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BTC, ETH and UNI Price Analysis for April 22

Price Predictions
Thu, 04/22/2021 - 16:05
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Denys Serhiichuk
How long is Bitcoin (BTC) going to trade sideways against the rising altcoins?
BTC, ETH and UNI Price Analysis for April 22
Cover image via U.Today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The market is neither totally bullish nor bearish as some coins are already located in the green zone, while others have come back to red.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data for Bitcoin (BTC), Ethereum (ETH) and Uniswap (UNI):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,018,303,575,192 $54,480.88 $63,581,463,272 -2.16%

Ethereum

ETH

$298,871,152,682 $2,587.90 $47,123,756,561 8.17%

Uniswap

UNI

$19,240,426,569 $36.76 $2,372,576,531 14.30%

BTC/USD

Bitcoin (BTC) is the only coin from our list that is still located under bearish influence. It has fallen by 2.16% over the past day.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) keeps trading sideways. However, after a bearish candle, buyers have seized the initiative and continue pushing the rate up. In this case, there are chances to attain the area of MA 50, around the $56,800 mark.

Bitcoin is trading at $54,540 at press time.

ETH/USD

Ethereum (ETH) has set the new peak today at the level of $2,606. The rise is 8.17%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Applying the Fibonacci retracement on the chart, the peak may be located at the level of $3,200.

Related
BTC, ETH, XRP, BNB and ADA Price Analysis for April 21

However, at the moment, the coin is overbought and consolidation in the range of $2,500-$2,600 is the most likely scenario for the upcoming days.

Ethereum is trading at $2,587 at press time.

UNI/USD

Uniswap (UNI) is the biggest gainer today as the rate of the altcoin has risen by 14%.

UNI/USD chart by TradingView
UNI/USD chart by TradingView

Despite the sharp growth, UNI is not going to stop rising. On the daily chart, it is about to reach the vital resistance level at $40.06. If bulls break it, the coin might show sharp growth.

UNI is trading at $37.09 at press time.

 
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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.