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

Bitcoin, BTC to USD, fell by 2.17% on Tuesday. Reversing a 2.22% gain from Monday, Bitcoin ended the day at $35,890.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $37,450.0 before hitting reverse.

Falling short of the first major resistance level at $37,889, Bitcoin slid to a mid-morning low $36,299.0.

Steering clear of the first major support level at $35,176, however, Bitcoin rallied to a late afternoon intraday high $37,936.6.

Continuing to fall short of the first major resistance level at $37,889 Bitcoin slid to a final hour intraday low $35,863.0.

In spite of the late sell-off, Bitcoin continued to steer clear of the first major support level at $35,176.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin and Chainlink slid by 6.05% and by 6.79% respectively to lead the way down.

Cardano’s ADA (-1.04%) also saw red on the day.

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

Ethereum rallied by 8.70% to lead the way.

Crypto.com Coin (+5.12%), and Ripple’s XRP (+2.87%) also found strong support.

Bitcoin Cash SV (+0.10%), Litecoin (+0.06%) and Polkadot (+0.92%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $958.80bn before rising to a Tuesday high $1,080.72bn. At the time of writing, the total market cap stood at $1,029.91bn.

Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Tuesday low 65.20%. At the time of writing, Bitcoin’s dominance stood at 65.65%.

This Morning

At the time of writing, Bitcoin was up by 1.14% to $36,298.6. A mixed start to the day saw Bitcoin fall to an early morning low $35,602.0 before rising to a high $36,353.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.33%) and Chainlink (-1.85%) saw red to buck the trend early on, with Bitcoin Cash SV flat.

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

At the time of writing, Crypto.com Coin was up by 4.04% to lead the way.

BTCUSD 200121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,563 to bring the first major resistance level at $37,263 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and Tuesday’s high $37,936.6 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,637.

Failure to avoid a fall through the $36,563 pivot would bring the first major support level at $35,190 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,490.

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

Bitcoin, BTC to USD, slipped by 0.38% on Sunday. Following on from a 1.91% fall on Saturday, Bitcoin ended the week down by 6.02% to $35,900.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $36,928.0 before hitting reverse.

Falling short of the first major resistance level at $37,553, Bitcoin slid to a late morning intraday low $33,868.0.

Bitcoin fell through the first major support level at $34,974 and the second major support level at $33,906.

Steering clear of the 23.6% FIB of $33,008, Bitcoin revisited $36,900 levels before falling back to sub-$36,000 levels.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink jumped by 15.8% to lead the way, with Binance Coin  and Cardano’s ADA rallying by 6.38% and by 8.64% respectively. Ethereum also avoided the red, rising by a modest 0.43%.

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

Bitcoin Cash SV and Polkadot led the way down, with losses of 3.42% and 4.67% respectively.

Crypto.com Coin (-0.63%), Litecoin (-0.54%), and Ripple’s XRP (-0.68%) saw modest losses on the day.

For the week ending 17th January, it was also a mixed bag for the majors.

Polkadot surged by 95.6% to lead the way, with Chainlink jumping by 46.2%.

Cardano’s ADA also found strong support, rallying by 26.3%, with Binance Coin rising by 7.99%.

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

Bitcoin Cash SV slid by 21.9% to lead the way down.

Litecoin and Ripple’s XRP also struggled, sliding by 16.1% and by 12.0% respectively.

Crypto.com Coin and Ethereum saw relatively modest losses of 2.7% and 1.8% respectively.

In the week, the crypto total market cap fell to a Monday low $803.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,002.00bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Sunday low 66.33%. At the time of writing, Bitcoin’s dominance stood at 66.68%.

This Morning

At the time of writing, Bitcoin was up by 0.33% to $36,018.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,630.0 before striking a high $36,071.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.28%), Chainlink (-0.21%), and Ripple’s XRP (-0.03%) saw red early on.

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

At the time of writing, Cardano’s ADA was up by 3.08% to lead the way, with Binance Coin up by 2.07%.

BTCUSD 180121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $35,565 to bring the first major resistance level at $37,263 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $37,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,625.

Failure to avoid a fall through the $35,565 pivot would bring the first major support level at $34,203 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $32,505. The 23.6% FIB of $33,008 should limit any downside.

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

Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 6.15% slide on Friday, Bitcoin ended the day at $36,041.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $35,551.0 before making a move.

Steering clear of the major support levels, Bitcoin rose to a late morning intraday high $37,997.0.

Falling short of the first major resistance level at $39,461, Bitcoin slid to a late intraday low $35,418.0.

Steering clear of the first major support level at $34,260, Bitcoin moved back through to $36,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot surged by 39.53% to lead the way.

Cardano’s ADA (+16.05%) and Crypto.com Coin (+15.91%) also found strong support.

Binance Coin (+5.28%) and Ethereum (+4.97%) trailed the front runners.

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

Chainlink slid by -3.24% to lead the way down.

Bitcoin Cash SV (-0.21%), Litecoin (-0.17%), and Ripple’s XRP (-0.36%) saw modest losses on the day.

In the current week, the crypto total market cap fell to a Monday low $804.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,004.03bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Saturday low 66.73%. At the time of writing, Bitcoin’s dominance stood at 67.26%.

