Top 3 Cryptos to Hold Over 2022

A new year has arrived, and the cryptocurrency market remains unstoppable in terms of volatility, given that assets like Bitcoin (BTC) and Ether (ETH) keep showing wild swings across the board.

With a new 365-days period in place for the life of every investor or a new one who wants to join the crypto bandwagon, questions start to arise on whether one should allocate the funds to gather profits from such volatility.

However, the most critical factor to consider when dealing with digital assets is the concept of “HODLing” or holding a crypto investment. There are a plethora of instruments to invest in, and the major cryptos by market capitalization keep catching the attention.

Bitcoin? ADA? Bitcoin Cash? Litecoin? Let’s dig into the trending coins to watch for 2022 and why they could be a must to pay attention to when trading, or most importantly, HOLD.

Cardano (ADA): A Disappointment That Could Turn Into a Profitable Opportunity

The cryptocurrency backed by the Cardano Foundation managed to hit last year the $3 neighborhood, but then it started to plummet significantly to move back into the unconscious territory around $1.25.

Crypto holders were absolutely disappointed because most of them saw ADA as a long-term opportunity to hold the digital asset and profit from such a steady rise.

However, the fear-fueled increased the shorts in Cardano coin, which is why it consolidated back below the 200-day simple moving average.

From a fundamental point of view, Cardano blockchain had several upgrades to its network, including a hard fork deployed at mid-year.

AFX FXEmpire
Source: FXEMPIRE

Still, the technical perspective puts the $1.10 level as a tough nut to crack to the downside, as the demand surged across the board with buyers so interested in capping any sellers’ attempt to take ADA below the $1.00 threshold.

Now, the decline seems to be another opportunity to “buy the dips” for ADA, and the technicals are starting to align to the upside, with the RSI indicator at the daily chart heading northwards.

Litecoin (LTC): The Calm Before the Storm?

LTC was hit last year by fake news that temporarily bolstered its price action with wild swings that, in the end, take it to a nowhere zone. Fake endorsements from Walmart or related helped the price recover in minutes from lows that Litecoin hasn’t managed to cover at all.

As of press time, LTC is exchanging hands at around $144.75 and looks forward to keeping untouched the support area of $120. From a technical point of view, the cryptocurrency wants to consolidate above the $200 zone and could aim to hit the highs again from November 2021.

LTC FXEmpire
Source: FXEMPIRE

If that scenario materializes, a golden crossover with the 50 and the 200 SMAs could happen at the daily chart, fueling the bullish price action and eventually taking the crypto to new highs, rising towards the $380 in a first degree, followed by the highs of May 2021 at around $413.91.

The RSI indicator supports the bullish scenario, as the slope points to the upside and stays in the positive territory.

Bitcoin (BTC): There Is Not Much To Say – Charts Talk By Themselves

2021 was a rollercoaster year for the world’s biggest cryptocurrency by market cap, as China and coronavirus’ vowes made the headlines and led the price action across the sphere. Now, as the BTC exchanges hands around the $43,000 zone, investors are looking to buy the dips again.

In fact, Bitcoin is hovering around another significant bottom it made between September and October last year in the midst of the renewed crackdown launched by the Chinese government.

BTC FXEmpire
Source: FXEMPIRE

If there is a buying resurgence at the current stage, the eyes will be on the critical threshold of $70,000 to refresh all-time highs.

Conclusion

With an interesting year to come in terms of NFT, metaverse, and altcoins adoption, the biggest cryptos by market capitalization could gather steam and eventually become favored by the mainstream interest among the ones who get in touch with the crypto sphere.

Of course, digital assets like Bitcoin and ADA are just the doors for the people to join the bandwagon of a broad offering of cryptos.

Ripple and Bitcoin Cash Elliott Wave Cycles Point Recovery Ahead

We can see a new intraday decline following stock market sell-off, which can still belong to a higher degree wave »iv« correction within downtrend according to our primary count.

However, we are also still observing a secondary count, where Crypto market could be unfolding a bigger three-wave A-B-C corrective recovery, where current drop could be a pullback in wave B.

XRPUSD remains nicely bearish in the 4-hour chart as expected and we can see a quite clear impulsive decline, so bears are probably still in control, just be aware of a potential A-B-C pullback before the downtrend resumes, as five waves down can be seen. Ideal resistance is in the 0.80 – 086 area, but keep in mind that we remain bearish as long as the price is below 1.02 invalidation level.

Ripple 4h Elliott Wave Analysis

Chart Description automatically generated

BCHUSD is making quite big intraday recovery, so wave 5 can be completed, but notice that it didn’t break below previous December 2021 spike low, so for now we are just observing a minimum three-wave A-B-C rally which can still belong to a higher degree correction within downtrend, while the price is below 544 level.

Bitcoin Cash 4h Elliott Wave Analysis

Chart, line chart Description automatically generateds

 

OneRoyal Chairman Rayan Al-Annan on Making 2022 a Royal Year

Not all success stories are loud, and OneRoyal is a prime example of that. Founded in the US in 2006, the broker saw global expansion and opening offices from Europe to Australia. In 15 years of successful operation, the company did not actively pursue PR and media exposure, opting to focus on providing its clients with premium trading experience instead. Now, the broker is stepping up its visibility. Today, we sat down with OneRoyal founder and Chairman Rayan El Annan to look at the company today, and the vision for success in 2022 and beyond.

