Bitcoin’s price began to catch some bids during the day’s second 12-hour candle and closed its daily session +$394 after spending the first half of Monday with a lack of demand.
The BTC/USD 1D chart below from 4db945942590450a93d1f66a8885ad shows BTC’s price trading in the middle of its range on the daily time frame. Bitcoin is currently trading in a roughly $7k range between the 0.5 fib level [$33,602.71] and overhead resistance at the 0.618 fib level [$40,798.04].
Bearish BTC traders were able to send BTC’s price down to test the 0.5 fib before BTC bulls stepped in and defended that fibonacci level with a strong bounce after touching $33,172 for a daily session low.
Bullish BTC traders are trying to crack the 0.618 and have a secondary target on the daily timescale of 0.786 [$51,042.23]. Conversely, bearish BTC traders are hoping to retest Monday’s lows and breach the 0.5 fib with a daily close before sending BTC’s price lower to the 0.382 fib level [$26,407.38].
Bitcoin is currently trading in a roughly $7k range
The Fear and Greed Index is 12 Extreme Fear and -1 from Monday’s reading of 13 Extreme Fear.
The Fear and Greed Index is in the Extreme Fear zone
Bitcoin’s Moving Averages: 20-Day [$43,167.48], 50-Day [$49,021.60], 100-Day [$51,777.71], 200-Day [$46,890.95], Year to Date [$42,184.89].
BTC’s 24 hour price range is $33,172-$37-475 and its 7 day price range is $33,172-$43,308. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $32,375.
The average price of BTC for the last 30 days is $43,764.
Bitcoin’s price [+1.09%] closed its daily candle worth $36,702 and in green figures for a second straight day.
Ether’s price didn’t catch the same number of bids on Monday as BTC’s price and closed its daily candle -$99.64.
The ETH/USD 1D chart below from stikytrading paints a rather bleak picture for the current status of Ether’s price. ETH’s broken all major support levels above its current price on the 1D timescale and is basically in limbo between $1,800 and the 100.00% fib [$2,765.50].
ETH has broken all major support levels above its current price
Ether’s Moving Averages: 20-Day [$3,323.99], 50-Day [$3,839.88], 100-Day [$3,795.89], 200-Day [$3,253.08], Year to Date [$3,220.04].
ETH’s 24 hour price range is $2,180-$2,551 and its 7 day price range is $2,180-$3,257. Ether’s 52 week price range is $1,238-$4,878.
The price of ETH on this date in 2021 was $1,323.
The average price of ETH for the last 30 days is $3,372.
Ether’s price [-3.92%] closed its daily candle on Monday worth $2,440.81 and ETH’s closed in red digits for seven of the last eight days.
Polkadot’s price also didn’t see the increase in demand like BTC’s price did on Monday and closed -$.80.
We’re looking today at the DOT/USD 1D chart and the most integral levels of focus for DOT traders.
DOT’s price traded on Monday between the 78.60% fib level [$19.90] and the 88.60% fib level [$15.44]. Bulls are looking at overhead resistance at the 61.80% fib [$27.40] if they can get past the 78.60% fib.
Conversely, bearish DOT traders are attempting to again test daily sesion lows and send DOT’s price back down to the 88.60% fib with a clean break of that level and a secondary target of a 100.00% retracement at [$10.34].
The most integral levels of focus for DOT traders.
Polkadot’s Moving Averages: 20-Day [$25.69], 50-Day [$29.86], 100-Day [$34.12], 200-Day [$29.05], Year to Date [$25.23].
Polkadot’s 24 hour price range is $15.98-$18.7 and its 7 day price range is $15.98-$25.91. DOT’s 52 week price range is $10.37-$54.98.
Polkadot’s price on this date last year was $17.26.
The average price for DOT over the last 30 days is $25.94.
Polkadot’s price [-4.22%] closed its daily session on Monday valued at $18.02 and DOT’s also closed in red figures for seven of the last eight days.
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