Bitcoin, Ethereum, Avalanche Price Analyses
Bitcoin, Ethereum, Avalanche Price Analyses
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Bitcoin, Ethereum, Avalanche Price Analyses

By R.L. Bryer - 1 Dec 2022

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Bitcoin Analysis 

Bitcoin’s price regained the $17k level during Wednesday’s trading session and when the day’s candle was printed, BTC’s price was +$722.3.  

The first chart we’re analyzing for this Thursday is the BTC/USD 4HR chart below from Altin35. BTC’s price is trading between the 0.5 fibonacci level [$16,665.02] and 0.618 [$16,827.55], at the time of writing. 

Overhead bullish traders are seeking to once again climb above the 1 fib level [$17,364.63], followed by targets of 1.272 [$17,757.47], and the 1.414 fib level [$17,966.08]. 

Bearish traders are attempting to stall the current bullish momentum and again send BTC’s price below the 0.5 fib level. The secondary target for bears is 0.382 [$16,504.07] followed by a third target of 0.236 [$16,307.08] and a fourth fib target of 0 [$15,993.60]. 

prezzi bitcoin ethereum avalanche
BTC/USD 4HR chart: the price is trading between the 0.5 fibonacci level [$16,665.02] and 0.618 [$16,827.55]
The Fear and Greed Index is 27 Fear and is -2 from yesterday’s reading of 29 Fear.

fear&greed27
The Fear and Greed Index is 27 Fear

Bitcoin’s Moving Averages: 5-Day [$16,507.09], 20-Day [$17,248.72], 50-Day [$18,680.86], 100-Day [$20,193.65], 200-Day [$26,949.12], Year to Date [$29,190.13].

BTC’s 24 hour price range is $16,426.2-$17,249 and its 7 day price range is $16,143.63-$17,227.39. Bitcoin’s 52 week price range is $15,501-$59,055. 

The price of Bitcoin on this date last year was $57,197.7. 

The average price of BTC for the last 30 days is $17,868.2 and its -18.2% over the same interval. 

Bitcoin’s price [+4.39%] closed its daily candle worth $17,163.3 and in positive figures for a second consecutive day. 

Ethereum Analysis 

Ether’s price also rallied higher on Wednesday and concluded its daily candle +$77.85.  

The ETH/USD 4HR chart below by desmondlzw is the second chart we’re examining today. At the time of writing, ETH’s price is trading between the 0.00% fib level [$1,071.11] and 38.20% fibonacci level [$1,302.56]

The targets therefore overhead for bullish Ether traders begin with the 38.20% fib level and the secondary target is 100.00% [$1,677.00]. 

Conversely, bearish traders are attempting to again send ETH’s price back down to retest the 0.00% fib level before attempting to send it to a three figure valuation.

prezzi bitcoin ethereum avalanche
ETH/USD 4HR chart: the price is trading between the 0.00% fib level [$1,071.11] and 38.20% fibonacci level [$1,302.56]
Ether’s Moving Averages: 5-Day [$1,210.15], 20-Day [$1,266.63], 50-Day [$1,329.63], 100-Day [$1,472.39], 200-Day [$1,877.25], Year to Date [$2,053.48].

ETH’s 24 hour price range is $1,212.5-$1,309.77 and its 7 day price range is $1,163.39-$1,309.77. Ether’s 52 week price range is $883.62-$4,778. 

The price of ETH on this date in 2021 was $4,582.96. 

The average price of ETH for the last 30 days is $1,323.71 and its -18.73% for the same stretch. 

Ether’s price [+6.40%] closed its daily candle on Wednesday valued at $1,294.39 and in green digits for a second straight day. 

Avalanche Analysis

Avalanche’s price broke back into green figures for the first time in three days on Wednesday and finished the day +$0.69.

The AVAX/USDT 1D chart by AlanSantana is the last chart we’re looking at for this Thursday. At the time of writing, Avalanche’s price is trading between the 0.148 fibonacci level [$12.825] and 0.236 [$13.631].

The overhead targets for bullish traders of the AVAX market are 0.236, 0.382 [$14.969], 0.5 [$16.051], 0.618 [$17.132] and the 0.786 fib level [$18.671] over the short-term.

At variance with bullish traders are those that still believe AVAX’s price has further downside yet. Their targets are to again test the 0.148 fib level before ultimately retesting its 12-month low of $11.49.

prezzi bitcoin ethereum avalanche
AVAX/USDT 1D chart: the price is trading between the 0.148 fibonacci level [$12.825] and 0.236 [$13.631]
Avalanche’s 24 hour price range is $12.46-$13.17 and its 7 day price range is $12.04-$13.34. AVAX 52 week price range is $11.49-$127.33. 

Avalanche price on this date last year was $119.59. 

The average price of AVAX over the last 30 days is $14.78 and its -21.28% over the same span. 

Avalanche’s price [+5.54%] closed its trading session on Wednesday worth $13.16. 

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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