From Florida to Australia, Cyprus, Lebanon – how did you end up with such geography?

I launched the company in 2006 in Florida. Regulated by the USA financial authorities (CFTC) and a member of the NFA at the time, it did exceptionally well. In mid-2008, we made a strategic decision to move the “ROYAL-RFXT.COM” brand to the Middle East (while maintaining the Global Support Office in the US). Driven by organic growth of the company and the ambition to expand globally, we acquired our CySec, ASIC, VFSC and FSA licenses. With our Market Research and Training arm based in Cairo, Egypt, we are exceptionally well positioned to service traders worldwide.

What have been the highlights of the year 2021 for OneRoyal?

This year, we uplifted the brand from Royal to OneRoyal, to emphasize that we are THE ONE broker that our clients need. Our ambition is to be “the last broker our clients will ever register with” – simply because the trading experience and the products we provide meet and exceed their expectations. To reflect this ambition, we have updated our logo and are now gearing up towards the launch of the new website and the client areas, with a shortened and streamlined onboarding process.

When it comes to the product offering, we introduced 15 ETFs in May. We also expanded our deposit methods by adding crypto (USDT, BTC, ETH and XRP) to meet the demand of crypto-focused traders. Later in the year, we went further on crypto by adding Dash and Bitcoin Cash to our CFD offering. And recently, we have introduced Bitcoin as an account base currency on the MT4 platform.

What are OneRoyal’s plans for 2022?

2022 feels very special as this is our anniversary year, and we start it by reflecting on our 15 Years of Excellence as we keep going forward with new projects and goals that will propel us to further growth. Our website and refreshed client areas are in the making. We are updating our onboarding flow, so clients could start trading in 60 seconds, while also stepping up our offering for institutional clients. In the coming weeks, we will be moving to the new premises in Limassol, which will be our global hub, and gaining a more prominent exposure on the scene, as well as in the media and industry events.

Does the new HQ mean more hiring in Cyprus?

Yes, we have been actively hiring lately, mostly with the purpose to upgrade our top management team and set the company up for strategic growth. We have hired key players to our C-suite and I personally have faith in our renewed vision and the team’s capabilities of executing it.

What is this renewed vision exactly?

Internally, we have formulated our vision as redefining the relationship between brokers and traders towards stability and trust, while building an environment where it becomes a norm for brokers to give back to their community through supporting education and growth, creating a better future for the next generations. Our future decisions regarding potential partnerships, sponsorships and CSR initiatives will be made to foster this vision.

It makes sense that OneRoyal puts emphasis on stability and trust between brokers and traders. In over 15 years in the market, the company did not have any regulatory controversies and accusations – which is uncommon in the industry known for its bad reputation. What is the secret of that?

I don’t believe there’s any secret. I founded OneRoyal when I was 25, and I have always been determined to build a company that lasts over 100 years. Hence, regulatory compliance has always been among our core values, and we take it very seriously. That said, I do not believe that OneRoyal is unique in that, and being compliant is not a special secret. In fact, there are a lot of honest and reliable players in the industry. It’s unfortunate that there are some “bad apples”, be it companies or individuals, who mislead clients, thus contributing to the industry’s bad reputation. On a personal note, it is vital for me that we do things right, and I will always sacrifice short-term gains, no matter how big, for the long-term stability and future of OneRoyal.

A New Scam Directs Victims To Crypto ATMs To Send Money, Warns FTC

The US Federal Trade Commission (FTC) has cautioned the public about a new scam involving transactions through a crypto ATM.

Per the warning, issued Monday, perpetrators pretend to be a representative from a government agency or law enforcement, or prize promoters. They trap the public via call, text, email, or social media messages, asking to pay money for a lottery or a prize, or even claiming a romantic interest for instance.

The impersonator then persuades victims to withdraw money from their bank or investment accounts. They stay on-call throughout to direct the victim to a nearby crypto ATM to deposit fiat money, to buy Bitcoin mostly. Once done, the fraudsters send a QR code with their crypto address embedded in it.

“Once you buy the cryptocurrency, they have you scan the code so the money gets transferred to them. But then your money is gone,” advised the FTC.

The alert comes at a time where there is an increase in scammers directing victims to use crypto ATMs and QR codes for transactions, a recent FBI alert noted.

The FTC reported in May 2021 that consumers sent over $2 million to impersonators pretending to be Tesla CEO Elon Musk. From October 2020 to May’21, nearly 7,000 people reported losses of more than $80 million on that and other fake crypto scams, with a median loss of $1,900.

“Many people have told the FTC they loaded cash into Bitcoin ATM machines to pay imposters claiming to be from the Social Security Administration. Others reported losing money to scammers posing as Coinbase, a well-known cryptocurrency exchange,” according to the report.

Repeated Warnings

The Federal Bureau of Investigation (FBI) started the trend of issuing warnings to the public on fraudulent schemes using cryptocurrency ATMs. “It is important to remain vigilant and not make payments to someone you have only spoken to online,” the FBI said in November.

HODL Bitcoin ATMs, an operator of Bitcoin ATMs in the states of Maryland, DC, and Virginia, has also warned its users over various possible scams including ATM frauds.

