banner
Bitcoin, Ethereum, FTT [FTX] Price Analyses
Bitcoin, Ethereum, FTT [FTX] Price Analyses
Trading

Bitcoin, Ethereum, FTT [FTX] Price Analyses

By R.L. Bryer - 29 Jun 2022

Chevron down
Listen this article
download

Bitcoin Analysis 

Bitcoin’s price finished in negative digits for a third consecutive daily session and BTC concluded its daily frame on Tuesday -$451. 

The BTC/USD 1D chart below from Zrroon shows BTC’s price trading between the 0 fibonacci level [$17,635.82] and 0.236 [$29,793.45], at the time of writing.

Traders that are still optimistic in a mid-term rally on BTC are looking to send BTC’s price back above the 0.236 fib with a secondary target of 0.382 [$37,314.7]. The third target overhead for bitcoin bulls is 0.5 [$43,303.52]. 

Conversely, traders that are bearish on BTC in the short-term to midterm are looking to push BTC’s price back below the $20k level with a secondary target of BTC’s multi-year low of $17,611. 

Bitcoin Analysis 
BTC/USD 1D chart: the price trading between the 0 fibonacci level [$17,635.82] and 0.236 [$29,793.45]
The Fear and Greed Index is 13 Extreme Fear and is +3 from Tuesday’s reading of 10 Extreme Fear.

Fear and Greed
The Fear and Greed Index is 13 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$20,706.62], 20-Day [$24,745.54], 50-Day [$30,153.22], 100-Day [$36,033.72], 200-Day [$43,532.41], Year to Date [$37,058.43].

BTC’s 24 hour price range is $20,138-$21,208 and its 7 day price range is $19,864-$21,637. Bitcoin’s 52 week price range is $17,611-$69,044.  

The price of Bitcoin on this date last year was $35,895.9. 

The average price of BTC for the last 30 days is $25,435.9 and its -27.8% over the same duration. 

Bitcoin’s price [-2.18%] closed its daily candle worth $20,267 on Tuesday. 

Ethereum Analysis 

Ether’s price also finished in negative figures for a third consecutive day and ETH concluded its daily session -$46.85.

The second chart we’re looking at for Wednesday is the ETH/USD 4HR chart below by JabezDolz. Ether’s price is trading between 0.5 [$1,159.76] and 0.618 [$1,188.04], at the time of writing.

Bulls have their sights on sending ETH back above the 0.618 fib level with a secondary target of 1 [$1,279.6] and 1.272 [$1,344.79].

Bearish market participants on the other hand are looking to push ETH’s price back down to retest the 0 fib level followed by the $1k level. 

Ethereum Analysis
ETH/USD 4HR chart: the price is trading between 0.5 [$1,159.76] and 0.618 [$1,188.04]
Ether’s Moving Averages: 5-Day [$1,161.39], 20-Day [$1,410.20], 50-Day [$1,995.13], 100-Day [$2,478.03], 200-Day [$3,103.88], Year to Date [$2,591.81].

ETH’s 24 hour price range is $1,133.03-$1,237.99 and its 7 day price range is $1,049.65-$1,265.94. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $2,382.29. 

The average price of ETH for the last 30 days is $1,465.53 and its -30.9% over the same time frame. 

Ether’s price [-3.93%] closed its daily candle on Tuesday worth $1,144.02. 

FTT [FTX] Analysis

The third chart we’re analyzing today is the FTX/USD 1D chart below from EdgarTigranyan. This chart shows FTT’s price backtesting a descending wedge breakout. 

If the backtest is successful the target price on FTT is the $40 level. However, if bullish FTT traders fail to confirm that the breakout is real, they’ll find themselves back inside a larger pattern with more potential downside forthcoming.

FTT [FTX] Analysis
FTX/USD 1D chart shows FTT’s price backtesting a descending wedge breakout
FTT’s price is +5.22% against The U.S. Dollar for the last 12 months, +74.15% against BTC, and +81.01% against ETH, over the same duration.

FTT’s 24 hour price range is $25.45-$27.8 and its 7 day price range is $25.16-$28.83. FTT’s 52 week price range $21.06-$72.91. 

The average price of FTT over the last 30 days is $26.54 and its -1.09% for the same timespan. 

FTT’s price [-5.56%] closed its daily session on Tuesday worth $25.63 and it’s also finished in negative figures for three straight days. 

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.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.