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

Bitcoin, BTC to USD, slid by 6.29% on Sunday. Following on from a 2.27% decline on Saturday, Bitcoin ended the week down by 6.43% to $56,172.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $60,279.0 before hitting reverse.

Falling short of the first major resistance level at $61,197, Bitcoin tumbled to an early morning intraday low $50,500.0.

The extended sell-off saw Bitcoin fall through the major support levels

Finding support at the 23.6% FIB of $50,473, Bitcoin broke back through the third major resistance level at $55,104 to end the day at $56,100 levels.

The near-term bullish trend remained intact in spite of the slide back to $50,500 levels. For the bears, Bitcoin would need to slide 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.

Crypto.com Coin tumbled by 15.14% to lead the way down, with Bitcoin Cash SV sliding by 12.39%.

Litecoin (-8.92%) and Ripple’s XRP (-8.28%) also saw heavy losses.

Binance Coin (-6.24%), Cardano’s ADA (-6.50%), Chainlink (-2.17%), Ethereum (-3.35%), and Polkadot (-5.14%) saw relatively modest losses on the day.

It was also a mixed week for the majors in the week ending 18th April.

Binance Coin slid by 8.23%, with Crypto.com Coin falling by 5.08% to join Bitcoin in the red.

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

Bitcoin Cash SV jumped by 25.25% to lead the way, with Polkadot rallying by 15.72%.

Cardano’s ADA (+1.32%), Ethereum (+4.23%), Litecoin (+8.68%), and Ripple’s XRP (+4.67%) also ended the week in positive territory.

In the week, the crypto total market rose to a Friday high $2,305bn before sliding to a Sunday low $1,755bn. At the time of writing, the total market cap stood at $2,019bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.37%. At the time of writing, Bitcoin’s dominance stood at 52.52%.

This Morning

At the time of writing, Bitcoin was up by 0.81% to $56,625.1. A mixed start to the day saw Bitcoin fall to an early morning low $55,709.0 before rising to a high $56,666.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot (-0.77%) and Ripple’s XRP (-0.55%) saw red to buck the trend early on.

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

At the time of writing, Chainlink was up by 3.69% to lead the way.

BTCUSD 190421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,650 to bring the first major resistance level at $60,801 into play.

Support from the broader market would be needed for Bitcoin to break back through to $60,000 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $60,279.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,429.

Failure to avoid a fall through the $55,650 pivot would bring the first major support level at $51,022 and the 23.6% FIB of $50,473 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $45,871.

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

Bitcoin, BTC to USD, fell by 2.27% on Saturday. Following on from a 2.98% decline on Friday, Bitcoin ended the day at $59,927.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $62,450.0 before hitting reverse.

Falling short of the first major resistance level at $63,226, Bitcoin slid to a late afternoon intraday low $59,662.0.

Bitcoin fell through the first major support level at $59,711 before briefly revisiting $60,900 levels.

A bearish end to the day, however, saw Bitcoin fall back to end the day at sub-$60,000 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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 Saturday.

Polkadot rallied by 3.87% to lead the way, with Binance Coin rising by 1.08%.

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

Bitcoin Cash SV slid by 10.95% to lead the way down.

Cardano’s ADA (-3.18%), Chainlink (-4.89%), Ethereum (-4.45%), and Litecoin (-2.51%) also struggled.

Crypto.com Coin (-0.08%) and Ripple’s XRP (-0.62%) saw modest losses on the day, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,305bn. At the time of writing, the total market cap stood at $2,136bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.38%. At the time of writing, Bitcoin’s dominance stood at 52.85%.

This Morning

At the time of writing, Bitcoin was up by 0.46% to $60,205.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,934.0 before rising to a high $60,279.0.

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, Ripple’s XRP was up by 1.42% to lead the way.

BTCUSD 180421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $60,680 to bring the first major resistance level at $61,697 into play.

Support from the broader market would be needed for Bitcoin to break out from $61,500 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $62,450.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $63,468.

Failure to move through the $60,680 pivot would bring the first major support level at $58,909 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 levels. The second major support level sits at $57,892.

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

Bitcoin, BTC to USD, fell by 2.98% on Friday. Reversing a 0.46% gain from Thursday, Bitcoin ended the day at $61,322.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $63,520.0 before hitting reverse.

Falling short of the first major resistance level at $64,027, Bitcoin slid to a late morning intraday low $60,005.0.

Bitcoin fell through the first major support level at $62,182 and the second major support level at $61,169.

Finding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back.

In spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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 Friday.

Bitcoin Cash SV surged by 17.73% to lead the way, with Litecoin rallying by 7.89%.

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

Ripple’s XRP slid by 11.92% to lead the way down

Binance Coin (-6.15%), Cardano’s ADA (-4.51%), and Ethereum (-3.59%) also struggled.

