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Bitcoin Price Prediction – Bulls Need to Revisit $43,000 or Face another Sell-off

Following a broadly bearish session on Tuesday, it’s been a broadly bullish morning for Bitcoin and the broader market.

At the time of writing, Bitcoin, BTC to USD, was up by 3.91% to $42,340.0.

A mixed start to the day saw Bitcoin fall to an early morning low $40,601.0 before finding support.

Steering clear of the first major support level at $39,076, Bitcoin rose to a late morning high $42,744.0.

In spite of the recovery, Bitcoin fell well short of the first major resistance level at $43,023.

The Rest of the Pack

It has also been a mixed morning for the broader crypto market.

Through the morning, Crypto.com Coin was down by 4.49% to buck the morning trend.

It’s been a relatively bullish morning for the rest of the majors, however.

At the time of writing, Cardano’s ADA and Ripple’s XRP were up by 7.83% and by 7.72% to lead the way.

Binance Coin (+5.39%), Bitcoin Cash SV (+3.70%), Chainlink (6.93%), Ethereum (+6.28%), Litecoin (+4.24%), Polkadot (+4.57%) also found strong support.

Through the early hours, the crypto total market cap fell to an early morning low $1,809bn before rising to a high $1,908bn. At the time of writing, the total market cap stood at $1,899bn.

Bitcoin’s dominance rose to an early morning high 42.59% before falling to a low 42.03%. At the time of writing, Bitcoin’s dominance stood at 42.02%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the 38.2% FIB of $41,592 and the $41,350 pivot to bring the first major resistance level at $43,022 into play.

Support from the broader market will be needed, however, for Bitcoin to break out from the morning high $42,744.0.

Barring a broad-based crypto rebound, the first major resistance level would likely cap any upside.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $45,297.

A fall back through the 38.2% FIB of $41,592 and the $41,350 pivot would bring the first major support level at $39,076 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$39,000 support levels. The second major support level sits at $37,403.

Looking beyond the support and resistance levels, we saw the 50 EMA pullback from the 100 and the 200 EMAs through the morning.

We also saw the 100 EMA pullback from the 200 EMA, also a bearish signal.

Through the 2^nd half of the day, a flattening of the 50 EMA on the 100 and 200 EMAs would provide support.

Key through the late morning and early afternoon would be to avoid a fall back through the day’s pivot to $41,350 to support Bitcoin and the broader market.

The Crypto Daily – Movers and Shakers – September 22nd, 2021

Bitcoin, BTC to USD, fell by 5.29% on Tuesday. Following an 8.93% slide on Monday, Bitcoin ended the day at $40,748.0.

A bearish start to the day saw Bitcoin slide to an early morning low $40,255.0.

Bitcoin fell through the 38.2% FIB of $41,592 and the first major support level at $41,286.

Finding early support, Bitcoin rose to a late morning intraday high $43,625.0 before hitting reverse.

Falling well short of the first major resistance level at $46,046, however, Bitcoin tumbled to a late intraday low $39,678.0.

Bitcoin fell back through the 38.2% FIB of $41,592 and the first major support level at $41,286.

Avoiding the second major support level at $39,546, however, Bitcoin ended the day at $40,700 levels.

The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Bitcoin Cash SV rose by 3.08% to buck the trend on the day.

It was a bearish day for the rest of the majors, however.

Chainlink slid by 9.10% to lead the way down, with Ethereum (-7.08%) also struggling.

Binance Coin (-5.47%), Cardano’s ADA (-4.64%), Crypto.com Coin (-1.15%), Litecoin (-5.50%), Polkadot (-1.53%), and Ripple’s XRP (-5.22%) saw relatively modest losses, however.

Early in the week, the crypto total market rose to a Monday high $2,136bn before sliding to a Tuesday low $1,743bn. At the time of writing, the total market cap stood at $1,824bn.

Bitcoin’s dominance rose to a Monday high 42.97% before falling to a Tuesday low 41.37%. At the time of writing, Bitcoin’s dominance stood at 42.36%.

This Morning

At the time of writing, Bitcoin was up by 0.95% to $41,134.0. A mixed start to the day saw Bitcoin fall to an early morning low $40,636.0 before rising to a high $41,494.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was down by 7.46% to buck the early trend.

It was a bullish start for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 1.74% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $41,350 pivot the 38.2% FIB of $41,592 to bring the first major resistance level at $43,023 into play.

Support from the broader market would be needed for Bitcoin to break back through to $43,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $43,625.0 would likely cap the upside.

In the event of a broad-based crypto rebound, Bitcoin could test resistance at $45,000 levels before any pullback. The second major resistance level sits at $45,297.

Failure to move through the $41,350 pivot and the 38.2% FIB of $41,592 would bring the first major support level at $39,076 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $37,403.

Bitcoin Price Prediction – Bulls Need to Revisit $45,000 to Avoid another Sell-off and sub-$40,000

After Monday’s broad-based crypto sell-off, it’s been a particularly choppy morning.

At the time of writing, Bitcoin, BTC to USD, was up by 0.19% to $43,106.0.

A choppy start to the day saw Bitcoin slid to an early morning intraday low $40,255.0 before finding support.

Bitcoin fell through the 38.2% FIB of $41,592 and the first major support level at $41,286.

