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

Bitcoin, BTC to USD, rallied by 4.31% on Sunday. Following a 0.07% gain from Saturday, Bitcoin ended the week up by 12.62% to $51,000.00.

A bullish start to the day saw Bitcoin rally to late afternoon high $51,350.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $49,679 and the second major resistance level at $50,498.

The pullback saw Bitcoin slide back to $49,700 levels before a late rally.

Finding support at the first major resistance level at $49,679, Bitcoin rallied to a final hour intraday high $51,442.0.

Bitcoin broke back through the second major resistance level at $50,498 to wrap up the week at $51,000 levels.

The near-term bullish trend remained intact supported by the return to $51,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin  (+5.95%) and Crypto.com Coin (+5.53%) led the way.

Bitcoin Cash SV (+4.11%), Ethereum (+4.63%), and  Litecoin (+4.30%) also found strong support.

Cardano’s ADA (+0.02%), Chainlink (+1.67%), Polkadot (+0.87%), and Ripple’s XRP (+0.33%) trailed the front runners, however.

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

Cardano’s ADA slid by 14.14% to lead the way down, with Polkadot falling by 7.97% to buck the trend.

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

Crypto.com Coin and Ethereum rallied by 20.78% and by 21.55% respectively to lead the way.

Binance Coin (+13.89%), Chainlink (+15.63%), Litecoin (+15.20%), and Ripple’s XRP (+11.88%) also found strong support.

Bitcoin Cash SV (+8.32%) trailed the front runners, however.

In the week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,567bn.

Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Saturday low 60.44%. At the time of writing, Bitcoin’s dominance stood at 61.13%.

This Morning

At the time of writing, Bitcoin was up by 1.18% to $51,603.0. A mixed start to the day saw Bitcoin fall to an early morning low $50,891.0 before rising to a high $51,682.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.44%), Bitcoin Cash SV (-0.75%), and Polkadot (-0.74%) saw red early on.

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

At the time of writing, Crypto.com Coin was up by 2.25% to lead the way.

BTCUSD 080321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $50,446 to bring the first major resistance level at $51,996 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s high $51,682.0.

Barring an extended crypto rally, the first major resistance level and resistance at $52,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $54,000 before any pullback. The second major resistance level sits at $52,993.

Failure to avoid a fall through the $50,446 pivot would bring the first major support level at $49,449 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear sub-$49,000 levels. The second major support level sits at $47,899.

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

Bitcoin, BTC to USD, eked out a 0.07% gain on Saturday. Following on from a 0.91% gain on Friday, Bitcoin ended the day at $48,860.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $49,238.0 before hitting reverse.

Falling short of the first major resistance level at $50,074, Bitcoin fell to an early afternoon intraday low $47,159.0.

Steering clear of the first major support level at $47,002, Bitcoin revisited $49,000 levels before easing back.

The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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.

Ethereum rallied by 8.05% to lead the way.

Binance Coin  (+0.48%), Chainlink (+1.10%), Litecoin (+1.38%), and Ripple’s XRP (+1.79%) also joined Bitcoin in the green.

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

Bitcoin Cash SV (-1.69%), Cardano’s ADA (-2.53%), Crypto.com Coin (-0.18%), and Polkadot (-0.81%) saw red on the day.

In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,505bn.

Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Friday low 60.44%. At the time of writing, Bitcoin’s dominance stood at 60.93%.

This Morning

At the time of writing, Bitcoin was up by 0.72% to $49,213.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,895.0 to a high $49,275.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA was down by 0.47% to buck the trend 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 4.22% to lead the way.

BTCUSD 070321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $48,419 to bring the first major resistance level at $49,679 into play.

Support from the broader market would be needed for Bitcoin to break back through to $49,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $51,000 before any pullback. The second major resistance level sits at $50,498.

Failure to avoid a fall through the $48,419 pivot would bring the first major support level at $47,600 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,50. The second major support level at $46,340 should limit the downside.

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

Bitcoin, BTC to USD, rose by 0.91% on Friday. Partially reversing a 4.01% slide from Thursday, Bitcoin ended the day at $48,830.0.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $46,417.0 before making a move.

Bitcoin fell through the first major support level at $46,735 before striking a late intraday high $49,489.0.

Falling short of the first major resistance level at $50,909, Bitcoin fell back to $48,600 levels before wrapping up the day at $48,800 levels.

The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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.

Ripple’s XRP and Polkadot slid by 5.27% and by 5.47% respectively to lead the way down.

Binance Coin  (-1.86%), Bitcoin Cash SV (-1.67%), Crypto.com Coin (-2.38%), Ethereum (-0.70%), and Litecoin (-0.16%)  also saw red.

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

Cardano’s ADA rallied by 4.20% to lead the way, with Chainlink (+0.57%) also joining Bitcoin in the green.

In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,486bn.

Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Thursday low 61.06%. At the time of writing, Bitcoin’s dominance stood at 61.45%.

This Morning

At the time of writing, Bitcoin was up by 0.45% to $49,048.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,826.0 to a high $49,238.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 2.16% to lead the way.

BTCUSD 060321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $48,245 to bring the first major resistance level at $50,074 into play.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,317.

Failure to avoid a fall through the $48,245 pivot would bring the first major support level at $47,002 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,501 and the second major support level at $45,173.

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

Bitcoin, BTC to USD, slid by 4.01% on Thursday. Reversing a 3.91% gain from Wednesday, Bitcoin ended the day at $48,388.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $51,777.0 before hitting reverse.

Falling short of the first major resistance level at $52,649, Bitcoin slid to a late intraday low $47,603.0.

The sell-off saw Bitcoin fall through the first major support level at $48,175 before ending the day at $48,300 levels.

The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP rallied by 7.33% to buck the trend on the day.

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

Cardano’s ADA and Chainlink slid by 8.31% and by 7.37% respectively to lead the way down.

Binance Coin  (-4.59%), Bitcoin Cash SV (-5.76%), and Litecoin (-3.75%) also saw relatively heavy losses.

Crypto.com Coin (-1.81%), Ethereum (-1.83%), and Polkadot (-1.04%) saw relatively modest losses on the day, however.

In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,422bn.

Bitcoin’s dominance fell to a Tuesday low 61.08% before rising to a Tuesday high 62.40%. At the time of writing, Bitcoin’s dominance stood at 61.50%.

This Morning

At the time of writing, Bitcoin was down by 2.54% to $47,161.0. A bearish start to the day saw Bitcoin slide from an early morning high $48,389.0 to a low $47,055.0.

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

Elsewhere, it was also a bearish start to the day for the majors

At the time of writing, Crypto.com Coin was down by 4.97% to lead the way down.

BTCUSD 050321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $49,256 to bring the first major resistance level at $50,909 into play.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $51,777.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,430.

Failure to move through the $49,256 pivot would bring the first major support level at $46,735 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $45,501 and the second major support level at $45,082.

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

Bitcoin, BTC to USD, fell by 2.11% on Tuesday. Partially reversing a 9.49% rally from Monday, Bitcoin ended the day at $48,536.0.

A bullish start to the day saw Bitcoin rally to an early morning intraday high $50,148.0 before hitting reverse.

Falling well short of the first major resistance level at $51,182, Bitcoin slid to a late intraday low $47,158.0.

Steering clear of the first major support level at $46,539, however, Bitcoin found late support to end the day at $48,500 levels.

The near-term bullish trend remained intact in spite of last week’s reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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 and Polkadot rose by 3.70% and by 3.83% respectively to lead the way.

Chainlink (+2.81%), Crypto.com Coin (+2.16%), and Litecoin (+1.80%) also found support to buck the trend on the day.

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

Binance Coin  (-5.87%), Cardano’s ADA (-5.64%), and Ethereum (-5.31%) led the way down.

Ripple’s XRP (-2.24%) saw relatively modest loss on the day.

Early in the week, the crypto total market fell to a Monday low $1,345.39bn before rising to a Tuesday high $1,533.73bn. At the time of writing, the total market cap stood at $1,436.62bn.

Bitcoin’s dominance fell to a Tuesday low 61.08% before rising to a Tuesday high 62.40%. At the time of writing, Bitcoin’s dominance stood at 61.89%.

This Morning

At the time of writing, Bitcoin was up by 0.18% to $48,625.0. A mixed start to the day saw Bitcoin fall to an early morning low $48,183.4 before rising to a high $48,855.0.

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

Elsewhere, it was a mixed start to the day.

Litecoin and Ripple’s XRP were down by 0.04% and by 0.46% to buck the trend early on.

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

At the time of writing, Polkadot was up by 1.95% to lead the way.

BTCUSD 030321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $48,614 to bring the first major resistance level at $50,070 into play.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $50,148.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,604.

Failure to avoid a fall back through the $48,614 pivot would bring the first major support level at $47,080 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $45,624 and the 23.6% FIB of $45,501.

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

Bitcoin, BTC to USD, fell by 1.95% on Sunday. Following a 0.07% decline on Saturday, Bitcoin ended the week down by 21.04% to $45,300.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $46,703.0 before hitting reverse. In spite of the bearish week, Bitcoin ended February up by 36.78%.

Falling short of the first major resistance level at $48,063, Bitcoin slid to a late afternoon intraday low $43,171.0.

Bitcoin fell through the first major support level at $44,756 and the second major support level at $43,275.

The sell-off also saw Bitcoin fall through the 23.6% FIB of $45,501.

Steering clear of sub-$40,000 support levels, however, Bitcoin revisited $46,000 levels before easing back.

