• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023

Ukraine Stands Strong: The SpendWithUkraine.com Initiative

February 2, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Trading»Bitcoin led the macro crypto market higher on Monday
Trading

Bitcoin led the macro crypto market higher on Monday

Donald MunnBy Donald MunnJuly 6, 2022Updated:September 29, 2022No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin Analysis 

Bitcoin’s price closed back above an important inflection point on Monday [$19,891] and concluded its daily session $+78.8.  

The first chart we’re analyzing for Tuesday is the BTC/USD 1D chart below from otwa2113. BTC’s price is trading between the 0 fibonacci level [$18,903.65] and 0.618 [$27,232.15] at the time of writing.

The targets for bullish BTC traders to the upside are 0.618, 1 [$32,380.15], and 1.272 [$36,041.81].

From the bearish perspective, they’re aiming to push BTC’s price below the 0 fib level with a secondary target of $13,740.97.

Bitcoin Analysis BTC/USD 1D chart: the price is trading between the 0 fibonacci level [$18,903.65] and 0.618 [$27,232.15]Bitcoin’s Moving Averages: 5-Day [$19,573.97], 20-Day [$22,552.32], 50-Day [$28,459.32], 100-Day [$35,074.06], 200-Day [$43,048.77], Year to Date [$36,515.48].

The Fear and Greed Index is 19 Extreme Fear and is +5 from Monday’s reading of 14 Extreme Fear.

Fear and Greed The Fear and Greed Index is 19 Extreme Fear

BTC’s 24 hour price range is $19,050-$20,343 and its 7 day price range is $18,817-$21,108. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $33,668. 

The average price of BTC for the last 30 days is $23,187.4 and its -34.5% over the same duration. 

Bitcoin’s price [+4.74%] closed its daily candle worth $20,224 on Monday and in green figures for a second consecutive day.

Ethereum Analysis 

Ether also marked-up in price on Monday and concluded its daily session +$77.21. 

The second chart we’re looking at for Tuesday is the ETH/USD 4HR chart below by EthanTW. ETH’s price looks to potentially be forming a Head & Shoulders pattern on the 4HR timescale.

Ether’s price is trading between the 0.382 fib level [$1,080.98] and 0 [$1,115.00], at the time of writing.

The overhead targets for Ether bulls are the 0 fib level followed by the $1,400-$1,500 level. 

The target to the downside for Ether bears are 0.382, 0.5 [$1,070.47], and 0.618 [$1,059.97].

Ethereum Analysis ETH/USD 4HR chart: the price is trading between the 0.382 fib level [$1,080.98] and 0 [$1,115.00]Ether’s Moving Averages: 5-Day [$1,081.76], 20-Day [$1,258.82], 50-Day [$1,838.15], 100-Day [$2,398.14], 200-Day [$3,064.58], Year to Date [$2,544.79].

ETH’s 24 hour price range is $1,045.57-$1,160.9 and its 7 day price range is $1,010-$1,229. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $2,195.73. 

The average price of ETH for the last 30 days is $1,300.57 and its -39.51% for the same time frame. 

Ether’s price [+7.19%] closed its daily candle on Monday worth $1,151.27 and in green figures for a third straight day.

Dogecoin Analysis

Dogecoin’s price followed the macro crypto market higher as well during its daily session on Monday and Doge concluded its day +$0.0023.

The third chart we’re looking at for Tuesday is the DOGE/USD 1W chart below from EdgarTigranyan. Dogecoin’s price is trading between 0.00% [$0.0519] and 23.60% [$0.1202], at the time of writing. 

Dogecoin bulls are looking overhead to break the 23.60% fib level followed by 38.20% [$0.162] and 50.00% [$0.196].

Bearish traders have targets to the downside of the 0 fib level with a secondary target of [$0.04]. 

DOGE/USD 1W chart: the price is trading between 0.00% [$0.0519] and 23.60% [$0.1202]Dogecoin’s Moving Averages: 5-Day [$0.066], 20-Day [$0.066], 50-Day [$0.086], 100-Day [$0.110], 200-Day [$0.155], Year to Date [$0.120].

Doge’s price is -72.7% against The U.S. Dollar for the last 12 months, -51.05% against BTC, and -42.62% against ETH over the same duration. 

Dogecoin’s 24 hour price range is $0.065-$0.069 and its 7 day price range is $0.062-$0.072. Doge’s 52 week price range is $0.049-$0.351. 

Dogecoin’s price on this date last year was $0.231. 

The average price of DOGE over the last 30 days is $0.067 and its -16.65% over the same timespan. 

Dogecoin’s price [+3.17%] closed its daily candle on Monday worth $0.0693 and in green figures for a fourth consecutive day.

The post Bitcoin led the macro crypto market higher on Monday appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

Bitcoin (20k), Ethereum (1.5k), Solana Price Analyses

September 1, 2022

Bitcoin (20k), Ethereum (1.5k), Algorand Price Analyses

September 1, 2022

Bitcoin (19k), Ethereum (1.4k), Binance Coin Price Analyses

September 1, 2022

Bitcoin (21k), Ethereum (1.6k), Chainlink Price Analyses

August 29, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023

Ukraine Stands Strong: The SpendWithUkraine.com Initiative

February 2, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.