USD 1D chart below from pvnkb1tch. ApeCoin’s price is trading between the 0.236 [$16.64] and 1 [$19.40], at the time of writing. 

While the bulk of cryptocurrency assets are down 50% or more from their all-time high, Ape’s price has diverged from the macro cryptocurrency market price action over the last month and made a new all-time high of $19.94 on Wednesday. 

Apecoin Analysis
APE/USD 1D chart: the price is traded between the 0.236 [$16.64] and 1 [$19.40]
In fact, APE’s been on such a tear that it broke into the Top 100 cryptocurrency projects followed by the Top 50 and is now sitting inside the 30. ApeCoin’s ranked #28 by market capitalization, at the time of writing. 

ApeCoin’s price is +28.21% against The U.S. Dollar for the last 30 days, +54.71% against BTC, and +47.98% against ETH over the same duration, at the time of writing. 

ApeCoin’s 24 hour price range is $18.01-$19.94 and its 7 day price range is $13.89-$19.94. APE’s 52 week price range is $6.41-$19.46. 

ApeCoin’s price [+7.52%] closed its Wednesday’s daily session worth $19.43. 

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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