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Bitcoin (22k), Ethereum (1.6k), Apecoin Price Analyses
Bitcoin (22k), Ethereum (1.6k), Apecoin Price Analyses
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Bitcoin (22k), Ethereum (1.6k), Apecoin Price Analyses

By R.L. Bryer - 4 Aug 2022

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Bitcoin Analysis 

Bitcoin’s price again traded lower at close than at open on Wednesday and BTC concluded its daily session -$170.1.  

The first chart we’re looking at for this Thursday is the BTC/USD Perpetual Contract 4HR chart below from zippy1day. BTC’s price traded right around the 0 fibonacci level [$23,459.5] for the bulk of Wednesday’s trading session.

The chartist below posits that BTC’s price is forming a Head & Shoulders pattern on the 4HR time frame. The first target to the downside is [$22,374.] followed by 1 [$21,384.5] and 1.618 [$2,102.]. 

Bitcoin Analysis 
BTC/USD Perpetual Contract 4HR chart

The Fear and Greed Index is 30 Fear and is -4 from yesterday’s reading of Wednesday’s reading of 34.

Fear and Greed
The Fear and Greed Index is 30 Fear

Bitcoin’s Moving Averages: 5-Day [$23,462.45], 20-Day [$22,081.46], 50-Day [$23,523.97], 100-Day [$31,048.6], 200-Day [$39,333.66], Year to Date [$34,421.82].

BTC’s 24 hour price range is $22,680-$23,634 and its 7 day price range is $22,680-$24,581. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $39,754. 

The average price of BTC for the last 30 days is $21,827.1 and its +21.7% over the same duration. 

Bitcoin’s price [-0.74%] closed its daily candle worth $22,813.9 and in red figures for a six straight day on Wednesday. 

Ethereum Analysis 

Ether’s price also traded lower on Wednesday and finished its daily session -$13.4.  

The second chart we’re providing analysis for this Thursday is the ETH/USD 1D chart below by Stoic-Trader. ETH’s price is trading between 1.236 [$1,499.9] and 1.618 [$1,652.77], at the time of writing.

The overhead targets on Ether are 1.618, followed by 1.75 [$1,705.6], and 2 [$1,805.65]. 

Bearish Ether traders drew a line in the sand at the $1,800 level and bullish ETH market participants have yet to regain that level with candle close confirmation on an important timescale. 

The targets for those shorting the Ether market are 1.236, 1 [$1,405.45], and 0.618 [$1,252.57].

Ethereum Analysis 
ETH/USD 1D chart: the price is trading between 1.236 [$1,499.9] and 1.618 [$1,652.77]
Ether’s Moving Averages: 5-Day [$1,684.42], 20-Day [$1,439.18], 50-Day [$1,420.85], 100-Day [$2,108.91], 200-Day [$2,820.81], Year to Date [$2,382.55].

ETH’s 24 hour price range is $1,589.71-$1,685.03 and its 7 day price range is $1,574.01-$1,759.5. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $2,725.33. 

The average price of ETH for the last 30 days is $1,403.84 and its +54.92% over the same time frame. 

Ether’s price [-0.82%] closed its daily candle on Wednesday worth $1,618.04 and in negative figures for the fifth time over the last six days. 

Apecoin Analysis

Apecoin’s price was a top performer on Wednesday and wrapped-up its daily trading session +$0.51. 

The last chart we’re looking at today is the APE/USD 1D chart below from LA_Designer. APE’s price is trading in a rising channel and has been for around a month now.

Of course, if APE breaks out to the upside the target is back in double figures with the $13-$14 range as a primary target for bullish traders.

Conversely, if bulls fail to break out of the current ascending channel to the upside, bears will again retest the lows of the current structure. If the trendline is broken then the low of this bear market cycle [$3.07] may be broken.

Apecoin Analysis
APE/USD 1D chart

Over the last 30 days Apecoin’s +45.43% against The U.S. Dollar, +28.56% against BTC, and +3.09% against ETH. 

Ape’s 24 hour price range is $6.56-$7.8 and its 7 day price range is $6.25-$7.8. Apecoin’s 52 week price range is $3.07-$27.14. 

The average price of APE over the last 30 days is $5.66 and its +61.72% over the same span.  

Apecoin’s price [+7.6%] closed its daily session on Wednesday worth $7.15 and in green figures for the fourth time over the last five 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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