Bitcoin broke back through the major support levels and the 23.6% FIB of $45,501 before ending the day at $45,300 levels.

The near-term bullish trend remained intact in spite of the week’s reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (+0.15%) and Polkadot (+3.25%) also bucked the trend on the day.

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

Crypto.com Coin tumbled by 13.89% to lead the way down, with Bitcoin Cash SV sliding by 8.95%.

Binance Coin (-6.49%), Chainlink (-5.56%), Ethereum (-2.63%), Litecoin (-3.63%), and Ripple’s XRP (-4.45%) also struggled, however.

For the week, it was a mixed week for the cryptos.

Cardano’s ADA rallied by 19.53% to lead the way, with Polkadot rising by 8.45% to also buck the trend.

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

Binance Coin (-28.66%), Bitcoin Cash SV (-29.10%), Chainlink (-27.56%), Ethereum (-26.54%), Litecoin (-27.18%), and Ripple’s XRP (-23.57%) led the way down.

Crypto.com Coin (-7.44%) saw a relatively modest loss in the week, however.

In spite of the downward trend for the week, it was a mixed month for the majors.

Bitcoin Cash (-4.12%) and Ripple’s XRP (-15.97%) bucked the trend with losses for February.

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

Binance Coin surged by 374.51% to lead the way, with Cardano’s ADA (+281.46%) and Crypto.com Coin (+108.38%) also impressing.

Chainlink (+9.53%), Ethereum (+8.22%), Litecoin (+27.86%), and Polkadot (+53.66%) trailed the front runners.

In the week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Sunday low $1,277.34bn. At the time of writing, the total market cap stood at $1,399.38bn.

Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Saturday low 60.94%. At the time of writing, Bitcoin’s dominance stood at 62.05%.

This Morning

At the time of writing, Bitcoin was up by 2.73% to $46,537.6. A mixed start to the day saw Bitcoin fall to an early morning low $45,100.0 before rising to a high $46,552.0.

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 1.24% and by 0.95% respectively to buck the trend 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 8.95% to lead the way.

BTCUSD 010321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the 23.6% FIB of $45,501 and the pivot level at $45,058 to bring the first major resistance level at $46,945 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $46,703.0.

Barring an extended crypto rally, the first major resistance level and resistance at $47,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $49,000 before any pullback. The second major resistance level sits at $48,590.

Failure to avoid a fall through the 23.6% FIB of $45,501 and the $45,058 pivot would bring the first major support level at $43,413 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$42,000 levels. The second major support level sits at $41,526.

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

Bitcoin, BTC to USD, fell by 0.07% on Saturday. Following a 1.77% decline on Friday, Bitcoin ended the day at $46,238.0.

A mixed start to the day saw Bitcoin fall to an early morning low $46,173.0 before making a move.

In spite of the early pullback, Bitcoin avoided the 23.6% FIB of $45,501 and the first major support level at $44,083.

Finding early morning support, Bitcoin rose to a mid-morning intraday high $48,407.0 before hitting reverse.

Coming within range of the first major resistance level at $48,497, Bitcoin slid back to sub-$47,000 levels.

After a range-bound afternoon and a return to $47,000 levels, a bearish end to the day left Bitcoin in the red.

A late sell-off saw Bitcoin fall to an intraday low $45,511.0. Bitcoin fell through the 23.6% FIB of $45,501 before wrapping up the day at $46,200 levels.

The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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.

Crypto.com Coin fell by 5.55% to join Bitcoin in the red.

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

Polkadot rallied by 6.73% to lead the way, with Cardano’s ADA (+5.64%) and Chainlink (+4.16%) also finding strong support.

Binance Coin (+1.53%), Ethereum (+1.07%), Litecoin (+1.02%), and Ripple’s XRP (+1.82%) saw relatively modest gains on the day.

Bitcoin Cash SV ended the day flat.

In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,394.46bn.

Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Saturday low 60.94%. At the time of writing, Bitcoin’s dominance stood at 61.57%.

This Morning

At the time of writing, Bitcoin was down by 0.32% to $46,089.0. A mixed start to the day saw Bitcoin fall to an early morning low $45,662.0 before rising to a high $46,425.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.02%) and Polkadot (+0.12%) found early support.

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

At the time of writing, Crypto.com Coin was down by 1.27% to lead the way down.

BTCUSD 280221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $46,582 to bring the first major resistance level at $48,063 into play.

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

Barring an extended crypto rally, the first major resistance level and Saturday’s high $48,407 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,889.

Failure to move through the $46,582 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,756 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$43,000 levels. The second major support level at $43,275 should limit the downside.

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

Bitcoin, BTC to USD, fell by 1.77% on Friday. Following on from a 5.14% slide on Thursday, Bitcoin ended the day at $46,318.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $44,027.0 before making a move.

The reversal saw Bitcoin fall through the first major support level at $45,212 and the 23.6% FIB of $45,501.