This Morning

At the time of writing, Bitcoin was up by 0.47% to $36,211.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,565.0 before striking a high $36,348.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-2.05%), Crypto.com Coin (+2.27%), Ethereum (-0.19%), and Polkadot (-0.52%) struggled early on.

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

At the time of writing, Cardano’s ADA was up by 2.87% to lead the way, with Binance Coin up by 2.22%.

BTCUSD 170121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $36,485 to bring the first major resistance level at $37,553 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and Saturday’s high $37,997.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $39,064.

Failure to move through the $36,485 pivot would bring the first major support level at $34,974 into play.

Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $33,906 and the 23.6% FIB of $33,008.

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

Bitcoin, BTC to USD, slid by 6.15% on Friday. Reversing a 4.73% rally from Thursday, Bitcoin ended the day at $36,741.0.

It was a mixed start to the day. Bitcoin rise to an early morning intraday high $39,701.0 before hitting reverse.

Falling short of the first major resistance level at $40,536, Bitcoin slid to a late afternoon intraday low $34,500.0.

Bitcoin fell through the first major support level at $37,201 and the second major support level at $35,266.

Finding support late in the day, however, Bitcoin broke back through the second major support level to end the day at $36,700 levels.

The near-term bullish trend remained intact, in spite of the reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Chainlink bucked the trend on the day, rallying by 15.7%.

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

Bitcoin Cash SV and Crypto.com Coin slid by 7.11% and by 7.93% respectively to lead the way down.

Ethereum (-5.16%), Litecoin (-5.74%), and Ripple’s XRP (-5.30%) also saw heavy losses.

Binance Coin (-2.18%),Cardano’s ADA (-3.13%), and Polkadot (-3.15%) saw relatively modest losses on the day.

In the current week losses, the crypto total market cap fell to a Monday low $804.33bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,011.91bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Friday low 68.27%. At the time of writing, Bitcoin’s dominance stood at 68.47%.

This Morning

At the time of writing, Bitcoin was up by 1.27% to $37,207.0. A bullish start to the day saw Bitcoin rise from an early morning low $36,731.0 to a high $37,388.0.

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

Elsewhere, it was also a bullish start to the day.

At the time of writing, Polkadot was up by 12.43% to lead the way, with Crypto.com Coin up by 7.74%.

BTCUSD 160121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,981 to bring the first major resistance level at $39,461 into play.

Support from the broader market would be needed for Bitcoin to break back through to $39,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $40,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the all-time high $41,969 and at $42,000 before any pullback. The second major resistance level sits at $42,182.

Failure to avoid a fall through the $36,981 pivot would bring the first major support level at $34,260 into play.

Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $31,780. The 23.6% FIB of $33,008 should limit the downside.

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

Bitcoin, BTC to USD, rose by 4.73% on Thursday. Following on from a 9.54% rally on Wednesday, Bitcoin ended the day at $39,136.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $36,666.0 before making a move.

Steering clear of the first major support level at $33,937, Bitcoin rallied to an early afternoon intraday high $40,001.0.

Bitcoin broke through the first major resistance level at $39,277 to test resistance at $40,000 before easing back.

A late pullback saw Bitcoin fall back through the first major resistance level to wrap up the day at $39,130 levels.

The near-term bullish trend remained intact, supported by the latest visit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Cardano’s ADA (-0.11%), and Ripple’s XRP (-3.29%) saw red to buck the trend on the day.

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

Polkadot surged by 26.43% to lead the way once more, with Chainlink (+12.48%) and Crypto.com Coin (+11.04%) also on the move.

Binance Coin (+4.28%), Bitcoin Cash SV (+4.17%), Ethereum (+8.89%), and Litecoin (+3.27%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $804.33bn before rising to a Thursday high $1,083.43bn. At the time of writing, the total market cap stood at $1,055.94bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Thursday high 70.28%. At the time of writing, Bitcoin’s dominance stood at 69.36%.

This Morning

At the time of writing, Bitcoin was up by 0.88% to $39,481.0. A mixed start to the day saw Bitcoin fall to an early morning low $39,025.0 before rising to a high $39,701.0.

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 0.21% and by 1.69% 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 was up by 2.82% to lead the way.

BTCUSD 150121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $38,601 to bring the first major resistance level at $40,536 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $41,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the all-time high $41,969 before any pullback. The second major resistance level sits at $41,936.

Failure to avoid a fall through the $38,601 pivot would bring the first major support level at $37,201 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$36,000 levels. The second major support level sits at $35,266.

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

Bitcoin, BTC to USD, fell by 3.63% on Tuesday. Following on from a 7.31% slide on Monday, Bitcoin ended the day at $34,123.0. It was the 4th consecutive day in the red.

It was a mixed start to the day. Bitcoin slipped to an early morning low $33,762.0 before making a move.

Steering clear of the 23.6% FIB of $33,008 and the first major support level at $31,270, Bitcoin struck a mid-morning intraday high $36,656.0.

Falling short of the first major resistance level at $38,912, Bitcoin slid to an early afternoon intraday low $32,427.

While steering clear of the first major support level, Bitcoin fell through the 23.6% FIB of $33,008.

Late in the day, Bitcoin briefly revisited $35,500 levels before sliding back into the deep red.

Despite of the late reversal, Bitcoin avoided a fall back through the 23.6% FIB of $33,008.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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  rallied by 10.22% to lead the day.