Steering clear of sub-$40,000 levels, however, Bitcoin rose to a late morning intraday high $43,444.0.

While breaking back through the first major support level and the 38.2% FIB, Bitcoin fell short of the major resistance levels.

The Rest of the Pack

It has also been a mixed morning for the broader crypto market.

Through the morning, Crypto.com Coin was down by 2.50% to buck the morning trend.

While choppy, it’s been a relatively bullish morning for the rest of the majors, however.

At the time of writing, Bitcoin Cash SV was up by 9.87% to lead the way, with Polkadot rising by 4.54%.

Binance Coin (+1.87%), Cardano’s ADA (+1.89%), Chainlink (+1.06%), Ethereum (+2.50%), Litecoin (+1.94%), and Ripple’s XRP (+2.47%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $1,803bn before rising to a high $1,959bn. At the time of writing, the total market cap stood at $1,940bn.

Bitcoin’s dominance rose to an early morning high 42.40% before falling to a low 41.74%. At the time of writing, Bitcoin’s dominance stood at 41.87%.

For the Afternoon Ahead

Bitcoin would need to move through the $44,306 pivot to bring the first major resistance level at $46,046 into play.

Support from the broader market will be needed, however, for Bitcoin to break back through to $45,000 levels.

Barring a broad-based crypto rebound, resistance at $45,000 would likely leave Bitcoin short of the first major resistance level.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,066.

Failure to move through the $44,306 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,286 back into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$40,000 support levels. The second major support level sits at $39,546.

Looking beyond the support and resistance levels, we saw the 50 EMA pullback from the 100 and the 200 EMAs through the morning.

We also saw the 100 EMA pullback from the 200 EMA, also a bearish signal.

Through the 2^nd half of the day, a flattening of the 50 EMA on the 100 and 200 EMAs would provide much-needed support.

Key through the late morning and early afternoon Bitcoin would be to move through the day’s pivot to $45,000 levels, however, to support the broader market.

The Crypto Daily – Movers and Shakers – September 21st, 2021

Bitcoin, BTC to USD, slid by 8.93% on Monday. Following a 2.24% decline on Sunday, Bitcoin ended the day at $43,025.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $47,327.0 before hitting reverse.

Falling short of the first major resistance level at $48,127, Bitcoin tumbled to a midday intraday low $42,567.0.

Bitcoin fell through the day’s major support levels before briefly revising $44,000 levels.

Coming up against the third major support level at $44,416, however, Bitcoin slid back to end the day at sub-$44,000 levels.

The near-term bullish trend remained intact, in spite of the latest return to $42,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Monday.

Chainlink slumped by 13.82% to lead the way down, with Bitcoin Cash SV (-12.60%) and Ripple’s XRP (-12.16%) close behind.

Things were not much better for Binance Coin (-10.91%), Cardano’s ADA (-8.87%), Crypto.com Coin (-10.28%), Ethereum (-10.58%), Litecoin (-10.55%), and Polkadot (-8.15%).

Early in the week, the crypto total market rose to a Monday high $2,122bn before sliding to a Tuesday low $1,863bn. At the time of writing, the total market cap stood at $1,870bn.

Bitcoin’s dominance fell to a Monday low 41.89% before rising to a Monday high 42.76%. At the time of writing, Bitcoin’s dominance stood at 42.38%.

This Morning

At the time of writing, Bitcoin was down by 2.51% to $41,943.0. A bearish start to the day saw Bitcoin fall from an early morning high $43,028.0 to a low $41,935.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 4.89% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $44,306 pivot to bring the first major resistance level at $46,046 into play.

Support from the broader market would be needed for Bitcoin to break out from $45,000 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $47,000 would likely cap the upside.

In the event of a broad-based crypto rebound, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $49,066.

Failure to move through the $44,306 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,286 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$40,000 levels. The second major support level sits at $39,546.

Bitcoin Price Prediction – Bears Take Control and Eye sub-$44,000…

After a bearish end to the week for Bitcoin and the broader market, it’s been a particularly bearish morning.

At the time of writing, Bitcoin, BTC to USD, was down by 5.09% to $44,833.0.

A choppy start to the day saw Bitcoin rise to an early morning high $47,327.0 before hitting reverse.

Falling short of the first major resistance level at $48,127, Bitcoin slid to a mid-morning intraday low $44,833.0.

The sell-off saw Bitcoin fall through the first major support level at $46,594 and the second major support level at $45,949.

While steering clear of the third major support level at $44,416, Bitcoin failed to move back through to $45,000 levels.

The Rest of the Pack

It has also been a bearish morning for the broader crypto market.

Through the morning, Ripple’s XRP led the way down, sliding by 8.29%, with Chainlink (-7.96%) and Crypto.com Coin (-7.10%) close behind.

Binance Coin (-6.54%), Cardano’s ADA (-6.79%), Ethereum (-5.77%), and Litecoin (-6.49%) also saw deep red.

Bitcoin Cash SV (-4.04%) and Polkadot (-5.00%) saw relatively modest losses through the morning.

Through the early hours, the crypto total market cap rose to an early morning high $2,126bn before falling to a low $1,971bn. At the time of writing, the total market cap stood at $1,994bn.

Bitcoin’s dominance fell to an early morning low 41.89% before rising to a late morning high 42.48%. At the time of writing, Bitcoin’s dominance stood at 42.25%.

