Skip to content

Bitcoin Trading News

Trading Digital Currency

Primary Menu
  • Home
  • Bitcoin
  • News
  • Apps
  • Mining
  • Exchanges
  • Brokers
  • Sitemap
  • Home
  • Bitcoin
  • Bitcoin v Ethereum – An Analysis of Their 20-Day EMA & 50-day SMA
  • Bitcoin
  • Crypto News
  • Ethereum (ETH)
  • Price Analysis

Bitcoin v Ethereum – An Analysis of Their 20-Day EMA & 50-day SMA

Arthur Hendricks December 5, 2021 2 min read

Bitcoin is still facing difficulty in going above the price range of US$ 60,000. However, this difficulty does not seem to be applicable to altcoins which are still making upward progress efficiently. In fact, their upward movement is so boosted that they are nearing their ever best values.

The month of November saw a decline of 7% in the value of Bitcoin. This was in total negation of the prediction of US$ 98,000 stemming from the widely known “Plan B”. Bitcoiners yet believe that it was a great opportunity that somehow was missed by Bitcoin. In the meanwhile, Bitcoiners have now glued their eyes towards the happening of “Santa Claus” rally for Bitcoin. They are expected that Bitcoin might repeat the 2020’s history when, because of the Santa Claus rally, Bitcoin’s value rose to 47%. The Santa Claus rally was also seen in 2017. At that time, the value of Bitcoin surged by at least 80% i.e. all-time high in any Santa Claus rally.

In contrast to Bitcoin, Ethereum’s prior year-end progress is very promising. Although Ethereum’s present value is US$ 4,477 per Ether coin, yet on 1st December, the value suddenly increased to US$ 4,868.

Ethereum has however started to witness the triggering of its 20-day Exponential Moving Average (EMA). In addition, the Relative Strength Index (RSI) for Ethereum too has started to creep in and is on the plus side. This means that Ethereum is in control of the bulls. In case the bulls take their turn, then it is likely that the price of Ethereum will go past US$ 4,868. If that happens then this will overturn prospective head and shoulders, which is widely known as the pattern of “H&S”.

If the H&S pattern is triggered, then the Ethereum pair with USDT will move towards its targeted value of US$ 5,796. However, if there is no triggering of the H&S pattern, then Ethereum bears will lead the value down to US$ 4,289 i.e. the 50-day SMA.

On the contrary, Bitcoin’s 20-day EMA is rather snugly and trying to reach the price range of US$ 58,463 since 30th November. With regard to Bitcoin, this simply means that bears are trying their best to shield the 20-day EMA. Yet the bears haven’t yielded any positive results so far.

Meanwhile, Bitcoin investors are trying their best to take Bitcoin’s value across the 20-day EMA through buying. If such buyers somehow become successful in doing so, then it would reduce the selling pressure. Again, if this happens, then it will boost the 50-day Simple Moving Average (SMA) for the BTC/USDT pair where the value expected is US$ 60,828. In case selling pressure is not reduced and there is no boost in 50-day SMA, then Bitcoin’s value can go down to US$ 54,343.

Continue Reading

Previous: More Than 90% of Crypto Surveys Are Based On Lies And Far From Truth
Next: $4.36 Million Raised by Solice for Metaverse, May Boost Metaverse Sector’s Overall Performance

Recent Posts

  • Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

    Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

  • Binetrix Review – A Variety of Educational Materials to Help You Trade

    Binetrix Review – A Variety of Educational Materials to Help You Trade

  • Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

    Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

  • UniTrust Venture Review – Is This A Versatile Online Trading Brand?

    UniTrust Venture Review – Is This A Versatile Online Trading Brand?

  • Axia review – Is this a legit CFD broker?

    Axia review – Is this a legit CFD broker?

  • TRADE.com Review – What Does This Broker Offer Traders In 2023

    TRADE.com Review – What Does This Broker Offer Traders In 2023

  • TradeSmart Academy Review – 3 Ways It Makes Learning Easy for Traders

    TradeSmart Academy Review – 3 Ways It Makes Learning Easy for Traders

  • Trades Universal Review – A Broker with a Great Vision

    Trades Universal Review – A Broker with a Great Vision

  • Why Choose Copy Trading Over Other Forms of Trading?

    Why Choose Copy Trading Over Other Forms of Trading?