Chainlink (-1.40%), Crypto.com Coin (-0.97%), and Polkadot (-1.84%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Friday low 51.50%. At the time of writing, Bitcoin’s dominance stood at 52.59%.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $61,167.3. A mixed start to the day saw Bitcoin rise to an early morning high $61,675.0 before falling to a low $61,157.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-2.47%) and Crypto.com Coin (-0.64%) joined Bitcoin in the red to buck the early trend.

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

At the time of writing, Litecoin was up by 2.09% to lead the way.

BTCUSD 170421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $61,616 to bring the first major resistance level at $63,226 into play.

Support from the broader market would be needed for Bitcoin to break back through to $63,000 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $63,520.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,131.

Failure to move back through the $61,616 pivot would bring the first major support level at $59,711 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $58,101.

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

Bitcoin, BTC to USD, rose by 0.46% on Thursday. Partially reversing a 0.95% decline from Wednesday, Bitcoin ended the day at $63,196.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $62,000.0 before making a move.

Steering clear of the first major support level at $61,204, Bitcoin struck a late intraday high $63,845.0.

Falling well short of the first major resistance level at $64,727, Bitcoin eased back to end the day at sub-$63,200 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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 Thursday.

Ripple’s XRP slid by 4.17% to lead the way down

Binance Coin (-1.36%) and Polkadot (-0.02%) also saw red to buck the trend on the day.

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

Bitcoin Cash SV rallied by 12.38% to lead the way.

Chainlink (+3.18%), Crypto.com Coin (+3.20%), Ethereum (+3.49%), and Litecoin (+2.67%) also made solid gains.

Cardano’s ADA (+1.93%) and Polkadot (+1.87%) and trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Wednesday high $2,259bn. At the time of writing, the total market cap stood at $2,214bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Thursday low 52.92%. At the time of writing, Bitcoin’s dominance stood at 53.53%.

This Morning

At the time of writing, Bitcoin up by 0.28% to $63,5.037. A mixed start to the day saw Bitcoin fall to an early morning low $63,083.2 before rising to a high $63,417.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.47%), Cardano’s ADA (-0.06%), and Polkadot (-0.05%) saw red early on.

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

At the time of writing, Crypto.com Coin was up by 1.68% to lead the way.

BTCUSD 160421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $63,014 to bring the first major resistance level at $64,027 into play.

Support from the broader market would be needed for Bitcoin to break back through to $64,000 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $64,859.

Failure to avoid a fall through the $63,014 pivot would bring the first major support level at $62,182 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $61,169.

The Crypto Daily – Movers and Shakers – April 14th, 2021

Bitcoin, BTC to USD, rose by 6.09% on Tuesday. Reversing a 0.26% decline from Monday, Bitcoin ended the day at $63,537.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $59,859.0 before making a move.

Steering clear of the first major support level at $59,131, Bitcoin surged to a final hour intraday high and a new swing hi $63,555.0.

Bitcoin broke through first major resistance level at $60,977 and the second major resistance level at $62,081.

While falling short of the third major resistance level at $63,927, Bitcoin held on to close out the day at $63,500 levels.

The near-term bullish trend remained intact supported by the latest move through to $63,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,750 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.

Binance Coin slid by 7.60%, with Polkadot falling by 0.07% to buck the trend on the day.

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

Ripple’s XRP jumped by 22.24% to lead the way, with Bitcoin Cash SV rallying by 12.66%.

Cardano’s ADA (+7.50%), Chainlink (+7.22%), Crypto.com Coin (+7.00%), Ethereum (+7.57%), and Litecoin (+8.56%) also made solid gains.

Early in the week, the crypto total market fell to a Monday low $1,959bn before rising to a Tuesday high $2,195bn. At the time of writing, the total market cap stood at $2,146bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Tuesday low 54.27%. At the time of writing, Bitcoin’s dominance stood at 55.22%.

This Morning

At the time of writing, Bitcoin down by 0.42% to $63,270.0. A mixed start to the day saw Bitcoin rise to an early morning high and a new swing hi $63,732.0 before falling to a low $63,166.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.40%), Ethereum (-0.08%), and Polkadot (-0.48%) also saw red early on.

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

At the time of writing, Crypto.com Coin was up by 2.97% to lead the way.

BTCUSD 140421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $62,317 to bring the first major resistance level at $64,775 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s new swing hi $63,732.0.

Barring an extended crypto rally, the first major resistance level and resistance at $65,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $68,000 before any pullback. The second major resistance level sits at $66,013.

Failure to avoid a fall back through the $62,317 pivot would bring the first major support level at $61,079 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of sub-$60,000 levels. The second major support level sits at $58,621.

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

Bitcoin, BTC to USD, rose by 0.36% on Sunday. Following on from a 2.89% gain on Saturday, Bitcoin ended the week up by 3.08% to $60,032.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $60,722.0 before hitting reverse.

Falling short of the first major resistance level at $61,403, Bitcoin fell to an early afternoon intraday low $59,308.0.

Steering clear of the first major support level at $58,060, Bitcoin revisited $60,200 levels before easing back.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin fell by 2.32% to lead the way down.

