The price of Bitcoin closed Tuesday’s daily candle with a slight decline [-$907]. BTC’s price struggles to crack $58,323 but also holds that level and closes above it on the daily time frame. This level is crucial for market participants on BTC’s 4HR chart. The BTC/USD 1W chart from PeterLBrandt lets traders visualize the strength and parabolic curve of Bitcoin dating back to December 2018.Bullish bitcoin traders point to this parabolic curve. The duration of this pattern is further evidence that bitcoin is heading up before the bull cycle ends.
Fear and Greed Index
The Fear and Greed Index is now 34 Fear and -6 compared to yesterday’s readings of 40 Fear. Bitcoin trades below its 50 Day MA [$57 468] at the time this article was written, but above its 100 Day MA ($50,353) and above its 200 Day MA ($48,699].
BTC’s 24-hour range is $56,157-$59.184, and its 7-day range is $53,827–$59.206. Bitcoin’s 52-week price range for Bitcoin is $17764-$69 044. Bitcoin’s price on this date last Year was $18,857
BTC has been selling at $60,773 an average over the past 30 days. Bitcoin [-1.57%] ended its daily candle at $56,938. It was in red on Tuesday, for the first time.
Ethereum Analysis
On Tuesday, Ether’s price action diverged slightly from BTC’s and ended its daily candle at +$188.4. Ethereum dominance is at its highest point since early 2018, and accounts for 20% of total crypto market capitalization as of the time of writing.
Below CRYPTOPICKK, the ETH/USD 1D chart shows overhead targets for Ether bulls as 1 [$4,686] or 1.618 [$6,533.76].
Ether’s trading is above all important moving averages: its 50 Day MA ($3,998), 100 Day MA ($3,476), and 200 Day MA ($2,906]. ETH’s 24-hour price range ranges from $4,372-$4,740 and its 7-day range is between $4,021-$4,683. The 52-week price range for Ether is $541.28-$4,878.
This date in 2020, the price of ETH was $589.58. The average price for ETH in the last 30 days was $4,433. Ether [+4.24%] ended its daily candle Tuesday at $4,631.22 for a fourth consecutive day in the green numbers.
DOT Analysis
Polkadot’s prices continued to climb on Tuesday, and it finished its daily candle 77
Below is the DOT/TetherUS 4h chart from Andy1GP. It shows the most important targets of DOT market participants.
Polkadot bulls aim to hold the 0.38 fib [$39.60] level and flip it to support. The DOT bulls have two targets above that price: 0.5 [$42.14] or 0.618 [$44.84].
Bearish DOT traders, on the other hand, seek a break at the 0.236 [$36.67] to send DOT’s prices lower than they have been since its recent all-time high of $54.98 [27 Days Ago].
Despite being +8% over the past 90 days, DOT is trading below it 50 Day Moving Average [$40.25]. DOT’s price remains above its 100-Day Moving Average [$31.96] or its 200-Day Moving Average [$30.98].
DOT’s 24-hour price range for DOT is $35.55-$39.07 and its 7-day price range for DOT is $33-$40.89. Polkadot’s 52 week price range is $4.61 – $54.98.