Bitcoin (23k), Ethereum (1.9k), Filecoin Price Analyses
Bitcoin (23k), Ethereum (1.9k), Filecoin Price Analyses
Trading

Bitcoin (23k), Ethereum (1.9k), Filecoin Price Analyses

By R.L. Bryer - 18 Aug 2022

Chevron down
Listen this article
download

Bitcoin Analysis 

Bitcoin’s price was controlled again by bearish traders on Wednesday and when market participants settled-up on BTC at 12:00 UTC, BTC’s price was -$238.  

The first chart we’re analyzing today is the BTC/USD 4HR chart below from mirac1e. BTC’s price is trading between the 50.00% fibonacci level [$22,963.1] and 38.20 [$23,503.3], at the time of writing.

The overhead target for BTC bulls are 38.20% and a full-retracement back to 0.00% [$25,219.11]. 

Conversely, the bearish targets below on bitcoin are the 50.00% fib level, followed by 61.80% [$22,451.13], and 78.60% [$21,673.93].

The Fear and Greed Index is 30 Fear and is -11 from Wednesday’s reading of 41 Fear.

Bitcoin’s Moving Averages: 5-Day [$23,986.65], 20-Day [$23,280.31], 50-Day [$22,182.56], 100-Day [$29,016.48], 200-Day [$37,361.56], Year to Date [$33,761.68].

BTC’s 24 hour price range is $23,170-$24,440 and its 7 day price range is $23,170-$24,995.08. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of bitcoin on this date last year was $45,015.47. 

The average price of BTC for the last 30 days is $23,100.9 and its +12% over the same duration. 

Bitcoin’s price [-0.99%] closed its daily candle worth $23,856 and in red figures for a third straight day. 

Ethereum Analysis 

Ether’s price traded more than 1% lower on Wednesday and it closed -$23.57. 

The second chart today is the ETH/USD 4HR chart below by maberl. ETH’s price is trading between the 0.5 fib level [$1,800.15] and 0.382 [$1,855.73], at the time of writing. 

Bullish ETH traders were rejected harshly a number of times at the $2k level and are looking to hold the 0.50 as support before mustering another rally to the upside yet again. The targets overhead for ETH bulls are 0.382 and a full-retracement back to ETH’s recent high of 0 [$2,015.67].

At variance with Ether bulls are those that are still short the Ether market. The targets below are 0.382, 0.5 [$1,800.15], and 0.618 [$1,744.57]. 

Ether’s Moving Averages: 5-Day [$1,891.69], 20-Day [$1,704.58], 50-Day [$1,4141.98], 100-Day [$1,978.28], 200-Day [$2,685.14], Year to Date [$2,347.13].

ETH’s 24 hour price range is $1,818.74-$1,959.43 and its 7 day price range is $1,818.74-$2,024.5. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $3,007.14. 

The average price of ETH for the last 30 days is $1,675.03 and its +49.76 over the same time frame. 

Ether’s price [-1.24%] closed Wednesday’s daily trading session worth $1,876.68 and in red figures for a third consecutive day.

Filecoin Analysis

Filecoin’s price also traded lower on Wednesday and when traders settled up, FIL was -$0.01. 

The last chart for analysis today is the FIL/USD 4HR chart below from ronzo777. Filecoin’s price is trading at support inside a large bullish pennant. 

Bullish FIL traders need to maintain support at the $8.03 level. If they manage to do that and get help from bitcoin, they’ll have the opportunity to break out of the bullish pennant at the $8.56 level. 

Filecoin Analysis

Filecoin’s Moving Averages: 5-Day [$8.39], 20-Day [$7.38], 50-Day [$6.34], 100-Day [$10.27], 200-Day [$20.70], Year to Date [$14.98].

FIL’s price is -88.37% against The U.S. Dollar over the last 12 months, -77.73% against BTC, and -80.91% against ETH, over the same time frame. 

Filecoins 24 hour price range is $7.96-$8.9 and its 7 day price range is $7.96-$8.93. FIL’s 52 week price range is $4.81-$119.95. 

Filecoin’s price on this date last year was $69.42. 

The average price of FIL over the last 30 days is $7.29 and its +58.13% over the same timespan. 

Filecoin’s price [-0.12%] closed its daily trading session on Wednesday worth $8.43 and in red figures for the third time over the last four 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.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.