Bitcoin (19k), Ethereum (1.3k), XRP Price Analyses
Bitcoin (19k), Ethereum (1.3k), XRP Price Analyses
Trading

Bitcoin (19k), Ethereum (1.3k), XRP Price Analyses

By R.L. Bryer - 29 Sep 2022

Chevron down
Listen this article
download

Bitcoin Analysis 

Bitcoin’s price again rallied back to test a key inflection point at $19,891 [BTC’s 2017 ATH] on Wednesday before closing its daily session +$329.7.  

The first chart we’re diggin into today is the BTC/USD 6D chart below from without_worries. Bitcoin’s price is trading between the 0 [$18,935.22] fibonacci level and 0.236 fib level [$25,054.18], at the time of writing. 

Bulls have a primary target on the 6D chart of the 0.236 fib level with a secondary target above of 0.382 [$29,792.94]. Above the 0.382, the targets are 0.618 [$39,420.59], 1 [$62,024.9] and 1.618 [$129,127.54].

Those shorting BTC’s price in the short-term are looking to again send its price back below the 0 fibonacci level and if successful will then attempt to break 2022’s low of $17,611. 

BTC/USD 6D chart
BTC/USD 6D chart: the price is trading between the 0 [$18,935.22] fibonacci level and 0.236 fib level [$25,054.18]
The Fear and Greed Index is 22 Extreme Fear and is +2 from Wednesday’s reading of 20 Extreme Fear. 

Fear and Greed
The Fear and Greed Index is 22 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$19,060.62], 20-Day [$19,687.66], 50-Day [$21,419.25], 100-Day [$23,135.19], 200-Day [$32,248.17], Year to Date [$31,650.31].

BTC’s 24 hour price range is $18,471.3-$19,790 and its 7 day price range is $18,424.79-$20,296.07. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of bitcoin on this date last year was $41,535.6. 

The average price of BTC for the last 30 days is $19,823.3 and its -5.9% over the same interval. 

Bitcoin’s price [+1.73%] closed its daily candle worth $19,410.4 and in green digits for the second time in three days. 

Ethereum Analysis 

Ether’s price marked-up on Wednesday by less than 1% and when traders concluded their trading for the day, ETH’s price was +$8.8. 

The second chart for analysis this Thursday is the ETH/USD 1W chart from wistfulautomata. Despite finishing in positive figures, ETH’s price didn’t catch the bids from bullish market participants on Wednesday that Bitcoin did and ETH’s price is looking more like it could potentially be painting an Inverted Adam & Eve pattern

If bearish traders can continue to push ETH’s price lower their eventual target is the $722.26 level. If bulls fail to hold support at that level on the weekly time frame their secondary target is the $303 level. 

ETH/USD 1W chart
ETH/USD 1W chart: the price could potentially be painting an Inverted Adam & Eve pattern

Ether’s Moving Averages: 5-Day [$1,316.18], 20-Day [$1,490.58], 50-Day [$1,606.72], 100-Day [$1,552.56], 200-Day [$2,280.11], Year to Date [$2,221.90].

ETH’s 24 hour price range is $1,253.2-$1,355.7 and its 7 day price range is $1,243.14-$1,393.48. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $2,851.72. 

The average price of ETH for the last 30 days is $1,496.01 and its -13.33% over the same stretch. 

Ether’s price [+0.66%] closed its daily candle on Wednesday valued at $1,336.97 and also back in green figures for the second time over three daily sessions. 

XRP Analysis

XRP’s price was the third best performer for today’s price analyses but also finished-up its daily candle in positive figures and +$0.0017. 

The final chart to round-out today’s price analyses is the XRP/USD 4HR chart below from NastyBeer. XRP’s price is trading between the 0.618 fib level [$0.406] and 0 [0.558], at the time of writing. 

The targets to the upside on XRP are the 0 fib level with a secondary target of $0.667 and a third target of $0.827. 

Bearish traders are conversely aiming to push XRP’s price back below the 0.618 fib level followed by targets of 0.786 [$0.365], 0.886 [$0.341], 1 [$0.313], 1.131 [$0.281], and 1.272 [$0.246]. 

XRP/USD 4HR chart
XRP/USD 4HR chart: the price is trading between the 0.618 fib level [$0.406] and 0 [0.558]
Ripple’s price is +37.83% against The U.S. Dollar for the last 90 days, +38.44% against BTC, and +8.53% against ETH, over the same duration.

XRP’s Moving Averages: 5-Day [$0.464], 20-Day [$0.377], 50-Day [$0.366], 100-Day [$0.365], 200–Day [$0.554], Year to Date [$0.542].

XRP’s 24 hour price range is $0.416-$0.455 and its 7 day price range is $0.401-$0.543. Ripple’s 52 week price range is $0.2876-$1.34. 

Ripple’s price on this date last year was $0.926. 

The average price of XRP over the last 30 days is $0.373 and its +27.33% over the same time frame. 

XRP’s price [+0.38%] closed its daily trading session on Wednesday worth $0.448 and in green 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.

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.