Price analysis 2/4: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX By Cointelegraph

Price analysis 2/4: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Cryptocurrency Feb 05, 2022 04:20PM ET

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Price analysis 2/4: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Bitcoin (BTC) and Ether (ETH) are attempting to build upon their recent recovery as the U.S. equity markets try to resume their relief rally, backed by strong results by Amazon (NASDAQ:AMZN). Bollinger Bands creator John Bollinger recently tweeted that Ether looked to be in a good spot to be added to his existing long positions.

The Purpose Bitcoin exchange-traded fund also witnessed its third-largest inflow on Feb. 1, according to Glassnode data. This suggests that traders may have started accumulating Bitcoin at lower levels.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

LUNA/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

AVAX/USDT daily chart. Source: TradingView

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Comments (1)

Trumpster Rocks Feb 05, 2022 4:29PM ET

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Pr's been pumping All Week long all day long. Wonder who paid them to do all that pumping. Total Farce with Shorts being Squeezed out of positions. Will fall back down just like Fridays Fake bull session.

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