Finding late morning support, Bitcoin rose to a late afternoon intraday high $48,441.0 before hitting reverse.

Falling well short of the first major resistance level at $50,651, Bitcoin slid back to sub-$47,000 levels and into the red.

Despite the late sell-off, Bitcoin avoided a fall back through the 23.6% FIB and the major support levels.

The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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.

Cardano’s ADA rallied by 15.62% to lead the way.

Bitcoin Cash SV (+2.20%), Chainlink (+2.08%), and Polkadot (+2.42%) also ended the day in the green.

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

Binance Coin (-5.50%), Crypto.com Coin (-6.87%), Litecoin (-5.07%) led the way down.

Ethereum (-2.49%), and Ripple’s XRP (-1.54%) saw relatively modest losses on the day.

In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,417.61bn.

Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.03%.

This Morning

At the time of writing, Bitcoin was up by 1.75% to $47,130.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,173.0 before rising to a high $47,247.0.

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

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

Crypto.com Coin was down by 3.68% 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, Litecoin was up by 5.17% to lead the way.

BTCUSD 270221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $46,262 to bring the first major resistance level at $48,497 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $48,441.0.

Barring an extended crypto rally, the first major resistance level and resistance at $49,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $50,676.

Failure to avoid a fall back through the $46,262 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,083 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $41,848.

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

Bitcoin, BTC to USD, slid by 5.14% on Thursday. Reversing 1.71% gain from Wednesday, Bitcoin ended the day at $47,162.

A mixed start to the day saw Bitcoin rise to an early morning high $50,900.0 before hitting reverse.

Falling short of $51,000 levels and the major resistance levels, Bitcoin fell to a late morning low $48,673.0.

Steering clear of the first major support level at $47,294, Bitcoin bounced back to an early afternoon intraday high $52,189.0.

Bitcoin broke through the first major resistance level at $51,746 before sliding to a late intraday low $46,750.0.

The late sell-off saw Bitcoin fall through the first major support level at $47,294.

A late move back through to $47,100 levels reduced the deficit on the day, however.

The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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 Crypto.com Coin rose by 2.49% and by 5.21% respectively to buck the trend on the day.

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

Chainlink slid by 12.38% to led the way down.

Binance Coin (-7.82%), Ethereum (-8.78%), and Ripple’s XRP (-6.93%) also saw relatively heavy losses.

Bitcoin Cash SV (-0.70%), Litecoin (-1.17%) and Polkadot (2.02%) saw relatively modest losses on the day.

In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,372.14bn.

Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.61%.

This Morning

At the time of writing, Bitcoin was down by 2.25% to $46,101.0. A mixed start to the day saw Bitcoin rise to an early morning high $47,638.4 before sliding to a low $45,858.0

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

Elsewhere, it was a bearish start to the day for the broader crypto market.

At the time of writing, Crypto.com Coin was down by 10.63% to lead the way down.

BTCUSD 260221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $48,700 to bring the first major resistance level at $50,651 into play.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $51,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,139.

Failure to move through the $48,700 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $45,212 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $43,261.

The Crypto Daily – Movers and Shakers – February 24th, 2021

Bitcoin, BTC to USD, slid by 9.61% on Tuesday. Following on from a 5.73% decline on Monday, Bitcoin ended the day at $48,874.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $54,138.0 before hitting reverse.

Falling short of the first major resistance level at $58,272, Bitcoin tumbled to a late morning intraday low $45,000.

The extended sell-off saw Bitcoin fall through the first major support level at $49,078 and the 23.6% FIB of $45,501.

Steering clear of sub-$45,000 support levels, Bitcoin briefly revisited $49,500 before a 2nd pullback.

Bitcoin broke back through the first major support level and the 23.6% FIB before a 2nd slide through the 23.6% FIB of $45,501.

Finding late support, however, Bitcoin broke back through the 23.6% FIB to end the day at $48,800 levels.

The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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 rose by 1.48% to buck the trend on the day.

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

Crypto.com Coin tumbled by 34.61% to lead the way down.

Bitcoin Cash SV (-15.14%), Binance Coin (-13.52%), Cardano’s ADA (-12.47%), Chainlink (-17.54%), Ethereum (-11.27%), Litecoin (-14.71%), and Ripple’s XRP (-15.90%) all saw heavy losses.

Early in the current week, the crypto total market cap rose to a Monday high $1,747.86bn before sliding to a Tuesday low $1,290.41bn. At the time of writing, the total market cap stood at $1,444.92bn.

Bitcoin’s dominance fell to a Monday low 61.37% before rising to a Tuesday high 64.77%. At the time of writing, Bitcoin’s dominance stood at 62.73%.

This Morning

At the time of writing, Bitcoin was down by 0.71% to $48,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $49,087.0 before falling to a low $48,465.0.

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 were up by 1.62% and by 2.92% to buck the trend early on.