For the Afternoon Ahead

Bitcoin would need to move through the $47,482 pivot to bring the first major resistance level at $48,127 into play.

Support from the broader market will be needed, however, for Bitcoin to break back through the major support levels.

Barring a broad-based crypto rebound, resistance at $47,500 would likely leave Bitcoin short of the first major resistance level.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,015.

Failure to move back through second major support level at $45,949 would bring the third major support level at $44,416 back into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$43,500.

Looking beyond the support and resistance levels, we saw the 50 EMA cross through the 100 and 200 EMAs through the morning.

We also saw the 100 EMA narrow on the 200 EMA, delivering further bearish signals.

Through the 2^nd half of the day, a bearish cross of the 100 EMA through the 200 EMA would bring sub-$44,000 levels into play.

Key through the late morning and early afternoon would be to move back through the day’s support levels to avoid further losses and risk sub-$40,000 near-term.

The Crypto Daily – Movers and Shakers – September 20th, 2021

Bitcoin, BTC to USD, fell by 2.24% on Sunday. Reversing a 2.14% gain from Saturday, Bitcoin ended the week up by 2.61% to $47,239.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $48,370.3 before hitting reverse.

Falling short of the first major resistance level at $49,063, Bitcoin slid to a late intraday low $46,837.0.

Bitcoin fell through the first major support level at $47,310 to end the day at sub-$47,300 levels. Finding late support, Bitcoin moved back through to $47,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to $43,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Cardano’s ADA (-3.76%), Chainlink (-3.70%), and Litecoin (-3.10%) led the way down, with Crypto.com Coin (-2.29%), Ethereum (-3.13%) and Ripple’s XRP (-2.58%) also struggling.

Binance Coin (-0.58%), Bitcoin Cash SV (-1.58%), and Polkadot (-0.79%) saw modest losses, however.

It was a mixed week ending 19^th September for the majors.

Crypto.com Coin bucked the trend, rising by 2.81%.

It was a bearish week for the rest of the major, however.

Cardano’s ADA slid by 11.58% to lead the way down, with Chainlink (-6.99%), Polkadot (-7.88%), and Ripple’s XRP (-6.41%) also struggling.

Binance Coin (-1.90%), Bitcoin Cash SV (-0.24%), Ethereum (-2.21%), and Litecoin (-3.94%) saw relatively modest losses, however.

In the week, the crypto total market fell to a Monday low $1,957bn before rising to a Thursday high $2,245bn. At the time of writing, the total market cap stood at $2,111bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Friday high 42.30%. At the time of writing, Bitcoin’s dominance stood at 42.02%.

This Morning

At the time of writing, Bitcoin was down by 0.29% to $47,100.3. A mixed start to the day saw Bitcoin rise to an early morning high $47,327.0 before falling to a low $47,076.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 1.34% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,482 pivot to bring the first major resistance level at $48,127 into play.

Support from the broader market would be needed for Bitcoin to break out from $47,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $48,370.3 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $49,015.

Failure to move through the $47,482 pivot would bring the first major support level at $46,594 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$45,500 levels. The second major support level at $45,949 should limit the downside.

The Crypto Daily – Movers and Shakers – September 19th, 2021

Bitcoin, BTC to USD, rose by 2.14% on Saturday. Reversing a 1.02% loss from Friday, Bitcoin ended the day at $48,308.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $47,066.0 before making a move.

Steering clear of the first major support level at $46,650, Bitcoin rallied to a mid-morning intraday high $48,819.0.

Bitcoin broke through the first major resistance level at $48,062.

Coming up against the second major resistance level at $48,829, however, Bitcoin fell back to sub-$48,000 before finding late support.

Late in the day, Bitcoin broke back through the first major resistance level to wrap up the day at $48,300 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Saturday.

Crypto.com Coin fell by 0.03% to buck the trend.

It was a bullish day for the rest of the majors, however.

Polkadot rallied by 3.41% to lead the way, with Chainlink (+2.58%) also finding strong support.

Binance Coin (+1.07%), Bitcoin Cash SV (+0.40%), Cardano’s ADA (+0.97%), Ethereum (+1.07%), Litecoin (+0.77%), and Ripple’s XRP (+0.84%) saw modest gains, however.

In the current the week, the crypto total market fell to a Monday low $1,957bn before rising to a Thursday high $2,245bn. At the time of writing, the total market cap stood at $2,176bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Friday high 42.30%. At the time of writing, Bitcoin’s dominance stood at 41.77%.

This Morning

At the time of writing, Bitcoin was up by 0.01% to $48,314.0. A mixed start to the day saw Bitcoin fall to an early morning low $48,251.0 before rising to a high $48,370.3.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.57%) joined Bitcoin in the green to buck the broader trend.

It was a bearish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was down by 1.12% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,064 pivot to bring the first major resistance level at $49,063 into play.

Support from the broader market would be needed for Bitcoin to break back through to $49,000 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,817.

A fall through the $47,064 pivot would bring the first major support level at $47,310 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level at $46,311 should limit the downside.

The Crypto Daily – Movers and Shakers – September 18th, 2021

Bitcoin, BTC to USD, fell by 1.02% on Friday. Following a 0.74% decline on Thursday, Bitcoin ended the day at $47,296.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $48,183.0 before hitting reverse.