Litecoin (-1.49%), Polkadot (-1.02%), and Ripple’s XRP (-1.32%) also saw red.

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

Binance Coin rallied by 11.55% to lead the way.

Cardano’s ADA (+3.81%) and Chainlink (+6.00%) also making solid gains.

Bitcoin Cash SV (+1.59%), and Ethereum (+0.82%) also joined Bitcoin in the green.

For the week, it was also mixed for the majors.

Polkadot slid by 9.51%, with Crypto.com Coin falling by 0.19% to buck the trend.

It was a bullish week for the rest of the majors.

Ripple’s XRP led the way, surging by 113.1%, with Binance Coin jumping by 50.6%.

Bitcoin Cash SV (+20.59%) and Litecoin (+24.81%) also made solid gains in the week.

Cardano’s ADA (+6.84%), Chainlink (+10.03%), and Ethereum (+3.58%) trailed the front runners, however.

In the week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,000bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Sunday low 55.13%. At the time of writing, Bitcoin’s dominance stood at 55.70%.

This Morning

At the time of writing, Bitcoin was down by 0.49% to $59,738.1. A mixed start to the day saw Bitcoin rise to an early morning high $60,406.0 before falling to a low $59,669.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.41%), Cardano’s ADA (+0.86%), and Crypto.com Coin (+0.90%) bucked the trend early on.

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

At the time of writing, Litecoin was down by 1.08% to lead the way down.

BTCUSD 120421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $60,021 to bring the first major resistance level at $60,733 into play.

Support from the broader market would be needed for Bitcoin to break through Sunday’s high $60,722.0.

Barring an extended crypto rally, the first major resistance level and resistance $61,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $61,435.

Failure to move back through the $60,021 pivot would bring the first major support level at $59,319 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $58,607.

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

Bitcoin, BTC to USD, rose by 2.89% on Saturday. Following on from a 0.04% gain on Friday, Bitcoin ended the day at $59,812.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $57,900.0 before making a move.

Steering clear of the first major support level at $57,602, Bitcoin rallied to an early morning intraday high $61,243.0.

Bitcoin broke through the day’s major resistance levels to come within range of the March swing hi $61,699.0 before hitting reverse.

The reversal saw Bitcoin slide back to sub-$58,500 levels before finding support.

Bitcoin broke back through the first major resistance level at $58,777 and the second major resistance level at $59,420 to end the day at $59,800 levels.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot fell by 0.88% to buck the trend on the day.

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

Ripple’s XRP surged by 34.82% to lead the way, with Litecoin rallying by 15.75%.

Binance Coin  (+3.96%), Crypto.com Coin (+2.81%), and Ethereum (+3.22%) made relatively solid gains.

Bitcoin Cash SV (+0.32%), Cardano’s ADA (+1.21%), and Chainlink (+1.03%) trailed the front runners, however.

In the current week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,010bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Saturday low 55.40%. At the time of writing, Bitcoin’s dominance stood at 56.29%.

This Morning

At the time of writing, Bitcoin was up by 1.22% to $60,541.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,651.0 before rising to a high $60,624.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.12%), Litecoin (-1.77%), and Polkadot (-2.42%) saw red to buck the trend early on.

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

At the time of writing, Ripple’s XRP was up by 4.74% to lead the way.

BTCUSD 110421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $59,652 to bring the first major resistance level at $61,403 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $61,243.0.

Barring an extended crypto rally, the first major resistance level and resistance at the March swing hi $61,699 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $65,000 before any pullback. The second major resistance level sits at $62,995.

Failure to avoid a fall back through the $59,652 pivot would bring the first major support level at $58,060 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $56,309.

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

Bitcoin, BTC to USD, rose by 0.04% on Friday. Following on from a 3.84% gain on Thursday, Bitcoin ended the day at $58,134.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $57,713.0 before making a move.

Steering clear of the first major support level at $56,498, Bitcoin rallied to a late morning intraday high $58,777.0.

Falling short of the first major resistance level at $58,939, Bitcoin eased back to sub-$58,000 levels.

Finding late support, however, Bitcoin broke back through to $58,000 levels to end the day flat.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin  and Bitcoin Cash SV rallied by 8.29% and by 8.85% to lead the way. Crypto.com Coin (+5.11%) also found support to buck the broader trend on the day.

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

Chainlink (-3.65%) and Ripple’s XRP (-3.66%) led the way down.

Cardano’s ADA (-1.45%), Ethereum (-0.73%), and Litecoin (-2.25%), and Polkadot (-1.41%) also struggled, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,782bn. At the time of writing, the total market cap stood at $1,916bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.46%.

This Morning

At the time of writing, Bitcoin was down by 0.30% to $57,958.1. A mixed start to the day saw Bitcoin rise to an early morning high $58,311.0 before falling to a low $57,924.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.33%), Crypto.com Coin (+0.67%), and Ripple’s XRP (+0.05%) found early support.

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

At the time of writing, Litecoin was down by 0.62% to lead the way down.