  • Predictions For Big Eyes Coin Are Quite Hopeful

  • A Group Of Influential Us Senators Introduce Legislation Addressing The Crypto Industry

    A Group Of Influential Us Senators Introduce Legislation Addressing The Crypto Industry

  • Bill That Will Strengthen Crypto-money Laundry Regulations

    Bill That Will Strengthen Crypto-money Laundry Regulations

  • BTC Soars To A New Monthly High After The US CPI Report

    BTC Soars To A New Monthly High After The US CPI Report

  • FSB Intends to Establish Cryptocurrency Regulation Rules

    FSB Intends to Establish Cryptocurrency Regulation Rules

  • Ledger Stax With Tony Fadell Joining The Dev Team

    Ledger Stax With Tony Fadell Joining The Dev Team

  • The Crypto Market Is In Bad Shape, But Investors Are Still Bullish

    The Crypto Market Is In Bad Shape, But Investors Are Still Bullish

  • Michael Zetser’s Unique Approach to Fixing the Fintech Industry

    Michael Zetser’s Unique Approach to Fixing the Fintech Industry

  • Mobile Is Still The Biggest Technological Platform For Crypto

    Mobile Is Still The Biggest Technological Platform For Crypto

  • SushiSwap Wants to Restructure to Avoid Insolvency

    SushiSwap Wants to Restructure to Avoid Insolvency

  • Crypto Miners Have To Look For New Havens As Kazakhstan Tightens Regulations

    Crypto Miners Have To Look For New Havens As Kazakhstan Tightens Regulations

  • ‘Programming Languages’ A Key To Improving Security Of DeFi Protocols And Crypto Industry

    ‘Programming Languages’ A Key To Improving Security Of DeFi Protocols And Crypto Industry

  • Market Interest Keeps Growing in Oryen, Early Investors Enjoy 140% Gains Already

    Market Interest Keeps Growing in Oryen, Early Investors Enjoy 140% Gains Already

  • Cardano’s Opportunity to Shine Fades Due to Stablecoin Development Issues

    Cardano’s Opportunity to Shine Fades Due to Stablecoin Development Issues

  • Despite Launch of ApeCoin DAO Marketplace, ApeCoin Prices Have Fallen By 3.42%

    Despite Launch of ApeCoin DAO Marketplace, ApeCoin Prices Have Fallen By 3.42%

  • Huobi Adds An Extra Layer Of Security Around Its HBTC H-Token

    Huobi Adds An Extra Layer Of Security Around Its HBTC H-Token

  • XRP Observes a Strong Rally That Has Pushed It to 3-Week High

    XRP Observes a Strong Rally That Has Pushed It to 3-Week High

  • Cryptocurrencies to Face Tighter Regulations in Africa, Advise by IMF

    Cryptocurrencies to Face Tighter Regulations in Africa, Advise by IMF

  • ETH’s Trading Price Has Recorded A Plunge, Fears A Further Dip Below $1,000

    ETH’s Trading Price Has Recorded A Plunge, Fears A Further Dip Below $1,000

  • Cardano To Hype Its Adoption As It Wants To Launch A New Stablecoin

    Cardano To Hype Its Adoption As It Wants To Launch A New Stablecoin

  • SNM Trading Prices Surge By 4,000%, Users Expect A Pump And Dump Scheme

    SNM Trading Prices Surge By 4,000%, Users Expect A Pump And Dump Scheme

You may have missed

Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?
3 min read
  • Reviews

Fast Refund Group Review, Fastrefundgroup.com – Is FastRefundGroup Scam Or A Trusted Broker?

March 20, 2023
Binetrix Review – A Variety of Educational Materials to Help You Trade
3 min read
  • Cryptocurrency Brokers

Binetrix Review – A Variety of Educational Materials to Help You Trade

March 19, 2023
Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public
2 min read
  • Bitcoin

Protocol Labs Partnership with Accounting Firm Cryptio to Facilitate Filecoin Miners Go Public

March 15, 2023
UniTrust Venture Review – Is This A Versatile Online Trading Brand?
3 min read
  • Cryptocurrency Brokers
  • Reviews

UniTrust Venture Review – Is This A Versatile Online Trading Brand?

February 7, 2023
Bitcoin Trading News | MoreNews by AF themes.