Binance Coin (+0.12%), Cardano’s ADA (+4.89%), Crypto.com Coin (+5.88%), Polkadot (+4.45%), Ripple’s XRP (+1.66%) also found support.

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

Chainlink (-4.13%), Ethereum (-3.56%), and Litecoin (-4.28%) joined Bitcoin in the red.

Early in the week, the crypto total market cap rose to a Monday high $1,040.51 before falling to a Monday low $804.33bn. At the time of writing, the total market cap stood at $888.48bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Monday high 69.97%. At the time of writing, Bitcoin’s dominance stood at 69.00%.

This Morning

At the time of writing, Bitcoin was down by 3.12% to $33,058.0. A bearish start to the day saw Bitcoin fall from an early morning high $34,105.0 to a low $32,931.0.

While leaving the major support and resistance levels untested early on, Bitcoin fell through the 23.6% FIB of $33,008.

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, rising by 0.69%, with Bitcoin Cash SV and Crypto.com Coin flat.

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

At the time of writing, Ethereum was down by 3.65% to lead the way down.

BTCUSD 130121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $34,402 to bring the first major resistance level at $36,631 into play.

Support from the broader market would be needed for Bitcoin to break out from $35,500 levels.

Barring an extended crypto rally, first major resistance level and Tuesday’s high $36,656.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,631.

Failure to move through the $34,402 pivot would bring the 23.6% FIB of $33,008 and the first major support level at $32,148 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,173 should limit the downside.

Bitcoin Down 20% from Top; Any Technical Experts Brave Enough to Call it Bearish?

Cryptocurrencies are down sharply across the board on Monday, with Bitcoin dropping more than 15% to a one-week low. Some traders are saying rising U.S. yields are hurting the non-income paying assets. Others are saying the bubble has burst on its parabolic rise, putting it in a position to plunge substantially.

At 07:25 GMT, Bitcoin is trading 33850, down 5670 or -14.35%.

Before I go on, I just want to mention that I don’t own Bitcoin at the moment and in fact, I don’t and never have owed any cryptocurrencies. I mention this because I want to give those who think I’m not qualified to comment on the market since I don’t have any skin in the game to stop reading any further.

I don’t analyze Bitcoin on a daily basis, but since it is a competing asset with stocks, bonds and gold to name a few, I am aware of the price action in the market. So I wouldn’t call myself completely naïve to its movement.

In 2020, I wrote only one article on Bitcoin. It was published on October 23 on FXEmpire.com. I didn’t just wake up that day and decide to write about. I saw some movement in the market on the chart that raised my interest and I decided to investigate it further.

I concluded at that time that PayPal’s entry into the cryptocurrency market was behind the move. This wasn’t a guess, but rather my knowledge and experience behind what moves a market. I am mainly a technician, but after years of experience, I think I have a good grasp on how the fundamentals and technicals work together.

I believe the technicals precede the fundamentals, which is why the 5% spike in prices encouraged me to delve into the fundamental reason behind the move.

What really surprised me about Bitcoin wasn’t the price action, but the lack of really good technical and fundamental analysis. I acknowledge that I’ve seen the articles on halving and mining, and such, but I’m confused by most of the analysis.

I read comments and analysis but I don’t know if these experts are long-term investors or short-term traders. I do know this, just about every Bitcoin analyst slaps a few percentage retracement lines on a chart and thinks they are helping an investor decide what to do. But my biggest beef is that very few every day analysts are telling me if I should buy it or sell it. But mostly, what’s my exit if I’m wrong.

Prior to the big rally from about $12,000 to $42,730, there were very few fresh articles published on FXEMPIRE, but once it started to climb sometimes thousands of dollars per day and it took out the $20,000 level, many articles were published. And of course, the obligatory $100,000 target pieces were written.

What I’ve concluded is that Bitcoin analysts love momentum when its breaking out to the upside, but when it comes to sell-offs, very little is written. I mean, who doesn’t like a volatility breakout when all you have to do is throw out targets.

Daily Bitcoin

The Challenge

As of early Monday, Bitcoin is down more than 20% from its top. My question for Bitcoin experts, are we in a bear market? I mean on the way up, you seem to think conventional technical analysis works so why wouldn’t it work on the downside. Do you have the courage and conviction in your analysis to say that Bitcoin is now in a bear market since it has corrected more than 20% from its top?

Maybe 20% isn’t the figure. Perhaps it is 30% or 40%.

My point is, it’s easy to whip out the Elliott Wave when Bitcoin is rising. It’s easy to make predictions like it’s going to $100,000 when it’s moving higher exponentially, but what about the downside when investors need you most.

Where are the longs wrong? If you think Bitcoin is overvalued, where is the value zone for the next buy? Does technical analysis really work for Bitcoin since it is supposed to be such a unique financial instrument?

I don’t have the answers, but if I was pressed to make a prediction, I would say that $24203 to $19830 is a good place to start looking for value.

Bull market or bear market, it doesn’t matter to me, but what I would like to see is some decent analysis when Bitcoin is going down, not just crickets.

For a look at all of today’s economic events, check out our economic calendar.

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

Bitcoin, BTC to USD, slid by 4.90% on Sunday. Following on from a 0.82% decline on Saturday, Bitcoin ended the week up by 15.79% to $38,200.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $41,399 before hitting reverse.

Falling short of the first major resistance level at $41,478, Bitcoin slid to a late intraday low $35,260.0.