Falling short of the first major resistance level at $48,521, Bitcoin slid to a late intraday low $46,771.0.

Bitcoin fell through the first major support level at $47,052 before a partially recovery to $47,200 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Bitcoin Cash SV and Crypto.com Coin rose by 0.28% and by 0.37% respectively to buck the trend.

It was a bearish day for the rest of the majors, however.

Chainlink and Polkadot led the way down, with losses of 7.19% and 6.13% respectively.

Binance Coin (-4.20%), Cardano’s ADA (-2.85%), Ethereum (-4.73%), Litecoin (-2.88%), and Ripple’s XRP (-2.35%) also struggled.

In the current the week, the crypto total market fell to a Monday low $1,957bn before rising to a Thursday high $2,245bn. At the time of writing, the total market cap stood at $2,126bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Friday high 42.30%. At the time of writing, Bitcoin’s dominance stood at 41.89%.

This Morning

At the time of writing, Bitcoin was down by 0.05% to $47,271.0. A mixed start to the day saw Bitcoin rise to an early morning high $47,366.0 before falling to a low $47,241.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 1.40% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,417 pivot to bring the first major resistance level at $48,062 into play.

Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Friday’s high $48,183 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $49,000 levels before any pullback. The second major resistance level sits at $48,829.

Failure to move through the $47,417 pivot would bring the first major support level at $46,650 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level at $46,005 should limit the downside.

Bitcoin Price Prediction – Bulls Struggle to Recapture $48,500 as the Bears Eye sub-$46,000

After a bearish Thursday for Bitcoin and the broader market, it’s been a mixed morning.

At the time of writing, Bitcoin, BTC to USD, was down by 1.06% to $47,277.0.

A choppy start to the day saw Bitcoin rise to a mid-morning high $48,183.0 before hitting reverse.

Falling short of the first major resistance level at $48,521, Bitcoin slid to a late morning intraday low $47,275.0.

In spite of the pullback, Bitcoin steered clear of the first major support level at $47,052.

The Rest of the Pack

It has been a mixed morning for the broader crypto market.

Through the morning, Crypto.com Coin bucked the trend, rising by 0.37%.

For the rest of the majors, it’s been a bearish morning.

Chainlink was down by 5.38% to lead the way down.

Binance Coin (-3.94%), Ethereum (+3.47%), and Polkadot (-4.72%) also saw deep red.

Bitcoin Cash SV (-0.21%), Cardano’s ADA (-2.23%), Litecoin (-2.51%) and Ripple’s XRP (-2.86%) also joined Bitcoin in the red, however.

Through the early hours, the crypto total market cap rose to an early morning high $2,188bn before falling to a low $2,117bn. At the time of writing, the total market cap stood at $2,121bn.

Bitcoin’s dominance fell to an early morning low 41.34% before rising to a late morning high 42.04%. At the time of writing, Bitcoin’s dominance stood at 41.96%.

For the Afternoon Ahead

Bitcoin would need to move back through the $47,791 pivot to bring the first major resistance level at $48,521 back into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from the morning high $48,183.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $49,000 would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,260.

Failure to move back through the $47,791 pivot would bring the first major support level at $47,052 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$46,000. The second major support level at $46,322 should limit the downside.

Looking beyond the support and resistance levels, we saw the 50 EMA narrow on the 100 and 200 EMAs through the late morning.

We saw the 100 EMA widen from the 200 EMA, however, providing support.

Through the 2^nd half of the day, a widening of the 50 EMA from the 100 and 200 EMAs would bring $50,000 levels.

Key through the late morning and early afternoon would be to move back through the day’s $47,791 pivot and revisit $48,500 levels.

The Crypto Daily – Movers and Shakers – September 17th, 2021

Bitcoin, BTC to USD, fell by 0.74% on Thursday. Partially reversing a 2.13% gain from Wednesday, Bitcoin ended the day at $47,782.0.

A mixed start to the day saw Bitcoin rise to a mid-morning intraday high $48,530.0 before hitting reverse.

Falling short of the first major resistance level at $48,813, Bitcoin slid to a late intraday low $47,061.0.

Bitcoin fell through the first major support level at $47,093 before a partially recovery to $47,700 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Crypto.com Coin rose by 2.04% to buck the trend.

It was a bearish day for the rest of the majors, however.

Cardano’s ADA fell by 3.52% to lead the way down.

Binance Coin (-1.62%), Chainlink (-2.93%), Ethereum (-1.30%), Litecoin (-2.08%), Polkadot (-1.82%), and Ripple’s XRP (-2.71%) also struggled.

Bitcoin Cash SV (-0.33%) saw a relatively modest loss, however

In the current the week, the crypto total market fell to a Monday low $1,958bn before rising to a Thursday high $2,245bn. At the time of writing, the total market cap stood at $2,181bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Wednesday high 41.91%. At the time of writing, Bitcoin’s dominance stood at 41.28%.

This Morning

At the time of writing, Bitcoin was up by 0.09% to $47,825.0. A mixed start to the day saw Bitcoin fall to an early morning low $47,711.5 before rising to a high $47,886.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Bitcoin Cash SV was up by 0.85% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $47,791 pivot to bring the first major resistance level at $48,521 into play.

