Bitcoin’s price finally closed in green figures again on Sunday after posting seven straight days in red figures. BTC’s price concluded its daily session on Sunday +$78.8.
The first chart we’re analyzing for the new week is the BTC/USD 1D chart below from BradMatheny. Traders can see that BTC’s price is trading well below a full retracement at 0 [$30,242.87] and is again trading below the $20k level, at the time of writing.
Bullish traders first need to regain the territory above the 2017 all-time high of $19,891 and then reclaim the $20k level before attempting to eclipse the 0 fibonacci level again.
Conversely, bearish traders are looking to inflict further damage to the downside. The chartist posits that the $10k level could potentially be the next stop for BTC’s price.
Bitcoin’s Moving Averages: 5-Day [$19,906.58], 20-Day [$23,162.59], 50-Day [$28,877.6], 100-Day [$35,304.13], 200-Day [$43,166.16], Year to Date [$36,648.36].
The Fear and Greed Index is 14 Extreme Fear and is +3 from Sunday’s reading of 11 Extreme Fear.
BTC’s 24 hour price range is $18,774-$19,666 and its 7 day price range is $18,774-$21,475. Bitcoin’s 52 week price range is $17,611-$69,044.
The price of Bitcoin on this date last year was $35,829.
The average price of BTC for the last 30 days is $23,517 and its -36.7% over the same duration.
Bitcoin’s price [+0.41%] closed its daily candle worth $19,308.8 on Sunday.
Ether’s price finished marginally better than BTC’s price on Sunday and ETH concluded its daily session +$7.44.
The second chart we’re looking at for Monday is the ETH/USD 4HR chart below by AlanSantana. ETH’s price is trading between 0.618 [$1,035.9] and 0.5 [$1,083.2], at the time of writing.
The overhead targets for bullish Ether traders are 0.5, 0.382 [$1,130.45], and 0.236 [$1,188.95].
The targets to the downside for bearish ETH traders are 0.618, 0.786 [$968.6], and 1 [$882.9].
Ether’s Moving Averages: 5-Day [$1,110.64], 20-Day [$1,298.96], 50-Day [$1,876.96], 100-Day [$2,416.72], 200-Day [$3,074.06], Year to Date [$2,556.23].
ETH’s 24 hour price range is $1,040-$1,088 and its 7 day price range is $1,010-$1,239. Ether’s 52 week price range is $883.62-$4,878.
The price of ETH on this date in 2021 was $2,321.
The average price of ETH for the last 30 days is $1,300.59 and its -39.47% over the same time frame.
Ether’s price [+0.70%] closed its daily candle worth $1,074.06 on Sunday and in green figures for a second consecutive day.
When traders settled up on Sunday for LINK’s daily session close, LINK’s price was exactly the same as when it had begun the new day.
The LINK/USD 1D chart below by Great_Reset_Investing shows LINK’s price accumulating above the 0 fibonacci level [$5.04], at the time of writing.
Bullish LINK traders are looking for a rally back above the heartline of its current descending structure. That rally would take LINK back above the $8.5 level. The secondary target of bullish traders above the heartline is the 0.236 [$12.95] followed by a third target of 0.382 [$17.78].
LINK market participants expecting further downside and acting upon that intuition are looking to push LINK’s price below the 0 fib level with hope of causing further technical damage to the fortune of bulls.
LINK’s Moving Averages: 5-Day [$6.27], 20-Day [$7.06], 50-Day [$8.08], 100-Day [$11.46], 200-Day [$17.8], Year to Date [$13.51].
Chainlink’s 24 hour price range is $6.01-$6.25 and its 7 day price range is $5.94-$7.02. LINK’s 52 week price range is $5.32-$38.17.
Chainlink’s price on this date last year was $19.26.
The average price of LINK over the last 30 days is $6.94 and its -9.05% over the same timespan.
Chainlink’s price [0.00%] closed its daily session on Sunday worth $6.22 and even after finishing in green figures for Saturday’s daily candle.