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Bitcoin Analysis
Bitcoin price is painting its biggest bullish engulfing candle on the monthly timeframe since October 2021 and the bulls continued that momentum during the Sunday daily session. BTC price closed Sunday +$730.2 with a bullish engulfing candle and at its highest level since August 2022.
The BTC/USD 1W chart below from AlanSantana is the start of a new week of price analysis. BTC price is trading between the 0.148 Fibonacci level [$23,438.7] and the level of 0.236 fib [$28,153.7]at the time of writing.
BTC bullish traders will be looking to maintain momentum this week after recovering the 0.148 fib level last week. Their upside targets on BTC are 0.236, 0.382 [$35,976.4]0.5 [$42,298.8]and the level of 0.618 fib [$48,621.2].
Opposite to bullish traders, there are those who always try to sell the price of BTC down. On the weekly time frame, the downside targets on BTC are 0.148 and a full retracement at 0 [$15,508.9].
BTC/USD 1W chart: Price is trading between the 0.148 Fibonacci level [$23,438.7] and the level of 0.236 fib [$28,153.7]The fear and greed index is 61 greed and +6 from Sunday’s reading of 55 greed.
The fear and greed index is 61 greed
Bitcoin Moving Averages: 5 Days [$23,131.80]20 days [$19,850.40]50 days [$18,019.44]100 days [$18,685.12]200 days [$22,100.14]Year to date [$19,850.40].
The 24-hour BTC price range is $23,051-$23,960 and its 7-day price range is $22,437.68-$23,960. The 52-week Bitcoin price range is $15,505 to $48,162.9.
The Bitcoin price on this date last year was $37,917.7.
The average price of BTC over the last 30 days is $19,624.6 and its +40.7% over the same interval.
bitcoin price [+3.17%] closed its daily candle worth $23,753.1 on Sunday.
Ethereum Analysis
Ether price also rose during the daily Sunday trading session and when traders settled in for the day, ETH price was at +$72.89.
The second chart analyzed for this Monday is the ETH/USD 1D chart from zabaroptik. Ether price is trading between the Fibonacci level of 0.236 [$1,555.06] and level 0 fib [$1,680.00].
The main target for bullish Ether traders is the $1,680 level on the daily timeframe and they have support at the 0.236 fib level.
Conversely, bearish traders have targets below the 0.236 fibonacci level of 0.382 [$1,477.77]and the level of 0.5 fib [$1,415.30].
ETH/USD 1D Chart: Price is trading between the 0.236 Fibonacci level [$1,555.06] and level 0 fib [$1,680.00]Moving averages of Ethers: 5 days [$1,610.44]20 days [$1,450.32]50 days [$1,314.79]100 days [$1,351.83]200 days [$1,541.63]Year to date [$1,450.32].
ETH’s 24-hour price range is $1,582.45-$1,660 and its 7-day price range is $1,555.97-$1,660. The 52-week Ethers price range is $883.62 to $3,579.96.
The price of ETH on this date in 2022 was $2,602.60.
The average price of ETH over the last 30 days is $1,426.08 and its +33.51% over the same period.
Ether prices [+4.63%] closed its daily session on Sunday worth $1,646 and in positive numbers for the first time in four days.
Litecoin Analysis
Litecoin price was the best performer as a percentage of the lot today and when the LTC daily candle was painted, the asset was at +$5.21.
We can see below on the LTC/USD 1D chart via rcange239 that Litecoin price is testing a supply zone and needs to break the $101.19 level.
Litecoin bull market participants have been trending higher since July and the target above on LTC for the bulls is the $130 level if they can break $101.19 as overhead resistance.
The bears trading Litecoin again want to reject the bulls at the $101.19 level and retest the core of the daily timeframes pattern.
LTC/USD 1D Chart: Price is testing a supply zone and needs to break the $101.19 level
Litecoin Moving Averages: 5 Days [$89.14]20 days [$83.39]50 days [$76.54]100 days [$66.02]200 days [$64.68]Year to date [$83.39].
Litecoins 24-hour price range is $93.57-$97.77 and its 7-day price range is $86.27-$97.77. The LTC price range for 52 weeks is $40.4 to $143.8.
The price of Litecoin on this date last year was $108.60.
The average price of LTC over the last 30 days is $82.29 and its 43.06% over the same period.
Litecoin price [+5.81%] closed its daily candle worth $94.88 on Sunday and in green numbers for a third straight day.
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMiSWh0dHBzOi8vZW4uY3J5cHRvbm9taXN0LmNoLzIwMjMvMDEvMzAvYml0Y29pbi1ldGhlcmV1bS1saXRlY29pbi1hbmFseXNlcy_SAUxodHRwczovL2NyeXB0b25vbWlzdC5jaC8yMDIzLzAxLzMwL2JpdGNvaW4tZXRoZXJldW0tbGl0ZWNvaW4tYW5hbHlzZXMvP2FtcD0x?oc=5 The mention sources can contact us to remove/changing this article |
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