The Bitcoin ATM chain noted that “crypto transactions are irreversible.” It said, “Bitcoin transactions, including those from our machines, happen immediately and cannot be canceled or reversed. You should always err on the side of caution.”

According to Coin ATM Radar, many Bitcoin ATMs throughout the globe support cryptos like Ethereum, Bitcoin Cash, Dash, and Litecoin. For instance, a crypto ATM at Kenrail Towers in Nairobi supports buying BTC, ETH, LTC, and DOGE.

This makes it easy for impersonators to plan their criminal activities and widen their cryptocurrency choices.

Crypto Scam Report Portals

Both FTC and FBI have come up with a victim assistance portal, for those who have fallen into the trap of fraudsters. Victims are asked to report crypto fraudulent activities on the websites, to help fight scams.

FTC’s “Report Fraud” portal asks victims to report on any frauds or scams, including crypto payment frauds. FTC clearly mentions that “there’s almost no way to get that money back,” if paid in cryptocurrency.

The FBI has introduced a victim assistance program to support and assist victims in navigating the aftermath of crime and the criminal justice process.

Apart from the government assistance on victims, Cryptocurrency Compliance Cooperative, a collaborative association led by top Bitcoin ATM operators, helps combat crypto ATM frauds.

Airbnb Could Adopt Cryptocurrencies Thanks to a Twitter Poll

An increasing number of corporate entities are enabling cryptocurrency payment options for their customers. However, some companies are taking an unlikely route in adopting cryptocurrencies.

Airbnb Users Want Company to Provide Crypto Payment Options

A recent poll by Airbnb CEO Brian Chesky has seen its customers ask for cryptocurrency payment options. Chesky conducted a Twitter poll over the weekend, asking his 399k followers to suggest a feature or product the company should launch in 2022.

In a follow-up tweet earlier today, Chesky pointed out that he has received 4,000 suggestions so far, and integrating cryptocurrency payment options tops the list. Airbnb users want to rent their next house or apartment on the platform and pay for the services using Bitcoin or other cryptocurrencies.

Other top requests included transparent pricing displays, a guest loyalty program, updated cleaning charges, and better customer service. The Airbnb CEO said he also received a couple of token ideas. However, he said the company’s payment selection would not be limited to one or two cryptocurrencies.

If Airbnb goes on to integrate cryptocurrency payment options, it wouldn’t be a surprise to the broader crypto community. In an interview with The Verge in November, Chesky said Airbnb is looking into the cryptocurrency and metaverse sectors.

“We are definitely looking into it. Absolutely. Like the revolution in travel, there is clearly a revolution happening in crypto. Airbnb and crypto both have interesting relationships with trust,” he said.

AMC Ran a Similar Poll Last Year

AMC, one of the leading theater chains in the world, entered the cryptocurrency space in November. On November 12, the company announced that it was now accepting Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

AMC’s CEO Adam Eron conducted a Twitter poll in September to ask his followers if they want the company to start accepting cryptocurrencies. 68.1% of the respondents replied affirmative, and the company now accepts cryptocurrency payments.

The company said it intends to add Dogecoin and Shiba Inu payment options soon.

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Please see the end of the article for a full video tech analysis including a look at the EMAs.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, fell by 0.35% on Sunday. Partially reversing a 1.54% gain from Saturday, Bitcoin ended the week down by 6.81% to $46,704.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $46,458. Steering clear of the first major support level at $45,770 Bitcoin rallied to an early afternoon intraday high $48,364. Bitcoin broke through the first major resistance level at $47,730 before sliding back to sub-$47,000 levels and into the red.

The near-term bullish trend remained intact, in spite of the most recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed session.

Litecoin rose by 3.07% to lead the way, with Cardano’s ADA (+0.08%) and Ripple’s XRP (+0.72%) also bucking the trend on the day.

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

Chainlink slid by 3.52% to lead the way down, with Bitcoin Cash SV (-2.85%), Crypto.com Coin (-1.75%), and Polkadot (-2.44%) also struggling.

Binance Coin (-0.82%) and Ethereum (-0.91%) saw relatively modest losses, however.

In week, the crypto total market fell to a Monday low $2,054bn before rising to a Thursday high $2,303bn. At the time of writing, the total market cap stood at $2,179bn.

Bitcoin’s dominance rose to a Tuesday high 42.25% before falling to a Saturday low 40.21%. At the time of writing, Bitcoin’s dominance stood at 40.39%.

This Morning

At the time of writing, Bitcoin was down by 0.22% to $46,599. A mixed start to the day saw Bitcoin rise to an early morning high $46,791 before falling to a low $46,245.

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

BTCUSD 201221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was up by 0.22% to avoid the red early on.

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

At the time of writing, Crypto.com Coin was down by 1.99% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,175 pivot to bring the first major resistance level at $47,893 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $47,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $48,500 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $49,081. Bitcoin would need plenty of support, however, to breakout from Sunday’s high $48,364 and $48,500 levels.

Failure to move through the $47,175 pivot would bring the first major support level at $45,987 into play. Barring an extended sell-off on the day, however, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at $45,269 should limit the downside.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

 

Bitcoin (BTC) Finds Support though Indicators Suggest It May be Temporary

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Please see the end of the article for a full video tech analysis including a look at the EMAs.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, rose by 1.54% on Saturday. Partially reversing a 3.10% slide from Friday, Bitcoin ended the day at $46,873.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $45,523. Steering clear of the first major support level at $45,134 Bitcoin rallied to a late morning intraday high $47,483. Falling short of the first major resistance level at $46,633, however, Bitcoin fell back to sub-$46,500 levels before finding support.