The sell-off saw Bitcoin fall through the first major support level at $38,779 and the second major support level at $37,390.

Steering clear of sub-$35,000 support levels, however, Bitcoin revisited $38,900 levels before easing back.

The first major support level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Polkadot bucked the trend on the day, rising by a modest 0.23%.

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

Bitcoin Cash SV  slid by 11.27% to lead the way down, with Cardano’s ADA (-9.16%) and Chainlink (-7.90%) also seeing heavy losses.

Binance Coin (-3.54%), Crypto.com Coin (-1.34%), Ethereum (-2.04%), Litecoin (-4.32%), and Ripple’s XRP (-3.16%) also struggled, however.

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

Polkadot bucked the trend for the week, falling by 20.7%.

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

Bitcoin Cash SV (+48.6%), Cardano’s ADA (+45.9%), Crypto.com Coin (+35.4%), and Ripple’s XRP (+39.65%) led the way.

Chainlink (+18.11%) and Ethereum (+28.02%) also saw solid gains, while Litecoin rose by just 5.43%.

In the week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Sunday high $1,109.78bn. At the time of writing, the total market cap stood at $1,018.17bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 68.93%.

This Morning

At the time of writing, Bitcoin was down by 1.69% to $37,556.0. A mixed start to the day saw Bitcoin rise to an early morning high $38,277.0 before falling to a low $37,435.0.

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 7.03% to lead the way down.

BTCUSD 110121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $38,286 to bring the first major resistance level at $41,313 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, first major resistance level and Sunday’s high $41,399 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $44,000 before any pullback. The second major resistance level sits at $44,425.

Failure to move through the $38,286 pivot would bring the first major support level at $35,174 into play.

Barring another extended crypto sell-off, Bitcoin should steer well clear of the 23.6% FIB of $33,008. The second major support level sits at $32,147.

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

Bitcoin, BTC to USD, fell by 0.82% on Saturday. Partially reversing a 2.85% gain from Friday, Bitcoin ended the day at $40,168.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $40,915.0 before hitting reverse.

Falling short of the major resistance levels, Bitcoin fell to a mid-morning intraday low $38,700.0.

Steering clear of the first major resistance level at $37,386, Bitcoin rallied to a mid-afternoon intraday high $41,399.0.

Falling short of the first major resistance level at $42,800, Bitcoin fell back to sub-$40,000 levels.

Finding late support, however, Bitcoin moved back through to $40,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV surged by 61.14% to lead the pack, with Chainlink rallying by 15.41%.

Cardano’s ADA (+8.99%), Ethereum (+5.27%), and Polkadot (+5.97%) also made solid gains.

Binance Coin (+3.71%), Crypto.com Coin (+3.40%), Litecoin (+3.14%), and Ripple’s XRP (+1.36%) trailed the front runners.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,086.23bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 69.47%.

This Morning

At the time of writing, Bitcoin was up by 0.85% to $40,510.0. A bullish start to the day saw Bitcoin rise from an early morning low $40,170.0 to a high $40,540.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-6.14%) and Polkadot (-0.34%) saw red early on to buck the trend.

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

At the time of writing, Chainlink was up by 1.89% to lead the way.

BTCUSD 100121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $40,089 to bring the first major resistance level at $41,478 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $41,399.0.

Barring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $43,500 before any pullback. The second major resistance level sits at $42,788.

Failure to avoid a fall through the $40,089 pivot would bring the first major support level at $38,779 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$38,000 levels. The second major support level sits at $37,390.

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

Bitcoin, BTC to USD, rose by 2.85% on Friday. Following on from a 7.09% rally on Thursday, Bitcoin ended the day at $40,509.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $36,555.0 before making a move.

The pullback saw Bitcoin fall through the first major support level at $36,889.

Steering clear of sub-$36,000 levels, Bitcoin rallied to a mid-afternoon intraday high and a new swing hi $41,969.0.

Bitcoin broke through the first major resistance level at $41,148 before falling back to sub-$39,000 levels.

Finding late support, however, Bitcoin move back through to $40,500 levels to deliver the upside for the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Chainlink and Polkadot slid by 4.64% and by 6.19% to lead the way down.

Binance Coin (-2.81%), Ethereum (-0.83%), and Ripple’s XRP (-0.84%) also saw red on the day.

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

Bitcoin Cash SV rose by 3.39% to lead the pack.

Cardano’s ADA (+1.71%), Crypto.com Coin (+2.71%), and Litecoin (+1.60%) also joined Bitcoin in the green.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,052.85bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 70.99%.

This Morning

At the time of writing, Bitcoin was down by 0.84% to $40,169.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,915.0 before falling to a low $40,136.0.

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 bucked the trend, with gains of 0.30% and 0.36% respectively.

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

At the time of writing, Ripple’s XRP was down by 3.26% to $0.31062.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $39,678 to bring the first major resistance level at $42,800 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $41,969.0.

Barring an extended crypto rally, first major resistance level and resistance at $43,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $45,500 before any pullback. The second major resistance level sits at $45,092.

Failure to avoid a fall through the $39,678 pivot would bring the first major support level at $37,386 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$36,000 levels. The second major support level sits at $34,264.

The Crypto Daily – Movers and Shakers – January 8th, 2021

Bitcoin, BTC to USD, rallied by 7.09% on Thursday. Following on from Thursday’s 8.19% jump, Bitcoin ended the day at $39,401.0.