Support from the broader market would be needed for Bitcoin to break back through to $48,500 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $49,000 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,260.

A fall back through the $47,791 pivot would bring the first major support level at $47,052 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level at $46,322 should limit the downside.

Bitcoin Price Prediction – Failure to Hit $48,500 Would Give the Bears Control

After a bullish Wednesday for Bitcoin and the broader market, it’s been a mixed morning.

At the time of writing, Bitcoin, BTC to USD, was down by 0.40% to $47,942.1.

A mixed start to the day saw Bitcoin fall to an early morning low $47,375.0 before making a move.

Steering clear of the first major support level at $47,093, Bitcoin rose to a mid-morning high $48,530.0.

Falling short of the first major resistance level at $48,813, however, Bitcoin eased back to sub-$48,000 levels.

The Rest of the Pack

It has been a mixed morning for the broader crypto market.

Through the morning, Chainlink was up by 1.80% to lead the way.

Bitcoin Cash SV (+1.15%), Crypto.com Coin (+1.40%), and Litecoin (+1.14%) also bucked the trend.

It’s been a bearish morning for the rest of the majors, however.

At the time of writing, Polkadot was down by 1.53% to lead the way down.

Binance Coin (-1.23%), Cardano’s ADA (-1.05%), Ethereum (-0.15%), and Ripple’s XRP (-0.78%) also joined Bitcoin in the red.

Through the early hours, the crypto total market cap fell to an early morning low $2,158bn before rising to a high $2,214bn. At the time of writing, the total market cap stood at $2,197bn.

Bitcoin’s dominance rose to an early morning high 41.33% before falling to a late morning low 41.10%. At the time of writing, Bitcoin’s dominance stood at 41.05%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $47,768 pivot to bring the first major resistance level at $48,813 back into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from the morning high $48,530.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $49,000 would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,488.

A fall back through the $47,768 pivot would bring the first major support level at $47,093 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$47,000. The second major support level sits at $46,048.

Looking beyond the support and resistance levels, we saw the 50 EMA narrow on the 100 and 200 EMAs through the late morning.

We also saw the 100 EMA flatten on the 200 EMA, failing to deliver a bullish cross.

Through the 2^nd half of the day, a widening of the 50 EMA from the 100 and 200 EMAs would bring $49,000 levels.

A bullish cross of the 100 EMA through the 200 EMA, however, would bring $50,000 levels back into play.

Key through the late morning and early afternoon would be to avoid a fall back through the day’s $47,768 pivot.

The Crypto Daily – Movers and Shakers – September 16th, 2021

Bitcoin, BTC to USD, rose by 2.13% on Wednesday. Following a 4.88% rally on Tuesday, Bitcoin ended the day at $48,137.0.

A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $46,724.0 before making a move.

Steering clear of the first major support level at $45,488, Bitcoin rallied to a late intraday high $48,444.0.

Bitcoin broke through the first major resistance level at $48,027 to end the day at $48,100 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Wednesday.

Polkadot slid by 4.49%, with Chainlink (-0.28%) also bucking the trend on the day.

It was a bullish day for the rest of the majors, however.

Ethereum rallied by 5.22% to lead the way, with Binance Coin (+4.06%) and Cardano’s ADA (+4.51%) also finding strong support.

Bitcoin Cash SV (+1.78%), Crypto.com Coin (+3.48%), Litecoin (+3.34%), and Ripple’s XRP (+2.24%) trailed the front runners, however.

In the current the week, the crypto total market fell to a Monday low $1,958bn before rising to a Wednesday high $2,236bn. At the time of writing, the total market cap stood at $2,204bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Wednesday high 41.91%. At the time of writing, Bitcoin’s dominance stood at 41.13%.

This Morning

At the time of writing, Bitcoin was up by 0.10% to $48,186.0. A mixed start to the day saw Bitcoin rise to an early morning high $48,188.9 before falling to a low $48,041.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-0.46%), Ethereum (-0.17%), and Litecoin (-0.10%) saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Polkadot was up by 1.08% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $47,768 pivot to bring the first major resistance level at $48,813 into play.

Support from the broader market would be needed for Bitcoin to break out from $48,500 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $49,000 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,488.

A fall through the $47,768 pivot would bring the first major support level at $47,093 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $46,048.

The Crypto Daily – Movers and Shakers – September 15th, 2021

Bitcoin, BTC to USD, rallied by 4.88% on Tuesday. Reversing a 2.34% decline from Monday, Bitcoin ended the day at $47,152.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $44,699.0 before making a move.

Steering clear of the first major support level at $43,311, Bitcoin rallied to a late intraday high $47,238.5.

Bitcoin broke through the first major resistance level at $46,741 to end the day at $47,000 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Cardano’s ADA fell by 0.21% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Chainlink surged by 14.49% to lead the way, with Binance Coin (+3.80%), Crypto.com Coin (+5.92%), and Ethereum (+4.58%) also finding strong support.

Bitcoin Cash SV (+2.33%), Litecoin (+2.06%), Polkadot (+2.28%), and Ripple’s XRP (+3.07%) trailed the front runners, however.

Early in the week, the crypto total market rose to a Monday high $2,186bn before tumbling to a Monday low $1,958bn. At the time of writing, the total market cap stood at $2,137bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Tuesday high 41.71%. At the time of writing, Bitcoin’s dominance stood at 41.38%.