The near-term bullish trend remained intact, in spite of the most recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish session.

Chainlink rallied by 6.87% to lead the way, with Litecoin (+3.31%) and Ripple’s XRP (+3.74%) also finding strong support.

Binance Coin (+1.58%), Bitcoin Cash SV (+1.34%), Cardano’s ADA (+1.97%), Crypto.com Coin (+1.22%), Ethereum (+2.21%), and Polkadot (+1.89%) trailed the front runnners, however.

In the current week, the crypto total market fell to a Monday low $2,054bn before rising to a Thursday high $2,303bn. At the time of writing, the total market cap stood at $2,194bn.

Bitcoin’s dominance rose to a Tuesday high 42.25% before falling to a Saturday low 40.22%. At the time of writing, Bitcoin’s dominance stood at 40.33%.

This Morning

At the time of writing, Bitcoin was down by 0.05% to $46,848. A mixed start to the day saw Bitcoin rise to an early morning high $46,920 before falling to a low $46,783.

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

BTCUSD 191221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (+0.08%) and Litecoin (+0.05%) avoided the red early on.

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

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 avoid the $46,626 pivot to bring the first major resistance level at $47,730 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $47,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $48,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $48,586.

A fall through the $46,626 pivot would bring the first major support level at $45,770 into play. Barring an extended sell-off on the day, however, Bitcoin should steer clear of  sub-$44,000 levels. The second major support level at $44,666 and the 38.2% FIB of $44,144 and should limit the downside.

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) Faces sub-$45,000 Levels as Losses Mount

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, fell by 3.10% on Friday. Following a 2.53% loss on Thursday, Bitcoin ended the day at $46,180.7.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $48,038 before hitting reverse. Falling short of the first major resistance level at $48,916, Bitcoin slid to an early afternoon intraday low $45,539.

Bitcoin fell through the first major support level at $46,979 and the second major support level at $46,292. Steering clear of sub-$45,000 levels, however, Bitcoin revisited $47,600 levels before falling back into the deep red. The pullback saw Bitcoin fall back through the first major support level and the second major support level to end the day at sub-$46,200 levels.

The near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed session.

Bitcoin Cash SV rose by 2.23% to buck the trend on the day.

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

Crypto.com Coin slid by 6.35% to lead the way down.

Chainlink (-2.49%), Cardano’s ADA (-1.69%), Ethereum (-2.05%), Litecoin (-3.18%), and Polkadot (-2.25%) also struggled.

Binance Coin (-0.04%) and Ripple’s XRP (-0.91%) saw relatively modest losses, however.

In the current week, the crypto total market fell to a Monday low $2,054bn before rising to a Thursday high $2,303bn. At the time of writing, the total market cap stood at $2,131bn.

Bitcoin’s dominance rose to a Tuesday high 42.24% before falling to a Thursday and Friday low 40.60%. At the time of writing, Bitcoin’s dominance stood at 40.74%.

This Morning

At the time of writing, Bitcoin was down by 0.53% to $45,934. A mixed start to the day saw Bitcoin rise to an early morning high $46,278 before falling to a low $45,806.

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

BTCUSD 181221 Hourly Chart

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 1.76% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $46,586 pivot to bring the first major resistance level at $47,633 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $47,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $48,038 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $50,000 levels before any pullback. The second major resistance level sits at $49,085.

Failure to move through the $46,586 pivot would bring the first major support level at $45,134 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of  sub-$44,000 levels. The 38.2% FIB of $44,144 and the the second major support level at $44,087 should limit the downside.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

A Bitcoin (BTC) Move back Through $48,500 Would Bring the Elusive $50,000 into Play

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, fell by 2.53% on Thursday. Reversing a 1.05% gain from Wednesday, Bitcoin ended the day at $47,665.

After a mixed start to the day, Bitcoin rose to a late morning intraday high $49,480 before hitting reverse. Falling short of the first major resistance level at $50,081, Bitcoin slid to a late intraday low $47,543.

Steering clear of the first major support level at $47,161, however, Bitcoin revisited $48,000 levels before easing back.

The near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed session.

Crypto.com Coin rallied by 8.95% to buck the trend on the day.

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

Cardano’s ADA slid by 5.49% to lead the way down, with Bitcoin Cash SV (-3.80%), Chainlink (-4.80%), and Litecoin (-3.14%) also struggling.

Binance Coin (-2.81%), Ethereum (-1.59%), Polkadot (-1.71%), and Ripple’s XRP (-2.62%) saw relatively modest losses, however.

In the current week, the crypto total market fell to a Monday low $2,049bn before rising to a Thursday high $2,304bn. At the time of writing, the total market cap stood at $2,204bn.

Bitcoin’s dominance rose to a Wednesday high 42.27% before falling to a Thursday low 40.58%. At the time of writing, Bitcoin’s dominance stood at 41.01%.

This Morning

At the time of writing, Bitcoin was up by 0.37% to $47,841. A mixed start to the day saw Bitcoin fall to an early morning low $47,440 before rising to a high $47,920.

