Bitcoin’s price Analysis
De Präis vum Bitcoin made its highest daily candle close since August 18th, 2022 on Wednesday and finished the day’s session +$418 en route to a bullish engulfing candle on the daily time frame.
d' BTC/USD 12HR Grafik drënner duerch BWCPT is where we’re leading-off this Thursday’s price analyses. At the time of writing, De BTC Präis handelt tëscht dem 1 Fibonacci Niveau [$22,767.69] an dem 1.33 Fib Niveau [$25,159.03].
Bullish Händler firstly want to regain the 1.33 fib level with a secondary target after that level of 1.66 [$27,550.38].
Vum bearish perspective they’re aiming to usher in a larger move to the downside on wave 3 on the 12HR chart. Their targets to the downside are the 1 fib level, 0.66 [$20,303.89], 0.5 [$19,144.45], 0.33 [$17,912.54], and a full retracement at 0 [$15,521.20] to Bitcoin’s multi-year low on the BITSTAMP chart.
Den Angscht a Gier Index ass 54 Neutral and is +3 from Wednesday’s reading of 51 Neutral.
Bitcoin's bewegend Duerchschnëtt: 5-Day [$22,348.11], 20-Day [$19,149.96], 50-Day [$17,740.34], 100-Day [$18,601.08], 200-Day [$22,274.37], Joer bis Datum [19,434.97$].
BTC's 24 Stonne Präisbereich ass $22,324- $23,812 a seng 7 Deeg Präisbereich ass $20,678- $23,812. Bitcoin's 52 Woche Präisbereich ass $15,505- $48,162.9.
De Präis vum geschriwen op dësem Datum d'lescht Joer war $ 36,786.7.
Den Duerchschnëttspräis vu BTC fir déi lescht 30 Deeg ass $ 18,844.7 a seng +34.9% iwwer déiselwecht Spann.
Bitcoin Präis [+1.85%] huet seng deeglech Käerz am Wäert $ 23,045 Mëttwoch zougemaach.
Ethereum Analyse
Ether was the top performer of the assets covered today and finished Wednesday +$55.25.
d' ETH/USD 1D Grafik aus MillennialInvestmentsPros is the second chart we’re examining today. Ether’s price is trading between the 0 fibonacci level [$933.60] and 0.236 fib level [$1,552.36], zum Schreiwen.
Bullish Ether Händler have targets to the upside of the daily time frame of 0.236, 0.382 [$1,935.16], 0.5 [$2,244.54], 0.618 [$2,553.92], 0.786 [$2,994.40] and the 1 fibonacci level [$3,555.48].
The chartist posits that if ETH is unable to regain the 0.236 fib level that a retracement back to the $1,279.65 is forthcoming.
Ether's bewegend Duerchschnëtt: 5-Day [$1,591.58], 20-Day [$1,406.08], 50-Day [$1,297.50], 100-Day [$1,351.92], 200-Day [$1,555.67], Joer bis Datum [1,429.41$].
D'ETH's 24 Stonne Präisbereich ass $1,518- $1,641 a seng 7 Deeg Präisbereich ass $1,511.24- $1,641. Ether's 52 Woche Präisbereich ass $883.62- $3,579.96.
De Präis vun ETH op dësem Datum am 2022 war $ 2,461.30.
Den Duerchschnëttspräis vun der ETH fir déi lescht 30 Deeg ass $1,378.37 a seng +27.01% iwwer déiselwecht Dauer.
Ether Präis [+3.55%] closed its daily session on Wednesday worth $1,611.22 and in green figures for the first time in three days.
XRP Analyse
Ripple’s price also climbed higher during Wednesday’s trading session and when the day concluded, XRP was +$0.0101.
Déi lescht Diagramm fir Analyse dësen Donneschdeg ass den XRP/USD 1D Diagramm aus XRP-Jonny. Below we can see XRP’s price action during the bull market of 2017 on the left and on the right we can see the daily time frame, at the time of writing.
The chartist is alluding to the fact that these structures are similar and that market participants could see something play out in the future like 2017. The targets for bullish XRP Händler to the upside if price action mimics 2017’s price action are 0.382 [$0.453], 0.5 [$0.512], and the 0.618 fibonacci level [$0.579].
Bearish Händler conversely are targeting the 0.236 fibonacci level [$0.389] and 0 [$0.305].
XRP bewegend Duerchschnëtt: 5-Day [$0.412], 20-Day [$0.0.373], 50-Day [$0.376], 100-Day [$0.406], 200-Day [$0.404], Joer bis Datum [0.376$].
Dem Ripple seng 24 Stonne Präisbereich ass $ 0.3965- $ 0.4245 a seng 7 Deeg Präisbereich ass $ 0.3788 - $ 0.4245. XRP's 52 Woche Präisbereich ass $0.2876- $0.9126.
De Präis vun Ripple op dësem Datum d'lescht Joer war $ 0.618.
The average price of XRP over the last 30 days is $0.369 and its +17.52% over the same interval.
Ripple Präis [+2.48%] huet seng deeglech Käerz um Mëttwoch am Wäert vun $ 0.418 zougemaach.
Source: https://en.cryptonomist.ch/2023/01/26/bitcoin-price-bull-run-bull-trap/