Bitcoin, Ethereum, Binance Coin Price Analysis

by James · September 7, 2022

Table of Contents

Bitcoin Analysis

Bitcoin’s price finally sent well below the 2017 all-time high of $19,891 on Tuesday, and by the time the day’s session ended, BTC’s price had bearishly engulfed the daylight and was -$1,004.

The first chart we look at this Tuesday is BTC/USD 1D Chart below of ICE-Forex. BTC’s price trades between the 0 fibonacci level [$18,718.9] and 0.236 [$20,114.1]at the time of writing.

The overhead targets for bullish traders if somehow they can’t respect the technical suggests is, 0.236, 0.382 [$20,977.2]0.5 [$21,674.9]0.618 [$22,372.5]and 0.786 [$23,365.7].

Bearish BTC traders on the other hand is looking to push BTC’s price below the 0 fib level [$18,718.9] with an eventual target of a retest of BTC’s 12-month low of $17,611.

Bitcoin Analysis — BTC/USD 1D chart: price is trading between the 0 fibonacci level [$18,718.9] and 0.236 [$20,114.1]

The fear and greed index is 24 Extreme fear and is +2 from Tuesday’s reading of 22 Extreme Fear.

Bitcoin’s Moving Average: 5-day [$19,964.91]20 days [$21,753.38]50 days [$21,769.38]100 days [$25,956.29]200 days [$34,673.88]Year to date [$32,736.66].

BTC’s 24-hour price range is $18,649-$20,180 and its 7-day price range is $18,649-$20,392. Bitcoin’s 52-week price range is $17,611-$69,044.

The price of Bitcoin on this date last year was $46,778.

The average price of BTC for the last 30 days is $21,841.8 and its -12.4% over the same time frame.

Bitcoin’s price [-5.09%] closed its daily candle worth $18,786.1 on Tuesday and in the red for the fourth time in the last five days.

Ethereum analysis

Ether price wasn’t trading as badly in percentage terms as BTC’s price on Tuesday, but still fell significantly [-$59.65] for his daily session.

Today’s second chart for analysis is ETH/USD 1D Chart below of DannyC914. ETH’s price trades between the 1 fibonacci level [$1,523.54] and 0.618 [$1,717.54]at the time of writing.

The overhead objectives of those that remain short-term bullish on Ether is 0.618, 0.382 [$1,837.39]and full retracement at 0 [$2,031.39].

Reverse, bearish traders which are short, the ETH market is looking to put the 1 fib level to the downside with the ultimate goal of setting a new 12 month low below $883.62.

Ethereum analysis — ETH/USD 1D chart: price trades between the 1 fibonacci level [$1,523.54] and 0.618 [$1,717.54]

Ether’s Moving Average: 5-day [$1,595.14]20 days [$1,706.81]50 days [$1,525.98]100 days [$1,760.15]200 days [$2,493.65]Year to date [$2,290.50].

ETH’s 24-hour price range is $1,555-$1,687.4 and its 7-day price range is $1,522.77-$1,687.4. Ether’s 52-week price range is $883.62-$4,878.

The price of ETH on this date in 2021 was $3,422.38.

The average price of ETH for the last 30 days is $1,689.5 and +3.19% in the same period.

Ether price [-3.69%] closed its daily candle on Tuesday worth $1,557.84 and in the red for the first time in three days.

Binance coin analysis

The third chart we look at this Wednesday is BNB/USD 1D Chart below from Obavic 2002. BNB’s rate trades between the 0.764 fib level [$257.37] and 0.618 [$296.87]at the time of writing.

With BNB’s price breaking a long-term trend line on the daily time scale recently, it is going to be a real challenge for bullish traders to reverse course at this level, but they have support at the $257.37 level. Above that level, the targets for bullish traders are 0.618, 0.5 [$328.8]0.382 [$360.72]and 0 [$464.07].

The primary one bearish the target on BNB is 0.764 with a secondary target of 1 [$193.52]. The targets below the 1 fib level are 1,382 [$90.17]and 1,618 [$26.32].