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

BTCUSD 171221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot were down by 3.66% and by 0.24% respectively 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 0.56% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $48,229 pivot to bring the first major resistance level at $48,916 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $48,500 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $49,480 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $52,000 levels before any pullback. The second major resistance level sits at $50,166.

Failure to move through the $48,229 pivot would bring the first major support level at $46,979 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level at $46,292 should limit the downside.

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) Bulls Target $53,000 Levels as Risk Appetite Returns

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, rose by 1.05% on Wednesday. Following a 3.51% rally on Tuesday, Bitcoin ended the day at $48,901.

After a mixed morning, Bitcoin fell to an early afternoon intraday low $46,600 before making a move. Steering clear of the first major support level at $46,942, Bitcoin rallied to a late intraday high $49,520.

Bitcoin broke through the first major resistance level at $49,270 before easing back to end the day at $48,900 levels.

The near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed session.

Crypto.com Coin fell by 3.20% to buck the trend on the day.

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

Chainlink rallied by 6.71% to lead the way, with Cardano’s ADA (+3.59%) and Ethereum (+4.17%) finding strong support.

Binance Coin (+2.42%), Bitcoin Cash SV (+0.90%), Litecoin (+2.13%), Polkadot (+2.75%), and Ripple’s XRP (+2.14%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $2,297bn before falling to a Monday low $2,049bn. At the time of writing, the total market cap stood at $2,250bn.

Bitcoin’s dominance rose to a Wednesday high 42.27% before falling to a Wednesday low 40.88%. At the time of writing, Bitcoin’s dominance stood at 41.18%.

This Morning

At the time of writing, Bitcoin was up by 0.14% to $48,968. A mixed start to the day saw Bitcoin fall to an early morning low $48,786 before rising to a high $48,985.

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

BTCUSD 161221 Hourly Chart

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 7.84% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,340 pivot to bring the first major resistance level at $50,081 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $49,520.

Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at the 23.6% FIB of $53,628 before any pullback. The second major resistance level sits at $51,260.

A fall through the $48,340 pivot would bring the first major support level at $47,161 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,420.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) Eyes a Return to $50,000 after Tuesday’s Gain

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, rose by 3.51% on Tuesday. Partially reversing a 6.72% slide from Monday, Bitcoin ended the day at $48,399.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $46,356 before making a move. Steering clear of the first major support level at $44,947, Bitcoin rallied to a late intraday high $48,684.

Falling short of the first major resistance level at $49,393, however, Bitcoin eased back to end the day at sub-$48,500 levels.

The near-term bullish trend remained intact, in spite of the recent pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed session.

Crypto.com Coin and Polkadot bucked the trend on the day, falling by 1.35% and by 2.70% respectively.

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

Litecoin led the way, rising by 4.04%.

Cardano’s ADA (+3.59%), Chainlink (+3.78%), and Ripple’s XRP (+3.76%) also found strong support.

Binance Coin (+1.44%), Bitcoin Cash SV (+1.02%), and Ethereum (+2.03%) trailed the front runners, however.

Early in the week, the crypto total market rose to a Monday high $2,297bn before falling to a Monday low $2,049bn. At the time of writing, the total market cap stood at $2,185bn.

Bitcoin’s dominance fell to a Monday low 41.33% before rising to a Tuesday high 42.25%. At the time of writing, Bitcoin’s dominance stood at 41.85%.

This Morning

At the time of writing, Bitcoin was down by 0.02% to $48,391. A mixed start to the day saw Bitcoin rise to an early morning high $48,400 before falling to a low $48,282.

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

BTCUSD 151221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.02%), Chainlink (-0.12%), and Ripple’s XRP (-0.33%) joined Bitcoin (BTC) 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 2.45% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $47,813 pivot to bring the first major resistance level at $49,270 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $48,684.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $50,141.

A fall through the $47,813 pivot would bring the first major support level at $46,942 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at $45,485 should limit the downside.

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) – A Move back Through to $48,500 Would Support a Return to $50,000

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, slid by 6.72% on Monday. Reversing a 1.41% rise from Sunday, Bitcoin ended the day at $46,749.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $50,234 before hitting reverse. Falling short of the first major resistance level at $51,052, Bitcoin slid to a late intraday low $45,788.

The extended sell-off saw Bitcoin fall through the first major support level at $48,942 and the second major support level at $47,761. Steering clear of the third major support level at $45,651, however, Bitcoin moved revisited $47,000 levels before easing back.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish session.

Chainlink slumped by 12.97% to lead the way down, with Binance Coin (-8.72%), Cardano’s ADA (-9.13%), Crypto.com Coin (-8.81%), Ethereum (-8.45%), and Litecoin (-9.07%) also deep in the red.

Bitcoin Cash SV (-6.45%), Polkadot (-5.81%), and Ripple’s XRP (-6.92%) saw relatively modest losses, however.

Early in the week, the crypto total market rose to a Monday high $2,284bn before falling to a Monday low $2,061bn. At the time of writing, the total market cap stood at $2,099bn.

Bitcoin’s dominance fell to a Monday low 41.52% before rising to a Monday high 42.06%. At the time of writing, Bitcoin’s dominance stood at 41.86%.

This Morning

At the time of writing, Bitcoin was down by 0.66% to $46,438. A mixed start to the day saw Bitcoin rise to an early morning high $46,839 before falling to a low $46,438.