This Morning

At the time of writing, Bitcoin was down by 0.30% to $47,012.0. A mixed start to the day saw Bitcoin rise to an early morning high $47,199.0 before falling to a low $46,974.5.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (+0.85%) and Polkadot (+0.69%) found early support.

It was a bearish start for the rest of the majors, however.

At the time of writing, Litecoin was down by 0.55% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $46,363 pivot to bring the first major resistance level at $48,027 into play.

Support from the broader market would be needed for Bitcoin to break out from $47,500 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,903.

A fall through the $46,363 pivot would bring the first major support level at $45,488 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level sits at $43,824.

Bitcoin Price Prediction – A Return to $47,000 Would Bring $50,000 Back into Play

After a bearish week last week and a bearish start to the current week, Bitcoin and the crypto majors found much-needed support this morning.

At the time of writing, Bitcoin, BTC to USD, was up by 2.14% to $45,920.0.

A mixed start to the day saw Bitcoin fall to an early morning low $44,699.0 before making a move.

Steering clear of the first major support level at $43,311, Bitcoin rose to a late morning high $46,212.1.

Falling short of the first major resistance level at $46,741, however, Bitcoin eased back to sub-$46,000 levels.

The Rest of the Pack

It has been a bullish morning for the broader crypto market.

At the time of writing, Crypto.com Coin and Polkadot were up by 4.35% and by 4.46% respectively to lead the way.

Binance Coin (+1.12%), Chainlink (+1.04%), Ethereum (+1.33%), and Ripple’s XRP (+1.18%) also found solid support.

Bitcoin Cash SV (+0.50%), Cardano’s ADA (+0.11%), and Litecoin (+0.08%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $2,047bn before rising to a high $2,109bn. At the time of writing, the total market cap stood at $2,099bn.

Bitcoin’s dominance fell to an early morning low 40.98% before rising to a late morning high 41.29%. At the time of writing, Bitcoin’s dominance stood at 41.14%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $45,093 pivot to bring the first major resistance level at $46,741 into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from the morning high $46,212.1.

Barring a broad-based crypto rally, the first major resistance level and resistance at $47,000 would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,523.

A fall back through the $45,093 pivot would bring the first major support level at $43,311 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$41,000. The second major support level at $41,663 and the 38.2% FIB of $41,592 should limit the downside.

Looking beyond the support and resistance levels, we saw the 50 EMA narrow on the 100 and 200 EMAs through the late morning.

We also saw the 100 EMA flatten on the 200 EMA providing further support.

Through the 2^nd half of the day, a further narrowing of the 50 EMA on the 100 and 200 EMAs would bring sub-$47,000 levels.

A bullish cross of the 50 EMA through the 100 and 200 EMAs, however, would bring $50,000 levels back into play.

Key through the late morning and early afternoon would be to avoid a fall back through the day’s $45,093 pivot.

Bitcoin Price Prediction – Bears Eyeing a Return to sub-$40,000…

Following a mixed end to the week for Bitcoin and the cryptos on Sunday, it has been a particularly bearish morning.

At the time of writing, Bitcoin, BTC to USD, was down by 2.97% to $44,673.0.

A mixed start to the day saw Bitcoin rise to an early morning high $46,269.0 before hitting reverse.

Falling well short of the first major resistance level at $46,745, Bitcoin slid to a mid-morning low $44,222.0.

The pullback saw Bitcoin fall through the first major support level at $45,053.

The Rest of the Pack

It has been a bearish morning for the broader crypto market.

At the time of writing, Chainlink was down by 10.07% to lead the way down, with Cardano’s ADA (-6.73%) close behind.

Binance Coin (-4.58%), Bitcoin Cash SV (-3.59%), Crypto.com Coin (-5.60%), Ethereum (-5.48%), Litecoin (-5.12%), and Ripple’s XRP (-5.77%) also saw deep red

Through the early hours, the crypto total market cap rose to an early morning high $2,143bn before falling to a low $2,003bn. At the time of writing, the total market cap stood at $2,044bn.

Bitcoin’s dominance fell to an early morning low 40.62% before rising to a late morning high 41.52%. At the time of writing, Bitcoin’s dominance stood at 41.13%.

For the Afternoon Ahead

Bitcoin would need to move back through the first major support level and the $45,760 pivot to bring the first major resistance level at $46,745 into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from the morning high $46,269.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $47,000 would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at $48,000 before any pullback. The second major resistance level sits at $47,452.

Failure to move back through the first major support level at $45,053 and the $45,60 pivot would bring the second major support level at $44,068 back into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$44,000. The second major support level at $44,068 should limit the downside.

Looking beyond the support and resistance levels, we saw the 50 EMA pullback from the 100 and 200 EMAs through the morning.

We also saw the 100 EMA pullback from the 200 EMA suggesting a bearish afternoon.

Through the 2^nd half of the day, a further pullback of the 50 EMA from the 100 and 200 EMAs would bring sub-$44,000 levels.

Key through the afternoon, however, would be to move back through the day’s pivot level at $45,760. Failure to return to positive territory would give the bears the upper hand.

ADA Down By 7% Today Despite Cardano Launching Its Smart Contract Features

The price of Cardano (ADA) is down by more than 7% today despite the blockchain launching smart contract features a few days ago.

