Bitcoin (23k), Ethereum (1.6k), Quant Price Analyses
Bitcoin (23k), Ethereum (1.6k), Quant Price Analyses
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Bitcoin (23k), Ethereum (1.6k), Quant Price Analyses

By R.L. Bryer - 21 Jul 2022

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Bitcoin Analysis 

Bitcoin’s price reached its highest level since June 13th and painted an indecision candle on Wednesday. As the day went on BTC sold-off to lower prices during the day’s second 12 hour candle and wrapped-up its daily session -$189. 

The first chart we’re looking at to kick-off Thursday’s price analyses is the BTC/USD 1D chart below from ImThour

The overhead targets for bullish BTC traders are 0.382 [$29,721.29], 0.5 [$33,289.56], and 0.618 [$36,702.69].

Bearish traders are hoping to put an end to this week’s rally on BTC, the asset’s up 20.8% this week, at the time of writing. The primary target below for BTC bears is 0.236 followed by a full retracement back to 0 [$19,016.47]. 

Bitcoin Analysis 
BTC/USD 1D chart: bearish traders are hoping to put an end to this week’s rally on BTC

The Fear and Greed Index is 34 Fear and is +3 from Wednesday’s reading of 31 Fear.

Fear and Greed
The Fear and Greed Index is 34 Fear

BTC’s 24 hour price range is $22,905-$24,276 and its 7 day price range is $19,748-$24,276. Bitcoin’s 52 week price range is $17,611-$69,044. 

Bitcoin’s Moving Averages: 5-Day [$22,020.91], 20-Day [$20,761.71], 50-Day [$24,859.96], 100-Day [$32,736.21], 200-Day [$41,282.97], Year to Date [$35,320.7].

The price of Bitcoin on this date last year was $32,141. 

The average price of BTC for the last 30 days is $20,777.8 and its +16% over the same duration. 

Bitcoin’s price [-0.81%] closed its daily candle worth $23,209 and in red figures again after it closed in green figures the two days prior. 

Ethereum Analysis 

Ether’s price also descended lower on Wednesday and concluded its trading session for the day -$23.23. 

The second chart we’re analyzing for Thursday is the ETH/USD 1D chart below BG0. ETH’s price is trading between 0.00% [$885.00] and 23.60% [$1,831.00], at the time of writing.

The overhead targets for bullish Ether market participants are 23.60%, 38.20% [$2,416.20], and 50.00% [$2,889.20]. 

The targets to the downside for bearish traders are the 0% fib level which is the 12-month low on Ether. If the 0% fibonacci level is breached the next real level of support probably doesn’t exist until the $400-$500 range.

Ethereum Analysis 
ETH/USD 1D chart: the price is trading between 0.00% [$885.00] and 23.60% [$1,831.00]
Ether’s Moving Averages: 5-Day [$1,417.16], 20-Day [$1,208.56], 50-Day [$1,500.07], 100-Day [$2,211.98], 200-Day [$2,939.96], Year to Date [$2,437.58].

ETH’s 24 hour price range is $1,484.23-$1,620.4 and its 7 day price range is $1,082.1-$1,620.4. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $1,994.26. 

The average price of ETH for the last 30 days is $1,200.77 and its +41.88% over the same time frame. 

Ether’s price [-1.50%] closed its daily candle on Wednesday worth $1,520.44 and in negative digits for a second consecutive day. 

Quant Analysis

Quant’s price was the worst performer of today’s price analyses. QNT closed its daily candle on Wednesday down nearly 10% and -$10.62. 

The last chart we’re providing price analyses for today is the QNT/USD 1HR chart below from WilliamBond

Bullish QNT traders want to control the level above 0 [$95.17] with targets above 0.236 [$98.63],0.382 [$100.76], and the 0.5 fibonacci level [$102.49]. 

People going short on the QNT market are looking to push QNT’s price below the 0 fibonacci level and a full retracement.

Quant Analysis
QNT/USD 1HR chart: bullish QNT traders want to control the level above 0 [$95.17] with targets above 0.236 [$98.63]
Quant’s price is +59.1% against The U.S. Dollar for the last 12 months, +97.84% against BTC, and +74.72% against ETH, over the same duration.

Quant’s 24 hour price range is $94.29-$110.69 and its 7 day price range is $83.25-$112.25. QNT’s 52 week price range is $40.5-$427.42.  

Quant’s price on this date last year was $73.77. 

The average price of QNT over the last 30 days is $71.91 and its +80.19% for the same time frame. 

Quant’s price [-9.92%] closed its daily session worth $96.52 on Wednesday and in red figures for the first time in three 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.

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