Bitcoin Analysis
Bitcoin’s price rallied during Monday’s final hourly candle and buyers pulled another power hour move to close the daily session just marginally in negative figures [-$35].
The first chart we’re looking at for this Tuesday is the BTC/USD 4HR chart below from howard2535. BTC’s price is trading between the 0.5 fibonacci level [$22,695.85] and 0.382 [$23,163.56], at the time of writing.
The overhead targets on bitcoin for bullish BTC market participants are 0.382, 0 [$24,677.69], and 1 [$25,217.88].
Bearish traders are trying to again crack the 0.5 fib level with a secondary target of 0.618 [$22,228.14]. The third target for BTC bears is 0.786 [$21,562.24].
The Fear and Greed Index is 31 Fear and is -2 from yesterday’s reading of 33 Fear.
Bitcoin’s Moving Averages: 5-Day [$22,959.58], 20-Day [$21,809.27], 50-Day [$23,782.11], 100-Day [$31,392.66], 200-Day [$39,707.52], Year to Date [$34,571.23].
BTC’s 24 hour price range is $22,879-$23,499 and its 7 day price range is $20,783-$24,581. Bitcoin’s 52 week price range is $17,611-$69,044.
The price of bitcoin on this date last year was $39,156.
The average price of BTC for the last 30 days is $21,588.1 and its +17.8% for the same duration.
Bitcoin’s price [-0.15%] closed its daily candle worth $23,259 on Monday and in red figures for a fourth consecutive day.
Ethereum Analysis
Ether’s price sold-off nearly 3% on Monday and when traders settled-up at the daily candle close ETH was -$49.92.
The second chart for analysis this Tuesday is the ETH/USD 1D chart below by XTrendSpeed. Ether’s price was rejected numerous times at the $1,800 level as shown below and has reversed course to the downside. Ether’s price is trading between 0.382 [$1,491.48] and 0 [$1,801.45], at the time of writing.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
Bullish Ether traders have a primary overhead target still of 0.382 [$1,801.45]. Those looking for further upside yet need to break that fib level and secure candle…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