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

At the time of writing, Binance Coin was down by 2.23% to lead the way down.

BTCUSD 240221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $49,337 to bring the first major resistance level at $53,675 into play.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $54,138.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $58,475.

Failure to move through the $49,337 pivot would bring the 23.6% FIB of $45,501 and the first major support level at $44,537 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $40,199.

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

Bitcoin, BTC to USD, rose by 2.85% on Sunday. Reversing a 0.16% decline from Saturday, Bitcoin ended the week up by 18.06% to $57,376.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,386.0 before making a move.

Steering clear of the first major support level at $54,723, Bitcoin rallied to a late intraday high and a new swing hi $58,321.2.

Bitcoin broke through the first major resistance level at $57,158 to come within range of the second major resistance level at $58,539.

A bearish end to the day saw Bitcoin briefly fall back through the first major resistance level to sub-$57,000 levels.

Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $57,300 levels.

The near-term bullish trend remained intact, supported by the Sunday’s new swing hi $58,321.2. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (-1.39%), Crypto.com Coin (-3.74%), and Polkadot (-0.96%) saw red on the day.

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

Binance Coin and Bitcoin Cash SV rallied by 16.34% and by 10.91%, with Ripple’s XRP rising by 6.47% to lead the way.

Chainlink (+0.42%), Ethereum (+1.07%), and Litecoin (+0.22%) also found support.

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

Ripple’s XRP fell by 8.09% to buck the trend in the week.

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

Binance Coin surged by 117.09% to lead the way.

Bitcoin Cash SV (+43.58%), Cardano’s ADA (+30.40%), Crypto.com Coin (+54.33%), and Polkadot (+24.95%) also made solid gains.

Chainlink (+2.92%), Ethereum (+7.34%), and Litecoin (+6.37%) trailed the front runners, however.

For the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Saturday high $1,778.34bn. At the time of writing, the total market cap stood at $1,694.60bn.

Bitcoin’s dominance fell to a Friday low 59.92% before rising to a Saturday high 63.57%. At the time of writing, Bitcoin’s dominance stood at 62.46%.

This Morning

At the time of writing, Bitcoin was down by 1.09% to $56,753.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,449.0 before falling to a low $56,451.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was up by 0.31% to buck the trend early on.

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

At the time of writing, Binance Coin was down by 3.24% to lead the way down.

BTCUSD 220221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $57,028 to bring the first major resistance level at $58,670 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s swing hi $58,321.2.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,963.

Failure to move back through the $57,028 pivot would bring the first major support level at $55,734 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,093.

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

Bitcoin, BTC to USD, fell by 0.16% on Saturday. Following an 8.34% rally on Friday, Bitcoin ended the day at $55,777.0.

A mixed start to the day saw Bitcoin rise to an early morning high and a new swing hi $56,444.0 before hitting reverse.

Falling short of the first major resistance level at $57,887, Bitcoin fell to a late morning low $55,050.0.

Steering well clear of the first major support levels, Bitcoin struck a mid-day intraday high and a new swing hi $57,485.0 before sliding back into the red.

The late sell off saw Bitcoin slide to an intraday low $54,000.0 before wrapping up the day at $55,700 levels.

In spite of the reversal, Bitcoin continued to steer well clear of the first major support level at $52,300.

The near-term bullish trend remained intact, supported by the Saturday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $24,431 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA and Polkadot rallied by 20.42% and by 11.81% respectively to lead the way.

Crypto.com Coin (+7.88%) also found strong support to buck the trend on the day.

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

Binance Coin  slid by 23.93% to lead the way down, with Bitcoin Cash SV (-10.59%) and Ripple’s XRP (-9.33%) struggling.

Chainlink (-2.00%), Ethereum (-2.17%), and Litecoin (-4.02%) also joined Bitcoin in the red.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Saturday high $1,778.34bn. At the time of writing, the total market cap stood at $1,657.19bn.

Bitcoin’s dominance fell to a Friday low 59.92% before rising to a Saturday high 63.52%. At the time of writing, Bitcoin’s dominance stood at 62.53%.

This Morning

At the time of writing, Bitcoin was down by 0.41% to $55,546.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,898.6 before falling to a low $55,432.5.

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

Elsewhere, it was a mixed start to the day.

Binance Coin was up by 0.17% to buck the trend 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 5.71% to lead the way down.

BTCUSD 210221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $56,104 to bring the first major resistance level at $57,158 into play.

Support from the broader market would be needed for Bitcoin to break back through to $57,000 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s new swing hi $57,485.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,539.

Failure to move through the $56,104 pivot would bring the first major support level at $54,723 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $53,669.

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

Bitcoin, BTC to USD, rallied by 8.34% on Friday. Reversing a 1.04% fall from Thursday, Bitcoin ended the day at $55,866.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $50,755.0 before making a move.

