Bitcoin rally
The price of Bitcoin turned the following Sunday a week of relentless pressure of the sale that plagued them aggregated cryptocurrency market.
The 1-week BTC / USD chart New bike shows the price of BTC holding at the 0.382 Fib level at $ 53,707 at the time of writing. Bitcoin’s price soared during the second 12-hour candle of the day, ending the day at + $ 2,489.
Bitcoin is aiming to hit the $ 60,000 mark again
The next level Bitcoin bulls are looking for overhead is the 0.236 fib level at $ 60,000. Bitcoin bears, however, are trying to break out of the 0.382 at $ 53.7,000 and then test the 0.5 fib at $ 48.9,000.
Another example of the importance of the USD 50,000 to 53,000 level across multiple time frames is the 1-day BTC / USD table from below Alireza Azarm.
BTC’s current trendline has more than 600 days on this timescale and if the trend is broken at USD 53,000 it could signal the start of a long bear market.
If Bitcoin breaks the $ 53,000 level, it could trigger a long bear market
the Fear and greed index is 33 fear and +6 from the Sunday reading of 27 fear.
The Fear and Greed Index is in the “Fear” zone
BTC’s 24-hour price range is between $ 53,672 and $ 57.748, and its 7-day price range is between $ 53,672 and $ 59,216. Bitcoin’s 52-week price range is between $ 17,579 and $ 69,044.
Bitcoin’s price on that date was $ 18,169 last year.
The average price of BTC over the past 30 days is $ 60,907.
Bitcoin [+4.54%] closed its day candle with a value of $ 57,325 and in green numbers Sunday for the third day of the last four days.
Ethereum analysis
The price of ether also rose on Sunday and closed the day candle on Sunday + $ 203.96.
An interesting chart for Ether traders is the 1-day ETH / USD chart below YM group shows the importance of the $ 3,650 level.
Ethereum trendline hits the $ 6k level
If the ether bulls manage to maintain the long-term trendline, their ultimate target on the top chart will be the USD 6.2k level.
The 24-hour ETH price range is $ 4,013 – $ 4,329 and the 7-day price range is $ 4,021 – $ 4,525. The 52-week price range for Ether is between $ 541.28 and $ 4,878.
The price of ETH on that date in 2020 was $ 574.75.
The average price of ETH over the past 30 days is $ 4,421.
ether [+4.98%] closed the daily candle a $ 4,297 Sunday and ended in green numbers on three of the last four days.
LUNA analysis
LUNA’s course was one of the front runners on Sunday and closed its daily candle + $ 6.23.
The MOON / USD 4 hour chart below from PredictionCity_World shows the LUNA breakout from a bear flag with 5 profit taking levels according to the chart.
Bullish traders could seek to take profits on LUNA if the price successfully tests its breakout again. The top targets for the bulls are $ 46.96, $ 48.67, $ 50.28, $ 52.43, and $ 54.99, respectively.
LUNA’s goals
Conversely, LUNA bears will target $ 42.23, $ 40.48, $ 37.94, and $ 35.29 lower if they can reverse the rate of LUNA’s price action.
The 24-hour price range from country is $ 42.67 – $ 50.41 and the 7 day card costs $ 38.06 – $ 50.41. LUNA’s 52-week price range is between $ 0.38 and $ 54.77.
The price of Terra on that day was $ 0.379 last year.
The average price of LUNA over the past 30 days is $ 46.41.
country [+14.18%] closed the day candle on Sunday for a Value of 50.15 Dollars and in green numbers for consecutive days.
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