HomeTradingCryptocurrencies value: Bitcoin, Ethereum, Avalanche

Cryptocurrencies value: Bitcoin, Ethereum, Avalanche

Bitcoin Analysis 

Bitcoin’s price painted its third straight candle in positive figures to start this week and concluded its daily session +$178.2. 

First off for this Thursday we’re analyzing the BTC/USD 12HR chart below by nagihatoum. BTC’s price is trading between the 0.236 fibonacci level [$16,933.13] and the 0.5 fib level [$18,346.88], at the time of writing. 

If bulls of the Bitcoin market can hold the 0.236 and the $17k level, they’ve overhead targets therefore of 0.75 [$19,794.32], 1 [$21,355.94], 1.618 [$25,765.64], and the 2 fib level [$28,935.54]. 

Bearish traders are conversely aiming to send BTC’s price again below the 0.236 fib level with a secondary aim of 0 [$15,761.80]. 

value cryptocurrencies bitcoin ethereum
BTC/USD 12HR chart: the price is trading between the 0.236 fibonacci level [$16,933.13] and the 0.5 fib level [$18,346.88]
The Fear and Greed Index is 29 Fear and is equal to Wednesday’s reading. 

fear&greed
The Fear and Greed Index is 29 Fear 

Bitcoin’s Moving Averages: 5-Day [$16,678.57], 20-Day [$16,929.28], 50-Day [$17,492.46], 100-Day [$18,743.10], 200-Day [$23,998.94], Year to Date [$16,741.02]. 

BTC’s 24 hour price range is $16,652.7-$16,991.9 and its 7 day price range is $16,652.7-$16,991.9. Bitcoin’s 52 week price range is $15,505-$48,162. 

The price of Bitcoin on this date last year was $43,421.3. 

The average price of BTC for the last 30 days is $16,906.1 and its -1.7% during the same stretch. 

Bitcoin’s price [+1.07%] closed its daily candle worth $16,852.8 and in green figures for a fourth consecutive day on Wednesday. 

Ethereum Analysis 

Ether’s price also marked-up during Wednesday’s daily session and finished its daily candle +$42.36. 

The ETH/USD 1W chart from mamenmamel87 is the second chart on our docket for this Thursday. At the time of writing, Ether’s price is nestled between the 2.24 [$1,170.82] and the 2 fibonacci level [$1,319.77]

Targets to the upside on Ether are the 2 fib level followed by 1.618 [$1,596.90], 1.414 [$1,768.01], 1.272 [$1,897.83], 1 [$2,173.70] and a full retracement to the spot of the larger breakdown on the weekly time frame at 0 [$3,580.14]. 

Conversely, targets to the downside on Ether are 2.24, 2.414 [$1,073.45], 2.618 [$969.56], 3 [$801.30], 3.272 [$699.61], 3.618 [$588.67], 4 [$486.51], 4.272 [$424.77], and the 4.618 [$357.42].

value cryptocurrencies bitcoin ethereum
ETH/USD 1W chart: the price is nestled between the 2.24 [$1,170.82] and the 2 fibonacci level [$1,319.77]
Ether’s Moving Averages: 5-Day [$1,214.71], 20-Day [$1,232.36], 50-Day [$1,287.81], 100-Day [$1,377.43], 200-Day [$1,685.75], Year to Date [$1,227.12]. 

ETH’s 24 hour price range is $1,212.71-$1,272.6 and its 7 day price range is $1,212.71-$1,272.6. Ether’s 52 week price range is $883.62-$3,846.31. 

The price of ETH on this date last year was $3,535.07. 

The average price of ETH for the last 30 days is $1,231.62 and its -3.32% for the same period. 

Ether’s price [+3.49%] closed its daily session on Wednesday worth $1,256.91 and also in green candles for a fourth consecutive day. 

Avalanche Analysis

Avalanche’s price was the top performer of today’s price analyses and concluded its daily session +$0.70. 

The AVAX/USDT 1D chart from PersianBlockchain is where we’re wrapping up today’s price analyses. Avalanche’s price is trading between the 0.382 fib level [$11.28] and the 0.236 [$12.47], at the time of writing. 

Avalanche’s price is up over 7% for the last seven days and bullish traders are looking to regain the 0.236 firstly. The second target for bulls is the 0.118 fib level [$13.43] followed by a third target to above of a full retracement of 0 [$14.39].

The levels to the downside after the 0.382 are the 0.5 fib level [$10.31], 0.618 [$9.35], 0.786 [$7.98] and the 1 fibonacci level [$6.23].

avax price chart
AVAX/USDT 1D chart: the price is trading between the 0.382 fib level [$11.28] and the 0.236 [$12.47]
Avalanche’s 24 hour price range is $11.34-$12.3 and its 7 day price range is $11.34-$12.25. AVAX’s 52 week price range is $10.63-$106.55. 

Avalanche’s price on this date in 2022 was $97.39. 

The average price of AVAX over the last 30 days is $12.28 and its -11.41% over the same span. 

Avalanche’s price [+6.15%] closed its daily candle on Wednesday worth $12.08 and in positive digits for a third day in a row.

R.L. Bryer
R.L. Bryerhttp://bryer.io
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.
RELATED ARTICLES

Stay updated on all the news about cryptocurrencies and the entire world of blockchain.

MOST POPULARS