Finding support at the first major support level at $50,773, Bitcoin rallied to a late intraday high and a new swing hi $56,342.0.

Bitcoin broke through the first major resistance level at $52,449 and the second major resistance level at $53,332.

In spite of a late pullback, Bitcoin steered clear of the resistance levels to wrap up the day at $55,000 levels.

The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $23,995 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV slid by 3.51% to buck the trend on the day.

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

Binance Coin  surged by 70.55% to lead the way, with Crypto.com Coin rallying by 14.83%.

Chainlink (+7.03%), Litecoin (+4.41%), Polkadot (+3.36%), and Ripple’s XRP (+6.00%) also made relatively solid gains.

Cardano’s ADA (+1.33%), and Ethereum (+0.93%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Friday high $1,753.75bn. At the time of writing, the total market cap stood at $1,667.96bn.

Bitcoin’s dominance rose to a Wednesday high 63.41% before falling to a Friday low 59.92%. At the time of writing, Bitcoin’s dominance stood at 62.12%.

This Morning

At the time of writing, Bitcoin was down by 0.98% to $55,317.0. A mixed start to the day saw Bitcoin rise to an early morning high $56,257.0 before falling to a low $55,200.0

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, rising by 1.01%.

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

At the time of writing, Binance Coin was down by 6.54% to lead the way down.

BTCUSD 200221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $54,321 to bring the first major resistance level at $57,887 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s swing hi $56,342.0.

Barring an extended crypto rally, the first major resistance level and resistance at $58,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,908.

Failure to avoid a fall through the $54,321 pivot would bring the first major support level at $52,300 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $48,734.

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

Bitcoin, BTC to USD, fell by 1.04% on Thursday. Partially reversing a 5.97% rally from Wednesday, Bitcoin ended the day at $51,566.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $52,539.0 before hitting reverse.

Bitcoin fell short of Wednesday’s new swing hi $52,577.0 and the first major resistance level at $53,462.

The reversal saw Bitcoin fall to a mid-day intraday low $50,863.0 before finding support.

Steering clear of the first major support level at $49,885, Bitcoin revisited $52,300 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $22,556 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.

Litecoin (-4.58%), Polkadot (-1.72%), and Ripple’s XRP (-0.54%) joined Bitcoin in the red.

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

Binance Coin  and Crypto.com Coin surged by 18.22% and by 18.66% to lead the way.

Bitcoin Cash SV (+4.94%) and Ethereum (+4.74%) also found strong support.

Cardano’s ADA (+2.44%) and Chainlink (+0.56%) and trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Thursday high $1,602.83bn. At the time of writing, the total market cap stood at $1,573.61bn.

Bitcoin’s dominance fell to a Monday low 60.67% before rising to a Wednesday high 63.41%. At the time of writing, Bitcoin’s dominance stood at 61.42%.

This Morning

At the time of writing, Bitcoin was up by 0.54% to $51,847.0. A mixed start to the day saw Bitcoin fall to an early morning low $51,505.0 before rising to a high $51,913.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was down by 0.55% to buck the trend early on.

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

At the time of writing, Binance Coin was up by 5.72% to lead the way.

BTCUSD 190221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $51,656 to bring the first major resistance level at $52,449 into play.

Support from the broader market would be needed for Bitcoin to break back through to $52,000 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s swing hi $52,577.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,332.

Failure to avoid a fall through the $51,656 pivot would bring the first major support level at $50,773 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $49,980.

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

Bitcoin, BTC to USD, rose by 2.65% on Tuesday. Reversing a 1.42% loss from Monday, Bitcoin ended the day at $49,203.0.

A mixed start to the day saw Bitcoin slide to an early morning intraday low $47,0460 before making a move.

Steering clear of the first major support level at $46,105, Bitcoin rallied to a mid-day intraday high and a new swing hi $50,490.0.

Bitcoin broke through the first major resistance level at $49,333 to visit $50,000 levels for the first time.

Coming up short of the second major resistance level at $50,760, Bitcoin fell back to sub-$48,000 levels and into the red.

Finding late support, however, Bitcoin moved back through to $49,000 levels to deliver the upside on the day.

The first major resistance level at $49,333 pinned Bitcoin back late on.

The near-term bullish trend remained intact, supported by the Tuesday’s new swing hi $50,490.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,759 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 (-3.75%), Chainlink (-1.62%), Crypto.com Coin (-1.38%), and Ripple’s XRP (-5.35%) saw red.

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

Polkadot rallied by 5.49% to lead the way.

Binance Coin (+0.03%), Cardano’s ADA (+1.13%), Ethereum (+0.08%), and Litecoin (+0.99%) also joined Bitcoin in positive territory.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Tuesday high $1,537.78bn. At the time of writing, the total market cap stood at $1,476.39bn.

