Crypto Analysis of Bitcoin, Ethereum, and Aptos
Crypto Analysis of Bitcoin, Ethereum, and Aptos
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Crypto Analysis of Bitcoin, Ethereum, and Aptos

By R.L. Bryer - 23 Jan 2023

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Bitcoin Analysis 

Bitcoin’s price finished the weekly time frame again in green digits but pulled back on the daily timescale on Sunday and finished the day’s trading session -$53.

The BTC/USD 1D chart by sanjarnaderi is the first chart we’re analyzing for this Monday. BTC’s price is trading between the 0 fibonacci level [$15,560.36] and the 0.236 fib level [$28,161.53], at the time of writing.

The overhead targets for those that are longing BTC are 0.236, 0.382 [$35,957.17], and the 0.5 fib level [$42,257.75] over the interim.

Bearish BTC traders want to again send BTC’s price below the $20k level with a secondary aim of a full retracement from BTC’s multi-year low at the 0 fib level. 

bitcoin price chart
BTC/USD 1D chart: the price is trading between the 0 fibonacci level [$15,560.36] and the 0.236 fib level [$28,161.53]
The Fear and Greed Index is 50 Neutral and is -3 from Sunday’s reading of 53 Neutral.

fear&greed
The Fear and Greed Index is 50 Neutral

Bitcoin’s Moving Averages: 5-Day [$21,299.24], 20-Day [$18,227.32], 50-Day [$17,371.69], 100-Day [$18,503.21], 200-Day [$22,543.86], Year to Date [$18,756.60]. 

BTC’s 24 hour price range is $22,310-$23,072 and its 7 day price range is $20,678-$23,072. Bitcoin’s 52 week price range is $15,505-$48,162.9. 

The price of Bitcoin on this date last year was $36,255.1. 

The average price of BTC for the last 30 days is $18,313.2 and its +35.6% over the same interval. 

Bitcoin’s price [-0.23%] closed its daily candle worth $22,713 on Sunday and in red digits for the first time in four days. 

Ethereum Analysis 

Ether’s price outperformed Bitcoin on Sunday and when traders settled-up for the day, ETH’s price was +$1.52.  

The second chart we’re looking at today is the ETH/USD 4HR chart via maikisch. At the time of writing, Ether’s price is trading between the 0.5 fibonacci level [$1,630.39] and the 0.618 fib level [$1,797.12]

On the 4HR time frame bullish Ether traders have targets above of 0.618, 0.786 [$2,064.32] and the 1 fib level [$2,462.99]. 

Conversely, the targets to the downside are 0.5, 0.382 [$1,479.14] and the 0.236 fibonacci level [$1,311.27].

ethereum price chart
ETH/USD 4HR chart: the price is trading between the 0.5 fibonacci level [$1,630.39] and the 0.618 fib level [$1,797.12]
Ether’s Moving Averages: 5-Day [$1,574.31], 20-Day [$1,348.30], 50-Day [$1,276.80], 100-Day [$1,351.67], 200-Day [$1,577.45], Year to Date [$1,396.94].

ETH’s 24 hour price range is $1,604-$1,663.89 and its 7 day price range is $1,511.24-$1,663.89. Ether’s 52 week price range is $883.62-$3,579.96. 

The price of ETH on this date in 2022 was $2,540.45. 

The average price of ETH for the last 30 days is $1,346.56 and its +36.19% for the same interval. 

Ether’s price [+0.09%] closed its daily session on Sunday in green figures for the third time in four days and worth $1,627.01. 

Crypto: Aptos Analysis

The price of Aptos marked up again on Sunday and when the day’s trading session wrapped-up, APT was +$1.56. 

The final chart we’re analyzing for today is the APTOS/USD 1D chart below from ChartPatternExpress. APTOS is trading between the 0.236 fibonacci level [$11.74] and the 0 fib level [$14.41], at the time of writing. 

The chartist is positing a potential pullback for APTOS if bullish traders don’t regain the 0 fib level and leave it behind.

Meanwhile, bearish traders are aiming for precisely such a retracement with a primary aim of the 0.236. The secondary aim of bearish traders is the 0.382 [$10.09] followed by fib targets of 0.5 [$8.75] and the 0.618 fib level [$7.42].

crypto aptos price chart
APTOS/USD 1D chart: APT is trading between the 0.236 fibonacci level [$11.74] and the 0 fib level [$14.41] 
APTOS is +73.1% against The U.S. Dollar over the last 7 days, +57.82% against BTC, and +62.21% against ETH over the same period.

Aptos [+13.27%] closed its daily candle worth $13.31 on Sunday and in green digits for the fourth consecutive day.

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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