Smart Contract Features Now Available on Cardano

Cardano (ADA) has been one of the top-performing cryptocurrencies in the world in recent months. The blockchain has undergone various developments over the past few months, and it has added another achievement to its belt.

According to the Cardano development team, the Alonzo hard fork was completed over the weekend, introducing Plutus-powered smart contract scripts to the blockchain. This implies that Cardano is the latest blockchain to integrate smart contract features into its network.

In a blog post on Saturday, IOHK, the development team behind Cardano, said, “The Alonzo upgrade will bring highly anticipated capabilities to Cardano through the integration of Plutus scripts onto the blockchain. These will allow the implementation of smart contracts on Cardano, enabling a host of new use cases for decentralized applications (DApps) for the very first time.”

The development team is anticipating further upgrades to the Cardano blockchain in the coming months and years. The Alonzo upgrade makes it possible for users to write smart contracts on the Cardano network using Plutus scripts. According to the team, Plutus scripts is a purpose-built smart contract development language. It is also an execution platform that leverages the functional programming language Haskell.

ADA Price Down By Over 7%

The cryptocurrency market has been caught in a bearish trend for the past week, and it has continued on the first day of a new week. The prices of most cryptocurrencies have been down by more than 3% over the past 24 hours.

ADA, the native cryptocurrency of the Cardano network, has been down by more than 7% in the past 24 hours. The cryptocurrency’s price is down despite the developers launching smart contract features on the network.

ADA is currently trading at $2.40 per coin, down by 7.6% in the past 24 hours. Year-to-date, ADA’s performance has been exceptional. The cryptocurrency has been up by more than 1000% since the start of the year. ADA was trading at $0.177 at the start of the year, but it is now trading at $2.40 per coin.

Cardano’s value could still go higher in the coming months, as market experts believe it could trade at $5 by the end of the year.

The Crypto Daily – Movers and Shakers – September 13th, 2021

Bitcoin, BTC to USD, rose by 1.92% on Sunday. Following a 0.57% gain on Saturday, Bitcoin ended the week down by 11.09% to $46,038.9.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $44,774.2 before making a move.

Steering clear of the first major support level at $44,575, Bitcoin rallied to a late intraday high $46,466.0.

Bitcoin broke through the first major resistance level at $45,815 to end the day at $46,000 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Cardano’s ADA slid by 2.11%, with Bitcoin Cash SV (-0.13%) also seeing red to buck the trend.

It was a bullish day for the rest of the majors, however.

Polkadot rallied by 11.27% to lead the way, with Chainlink (+9.03%) close behind.

Binance Coin (+2.86%), Crypto.com Coin (+3.50%), Ethereum (+4.19%), Litecoin (+2.45%), and Ripple’s XRP (+3.93%) also made solid gains.

It was also mixed week for the crypto majors, however.

Polkadot rallied by 16.91%, with Crypto.com Coin (+1.18%) also bucking the trend in the week.

It was a bearish week for the rest of the majors, however.

Litecoin slid by 21.24% to lead the way, with Binance Coin (-17.52%) and Bitcoin Cash SV (-18.68%) close behind

Cardano’s ADA (-11.37%), Chainlink (-12.51%), Ethereum (-13.88%), and Ripple’s XRP (-14.31%) also struggled, however.

In the week, the crypto total market rose to a Tuesday high $2,438bn before tumbling to a Tuesday low $1,835bn. At the time of writing, the total market cap stood at $2,134bn.

Bitcoin’s dominance rose to a Tuesday high 43.64% before falling to a Friday low 39.92%. At the time of writing, Bitcoin’s dominance stood at 40.65%.

This Morning

At the time of writing, Bitcoin was up by 0.15% to $46,107.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,003.4 before rising to a high $46,269.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.82%), Cardano’s ADA (-0.53%), and Ripple’s XRP (-0.23%) saw red to buck the early trend.

It was a bullish start for the rest of the majors, however.

At the time of writing, Polkadot was up by 2.94% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $45,760 pivot to bring the first major resistance level at $46,745 into play.

Support from the broader market would be needed for Bitcoin to break out from $46,500 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $47,000 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $48,000 before any pullback. The second major resistance level sits at $47,452.

A fall through the $45,760 pivot would bring the first major support level at $45,053 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$44,000. The second major support level at $44,068 should limit the downside.

The Crypto Daily – Movers and Shakers – September 12th, 2021

Bitcoin, BTC to USD, rose by 0.57% on Saturday. Partially reversing a 3.33% loss from Friday, Bitcoin ended the day at $45,107.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $44,750,0 before making a move.

Steering clear of the first major support level at $43,657, Bitcoin rose to a late afternoon intraday high $45,990.0.

Falling short of the first major resistance level at $46,546, however, Bitcoin eased back to end the day at sub-$45,200 levels.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday

Cardano’s ADA rallied by 10.60% to lead the way, with Polkadot (+7.34%) close behind.

Bitcoin Cash SV (+2.97%), Chainlink (+2.29%), Litecoin (+2.55%) and Ripple’s XRP (+2.14%) also made solid gains.

Binance Coin (+0.86%), Crypto.com Coin (+1.61%), and Ethereum (+1.79%) trailed the front runners, however.