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

BTCUSD 141221 Hourly Chart

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 2.43% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,590 pivot to bring the first major resistance level at $49,393 into play. Support from the broader market would be needed, however, for Bitcoin to breakout from $48,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB $53,628 before any pullback. The second major resistance level sits at $52,036.

Failure to move through the $47,590 pivot would bring the first major support level at $44,947 and the 38.2% FIB of $44,144 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $43,144.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) – Bears Test Support Early. A Move Back Through to $50,000 Needed to Support a Breakout

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, rose by 1.41% on Sunday. Following a 4.73% rally on Saturday, Bitcoin ended the week up by 1.31% to $50,123.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $48,690 before making a move. Steering clear of the first major support level at $47,691, Bitcoin rose to a late afternoon intraday high $50,800.

Bitcoin broke through the first major resistance level at $50,341 before falling back to sub-$50,000 levels. Finding late support, however, Bitcoin wrapped up the day at sub-$50,200 levels. The first major resistance level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed session.

Bitcoin Cash SV fell by 2.84%, with Cardano’s ADA (-0.52%) also seeing red to buck the trend on the day.

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

Polkadot rallied by 4.87% to lead the way, with Chainlink (+2.46%) and Crypto.com Coin (+3.46%) also finding strong support.

Binance Coin (+1.13%), Ethereum (+1.02%), Litecoin (+0.59%), and Ripple’s XRP (+0.37%) trailed the front runners, however.

In the week, the crypto total market rose to a Tuesday high $2,417bn before falling to a Saturday low $2,116bn. At the time of writing, the total market cap stood at $2,224.

Bitcoin’s dominance rose to a Monday high 41.96% before falling to a Thursday low 39.95%. At the time of writing, Bitcoin’s dominance stood at 41.63%.

This Morning

At the time of writing, Bitcoin was down by 2.02% to $49,109. A mixed start to the day saw Bitcoin rise to an early morning high $50,234 before falling to a low $48,875.

Bitcoin tested the first major support level at $48,942 early on.

BTCUSD 131221 Hourly Chart

Elsewhere, it was a bearish start to the day.

At the time of writing, Ethereum was down by 3.49% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $49,871 pivot to bring the first major resistance level at $51,052 into play. Support from the broader market would be needed, however, for Bitcoin to breakout from Sunday’s high $50,800.

Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB $53,628 before any pullback. The second major resistance level sits at $51,981.

Failure to move back through the $49,871 pivot would bring the first major support level at $48,942 back into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level sits at $47,761.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) – A Return to $50,000 Would Support a Run at $53,000

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, rose by 4.73% on Saturday. Reversing a 0.82% loss from Friday, Bitcoin ended the day at $49,426.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $46,872 before making a move. Steering clear of the first major support level at $46,102, Bitcoin rose to a late intraday high $49,522.

Bitcoin broke through the first major resistance level at $49,263 to wrap up the day at $49,400 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish session.

Cardano’s ADA jumped by 11.73% to lead the way. Chainlink (+7.44%) and Litecoin (+6.44%) also found strong support.

Binance Coin (+2.04%), Bitcoin Cash SV (+4.53%), Crypto.com Coin (+0.91%), Ethereum (+4.79%), Polkadot (+0.27%), and Ripple’s XRP (+4.84%) trailed the front runners, however.

In the current week, the crypto total market rose to a Tuesday high $2,420bn before falling to a Saturday low $2,116bn. At the time of writing, the total market cap stood at $2,261.

Bitcoin’s dominance rose to a Monday high 41.90% before falling to a Thursday low 39.90%. At the time of writing, Bitcoin’s dominance stood at 41.49%.

This Morning

At the time of writing, Bitcoin was up by 0.51% to $49,676. A mixed start to the day saw Bitcoin fall to an early morning low $49,372 before rising to a high $49,721.

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

BTCUSD 121221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Chainlink (-0.14%) and Polkadot (-0.23%) bucked 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 1.85% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,607 pivot to bring the first major resistance level at $50,341 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $50,000 levels.

Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB $53,628 before any pullback. The second major resistance level sits at $51,257.

A fall through the $48,607 pivot would bring the first major support level at $47,691 into play. Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels and the 38.2% FIB of $44,144. The second major support level at $45,957 should limit the downside.

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin (BTC) – A Bearish Start to Test Support with Next Week’s FED Policy Decision in Focus

This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s (BTC) Day Prior Moves

Bitcoin, BTC to USD, fell by 0.82% on Friday. Following a 5.73% slide on Thursday, Bitcoin ended the day at $47,208.

After a mixed start to the day, Bitcoin rose to an early afternoon intraday high $50,212 before hitting reverse. Bitcoin broke through the first major resistance level at $49,833 before sliding to a late intraday low $47,051.

Steering clear of the first major support level at $46,397, however, Bitcoin moved back through to $47,200 levels to limit the downside.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another bearish session.

Chainlink slumped by 8.57% to lead the way down once more, with Cardano’s ADA (-6.12%), Ethereum (-4.99%), Ripple’s XRP (-7.13%) also seeing heavy losses.

Binance Coin (-3.15%), Bitcoin Cash SV (-1.95%), Crypto.com Coin (-2.74%), Litecoin (-1.95%) and Polkadot (-0.87%) saw relatively modest losses, however.