BTCUSD 100421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $58,245 to bring the first major resistance level at $58,777 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,420.

Failure to move back through the $58,245 pivot would bring the first major support level at $57,602 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$57,000 levels. The second major support level at $57,070 should limit the downside.

The Crypto Daily – Movers and Shakers – April 9th, 2021

Bitcoin, BTC to USD, rose by 3.84% on Thursday. Reversing a 3.50% loss from Wednesday, Bitcoin ended the day at $58,110.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,714.0 before making a move.

Steering clear of the first major support level at $54,798, Bitcoin rallied to a late intraday high $58,155.0.

Bitcoin broke through the first major resistance level at $57,882 before a fall back to $57,500 levels.

Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $58,000 levels.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP jumped by 15.89% to lead the way, with Binance Coin  rallying by 11.65%.

Cardano’s ADA (+4.02%), Chainlink (+5.35%), Crypto.com Coin (+7.31%), Ethereum (+5.93%), and Litecoin (+3.21%) also found strong support.

Bitcoin Cash SV (+2.79%) and Polkadot (+0.81%) trailed the front runners, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,920bn.

Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.55%.

This Morning

At the time of writing, Bitcoin was up by 0.05% to $58,138.3. A mixed start to the day saw Bitcoin rise to an early morning high $58,239.0 before falling to a low $58,063.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Polkadot were down by 0.17% and by 0.07% to buck the trend early on, with Binance Coin flat.

At the time of writing, Crypto.com Coin was up by 1.50%, however, to lead the way.

BTCUSD 090421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,326 to bring the first major resistance level at $58,939 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,767.

A fall through the $57,326 pivot would bring the first major support level at $56,498 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,885.

The Crypto Daily – Movers and Shakers – April 7th, 2021

Bitcoin, BTC to USD, fell by 1.95% on Tuesday. Reversing a 1.55% gain from Monday, Bitcoin ended the day at $57,991.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $59,499.0 before hitting reverse.

Falling short of the first major resistance level at $59,980, Bitcoin fell to an early afternoon intraday low $57,401.0.

Bitcoin fell through the first major support level at $57,580 before briefly revisiting $58,200 levels.

Failing to move back through to $59,000 levels, Bitcoin eased back to end the day at sub-$58,000 levels.

The near-term bullish trend remained intact supported by the recovery from sub-$55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 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.

Crypto.com Coin and Polkadot slid by 7.12% and by 3.57% to buck the trend and join Bitcoin in the red.

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

Ripple’s XRP jumped by 19.75% to lead the pack, with Binance Coin  (+9.63%), Chainlink (+7.38%), and Litecoin (+7.08%) also on the move.

Bitcoin Cash SV (+1.79%), Cardano’s ADA (+3.40%), and Ethereum (+0.26%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a Tuesday high $1,992bn. At the time of writing, the total market cap stood at $1,928bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Tuesday low 55.77%. At the time of writing, Bitcoin’s dominance stood at 56.31%.

This Morning

At the time of writing, Bitcoin was up by 0.24% to $58,133.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,958.0 before rising to a high $58,189.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.46%), Polkadot (-0.61%), and Ripple’s XRP (-0.29%) saw red to buck the trend early on.

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

At the time of writing, Crypto.com Coin and Litecoin were up by 1.89% and by 1.73% to lead the way.

BTCUSD 070421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $58,297 to bring the first major resistance level at $59,193 into play.

Support from the broader market would be needed for Bitcoin to break back through to $59,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,395.

Failure to move through the $58,297 pivot would bring the first major support level at $57,095 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,199.

The Crypto Daily – Movers and Shakers – April 5th, 2021

Bitcoin, BTC to USD, rose by 2.12% on Sunday. Partially reversing a 3.29% fall from Saturday, Bitcoin ended the week up by 4.40% to $58,240.2.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $56,500.0 before making a move.

Steering clear of the first major support level at $55,981.0, Bitcoin rallied to a mid-afternoon intraday high $58,480.0.

Falling short of the first major resistance level at $58,950.0, Bitcoin slipped back to sub-$58,000 levels.

Finding late support, however, Bitcoin move back through to $58,200 levels to end the day in the green.

The near-term bullish trend remained intact supported by the recovery to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin fell by 1.95% to buck the trend on the day.

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

Binance Coin  and Ripple’s XRP rallied by 8.41% and by 9.69% respectively to lead the pack.

Chainlink (+4.96%), Ethereum (+3.35%), Litecoin (+3.58%), and Polkadot (+4.94%) also found strong support.

Bitcoin Cash SV (+2.14%), Cardano’s ADA (+1.71%) trailed the front runners, however.

It was also a mixed week for the crypto majors.

Cardano’s ADA slipped by 0.65% to buck the trend.

It was a bullish week for the rest of the pack, however.

Binance Coin (+29.93%) and Polkadot (+31.58%) led the way, with Ethereum rallying by 23.09%.

Bitcoin Cash SV (+14.66%), Chainlink (+15.29%), and Ripple’s XRP (+16.11%) also made solid gains.