In the current week, the crypto total market rose to a Tuesday high $2,438bn before tumbling to a Tuesday low $1,835bn. At the time of writing, the total market cap stood at $2,083bn.

Bitcoin’s dominance rose to a Tuesday high 43.64% before falling to a Friday low 39.92%. At the time of writing, Bitcoin’s dominance stood at 40.76%.

This Morning

At the time of writing, Bitcoin was down by 0.02% to $45,161.0. A mixed start to the day saw Bitcoin fall to an early morning low $45,138.0 before rising to a high $45,201.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.13%), Bitcoin Cash SV (-0.08%), Cardano’s ADA (-0.33%), and Ethereum (-0.13%) joined Bitcoin in the red.

It was a bullish start for the rest of the majors, however.

At the time of writing, Polkadot was up by 1.25% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $45,282 pivot to bring the first major resistance level at $45,815 into play.

Support from the broader market would be needed for Bitcoin to break out from $45,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $45,990.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $47,000 before any pullback. The second major resistance level sits at $46,522.

Failure to move through the $45,282 pivot would bring the first major support level at $44,575 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$44,000. The second major support level at $44,042 should limit the downside.

The Crypto Daily – Movers and Shakers – September 11th, 2021

Bitcoin, BTC to USD, fell by 3.33% on Friday. Reversing a 0.73% gain from Thursday, Bitcoin ended the day at $44,852.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $47,044.0 before hitting reverse.

Falling short of the first major resistance level at $47,343, Bitcoin slid to a late intraday low $44,155.0.

Bitcoin fell through the first major support level at $45,491 and the second major support level at $44,592

Finding late support, however, Bitcoin broke back through the second major support level to end the day at $44,800 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday

Polkadot rose by 1.17% to buck the trend on the day.

It was a bearish day for the rest of the majors, however.

Ethereum slid by 6.26% to lead the way down.

Binance Coin (-4.70%), Bitcoin Cash SV (-4.08%), Cardano’s ADA (-5.29%), Chainlink (-5.70%), and Crypto.com Coin (-4.92%) weren’t far behind.

Litecoin (-3.49%) and Ripple’s XRP (-3.09%) also struggled, however.

In the current week, the crypto total market rose to a Tuesday high $2,438bn before tumbling to a Tuesday low $1,835bn. At the time of writing, the total market cap stood at $2,070bn.

Bitcoin’s dominance rose to a Tuesday high 43.64% before falling to a Friday low 39.92%. At the time of writing, Bitcoin’s dominance stood at 41.04%.

This Morning

At the time of writing, Bitcoin was up by 0.62% to $45,132.0. A mixed start to the day saw Bitcoin fall to an early morning low $44,750.0 before rising to a high $45,169.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot bucked the early trend, with losses of 1.41% and 0.88% respectively.

It was a bullish start for the rest of the majors, however.

At the time of writing, Ethereum was up by 1.00% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $45,350 pivot to bring the first major resistance level at $46,546 into play.

Support from the broader market would be needed for Bitcoin to break back through to $46,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Friday’s high $47,044.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,239.

Failure to move through the $45,350 pivot would bring the first major support level at $43,657 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 38.2% FIB of $41,592. The second major support level at $42,461 should limit the downside.

The Crypto Daily – Movers and Shakers – September 10th, 2021

Bitcoin, BTC to USD, rose by 0.73% on Thursday. Partially reversing a 1.67% loss from Wednesday, Bitcoin ended the day at $46,389.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $45,546.0 before making a move.

Steering clear of the first major support level at $44,578, Bitcoin rose to a late afternoon intraday high $47,398.6.

Falling short of the first major resistance level at $47,457, however, Bitcoin fell back to sub-$46,100 levels before finding support.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday

Ethereum led the way down, falling by 2.13%, with Ripple’s XRP (-1.15%) also bucking the trend on the day.

It was a bullish day for the rest of the majors, however.

Crypto.com Coin rallied by 10.03% to lead the way, with Chainlink and Polkadot ending the day up by 3.05% and by 6.72% respectively.

Binance Coin (+1.49%), Bitcoin Cash SV (+1.09%), Cardano’s ADA (+1.88%), and Litecoin (+0.91%) also found support.

In the current week, the crypto total market rose to a Tuesday high $2,438bn before tumbling to a Tuesday low $1,835bn. At the time of writing, the total market cap stood at $2,145bn.

Bitcoin’s dominance rose to a Tuesday high 43.64% before falling to a Thursday low 40.15%. At the time of writing, Bitcoin’s dominance stood at 40.77%.

This Morning

At the time of writing, Bitcoin was up by 0.10% to $46,436.0. A mixed start to the day saw Bitcoin rise to an early morning high $46,486.3 before falling to a low $46,291.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Crypto.com Coin bucked the early trend, with losses of 0.45% and 0.36% respectively.

It was a bullish start for the rest of the majors, however.

At the time of writing, Polkadot was up by 6.46% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $46,445 pivot to bring the first major resistance level at $47,343 into play.

Support from the broader market would be needed for Bitcoin to break back through to $47,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Thursday’s high $47,398.6 would likely cap the upside.

In the event of a broad-based crypto rebound, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,297.

Failure to move back through the $46,445 pivot would bring the first major support level at $45,491 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$44,000 levels. The second major support level at $44,592 should limit the downside.