Bitcoin Analysis Bitcoin Analysis

Bitcoin's price closed in the red for the second day in a row, at -$1,391.

The BTC/USD 1W K-line chart below from TradingShot shows previous bottom patterns and buy areas in BTC price history since 2013. the K-line chartist asks if the June 2021 low is the bottom of the BTC bear market or if the $29,000 level will be tested again. Of course, if the price of BTC falls to the $29,000 level, the likelihood of a test of the $20,000 or more specifically the $19,800 level increases dramatically.

Bitcoin Analysis Buying areas of BTC price history since 2013

The Fear and Greed Indexes are 20 Extreme Fear and -6 Sunday readings of 26 Fear.

Fear and Greed Fear and Greed Index is 20 Extreme Fear

Bitcoin's moving average: 20 days [$40,589.37] 50 days [$42,421.80] 100 days [$50,231.21] 200 days [$45,514.37], year to date [$40,870.36].

BTC's 24-hour price range is $37,421-$39,851 and its 7-day price range is $34,740-$39,851. Bitcoin's 52-week price range is $29,341 to $69,044.

The price of bitcoin on this date last year was $44,970.

The average price of BTC over the past 30 days is $40,242.

Bitcoin's price [-3.56%] closed at $37,374 on Sunday.

Ether Analysis

The price of Ether fell more than 5% on Sunday, closing the last daily candle of the week at -$160.22.

The ETH/USD 4HR K-chart below from nichtserai shows the possibility of a double bottom in ETH price at the 0.786 Fibonacci level [$2,384.84]. Bullish Ether traders are now trying to rally back above 0.618 [$2,908.02] with a secondary target of 0.5 [$3,275.50].

Bearish ETH market participants are looking to push the price of ETH below 0.786 and test 1 [$1,718.41] which is a major inflection point on multiple time scales.

Ether Analysis Ether price potential

Ether's moving averages: 20 days [$2,864.17] 50 days [$3,155.58] 100 days [$3,685.83] 200 days [$3,218.27], year to date [$2,965.65].

ETH has a 24-hour price range of $2,596-2,937 and a 7-day price range of $2,336-2,937. Ether's 52-week price range is $1,353-$4,878.

The price of ETH on this date in 2021 is $1,416.

The average price of ETH over the last 30 days is $2,818.

The price of Ether [-5.77%] closed at $2,616.15 on Sunday and ended the day with three consecutive daily closes in green numbers.

Fantasy Analysis

The third K-chart we analyze today is the FTM/USDT 1D K-chart from FieryTrading. Fantom's price found support between $1.27-$1.64. The price of FTM rallied above the support level but fell back inside the support area during Sunday's daily trading session.

Bullish FTM traders are aiming for another break above the $1.64 level and a retest of secondary overhead resistance at $2.92, with a third target at $3.46.

Bearish Fantom traders are looking for a different outcome and pulling down the $1.27 level, which could lead to a sharp drop in FTM prices going forward.

Fantasy Analysis Fantom's price found support between $1.27 and $1.64

Fantom's 24-hour price range is $1.59-$1.81 and its 7-day price range is $1.34-$1.81. FTM's 52-week price range is $0.153-$3.46.

Fantom's price for this date last year was $0.418.

The average price of FTM over the past 30 days is $1.94.

Fantom's price [-10.45%] closed at $1.58 on Sunday.

The post Bitcoin ($37K), Ether ($26K), Fantom Price Analysis appeared first on The Cryptonomist.