Crypto.com Coin (+4.97%) trailed the front runners, however.

In the week, the crypto total market fell to a Monday low $1,671bn before rising to a Saturday high $1,932bn. At the time of writing, the total market cap stood at $1,872bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Sunday low 57.67%. At the time of writing, Bitcoin’s dominance stood at 58.01%.

This Morning

At the time of writing, Bitcoin was down by 0.09% to $58,185.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,430.0 before falling to a low $58,049.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP was down by 1.28% to lead the way down.

Binance Coin (-0.30%), Cardano’s ADA (-0.26%), and Ethereum (-0.19%) also joined Bitcoin in the red.

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

At the time of writing, Crypto.com Coin was up by 1.66% to lead the way.

BTCUSD 050421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,740 to bring the first major resistance level at $58,980 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $59,720.

Failure to avoid a fall through the $57,740 pivot would bring the first major support level at $57,000 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 support levels. The second major support level at $55,760 should limit the downside.

The Crypto Daily – Movers and Shakers – April 4th, 2021

Bitcoin, BTC to USD, slid by 3.29% on Saturday. Reversing a 0.39% gain from Friday, Bitcoin ended the day at $57020.0.

A bullish start to the day saw Bitcoin rise to a late morning intraday high $59,841.0 before hitting reverse.

Falling short of the first major resistance level at $60,000, Bitcoin slid to a final hour intraday low $56.872.0.

Bitcoin fell through the first major support level at $58,128 and the second major resistance level at $57,297.

Finding late support, Bitcoin moved back through to $57,000 levels to reduce the deficit on the day.

In spite of the move back through to $57,000 levels, Bitcoin failed to break back through the second major support level.

The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot rallied by 4.17% to buck the trend on the day.

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

Bitcoin Cash SV (-8.66%), Chainlink (-9.83%), and Litecoin (-7.60%) led the way down.

Binance Coin  (-4.87%), Cardano’s ADA (-2.42%), Ethereum (-5.86%), and Ripple’s XRP (-4.53%) also struggled

Crypto.com Coin ended the day flat, however.

In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Saturday high $1,932bn. At the time of writing, the total market cap stood at $1,802bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Saturday low 57.79%. At the time of writing, Bitcoin’s dominance stood at 58.86%.

This Morning

At the time of writing, Bitcoin was down by 0.66% to $56,642.2. A bearish start to the day saw Bitcoin fall from an early morning high $57,030.0 to a low $56,550.0.

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 6.50% to lead the way down.

BTCUSD 040421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $57,911 to bring the first major resistance level at $58,950 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,880.

Failure to move through the $57,911 pivot would bring the first major support level at $55,981 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 support levels. The second major support level sits at $54,942.

The Crypto Daily – Movers and Shakers – April 3rd, 2021

Bitcoin, BTC to USD, rose by 0.39% on Friday. Reversing a 0.12% decline from Thursday, Bitcoin ended the day at $58,959.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $58,328.0 before making a move.

Steering clear of the first major support level at $57,958, Bitcoin rallied to an early morning intraday high $60,190.0.

Bitcoin broke through the first major resistance level at $59,486 before hitting reverse.

Coming within range of the second major resistance level at $60,259, Bitcoin fell back to a late in the day low $58,400.

Finding late support, however, Bitcoin broke back through to $58,900 levels to end the day in positive territory.

The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot rallied by 9.16% to lead the way, with Bitcoin Cash SV (+7.06%), Chainlink (+7.90%), and Ethereum (+8.43%) also making solid gains.

Binance Coin  (+1.15%), Cardano’s ADA (+0.72%), Crypto.com Coin (+2.09%), Litecoin (+4.32%), and Ripple’s XRP (+6.00%) trailed the front runners.

In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Friday high $1,929bn. At the time of writing, the total market cap stood at $1,892bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Friday low 58.16%. At the time of writing, Bitcoin’s dominance stood at 58.61%.

This Morning

At the time of writing, Bitcoin was up by 0.61% to $59,321.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,944.0 before rising to a high $59,430.0.

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

Elsewhere, it was a mixed start to the day for the majors.

Ethereum bucked the trend early on, falling by 0.98%.

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

At the time of writing, Polkadot was up by 7.06% to lead the way.

BTCUSD 030421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $59,159 to bring the first major resistance level at $60,000 into play.

Support from the broader market would be needed for Bitcoin to break out from $59,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $60,190.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $61,021.

Failure to avoid a fall through the $59,159 pivot would bring the first major support level at $58,128 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 support levels. The second major support level sits at $57,297.

The Crypto Daily – Movers and Shakers – April 2nd, 2021

Bitcoin, BTC to USD, slipped by 0.12% on Thursday. Following a 0.07% decline on Wednesday, Bitcoin ended the day at $58.724.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $59,483.0 before hitting reverse.

Falling short of the first major resistance level at $60,188, Bitcoin slid to a late morning low $58,029.0.

