Bitcoin Analysis
Bitcoin’s price marked-up again on Sunday to the tune of 1.04% and was +$175.4 for its daily trading session.
We’re leading-off a new week of crypto price analyses with the BTC/USD 1D chart via wavesurferXBT. At the time of writing, BTC’s price is trading between the 0.236 fibonacci level [$16,907.04] and the 0.382 fib level [$17,778.07].
If BTC’s price can hold the 0.236 fib level and again reclaim the $17k level they’ve a secondary fib target of 0.382 [$17,778.07]. Above that level the targets on BTC are 0.5 [$18,482.04], 0.618 [$19,186.02] and 0.786 [$20,188.30].
Bearish BTC traders have another objective however, they’re aiming to send BTC’s price below the 0.236 fib level with a secondary target of a full retracement on the BITSTAMP chart of 0 [$15,499.09].
Bitcoin’s Moving Averages: 5-Day [$16,799.82], 20-Day [$16,917.56], 50-Day [$17,344.80], 100-Day [$18,612.69], 200-Day [$23,702.69], Year to Date [$16,799.82].
BTC’s 24 hour price range is $16,911-$17,186 and its 7 day price range is $16,619-$17,186. Bitcoin’s 52 week price range is $15,505-$48,162.9.
The price of bitcoin on this date last year was $41,841.9.
The average price of BTC for the last 30 days is $16,896.3 and its -0.9% over the same period.
Bitcoin’s price [+1.04%] closed its daily candle worth $17,119.1 on Sunday and BTC’s finished in positive figures for six of the last eight days.
Ethereum Analysis
Ether’s price followed the macro cryptocurrency market capitalization higher on Sunday and when traders settled-up, ETH’s price was +$24.35.
The ETH/USD 1W chart below by cryptoonchain is the next chart we’re looking at for this Monday. ETH’s price is trading between the 0.236 fibonacci level [$1,217.99] and the 0.382 fib level [$1,971.09].
Overhead targets on Ether are 0.382, 0.5 [$2,579.76], 0.618 [$3,188.43], 0.786 [$4,055.02], and the 1 fib level [$5,158.88].
Conversely, those still anticipating further downside on Ether have targets of 0.236, 0.146 [$753.75], and the 0.09.02 fib level.
Ether’s Moving Averages: 5-Day [$1,240.28], 20-Day [$1,232.84], 50-Day [$1,276.58], 100-Day [$1,365.35], 200-Day [$1,664.78], Year to Date [$1,240.28].
ETH’s 24 hour price range is $1,257.33-$1,296 and its 7 day price range is $1,257.33-$1,296. Ether’s 52 week price range is $883.62-$3,579.96.
The price of ETH on this date in 2022 was $3,150.42.
The average price of ETH for the last 30 days is $1,231.67 and its -0.53% for the same stretch.
Ether’s price [+1.93%] closed its daily session on Sunday worth $1,288.25 and in green digits also for the sixth time over the last eight daily trading sessions.
Near Protocol Analysis
Near Protocol’s price finished Sunday’s daily candle back above the $1.6 level for the first time since December 14th, 2022. NEAR also marked-up more than 29% last week and finished Sunday’s daily session +$0.08.
We’re wrapping up our price analyses for this Monday with the NEAR/USD 3D chart by AlanSantana. At the time of writing, NEAR’s price is trading just below the 0.236 fibonacci level [$1.7429].
If bullish traders want to flex their muscles and continue their ascent on the 3D chart they’ve to regain the 0.236 fib level and then the 0.382 fib level [$2.0649]. Above the 0.382 are targets on NEAR of 0.5 [$2.3552], 0.618 [$2.5854], 0.786 [$2.9560], 1.618 [$4.7911], and the 2.618 [$6.9968].
The targets on NEAR to the downside are 0.236 and below that level the next target is NEAR’s 12-month low of $1.23.
Near Protocol’s Moving Averages: 5-Day [$1.5218], 20-Day [$1.4398], 50-Day [$1.8216], 100-Day [$2.7883], 200-Day [$5.0146], Year to Date [$1.4882].
Near Protocol’s 24 hour price range is $1.51-$1.65 and its 7 day price range is $1.51-$1.70. NEAR’s 52 week price range is $1.23-$20.44.
Near Protocol’s price on this date last year was $13.52.
The average price of NEAR over the last 30 days is $1.45 and its -10.34% for the same span.
Near Protocol’s price [+5.51%] closed its daily candle worth $1.64 on Sunday and like BTC and ETH, NEAR’s finished in green figures for six of the eight previous days.
Source: https://en.cryptonomist.ch/2023/01/09/crypto-analysis-bitcoin-ethereum-near-protocol/