It was a mixed start to the day. Bitcoin fell to a late morning intraday low $36,123.6 before making a move.

Steering clear of the first major support level at $34,419, Bitcoin rallied to a late afternoon intraday high and a new swing hi $40,383.4.

Bitcoin broke through the first major resistance level at $38,016 and the second major resistance level at $39,273.

A late pullback, however, saw Bitcoin slide back to sub-$37,000 levels before finding support.

Bitcoin broke back through the first and second major resistance levels to wrap up the day at $39,400 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $17,899 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.

Cardano’s ADA and Polkadot slid by 10.30% and by 10.80% respectively to lead the way down.

Chainlink (-7.53%) and Bitcoin Cash SV (-2.86%) also saw red on the day.

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

Ripple’s XRP surged by 29.93% to lead the pack.

Binance Coin (+3.14%), Crypto.com Coin (+5.31%), Ethereum (+1.21%), and Litecoin (+0.18%) also avoided the red on the day.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Thursday high $1,097.16bn. At the time of writing, the total market cap stood at $1,021.96bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Thursday high 70.68%. At the time of writing, Bitcoin’s dominance stood at 70.40%.

This Morning

At the time of writing, Bitcoin was down by 0.84% to $39,072.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,663.3 before falling to a low $38,904.1.

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

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

Cardano’s ADA (+0.10%), Crypto.com Coin (+1.29%), and Ripple’s XRP (+2.80%) found early support, with Bitcoin Cash SV flat.

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

At the time of writing, Ethereum was down by 1.43% to lead the way.

BTCUSD 080121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $38,636 to bring the first major resistance level at $41,148 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $40,383.4.

Barring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $42,896.

Failure to avoid a fall through the $38,636 pivot would bring the first major support level at $36,889 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$36,000 levels. The second major support level sits at $34.376.

The Crypto Daily – Movers and Shakers – January 6th, 2021

Bitcoin, BTC to USD, rallied by 6.23% on Tuesday. Reversing a 3.03% slide from Monday, Bitcoin ended the day at $33.985.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $32,861.0 before hitting reverse.

Falling short of the first major resistance level at $34,209, Bitcoin slid to a mid-morning intraday low $29,861.0.

Steering clear of the first major support level at $29,156, Bitcoin rallied to a late intraday high $34,493.0.

Bitcoin broke through the first major resistance level at $34,209 before falling back to sub-$34,000 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 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.

Polkadot (-3.75%) and Ripple’s XRP (-4.09%) saw red to buck the trend on the day, with Crypto.com Coin ending the day flat.

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

Cardano’s ADA rallied by 15.11% to lead the way.

Ethereum (+5.90%) and Chainlink (+6.78%) also saw solid gains on the day.

Binance Coin (+2.03%), Bitcoin Cash SV (+2.44%), Litecoin (+2.28%) trailed the front runners, however.

At the start of the week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Tuesday high $943.21bn. At the time of writing, the total market cap stood at $906.55bn.

Bitcoin’s dominance rose to a Monday high 70.25% before falling to a Monday low 67.66%. At the time of writing, Bitcoin’s dominance stood at 69.37%.

This Morning

At the time of writing, Bitcoin was down by 0.65% to $33,764.0. A mixed start to the day saw Bitcoin rise to an early morning high $34,156.5 before falling to a low $33.335.0.

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

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

Crypto.com Coin was up by 2.65% to buck the trend early on.

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

At the time of writing, Ethereum was down by 2.06% to lead the way down.

BTCUSD 060121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $32,780 to bring the first major resistance level at $35,698 into play.

Support from the broader market would be needed for Bitcoin to break through to $35,000 levels.

Barring an extended crypto rally, resistance at $35,000 would likely leave Bitcoin short of the first major resistance level.

In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $37,412.

Failure to avoid a fall through the $32,780 pivot would bring the first major support level at $31,066 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $28,148.

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

Bitcoin, BTC to USD, rose by 2.43% on Sunday. Following on from a 9.65% rally on Saturday, Bitcoin ended the week up by 25.6% to $32,968.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $31,975.0 before making a move.

Steering clear of the first major support level at $29,691, Bitcoin surged to a mid-morning intraday high and a new swing hi $34,873.0.

Bitcoin broke through the first major resistance level at $33,983 to test resistance at $35,000 before hitting reverse.

The reversal saw Bitcoin fall back to $32,200 levels before finding support.

Avoiding negative territory, Bitcoin revisited $33,800 levels before falling back to sub-$33,000 levels. The first major resistance level at $33,983 had pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 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 8.76% to buck the trend on the day.

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

Ethereum surged by 26.5% to lead the way.

Cardano’s ADA (+16.3%), Chainlink (+12.18%), and Litecoin (+17.8%) also impressed on the day.

Binance Coin (+7.96%), Bitcoin Cash SV (+5.42%), Polkadot (+7.18%), and Ripple’s XRP (+1.85%) trailed the front runners on the day.

For the week, it was a mixed bag for the crypto majors, however.

Ethereum and Polkadot surged by 43.3% and by 56.8% respectively to lead the way.

Binance Coin (+23.0%), Cardano’s ADA (+33.7%), Chainlink (+12.9%), and Litecoin (+26.5%) also made solid gains.