Steering clear of the major support levels, Bitcoin revisited $59,300 levels before falling to a mid-afternoon intraday low $57,955.0.

Continuing to avoid the first major support level at $57,115, Bitcoin found late support to revisit $59,000 levels before falling back into the red.

The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed start to the month on Thursday.

Cardano’s ADA (-0.78%) and Ripple’s XRP (-0.04%) joined Bitcoin in the red.

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

Binance Coin  rallied by 10.58% to lead the way.

Bitcoin Cash SV (+4.32%), Chainlink (+2.37%), Ethereum (+2.52%), and Litecoin (+2.93%) also found strong support.

Crypto.com Coin (+0.67%) and Polkadot (+1.00%) trailed the front runners on the day.

In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Thursday high $1,880bn. At the time of writing, the total market cap stood at $1,836bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Thursday low 59.09%. At the time of writing, Bitcoin’s dominance stood at 59.69%.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $58,703.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,891.0 before falling to a low $58,572.1.

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

Elsewhere, it was a mixed start to the day for the majors.

Binance Coin (+2.43%), Cardano’s ADA (+0.20%), Polkadot (+0.31%), and Ripple’s XRP (+0.95%) found early support.

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

At the time of writing, Crypto.com Coin was down by 1.04% to lead the way down.

BTCUSD 020421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $58,721 to bring the first major resistance level at $59,486 into play.

Support from the broader market would be needed for Bitcoin to break back through to $59,400 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,249.

Failure to move back through the $58,721 pivot would bring the first major support level at $57,958 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$57,000 levels. The second major support level at $57,193 should limit the downside.

Bitcoin Analysis. BTC has to Surge, Here is Why.

This year Bitcoin had the second best performing March ever in the history of Bitcoin, the first was 8 years ago when Bitcoin gained 178.70%. Overall, the first quarter of 2021 was Bitcoin’s best quarter in terms of gains. However a massive sell-off which started on March 24 played havoc with the bullish hoping investors. The sell-off was mainly caused by the end of the Bitcoin futures contracts and options.

Speaking of futures, CME will be launching Bitcoin micro futures this May, which should attract retail investors to the exchange. The BTC micro futures contract will be only 1/10 of the original notional value of BTC. The launch of the BTC micro futures is scheduled for May 3 after the settlement of BTCCJ1 futures and options on the exchange. This move from the CME group might be backed by the fact that Bitcoin inflows from retail investors in Q1 2021 outnumbered the inflow from institutional.

Bitcoin and cryptocurrency payments are being accepted by more and more companies, airBaltic, the first airline to accept Bitcoin payments, has announced that it will expand the cryptocurrency payments and will add Ethereum, Doge, BCH. PayPal enables cryptocurrency payments in millions of stores. As Bitcoin’s transactions increase so does the Bitcoin’s hashrate, and it just hit a record high with more than 166.4M TH per second. The hashrate and the price are strongly correlated, as miners expect a higher reward for the higher computational capacity provided by them. The previous ATH of Bitcoin’s hasrate was on February 9, 2021 when BTC/USD hit $48 142 setting a new high, and after a slight correction set a new straight uptrend, which continued up to February 21 and halted at $58 352. With that being said it is estimated that Bitcoin is entering into a new bull cycle and a new heavy correction based on miners sentiment is expected. Verdict, Bitcoin is bullish.

There issue of Bitcoin polluting the environment due to it’s PoW (Proof-of-work) mechanism remains, and when the number of Bitcoin transactions rise, so will the power to maintain the network. Carbon footprint of Bitcoin is heavily discussed and could force miners to work on safer and carbon neutral Bitcoin mining farms. Such a requirement will force smaller players to leave the mining and larger institutions to invest in clean energy. The state of Kentucky in it’s “Incentives for Energy-related Business” program proposes tax incentives for miners using clean energy for cryptocurrency mining.

First to step in into the carbon free Bitcoin movement are Argo Blockchain and DMG Blockchain Solutions, which have signed a memorandum of understanding to build the first carbon-neutral mining pool. The pool will be powered solely by the hydroelectric power, which has lesser emissions. This is to avert fears of Bitcoin getting banned due to its carbon emissions. Stricter regulations – yes, increasing scarcity – yes, increasing investment – yes, ban – no. This could be a good opportunity for developing countries that have great water resources to invest into providing clean energy for the evolving cryptocurrency industry. Verdict, Bitcoin is bullish.

As for the chart analysis, Bitcoin resumed uptrend after a sell-off of March 24. BTC/USD on Overbit is currently traded at $57 626 and is above the dynamic resistance of March 14 and the current All-time-high at $61 677.

Bitcoin price on Overbit

Bitcoin’s uptrend was rejected by a strong resistance at $59 280 yesterday, the drop continued today until BTC tested the dynamic resistance and support and retraced. There are two scenarios to watch for the upcoming price action.