In the current week, the crypto total market fell to a Monday low $2,124bn before rising to a late Tuesday high $2,417bn. At the time of writing, the total market cap stood at $2,133.

Bitcoin’s dominance rose to a Monday high 41.96% before falling to a Thursday low 39.95%. At the time of writing, Bitcoin’s dominance stood at 41.57%. Bitcoin’s dominance last fell to sub-40% levels back in mid-September.

This Morning

At the time of writing, Bitcoin was down by 0.53% to $46,957. A mixed start to the day saw Bitcoin rise to an early morning high $47,378 before falling to a low $46,872.

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

BTCUSD 111221 Hourly Chart

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 5.08% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $48,157 pivot to bring the first major resistance level at $49,263 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $48,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $50,212 would likely cap the upside. In the event of an extended rally, Bitcoin could test the second major resistance level at $51,318 before easing back.

Failure to move through the $48,157 pivot would bring the first major support level at $46,102 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels and the 38.2% FIB of $44,144. The second major support level at $45,000 should limit the downside.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Dash and Bitcoin Cash Elliott Wave Cycles Point More Downside

DSHUSD remains nicely bearish as expected after we noticed a completed bearish triangle in wave B on a daily chart. Well, now that is accelerating even lower, seems like a higher degree wave C is in progress, which should be completed by a five-wave bearish cycle. So, be aware of more weakness in the 4-hour chart, ideally towards June lows and 90-60 support zone before bulls show up again, but after current pullback in wave 4 that can also form a triangle pattern. Invalidation level remains at 165.

Dash 4h Elliott Wave Analysis

Chart

Description automatically generated

BCHUSD is coming even lower in the 4-hour chart after we mentioned and highlighted about a completed bearish triangle in wave (B). So, with current sharp and impulsive break below July lows, seems like wave (C) is already in progress with room down to 300-200 support area that can be reached within a five-wave cycle. Current recovery still looks to be wave 4 correction, which can be already completed or still in progress as a bearish triangle formation, however, in both cases be aware of a continuation lower for wave 5 of (C), while the price is below 540 invalidation level.

Bitcoin Cash 4h Elliott Wave Analysis

Chart, line chart

Description automatically generated

 

Bitcoin (BTC) – A Return to $50,000 Would Support the Crypto Market. Indicators Flash Red, however

This is the tech analysis for Bitcoin. We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, slid by 5.73% on Thursday. Following a 0.27% decline on Wednesday, Bitcoin ended the day at $47,610.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $50,844.0 before hitting reverse. Falling short of the first major resistance level at $51,610, Bitcoin slid to a late intraday low $47,408. Bitcoin fell through the first major support level at $49,061 and the second major support level at $47,619.

Steering clear of sub-$47,000, however, Bitcoin briefly broke back through the second major support level before ending the day at $47,610 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish session.

Chainlink slid by 11.43% to lead the way down, with Bitcoin Cash SV (-9.69%), Cardano’s ADA (-7.66%), Ethereum (-7.54%), and Litecoin (-8.38%) seeing deep red.

Binance Coin (-6.10%), Crypto.com Coin (-5.27%) and Polkadot (-4.28%) also struggled.

Ripple’s XRP ended the day down by a more modest 0.42%, however.

In the current week, the crypto total market fell to a Monday low $2,124bn before rising to a late Tuesday high $2,417bn. At the time of writing, the total market cap stood at $2,227bn.

Bitcoin’s dominance rose to a Monday high 41.96% before falling to a Thursday low 39.95%. At the time of writing, Bitcoin’s dominance stood at 40.62%. Bitcoin’s dominance last fell to sub-40% levels back in mid-September.

This Morning

At the time of writing, Bitcoin was up by 0.61% to $47,901. A mixed start to the day saw Bitcoin fall to an early morning low $47,500 before rising to a high $48,111.

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

BTCUSD 101221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.50%) and Crypto.com Coin (-2.49%) bucked the early trend.

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

At the time of writing, Chainlink was up by 0.99% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $48,621 pivot to bring the first major resistance level at $49,833 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $49,500 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $50,844 would likely cap the upside. In the event of an extended rally, Bitcoin could test the 23.6% FIB of $53,628 before easing back. The second major resistance level sits at $52,057.

Failure to move through the $48,621 pivot would bring the first major support level at $46,397 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels and the 38.2% FIB of $44,144. The second major support level at $45,185 should limit the downside.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin – A Return to $52,000 Levels would Bring $53,500 into Play and Deliver Crypto Market Support

This is the tech analysis for Bitcoin. We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, fell by 0.27% on Wednesday. Reversing a 0.26% gain from Tuesday, Bitcoin ended the day at $50,503.

After a mixed start to the day, Bitcoin slid to a late morning intraday low $48,726 before making a move. Bitcoin fell through the first major support level at $49,829 and the second major support level at $49,025.

Steering clear of sub-$48,500 levels, however, Bitcoin rose to a mid-afternoon intraday high $51,275. Falling short of the first major resistance level at $51,704, Bitcoin fell back to end the day at $50,500 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 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 slid by 7.58% to lead the way down, with Crypto.com Coin (-4.17%) and Polkadot (-1.94%) also seeing red.