Bitcoin Cash SV (+5.8%) and Crypto.com Coin (+3.5%) trailed the front runners with modest gains.

Ripple’s XRP fell by 20.6%, however, to buck the trend in the week.

In the week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to a Sunday high $924.85bn. At the time of writing, the total market cap stood at $867.05bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Sunday high 73.63%. At the time of writing, Bitcoin’s dominance stood at 70.14%.

This Morning

At the time of writing, Bitcoin was down by 0.90% to $32,671.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,054.4 before falling to a low $32.352.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.37%), Cardano’s ADA (+4.73%), Chainlink (+2.44%), and Polkadot (+0.31%) found early support to buck the trend early on.

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

At the time of writing, Bitcoin Cash SV was down by 2.62% to lead the way down.

BTCUSD 040121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $33,272 to bring the first major resistance level at $34,569 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $34,873.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,170.

Failure to move through the $36,272 pivot would bring the first major support level at $31,671 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$31,000 levels. The second major support level sits at $30,374.

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

Bitcoin, BTC to USD, surged by 9.65% on Saturday. Following on from a 1.42% gain on Friday, Bitcoin ended the day at $32,183.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $29,000.0 before making a move.

Steering clear of the first major support level at $28,837, Bitcoin rallied to an early evening intraday high $33,292.0.

The day-long rally saw Bitcoin break through the day’s major resistance levels to hit a new swing hi and all-time high before easing back.

In spite of a pullback to $32,100 levels, Bitcoin avoided a fall back through the third major resistance level at $31,036.

The near-term bullish trend remained intact, supported by the latest breakthrough to $33,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,190 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP slid by 7.16% to buck the trend on the day.

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

Crypto.com Coin and Litecoin rallied by 10.53% and by 8.38% to lead the way, with Ethereum rising by 6.06%.

Binance Coin (+1.18%), Bitcoin Cash SV (+2.55%), Cardano’s ADA (+1.31%), Chainlink (+2.85%), Polkadot (+1.43%) and saw relatively modest gains on the day.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before surging to a Saturday high $866.00bn. At the time of writing, the total market cap stood at $830.22bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Saturday high 72.92%. At the time of writing, Bitcoin’s dominance stood at 72.62.

This Morning

At the time of writing, Bitcoin was up by 0.82% to $32,447.9. A mixed start to the day saw Bitcoin fall to an early morning low $31,975.0 before rising to a high $32,501.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink (+0.28%), Ethereum (+0.50%), and Litecoin (+0.54%) joined Bitcoin in the green, with Bitcoin Cash SV flat.

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

At the time of writing, Crypto.com Coin was down by 7.52% to lead the way down.

BTCUSD 030121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $31,492 to bring the first major resistance level at $33,983 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $33,292.0.

Barring an extended crypto rally, the first major resistance level and resistance at $34,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $35,784.

Failure to avoid a fall through the $31,492 pivot would bring the first major support level at $29,691 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$29,000 levels. The second major support level sits at $27,200.

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

Bitcoin, BTC to USD, rose by 1.42% on Friday. Following on from a 0.18% gain on Thursday, Bitcoin ended the day at $29,349.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $28,716.0 before making a move.

Steering clear of the first major support level at $27,902, Bitcoin rose to an early morning high $29,488.0.

Falling short of the major resistance levels, Bitcoin fell back to sub-$29,000 levels.

Finding support through the late morning, however, Bitcoin struck a mid-day intraday high and a new swing high $29,620.0.

Coming within range of the first major resistance level at $29,631, Bitcoin slid back to $28,700 levels.

A late move back through to $29,300 levels delivered the upside for the day, however.

The near-term bullish trend remained intact, supported by the latest breakthrough to $29,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,787 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot slid by 11.83% to lead the way down.

Bitcoin Cash SV (-0.80%), Cardano’s ADA (-3.44%), and Ethereum (-0.94%) also struggled.

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

Ripple’s XRP and Chainlink rallied by 8.23% and by 5.50% respectively to lead the way.

Binance Coin (+1.05%), Crypto.com Coin (+2.43%), and Litecoin (+1.70%) saw relatively modest gains on the day.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to an early Friday high $783.43bn. At the time of writing, the total market cap stood at $760.80bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Friday high 71.64%. At the time of writing, Bitcoin’s dominance stood at 71.44%.

This Morning

At the time of writing, Bitcoin was down by 0.66% to $29,155.0. A mixed start to the day saw Bitcoin rise to an early morning high $29,351.4 before falling to a low $29,000.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Crypto.com Coin bucked the trend early on, with gains of 0.70 and 3.23% respectively.

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

At the time of writing, Chainlink was down by 2.14% to lead the way down.

BTCUSD 020121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $29,228 to bring the first major resistance level at $29,741 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $29,620.0.

Barring an extended crypto rally, the first major resistance level and resistance at $30,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $30,500 before any pullback. The second major resistance level sits at $30,132.

Failure to move back through the $29,228 pivot would bring the first major support level at $28,837 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$28,500 levels. The second major support level sits at $28,324.

The Crypto Daily – The Movers and Shakers – January 1st, 2021

Bitcoin, BTC to USD, rose by 0.18% on Thursday. Following a 5.74% rally on Wednesday, Bitcoin ended the day at $28,938.5.