The first is – Bitcoin bulls do not get enough momentum and bears bring down the price to the support zone at $54 450 – $54 100 levels, where bulls regain power to push the price upwards, forming a perfect Inverted Head and Shoulders pattern and testing the MA200 as support. This scenario is supported by RSI and MACD indicators,

Bitcoin price on Overbit

The second, bulls push the price upwards break above the $59 290 resistance and Bitcoin tests $62 300 and sets a new all-time-high at $65 000. This scenario is supported by the current price action and the last candle formed on a 4H chart. The candle reads that buyers are not giving up and were able to push the price higher. The current price is also above the dynamic resistance and above EMA50 and MA100.

Bitcoin price on Overbit

It is important to note that the confirmation of the bullish continuation will be signalled by closing above the $59 290 resistance.

The Crypto Daily – Movers and Shakers – March 31st, 2021

Bitcoin, BTC to USD, rose by 2.02% on Tuesday. Following on from a 3.39% rally on Monday, Bitcoin ended the day at $58,840.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $57,135.0 before making a move.

Steering clear of the first major support level at $55,507, Bitcoin rallied to a mid-day intraday high $59,523.0.

The morning rally saw Bitcoin break through the first major resistance level at $59,168 before easing back.

Falling short of $60,000 levels and the second major resistance level at $60,660, Bitcoin fell back to sub-$58,500 levels.

Finding late support, however, Bitcoin briefly moved back through to $58,900 levels before easing back.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 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.

Binance Coin  jumped by 13.22% to lead the way.

Cardano’s ADA (+0.84%), Crypto.com Coin (+0.33%), Ethereum (+1.40%), and Litecoin (+1.06%) also found support.

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

Polkadot fell by 2.97% to lead the way down.

Bitcoin Cash SV (-0.53%), Chainlink (-0.70%), and Ripple’s XRP (-0.46%) also saw red on the day.

In early part of the week, the crypto total market fell to a Monday low $1,671bn before rising to a Tuesday high $1,843bn. At the time of writing, the total market cap stood at $1,812bn.

Bitcoin’s dominance fell to a Monday low 60.14% before rising to a Monday high 61.31%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

This Morning

At the time of writing, Bitcoin was up by 0.26% to $58,993.1. A mixed start to the day saw Bitcoin fall to an early morning low $58,805.0 before rising to a high $58,994.0.

Elsewhere, it was another mixed start to the day.

Cardano’s ADA and Chainlink bucked the trend early on, with losses of 0.12% and 0.22% respectively.

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

At the time of writing, Ethereum was up by 0.40% to lead the way.

BTCUSD 310321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,499 to bring the first major resistance level at $59,864 into play.

Support from the broader market would be needed for Bitcoin to break out from Tuesday’s high $59,523.0.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,887.

Failure to avoid a fall through the $58,499 pivot would bring the first major support level at $57,476 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level at $56,111 should limit the downside.

The Crypto Daily – Movers and Shakers – March 29th, 2021

Bitcoin, BTC to USD, slipped by 0.18% on Sunday. Partially reversing a 1.64% gain from Saturday, Bitcoin ended the week down by 2.72% to $55,780.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $56,609.0 before hitting reverse.

Falling short of the first major resistance level at $57,024, Bitcoin slid to a late intraday low $54,800.0.

Bitcoin fell through the first major resistance level at $54,379 before briefly revisiting $55,850 levels.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (+1.10%), Crypto.com Coin (+0.25%), Litecoin (+0.09%), and Ripple’s XRP (+0.05%) bucked the trend on the day.

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

Bitcoin Cash SV slid by 3.41% to lead the way down.

Binance Coin  (-0.23%), Chainlink (-0.72%), Ethereum (-1.58%), and Polkadot (-0.95%) also saw red on the day.

For the week, it was also a mixed week for the majors.

Binance Coin (+1.45%), Cardano’s ADA (+0.28%), and Ripple’s XRP (+5.89%) bucked the trend in the week.

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

Chainlink (-8.78%), Crypto.com Coin (-6.89%), and Polkadot (-9.62%) led the way down.

Bitcoin Cash SV (-2.19%), Ethereum (-5.45%), and Litecoin (-5.80%) also joined Bitcoin in the red.

In the week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,703bn.

Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.09%. At the time of writing, Bitcoin’s dominance stood at 60.91%.

This Morning

At the time of writing, Bitcoin was down by 0.39% to $55,563.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,908.1 before falling to a low $55,563.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP was up by 0.45% to buck the trend on the day.

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

At the time of writing, Crypto.com Coin was down by 1.39% to lead the way down.

BTCUSD 290321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $55,730 to bring the first major resistance level at $56,659 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $56,609.0.

Barring an extended crypto rally, the first major resistance level and resistance at $57,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,539.

Failure to move back through the $55,730 pivot would bring the first major support level at $54,850 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $53,921.

The Crypto Daily – Movers and Shakers – March 28th, 2021

Bitcoin, BTC to USD, rose by 1.64% on Saturday. Consolidating Friday’s 7.08% rally, Bitcoin ended the day at $55.886.0.