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

Chainlink rallied by 8.62% to lead the way, with Binance Coin (+4.96%) and Ripple’s XRP (+5.63%) also finding strong support.

Cardano’s ADA (+1.23%), Ethereum (+3.02%), and Litecoin (+1.93%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $2,124bn before rising to a late Tuesday high $2,417bn. At the time of writing, the total market cap stood at $2,377bn.

Bitcoin’s dominance rose to a Monday high 41.96% before falling to a Wednesday low 40.33%. At the time of writing, Bitcoin’s dominance stood at 40.38%.

This Morning

At the time of writing, Bitcoin was up by 0.56% to $50,788. A mixed start to the day saw Bitcoin fall to an early morning low $50,504 before rising to a high $50,844.

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, Binance Coin was up by 1.30% to lead the way.

BTCUSD 091221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $50,168 pivot to bring the first major resistance level at $51,610 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $51,275 levels.

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

In the event of an extended rally, Bitcoin could test the 23.6% FIB of $53,628 before easing back. The second major resistance level sits at $52,717.

A fall through the $50,168 pivot would bring the first major support level at $49,061 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level sits at $47,619.

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin Struggles at $50,500. A Move through to $51,500, however, Would Support a Breakout

This is the tech analysis for Bitcoin. We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers.

Bitcoin’s Day Prior Moves

Bitcoin, BTC to USD, rose by 0.26% on Tuesday. Following a 2.10% gain on Monday, Bitcoin ended the day at $50,634.

Following a relatively bullish morning, Bitcoin rose to a mid-afternoon intraday high $51,970 before hitting reverse. Coming up against the first major resistance level at $51,945, Bitcoin slid to a late intraday low $50,095.

Steering well clear of the first major support level at $48,124, however, Bitcoin found late support to wrap up the day at $50,600 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 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 surged by 19.90% to lead the way, with Bitcoin Cash SV (5.95%), Chainlink (+6.18%), and Polkadot (+8.12%) finding strong support.

Litecoin (+0.24%) also joined Bitcoin in positive territory.

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

Cardano’s ADA fell by 3.02% to lead the way down.

Binance Coin (-1.61%), Ethereum (-1.01%), and Ripple’s XRP (-1.26%) also struggled.

Early in the week, the crypto total market fell to a Monday low $2,124bn before rising to a late Tuesday high $2,416bn. At the time of writing, the total market cap stood at $2,310bn.

Bitcoin’s dominance rose to a Monday high 41.96% before falling to a Tuesday low 40.65%. At the time of writing, Bitcoin’s dominance stood at 41.22%.

This Morning

At the time of writing, Bitcoin was down by 0.49% to $50,386. A mixed start to the day saw Bitcoin rise to an early morning high $50,700 before falling to a low $50,386.

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

BTCUSD 081221 Hourly Chart

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 6.63% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $50,900 pivot to bring the first major resistance level at $51,704 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $51,500 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $51,970 would likely cap the upside.

In the event of an extended rally, Bitcoin could test the 23.6% FIB of $53,628 before easing back. The second major resistance level sits at $52,775.

Failure to move through the $50,900 pivot would bring the first major support level at $49,829 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$49,000 levels. The second major support level at $49,025.

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

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

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Bitcoin’s Day Prior

Bitcoin, BTC to USD, rose by 2.10% on Monday. Following a 0.47% gain on Sunday, Bitcoin ended the day at $50,513.

A mixed start to the day saw Bitcoin rise to an early morning high $49,522 before hitting reverse. Falling short of the first major resistance level at $50,209, Bitcoin slid to a late morning intraday low $47,167.

The morning sell-off saw Bitcoin fall through the first major support level at $48,300. Finding support at the second major support level at $47,125, however, Bitcoin rallied to a late intraday high $50,988.

Breaking through the first major resistance level at $50,209, Bitcoin tested the second major resistance level at $50,943 before easing back.

The near-term bullish trend remained intact, in spite of the latest pullback to $41,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin and Polkadot bucked the trend at the start of the week, falling by 1.07% and by 2.76% respectively.

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

Bitcoin Cash SV surged by 25.07% to lead the way, with

Binance Coin (+5.39%), Cardano’s ADA (+3.04%), Ethereum (+3.59%), Litecoin (+3.20%), and Ripple’s XRP (+2.84%) also found strong support.

Chainlink (+1.89%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $2,139bn before rising to a late Monday high $2,342bn. At the time of writing, the total market cap stood at $2,334bn.

Bitcoin’s dominance rose to a Monday high 41.76% before falling to a Monday low 40.83%. At the time of writing, Bitcoin’s dominance stood at 41.04%.

This Morning

At the time of writing, Bitcoin was up by 0.37% to $50,699. A mixed start to the day saw Bitcoin fall to an early morning low $50,397 before rising to a high $50,734.

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

BTCUSD 071221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.39%), Bitcoin Cash SV (-0.47%), Ethereum (-0.06%), and Polkadot (-0.34%) 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 12.09% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $49,556 pivot to bring the first major resistance level at $51,945 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $50,988.

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

In the event of an extended rally, Bitcoin could test resistance at $55,000 levels before easing back. The second major resistance level sits at $53,377. Bitcoin would need plenty of support, however, to breakout from the 23.6% FIB of $53,628.

A fall through the $49,556 pivot would bring the first major support level at $48,124 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,735.