Bitcoin’s dominance jumped to a Monday high 63.36% before falling to a Monday low 60.67%. At the time of writing, Bitcoin’s dominance stood at 62.44%.

This Morning

At the time of writing, Bitcoin was up by 0.75% to $49,572.5. A bullish start to the day saw Bitcoin rise from an early morning low $49,182.0 to a high $49,584.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.07%), Litecoin (+0.85%), and Ripple’s XRP (+1.76%) joined Bitcoin in the green.

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

At the time of writing, Chainlink was down by 1.17% to lead the way down.

BTCUSD 170221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $48,913 to bring the first major resistance level at $50,780 into play.

Support from the broader market would be needed for Bitcoin to break out from Tuesday’s new swing hi $50,490.0.

Barring an extended crypto rally, the first major resistance level and Tuesday’s new swing hi would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $52,357.

Failure to avoid a fall through the $48,913 pivot would bring the first major support level at $47,336 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,469.

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

Bitcoin, BTC to USD, rose by 2.98% on Sunday. Reversing a 0.40% decline Saturday, Bitcoin ended the week up by 25.08% to $48,584.0.

A mixed start to the day saw Bitcoin slip to an early morning intraday low $47,030.0 before making a move.

Steering clear of the first major support level at $46,218, Bitcoin rallied to a mid-day intraday high and a new swing hi $49,659.0.

Bitcoin broke through the first major resistance level at $48,172 and the second major resistance level at $49,168.

A bearish end to the day, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$49,000.

The near-term bullish trend remained intact, supported by the Sunday’s new swing hi $49,659.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,442 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.

Binance Coin (+1.96%), Bitcoin Cash SV (+2.94%), and Crypto.com Coin (+0.33%) bucked the trend to join Bitcoin in the green.

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

Cardano’s ADA (-7.61%), Polkadot (-X%), and Ripple’s XRP (-6.74%) led the way down.

Chainlink (-3.07%), and Litecoin (-5.54%) also struggled.

Ethereum saw relatively modest 0.77% loss, however.

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

Binance Coin surged by 98.52% to lead the way.

Bitcoin Cash SV (+43.58%), Cardano’s ADA (+27.43%), Chainlink (+34.02%), Crypto.com Coin (+40.20%), Litecoin (+41.05%), Ripple’s XRP (+41.34%) also found strong support.

Ethereum (+11.65%) and Polkadot (+8.63%) trailed the front runners, however.

In the week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Sunday high $1,539.20bn. At the time of writing, the total market cap stood at $1,453.99bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.67%. At the time of writing, Bitcoin’s dominance stood at 60.42%.

 

This Morning

At the time of writing, Bitcoin was up by 0.23% to $47,694.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,592.0 to a high $48,727.0.

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

Elsewhere, it was a mixed start to the day. Crypto.com Coin was down by 1.27% early on to buck the trend.

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

At the time of writing, Bitcoin Cash SV was up by 2.94% to lead the way.

BTCUSD 150221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $48,424 to bring the first major resistance level at $49,819 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s swing hi $49,659.0.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $51,053.

Failure to avoid a fall through the $48,424 pivot would bring the first major support level at $47,190 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,795.

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

Bitcoin, BTC to USD, slipped by 0.40% on Saturday. Following on from 1.26% decline on Friday, Bitcoin ended the day at $47,177.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse.

Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0.

Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 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.

Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%.

Crypto.com Coin (+5.26%) and Ripple’s XRP (+3.91%) also found support on the day.

It was a bearish day for the rest, however.

Binance Coin (-2.59%), Cardano’s ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoin’s dominance stood at 60.42%.

This Morning

At the time of writing, Bitcoin was.

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

Elsewhere, it was another mixed start to the day.

Binance Coin (-0.71%), Cardano’s ADA (-0.20%), Chainlink (-0.03%), Ethereum (-0.42%), and Litecoin (-1.01%) 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 2.44% to lead the way.

BTCUSD 140221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $47,214 to bring the first major resistance level at $48,172 into play.

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

Barring an extended crypto rally, the first major resistance level and Saturday’s high $48,209.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,168.

Failure to move back through the $47,214 pivot would bring the first major support level at $46,218 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $45,260.

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

Bitcoin, BTC to USD, fell by 1.26% on Friday. Partially reversing a 7.07% rally from Thursday, Bitcoin ended the day at $47,397.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $48,945.0 before hitting reverse.

Falling short of the first major resistance level at $49,765, Bitcoin fell to an early afternoon intraday low $47,397.0.

Steering clear of the first major support level at $45,084, Bitcoin revisited $48,000 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 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.

Cardano’s ADA fell by 0.20% to buck the trend on the day alongside Bitcoin.

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

Polkadot and Ripple’s XRP rallied by 16.22% and by 15.33% to lead the way.

Binance Coin (+10.34%), Chainlink (+10.12%) and Litecoin (+7.29%) also found strong support on the day.