A mixed start to the day saw Bitcoin fall to a mid-day intraday low $54,010.0 before making a move.

Steering clear of the first major support level at $52,529, Bitcoin rallied to a late intraday high $56,655.0.

Bitcoin broke through the first major resistance level at $56,229 before falling back to sub-$56,000 levels.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA and Polkadot fell by 3.08% and by 3.05% to lead the way down.

Chainlink (-2.03%), Crypto.com Coin (-0.59%), and Ripple’s XRP (-3.42%) also saw red on the day.

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

Binance Coin  rallied by 5.49% to lead the way.

Bitcoin Cash SV (+2.77%), Ethereum (+0.82%), and Litecoin (+0.23%) also joined Bitcoin in the green.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,707bn.

Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 61.08%.

This Morning

At the time of writing, Bitcoin was up by 0.02% to $55,895.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,859.0 before rising to a high $56,029.0

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

Elsewhere, it was a mixed start to the day.

Binance Coin was up by 0.12% to join Bitcoin in the green.

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

At the time of writing, Ripple’s XRP was down by 0.67% to lead the way down.

BTCUSD 280321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,517 to bring the first major resistance level at $57,024 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $56,655.0.

Barring an extended crypto rally, the first major resistance level and resistance at $57,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,162.

Failure to avoid a fall through the $55,517 pivot would bring the first major support level at $54,379 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $52,872.

The Crypto Daily – Movers and Shakers – March 27th, 2021

Bitcoin, BTC to USD, rallied by 7.08% on Friday. Reversing a 1.86% loss from Thursday, Bitcoin ended the day at $54,993.0.

A mixed start to the day saw Bitcoin fall to an early morning low $51,300.0 before making a move.

Steering clear of the first major support level at $50,100, Bitcoin rallied to a late intraday high $55,000.0.

Bitcoin broke through the first major resistance level at $52,866 and the second major resistance level at $54,374.0.

In spite of a late pullback, Bitcoin avoided a fall through the second major resistance level, wrapping up the day at $54,900 levels.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA and Ripple’s XRP rallied by 10.78% and by 10.37% to lead the way.

Binance Coin  (+9.07%) Chainlink (+7.20%), Ethereum (+7.13%), and Litecoin (+7.10%) also found strong support.

Bitcoin Cash SV (+3.47%), Crypto.com Coin (+3.91%), and Polkadot (+3.64%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,700bn.

Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.87%.

This Morning

At the time of writing, Bitcoin was up by 0.65% to $55,348.0. A mixed start to the day saw Bitcoin fall to an early morning low $54,965.0 before striking a high $55,500.0.

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, Crypto.com Coin was up by 2.63% to lead the way.

BTCUSD 270321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $53,764 to bring the first major resistance level at $56,229 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s high $55,500.0.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $57,464.

Failure to avoid a fall through the $53,764 pivot would bring the first major support level at $52,529 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $50,064 should limit the downside.

The Crypto Daily – Movers and Shakers – March 26th, 2021

Bitcoin, BTC to USD, fell by 1.86% on Thursday. Following on from a 3.72% slide on Wednesday, Bitcoin ended the day at $51,358.0.

A mixed start to the day saw Bitcoin fall to an early morning low $51,511.0 before making a move.

Steering clear of the major support levels, Bitcoin rallied to a late morning intraday high $53,116.0.

Falling short of the first major resistance level at $55,853, Bitcoin slid to a mid-day intraday low $50,350.0.

Steering clear of the first major support level at $50,163, Bitcoin moved back through to $51,300 levels to reduce the deficit on the day.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin tumbled by 13.95% to lead the way down.

Binance Coin  (- 5.77%), Bitcoin Cash SV (-3.31%) and Litecoin (-2.54%) also joined Bitcoin in the red.

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

Ripple’s XRP rallied by 6.66% to lead the way, with Cardano’s ADA (+2.68%) and Chainlink (+2.79%) also finding strong support.

Ethereum (+0.32%) and Polkadot (+0.50%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,588bn.

Bitcoin’s dominance fell to a Tuesday low 60.20% before rising to a Wednesday high 62.24%. At the time of writing, Bitcoin’s dominance stood at 60.94%.

This Morning

At the time of writing, Bitcoin was up by 0.87% to $51,807.0. A mixed start to the day saw Bitcoin fall to an early morning low $51,300.0 before rising to a high $52,115.0.

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

Elsewhere, it was a mixed start to the day. Polkadot was down by 0.02% to buck the trend early on.

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

At the time of writing, Cardano’s ADA and Crypto.com Coin were up by 1.76% and by 1.70%, with Ripple’s XRP up by 1.79% to lead the way.

BTCUSD 260321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $51,608 to bring the first major resistance level at $52,866 into play.

Support from the broader market would be needed for Bitcoin to break out from $52,500 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $53,116.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,374.

Failure to avoid a fall back through the $51,608 pivot would bring the first major support level at $50,100 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $48,842 and the 23.6% FIB of $48,082.