It was a bullish start to the day. Bitcoin rose to an early morning intraday high and a new swing hi $29,286.0 before hitting reverse.

Falling short of the first major resistance level at $29,467, Bitcoin slid to an early afternoon intraday low $27,557.0.

The pullback saw Bitcoin fall through the first major support level at $27,802 before finding support.

Late in the day, Bitcoin briefly revisited $29,150 levels before falling back to end the day at sub-$29,000 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $29,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,659 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot surged 27.85% to lead the way, with Ripple’s XRP (+3.82%) also joining Bitcoin in the green.

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

Litecoin led the way down, sliding by 4.37%.

Binance Coin (-1.78%), Bitcoin Cash SV (-2.14%), Crypto.com Coin (-1.54%), and Ethereum (-2.02%) also struggled.

Cardano’s ADA (-1.03%) and Chainlink (-0.07%) saw relatively modest losses on the day.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to an early Friday high $776.82bn. At the time of writing, the total market cap stood at $770.69bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Thursday high 71.55%. At the time of writing, Bitcoin’s dominance stood at 71.01.

This Morning

At the time of writing, Bitcoin was up by 1.38% to $29,388.0. A mixed start to the day saw Bitcoin fall to an early morning low $28,716.0 before rising to a new swing hi $29,488.0.

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

Elsewhere, it was another mixed start to the day.

Bitcoin Cash SV and Polkadot were down by 0.50% and by 3.53% to buck the trend early on.

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

At the time of writing, Ripple’s XRP was up by 6.39% to lead the way.

BTCUSD 010121 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $28,594 to bring the first major resistance level at $29,639 back into play.

Support from the broader market would be needed for Bitcoin to break out from the morning high $29,488.0.

Barring an extended crypto rally, the first major resistance level and resistance at $30,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $30,500 before any pullback. The second major resistance level sits at $30,322.

Failure to avoid a fall through the $28,594 pivot would bring the first major support level at $27,902 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$27,500 levels. The second major support level sits at $26,865.

The Crypto Daily – Movers and Shakers – December 30th, 2020

Bitcoin, BTC to USD, rose by 1.01% on Tuesday. Following on from a 3.09% rally on Monday, Bitcoin ended the day at $27,316.0.

It was a relatively choppy day. Bitcoin fell to an early morning low $25,859.0 before making a move.

The sell-off saw Bitcoin fall through the first major support level at $26,267.

Steering clear of sub-$25,500 support levels, Bitcoin revisited $27,000 levels before a 2nd pullback.

Bitcoin fell back to an afternoon low $26,205.0 before bouncing back to a late intraday high $27,329.0.

In spite of the late high, Bitcoin continued to fall short of the first major resistance level at $27,641.

The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 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.

Ripple’s XRP slid by 10.65% to lead the way down.

Bitcoin Cash SV (-3.51%), Chainlink (-6.56%), Crypto.com Coin (-3.03%), and Litecoin (-0.76%) also saw red on the day.

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

Polkadot rallied by 13.04% to lead the pack, with Binance Coin (+8.79%) and Cardano’s ADA (+8.21%) also making solid gains.

Ethereum (+0.29%) trailed the front runners, however.

Early in the week, the crypto total market cap rose to a Monday high $738.59bn before falling to a Tuesday low $678.76bn. At the time of writing, the total market cap stood at $732.14bn.

Bitcoin’s dominance rose to an early Monday high 70.82% before falling to a Monday low 69.13%. At the time of writing, Bitcoin’s dominance stood at 70.21%.

This Morning

At the time of writing, Bitcoin was up by 1.09% to $27,615.0. A bullish start to the day saw Bitcoin rise from an early morning low $27,312.0 to a high $27,792.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-1.70%), Cardano’s ADA (-0.40%), Polkadot (-1.22%), and Ripple’s XRP (-2.18%) were in the 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 7.45% to lead the pack.

BTCUSD 301220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $26,835 to bring the first major resistance level at $27,810 into play.

Support from the broader market would be needed for Bitcoin to break back through to $27,800 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $28,500 before any pullback. The second major resistance level sits at $28,305.

Failure to avoid a fall through the $26,835 pivot would bring the first major support level at $26,340 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,500 levels. The second major support level sits at $25,365.

The Crypto Daily – Movers and Shakers – December 28th, 2020

Bitcoin, BTC to USD, fell by 0.69% on Sunday. Following a 6.85% rally on Saturday, Bitcoin ended the week up by 12.01% to $26,241.0.

It was another mixed start to the day. Bitcoin fell to an early morning low $26,393.0 before making a move.

Steering clear of the first major support level at $25,027, Bitcoin rallied to a late morning intraday high and a new swing hi $28,244.0.

Bitcoin broke through the first major resistance level at $27,261 and the second major resistance level at $28,109.

An afternoon pullback, however, saw Bitcoin slide to a late intraday low $25,813.0 before a partial recovery to $26,200 levels. In spite of the late pullback, Bitcoin steered clear of the first major support level at $25,027.

The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 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.

Chainlink rallied by 10.52% to lead the way, with Ethereum rising by 7.42%. Bitcoin Cash SV also bucked the trend, with a 0.58% gain, while Binance Coin ended the day flat.

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

Ripple’s XRP fell by 3.76% to lead the way down.

