Bitcoin, Ethereum, Avalanche Price Analyses
Bitcoin, Ethereum, Avalanche Price Analyses
Trading

Bitcoin, Ethereum, Avalanche Price Analyses

By R.L. Bryer - 22 Jun 2022

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Bitcoin Analysis 

Bitcoin’s price closed back in green figures by less than 1% on Tuesday and finished +$138.8 for its daily session. 

The first chart of emphasis today is the BTC/USD 4HR chart below from TornadoCapital. BTC’s price is trading between 50.00% [$16,346.47] and 38.20% [$22,975.98], at the time of writing. 

The territory that bulls need to reclaim overhead firstly is that above the 38.20% fib level. Bullish BTC market participants have a second target of 23.60% [$35,011.20].

Bearish traders conversely want to send BTC’s price back below the $20k level and retest multi-year lows at the 50.00% fib level. If BTC bears can push BTC’s price below the 50.00% fib level their next target to the downside is 61.80% [$11,629.85].

Bitcoin Analysis

Bitcoin’s Moving Averages: 5-Day [$20,799.91], 20-Day [$27,101.00], 50-Day [$32,147.88], 100-Day [$37,023.84], 200-Day [$44,146.10], Year to Date [$37,726.32].

The Fear and Greed Index is 11 Extreme Fear and is +2 from Tuesday’s reading of 9 Extreme Fear. 

Fear and Greed

BTC’s 24 hour price range is $20,327-$21,675 and its 7 day price range is $17,760-$22,664. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of bitcoin on this date last year was $32,553. 

The average price of BTC for the last 30 days is $27,324.1 and its -26.4% over the same time frame. 

Bitcoin’s price [+0.68%] closed its daily candle worth $20,692.9 and back in green figures on Tuesday. 

Ethereum Analysis 

Ether’s price finished marginally down on Tuesday and when traders settled up at the conclusion of Tuesday’s daily session ETH was -$2.23. 

Tuesday’s second chart of emphasis is the ETH/USD 1D chart below by MiserableToppings. Ether’s price engulfed bullishly at the 300W MA and moved quickly back above the $1k level following that bounce.

The chartist denotes that ETH’s price could be forming a possible bearish pennant which would send ETH’s price potentially back down to test multi-year lows and the $400-$500 level. 

Bullish traders have overhead resistance at the 0.1 fib level [$1,451.37].

Ethereum Analysis 

Ether’s Moving Averages: 5-Day [$1,123.19], 20-Day [$1,591.18], 50-Day [$2,184.01], 100-Day [$2,565.31], 200-Day [$3,155.94], Year to Date [$2,650.43].

ETH’s 24 hour price range is $1,105.87-$1,194 and its 7 day price range is $897.49-$1,235.88. Ether’s 52 week price range is $883.62-$4,864.13. 

The price of ETH on this date in 2021 was $1,877.48.

The average price of ETH for the last 30 days is $1,629.15 and its -40.26% over the same duration. 

Ether’s price [-0.20%] closed its daily candle on Tuesday worth $1,126.06 and in red figures for a second consecutive day.

Avalanche Analysis

Avalanche’s price lost less than 1% of its value on Tuesday and AVAX concluded its daily candle -$0.17. 

The third chart we’re looking at today is the AVAX/USD 3D chart below from without_worries. AVAX’s price is trading between the 0.786 fib level [$16.32] and 0.618 [$24.21], at the time of writing. 

Bullish AVAX traders have overhead targets of 0.618, 0.382 [$46.42], and a full retracement back to 0 [$124.66].

From the perspective of bearish traders, they’re targeting 0.786 [$16.32]. If bears overcome the 0.786 fib level their next target is 1.618 [$1.89].

Avalanche Analysis

Avalanche’s Moving Averages: 5-Day [$16.96], 20-Day [$21.92], 50-Day [$41.88], 100-Day [N/A], 200-Day [N/A], Year to Date [$52.16].

Avalanche’s 24 hour price range is $16.62-$18.49 and its 7 day price range is $13.87-$18.49. AVAX’s 52 week price range is $9.33-$146.29. 

Avalanche’s price on this date last year was $11.22.

The average price of AVAX over the last 30 days is $22.67 and its -37.73% for the same timespan. 

Avalanche’s price [-0.99%] closed its daily session on Tuesday worth $16.92 and snapped two straight days of buyer’s controlling the market.

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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