Bitcoin’s price was controlled during Wednesday’s trading session entirely by buyers who bullishly engulfed the daily time frame. BTC’s price also closed its daily session +$1,680.
The first chart we’re providing analysis for this Thursday is the BTC/USD 4HR chart below from Unity-Trading-Group. BTC’s price is trading between the 23.60% fibonacci level [$21,078.51] and 38.20% [$23,245.75], at the time of writing.
Bullish BTC market participants are returned back above the heartline on the 4HR timescale and a trip up to test the current supply line could be next.
The first overhead target for BTC traders seeking further upside is the 38.20% fib level with a secondary target of 50.00% [$24,997.35]. The third target above for BTC bulls is 61.80% [$26,748.95].
At variance with bulls, bearish BTC traders want to push BTC’s price back below 23.60% and retest 12-month lows and a full fibonacci retracement at 0 [$17,575.31].
The Fear and Greed Index is 32 Fear and is +4 from Wednesday’s reading of 28 Fear.
Bitcoin’s Moving Averages: 5-Day [$22,094.18], 20-Day [$21,094.96], 50-Day [$24,110.3], 100-Day [$31,839.34], 200-Day [$40,276.1], Year to Date [$34,783.91].
BTC’s 24 hour price range is $21,056-$23,100 and its 7 day price range is $20,783-$23,728. Bitcoin’s 52 week price range is $17,611-$69,044.
The price of Bitcoin on this date last year was $40,004.
The average price of BTC for the last 30 days is $21,044.3 and its +2.1% over the same period.
Bitcoin’s price [+7.9%] closed its daily candle worth $22,951 and back in green figures on Wednesday after sellers controlled the prior two days of trading.
Ether’s price closed at its highest level since June 10th on Wednesday and +$185.07 for its daily session.
The second chart we’re looking at today is the ETH/USD 1D chart below by Crypto-Swing. ETH’s price is trading between 0.786 [$1,136.59] and 0.618 [$1,934.1], at the time of writing.
Ether bulls are looking above at the 0.786 as a first target with a secondary target of 0.5 [$2,494.26] and a third target to the upside of 0.382 [$3,054.42].
The targets below for bearish ETH traders are the 0.786 fib level followed by a retest of ETH’s 12-month low of $883.62.
Ether’s Moving Averages: 5-Day [$1,505.61], 20-Day [$1,289.48], 50-Day [$1,448.59], 100-Day [$2,154.81], 200-Day [$2,880.71], Year to Date [$2,405.53].
ETH’s 24 hour price range is $1,440.83-$1,644.44 and its 7 day price range is $1,356.17-$1,644.44. 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 $1,279.76 and its +24.72 over the same time frame.
Ether’s price [+12.76%] closed its daily candle on Wednesday worth $1,635.98 and in green figures for the fourth time in five days.
Near Protocol Analysis
Near Protocol’s price rallied over 10% higher on Wednesday and when traders settled-up at session close it was +$0.40.
The last chart this Thursday we’re analyzing is the NEAR/USD 1W chart below from Trading_Hill. NEAR’s price is trading between 0 [$1.48] and 0.236 [$5.963], at the time of writing.
NEAR’s price is -80.4% from its all-time high, at the time of writing and bullish traders are aiming to reclaim the 0.236 with the next target being the 0.382 fibonacci level [$8.735]. The third target overhead for bullish NEAR market participants is 0.5 [$10.976].
Conversely, traders that are short the NEAR market are looking to push NEAR’s price below the 0 fibonacci level with a secondary aim of sending NEAR’s price below $1 for the first time since December 17, 2020.
Near Protocol’s price is +86.82% for the last 12 months against The U.S. Dollar, +213.3% against BTC, and +164.6% against ETH, over the same span.
Near’s Moving Averages: 5-Day [$4.01], 20-Day [$3.69], 50-Day [$4.23], Year to Date [$8.14].
Near Protocol’s 24 hour price range is $3.63-$4.19 and its 7 day price range is $3.61-$4.71. Near Protocol’s 52 week price range is $2.13-$20.44.
NEAR’s price on this date last year was $2.22.
The average price of NEAR over the last 30 days is $3.68 and its -2.02% for the same duration.
Near Protocol’s price [+10.54%] closed Wednesday’s trading session worth $4.15 and in green figures for the first time in three days.