Cardano’s ADA (-2.27%), Crypto.com Coin (-3.53%), Litecoin (-1.51%), and Polkadot (-0.17%) also saw joined Bitcoin in the red.

It was also a mixed week for the majors.

Ripple’s XRP slid by 49% to lead the way down.

Binance Coin (-2.01%), Bitcoin Cash SV (-9.80%), Cardano’s ADA (-4.50%), Chainlink (-7.13%), Crypto.com Coin (-14.58%), and Polkadot (-11.39%) also saw red.

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

Litecoin rallied by 11.30% to lead the pack, with Ethereum (+7.20%) also joining Bitcoin in the green.

In the week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Sunday high $754.26bn. At the time of writing, the total market cap stood at $711.83bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Sunday high of 72.06%. At the time of writing, Bitcoin’s dominance stood at 70.23%.

This Morning

At the time of writing, Bitcoin was up by 2.33% to $26,852.0. A mixed start to the day saw Bitcoin fall to an early morning low $26,068.1 before rising to a high $26,948.0.

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

Elsewhere, it was also a bullish start to the day.

At the time of writing, Ethereum was up by 3.36% to lead the way.

BTCUSD 281220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $26,766 to bring the first major resistance level at $27,719 into play.

Support from the broader market would be needed for Bitcoin to break out from $27,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $29,000 before any pullback. The second major resistance level sits at $29,197.

Failure to avoid a fall back through the $26,766 pivot would bring the first major support level at $25,288 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,000 levels. The second major support level sits at $24,335.

The Crypto Daily – Movers and Shakers – December 27th, 2020

Bitcoin, BTC to USD, rallied by 6.85% on Saturday. Following on from a 4.11% gain on Friday, Bitcoin ended the day at $26,413.0.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $24,489.0 before making a move.

Steering clear of the first major support level at $23,449, Bitcoin rallied to a late intraday high and a new swing hi $26,723.0.

Bitcoin broke through the first major resistance level at $25,396 and the second major resistance level at $26,073.

While easing back, Bitcoin avoided a fall back through the second major resistance level, holding onto the $26,000 handle through to the day end.

The near-term bullish trend remained intact, supported by the latest breakthrough to $26,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $12,680 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.

Chainlink (-4.92%), Polkadot (-6.96%), and Ripple’s XRP (-7.60%) saw red to buck the trend on the day once more.

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

Crypto.com Coin rose by 2.94% to lead the way.

Binance Coin (+1.28%), Ethereum (+1.56%), and Litecoin (+1.48%) also found relatively strong support.

Bitcoin Cash SV (+0.02%) and Cardano’s ADA (+0.57%) trailed the front runners, however.

In the current week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Saturday high $715.51bn. At the time of writing, the total market cap stood at $699.49bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 71.03%.

This Morning

At the time of writing, Bitcoin was up by 1.07% to $26,696.0. A bullish start to the day saw Bitcoin rise from an early morning low $26,422.0 to a high $26,710.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.48%), Chainlink (-0.85%), Polkadot (-0.43%), and Ripple’s XRP (-0.76%) saw red early on.

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

At the time of writing, Litecoin was up by 2.38% to lead the way.

BTCUSD 271220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $25,875 to bring the first major resistance level at $27,261 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $26,723.0.

Barring an extended crypto rally, the first major resistance level and resistance at $27,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $28,000 before any pullback. The second major resistance level sits at $28,109.

Failure to avoid a fall through the $25,875 pivot would bring the first major support level at $25,027 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,000 levels. The second major support level sits at $23,641.

The Crypto Daily – Movers and Shakers – December 26th, 2020

Bitcoin, BTC to USD, rallied by 4.11% on Friday. Following on from a 2.31% gain on Thursday, Bitcoin ended the day at $24,720.1.

It was another mixed start to the day. Bitcoin fell to an early morning low $23,420.0 before making a move.

Steering clear of the first major support level at $23,033, Bitcoin rallied to a late morning high $24,722.0.

Bitcoin broke through the first major resistance level at $24,122 and the second major resistance level at $24,501 before hitting reverse.

The reversal saw Bitcoin slide to an early afternoon intraday low $22,855.

Bitcoin fell through the first major support level at $23,033 before hitting a late intraday high and a new swing hi $24,802.0.

The rebound saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $24,700 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,946 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.

Chainlink (-0.29%), Polkadot (-2.20%), and Ripple’s XRP (-5.94%) saw red to buck the trend on the day.

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

Litecoin rallied by 14.84% to lead the way.

Bitcoin Cash SV (+2.96%), Cardano’s ADA (+2.99%), and Crypto.com Coin (+3.96%) also found relatively strong support.

Binance Coin (+2.13%) and Ethereum (+2.37%) trailed the front runners, however.

In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $657.72bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.49%.

This Morning

At the time of writing, Bitcoin was down by 0.51% to $24,594.0. A mixed start to the day saw Bitcoin rise to an early morning high $24,775.0 before falling to a low $24,550.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP (-2.02%), Cardano’s ADA (-0.29%), and Litecoin (-0.12%) joined Bitcoin in the 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 2.42% to lead the way.

BTCUSD 261220 Monthly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $24,126 to bring the first major resistance level at $25,396 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $24,802.0.

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 $26,000 before any pullback. The second major resistance level sits at $26,073.

Failure to avoid a fall through the $24,126 pivot would bring the first major support level at $23,449 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,179.