Bitcoin (21k), Ethereum (1.4k), Binance Coin price analyses
Bitcoin (21k), Ethereum (1.4k), Binance Coin price analyses
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Bitcoin (21k), Ethereum (1.4k), Binance Coin price analyses

By R.L. Bryer - 27 Jul 2022

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Bitcoin Analysis 

Bitcoin’s price sold-off heavily during the first 12 hour candle on Tuesday but bullish traders rallied during the second half of the day and BTC’s price concluded its daily session -$31.6.  

The first chart we’re analyzing for Wednesday is the BTC/USD 4HR chart below from howard2535. BTC’s price is trading between the 0.618 fibonacci level [$20,144.93] and 0.5 [$20,938.84], at the time of writing.

BTC’s price closed above the 200W MA on Tuesday and pivoted at that crucial level. The first fib target overhead is 0.5 followed by 0.382 [$21,732.74] and 0 [$24,302.84].

Bearish BTC traders are looking to push BTC’s price below the 0.618 fib level and $20k again. That will set up bears for a retest of BTC’s 2017 all-time high of $19,891 before another potential retest at 0.786 [$19,014.62]. The third fib target to the downside is 1 [$17,574.62].

Bitcoin Analysis 
BTC/USD 4HR chart: the price is trading between the 0.618 fibonacci level [$20,144.93] and 0.5 [$20,938.84]
The Fear and Greed Index is 28 Fear and is +2 from Tuesday’s reading of 26 Fear.

Fear and Greed
The Fear and Greed Index is 28 Fear

Bitcoin’s Moving Averages: 5-Day [$22,416.59], 20-Day [$21,021.97], 50-Day [$24,261.12], 100-Day [$32,041.61], 200-Day [$40,497.6], Year to Date [$34,873.17].

BTC’s 24 hour price range is $20,724-$21,614 and its 7 day price range is $20,724-$24,160. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $39,563. 

The average price of BTC for the last 30 days is $21,019.3 and its -2.5% for the same duration. 

Bitcoin’s price [-0.15%] closed its daily candle worth $21,271 on Tuesday and narrowly in red figures for a second straight day.  

Ethereum Analysis 

Ether’s price rallied extremely hard during the day’s final 4HR candle and closed its daily session +$12.29.  

The Ether chart for analysis today is the ETH/USD 4HR chart below from a_fisshh. Ether’s price is trading between 0.5 [$1,334.24] and 0.382 [$1,411.99], at the time of writing. 

The overhead targets on ETH are 0.382, 0.236 [$1,508.19], and 0 [$1,663.7]. 

Conversely, bears are hoping to again send ETH below the $1k level. Before bearish traders can accomplish that feat, they’ll firstly need to break the 0.5 fib level. The second target to the downside is 0.618 [$1,256.49] and the third target is 0.786 [$1,145.79].

Ethereum Analysis 
ETH/USD 4HR chart: the price is trading between 0.5 [$1,334.24] and 0.382 [$1,411.99]
Ether’s Moving Averages: 5-Day [$1,507.95], 20-Day [$1,269.47], 50-Day [$1,457.69], 100-Day [$2,166.80], 200-Day [$2,893.71], Year to Date [$2,411.63].

ETH’s 24 hour price range is $1,356.17-$1,455 and its 7 day price range is $1,356.17-$1,639. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $2,301.45. 

The average price of ETH for the last 30 days is $1,268.32 and its +12.13% over the same time frame. 

Ether’s price [+0.85%] closed its daily candle on Tuesday worth $1,450.91 and in green figures for the third time over the last four days. 

Binance Coin Analysis

Binance Coin’s price was sent higher on Tuesday by bullish traders and wrapped-up its daily trading session +$4.6. 

The third chart we’re providing analysis for today is the BNB/USD 1D chart below from GANGSTAR_PARADISE. BNB’s price is trading between 100.00% [$194.5] and 61.80% [$248.2], at the time of writing. 

The first target to the upside for Binance Coin bulls is 61.80% with a secondary target of 50.00% [$265.7]. The third target to the upside on BNB is 23.60% [$302.].

The first target to the downside on BNB is the 100% fib level followed by 127.20% [156.8] and a third target of 161.80% [$109.8].

Binance Coin Analysis
BNB/USD 1D chart: the price is trading between 100.00% [$194.5] and 61.80% [$248.2]
Binance Coin’s Moving Averages: 5-Day [$256.60], 20-Day [$239.87], 50-Day [$259.35], 100-Day [$324.73], 200-Day [$413.53], Year to Date [$351.85].

BNB’s 24 hour price range is $239.6-$249.8 and its 7 day price range is $239.6-$270.93. Binance Coin’s 52 week price range is $184.1-$668.8. 

Binance Coin’s price on this date last year was $313.7. 

The average price of BNB over the last 30 days is $239.6 and its +1.17% over the same timespan. 

Binance Coin’s price [+1.88%] closed its daily session worth $249.3 on Tuesday and in green figures for the second time over the last 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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