Bitcoin Cash SV (+2.62%), Crypto.com Coin (+5.56%), and Ethereum (+3.23%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,461.07bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a current day low 60.25%. At the time of writing, Bitcoin’s dominance stood at 60.82%.

This Morning

At the time of writing, Bitcoin was down by 0.60% to $47,677.0. A mixed start to the day saw Bitcoin slip to an early morning low $47,263.0 before striking a high $48,209.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-2.98%), Cardano’s ADA (-1.31%), and Ethereum (-0.09%) 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 6.90% to lead the way.

BTCUSD 130221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $47,398 to bring the first major resistance level at $48,944 into play.

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

Barring an extended crypto rally, the first major resistance level and Friday’s swing hi $48,945.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $50,491.

Failure to avoid a fall back through the $47,398 pivot would bring the first major support level at $45,851 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$45,000 levels. The second major support level sits at $44,305.

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

Bitcoin, BTC to USD, rallied by 7.07% on Thursday. Reversing a 3.54% slide from Wednesday, Bitcoin ended the day at $48,008.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $43,917.4 before making a move.

Steering clear of the first major support level at $43,284, Bitcoin rallied to a late intraday high and a new swing hi $48,598.0.

Bitcoin broke through the first major resistance level at $46,890 before a slide back to sub-$46,000 levels.

Finding late support, however, Bitcoin moved back through to $48,000 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the Thursday’s new swing hi $48,598.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,036 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.

Binance Coin slid by 3.66% to lead the way down.

Cardano’s ADA (-1.44%) and Polkadot (-0.97%) also saw red on the day.

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

Crypto.com Coin jumped by 15.5% to lead the way.

Bitcoin Cash SV (+8.08%), Chainlink (+3.89%) and Ripple’s XRP (+4.80%) also found strong support.

Ethereum (+2.57%) and Litecoin (+2.84%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Thursday high $1,481.62bn. At the time of writing, the total market cap stood at $1,442.71bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before falling to a Wednesday low 61.13%. At the time of writing, Bitcoin’s dominance stood at 62.79%.

This Morning

At the time of writing, Bitcoin was up by 1.64% to $48,795.0. A mixed start to the day saw Bitcoin slip to an early morning low $47,987.0 before striking a new swing hi $48,945.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.86%), Cardano’s ADA (-0.36%), Chainlink (-1.31%), Polkadot (-1.31%), and Ripple’s XRP (-0.37%) 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 3.28% to lead the way.

BTCUSD 120221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $46,841 to bring the first major resistance level at $49,765 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s new swing hi $48,945.0.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $51,522.

Failure to avoid a fall through the $46,841 pivot would bring the first major support level at $45,084 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$45,000 levels. The second major support level sits at $42,161.

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

Bitcoin, BTC to USD, rose by 0.09% on Tuesday. Consolidating Monday’s 19.57% surge, Bitcoin ended the day at $46,488.0.

A bullish start to the day saw Bitcoin rally to a mid-morning intraday high and new swing high $48,277.0.

Falling short of the first major resistance level at $49,424, Bitcoin slid to an early afternoon intraday low $45,060.0.

Steering well clear of the first major support level at $40,705, however, Bitcoin revisited $48,000 levels before easing back.

A late pullback saw Bitcoin revisit negative territory before ending the day at $46,480 levels

The near-term bullish trend remained intact, supported by the Tuesday’s new swing hi $48,277.0. For the bears, Bitcoin would need to slide through the 62% FIB of $20,914 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin surged by 34.54% to lead the way.

Bitcoin Cash SV (+13.22%), Chainlink (+8.61%), and Litecoin (+8.54%) trailed in spite of strong rallies.

Cardano’s ADA (+4.24%), Crypto.com Coin (+2.99%), and Ripple’s XRP (+5.54%) also made solid gains.

Ethereum (+1.09%) and Polkadot (+0.20%) trailed the front runners, however.

At the start of the week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Tuesday high $1,431.79bn. At the time of writing, the total market cap stood at $1,378.43bn.

Bitcoin’s dominance fell to a Monday low 61.54% before jumping to aTuesday high 64.83%. At the time of writing, Bitcoin’s dominance stood at 63.11%.

 

This Morning

At the time of writing, Bitcoin was up by 0.52% to $46,731.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,128.0 before striking a high $46,900.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink and Litecoin were down by 0.54% and by 0.80% to buck the trend early on.

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

At the time of writing, Cardano’s ADA was up by 6.41% to lead the way.

BTCUSD 100221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $46,608 to bring the first major resistance level at $48,157 into play.

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

Barring an extended crypto rally, the first major resistance level and Tuesday’s new swing hi $48,277.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000. The second major resistance level sits at $49,825.

Failure to avoid a fall back through the $46,608 pivot would bring the first major support level at $44,940 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $43,391.