Bitcoin, Ethereum, FTX [FTT] Price Analyses

Bitcoin Analysis 

The Bitcoin price snapped a streak of four consecutive daily candle closes in red figures on Monday and finished its daily session +$468.9.

The first Bitcoin chart we’re examining today is the lower time frame chart of the two, the BTC/USD 1W chart below from the_dailytrader. Market participants can see that BTC’s price is still trading near the top of its current range but is basically in no man’s land without real support for bullish traders until a full retracement back to 0 [$32,764.07]. 

BTC’s price is still trading near the top of its current range

The second BTC chart we’re looking at today is from VincePrince. This chart shows how pivotal the $38,6k level is to hold on the 4HR timescale for bullish traders. Below the $38,6k level, bulls will once again find themselves in the bearish continuation zone.

Bitcoin levels

The Fear and Greed Index is 46 Neutral and even to Monday’s reading. 

The Fear and Greed Index is 46

Bitcoin’s Moving Averages: 20-Day [$39,969.16], 50-Day [$43,820.25], 100-Day [$51,032.05], 200-Day [$45,708.25], Year to Date [$41,211.60].

BTC’s 24-hour price range is $41,715-$42,856 and its 7-day price range is $41,715-$45,481. Bitcoin’s 52-week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $49,238. 

The average price of BTC for the last 30 days is $40,241. 

Bitcoin’s price [+1.11%] closed its daily candle worth $42,559.9 on Monday.

Ethereum Analysis 

Ether’s price also rebounded on Monday after four days of selling and finished its daily session +$57.95.

The ETH/USD 4HR chart below from CLTullmann shows the most integral levels to control in the interim for bullish and bearish traders alike. Bullish ETH market participants are trying to stay above the 0.382 [$2,821.06]. If bullish traders can hold the 0.382, their next target is to regain the 0.5 [$3,124.7] once again with a secondary target of 0.618 [$3,428.35].

Conversely, bearish traders are seeking to push Ether’s price below 0.382 and back down to retest the 0.236 fib level [$2,445.37]. Below that, bearish Ether traders have a third target of 0 [$1,838.08].

Most integral level of Ethereum

Ether’s Moving Averages: 20-Day [$2,806.12], 50-Day [$3,357.08], 100-Day [$3,731.72], 200-Day [$3,238.74], Year to Date [$3,015.21].

ETH’s 24-hour price range is $2,845-$2,961 and its 7-day price range is $2,845-$3,261. Ether’s 52-week price range is $1,353-$4,878. 

The price of ETH on this date in 2021 was $1,775.

The average price of ETH for the last 30 days is $2,861. 

Ether’s price [+2.02%] closed its daily candle on Monday, valued at $2,928.97.

FTX [FTT] Analysis

FTT’s price finished its daily session on Monday in green figures for a third straight day and +$0.52.

The FTX/USD 1D chart below from sophonspeedking3 shows FTT’s price currently trading in between the 0 fib level [$35.04] and 0.236 [$48.49]. 

Bullish FTX traders seek to reclaim the 0.236 fib again with a secondary target of 0.382 [$56.8] and the third target of 0.5 [$63.53]. 

Bearish FTX market participants, on the other side, are looking for a full retrace back to the $35 level, which, if snapped, could lead to a trip back down to the $22.6 level over time.

FTT’s price is currently trading in between the 0 fib level [$35.04] and 0.236 [$48.49]FTT’s price has been +114.9% against the U.S. Dollar for the last 12 months, +145.9% against BTC, and +32.52% against ETH, at the time of writing.

FTT’s 24-hour price range is $43.5-$44.91, and its 7-day price range is $43.04-$48.27. FTT’s 52-week price range is $18.81-$84.18. 

FTT’s price on this date last year was $20.15.

The average price of FTT over the last 30 days is $42.85. 

FTT’s price [+1.17%] closed its daily candle worth $44.88 on Monday. 

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