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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bearish start to the day.

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

BTCUSD 210921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 200921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bearish start to the day.

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

BTCUSD 200921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 190921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bearish start to the day.

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

BTCUSD 180921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 170921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bullish start to the day.

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

BTCUSD 170921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 160921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 160921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 150921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 140921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 130921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 120921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

Ethereum slid by 6.26% to lead the way down.

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 110921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 100921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin Price Prediction – Bulls Fight Back to Bring $50,000 Back into Play

Following a mixed day for Bitcoin and the cryptos on Wednesday, it was a bullish morning.

At the time of writing, Bitcoin, BTC to USD, was up by 1.82% to $46,907.0.

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

Steering clear of the first major support level at $44,578, Bitcoin rose to an early afternoon high $47,222.0.

In spite of the return to $47,000 levels, however, Bitcoin fell short of the first major resistance level at $47,457.

BTCUSD 090921 Hourly Chart

The Rest of the Pack

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

At the time of writing, Crypto.com Coin was up by 8.54% to lead the way.

Cardano’s ADA (+3.95%) Chainlink (+3.67%), and Litecoin (+4.16%) also found strong support.

Binance Coin (+0.23%), Bitcoin Cash SV (+1.63%), Ethereum (+0.70%), Polkadot (+2.64%), and Ripple’s XRP (+1.30%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $2,092bn before rising to a high $2,175bn. At the time of writing, the total market cap stood at $2,159bn.

Bitcoin’s dominance fell to a mid-morning low 40.52% before rising to a mid-day high 41.04%. At the time of writing, Bitcoin’s dominance stood at 40.89%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $45,965 pivot to bring the first major resistance level at $47,457 back into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from the morning high $47,222.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $48,000 would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $48,844.

A fall back through the $45,965 pivot would bring the first major support level at $44,578 back into play.

Barring another extended sell-off through the afternoon, however, Bitcoin should avoid sub-$44,000 and the second major support level at $43,086.

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

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

Through the 2nd half of the day, a narrowing of the 50 EMA on the 100 and 200 EMAs would support a run at $50,000 levels.

Key through the afternoon, however, would be to avoid a Bitcoin fall back through the day’s pivot level at $45,965.

Bitcoin Price Prediction – Bears Remain in the Driving Seat, with Sub-$40,000 the New Target

Following Tuesday’s broad-based crypto meltdown, it’s been a bearish Wednesday morning.

At the time of writing, Bitcoin, BTC to USD, was down by 0.70% to $46,521.0.

A mixed start to the day saw Bitcoin rise to an early morning high $47,351.0 before hitting reverse.

Falling well short of the 23.6% FIB of $50,473 and the first major resistance level at $52,085, Bitcoin slid to a late morning current day low $44,472.0.

Steering clear of the first major support level at $42,417, however, Bitcoin found support to move back through to $46,500 levels.

The Rest of the Pack

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

At the time of writing, Litecoin was up by 3.35% to lead the way, with Crypto.com Coin (+0.52%) also bucking the trend.

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

Through the morning, Cardano’s ADA (-4.31%) and Chainlink (-3.85%) led the way down.

Binance Coin (-1.52%), Bitcoin Cash SV (-1.04%), and Ripple’s XRP (-2.98%) also struggled.

Ethereum (-0.23%) and Polkadot (-0.13%) saw relatively modest losses, however.

Through the early hours, the crypto total market cap rose to an early morning high $2,138bn before falling to a low $1,970bn. At the time of writing, the total market cap stood at $2,083bn.

Bitcoin’s dominance fell to an early morning low 41.67% before rising to a high 42.44%. At the time of writing, Bitcoin’s dominance stood at 42.00%.

For the Afternoon Ahead

Bitcoin would need to move through the $47,652 pivot to bring the first major resistance level at $52,085 into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from the 23.6% FIB of $50,473.

Barring a broad-based crypto rebound the 23.6% FIB would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $57,320.

Failure to move through the $47,652 pivot would bring the first major support level at $42,417 back into play.

Barring another extended sell-off through the afternoon, however, Bitcoin should avoid sub-$40,000 and the second major support level at $37,984.

The 38.2% FIB of $41,592 should limit the downside.

Looking beyond the support and resistance levels, we saw bearish crosses this morning. The 50 EMA crossed through 200 EMA in the early hours. We also saw the 100 EMA cross through the 200 EMA in the late morning.

Through the morning, the 50 EMA continued to pullback from both the 100 and 200 EMA, which was also a bearish signal.

A further pullback of the 50 EMA from the 100 and 200 EMAs would bring support levels back into play. For the bulls, a move back through to $47,500 levels will be key going into the afternoon.

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

Bitcoin, BTC to USD, slid by 11.06% on Tuesday. Reversing a 1.73% gain from Monday, Bitcoin ended the day at $46,849.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $52,888.0 before hitting reverse.

Falling short of the first major resistance level at $53,262, Bitcoin tumbled to a mid-afternoon intraday low $43,220.0.

Bitcoin fell through the day’s major support levels and also through the 23.6% FIB of $50,473.

Finding late support, Bitcoin briefly revisited $47,000 levels before easing back.

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

The Rest of the Pack

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

Ripple’s XRP slumped by 19.26% to lead the way down.

Bitcoin Cash SV (-18.26%), Chainlink (-18.90%), and Litecoin (-18.73%) weren’t far behind.

Binance Coin (-15.66%), Cardano’s ADA (-11.31%), Crypto.com Coin (-15.80%), Ethereum (-12.52%), and Polkadot (-8.63%) were also in the deep red.

Early in the week, the crypto total market rose to a Tuesday high $2,437bn before tumbling to a Tuesday low $1,835bn. At the time of writing, the total market cap stood at $2,087bn.

Bitcoin’s dominance fell to a Tuesday low 40.85% before rising to a Tuesday high 43.65%. At the time of writing, Bitcoin’s dominance stood at 42.09%.

This Morning

At the time of writing, Bitcoin was down by 0.46% to $46,633.0. A mixed start to the day saw Bitcoin rise to an early morning high $46,968.0 before falling to a low $46,402.0

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin bucked the early trend, rising by 1.02%.

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

At the time of writing, Bitcoin Cash SV was down by 2.20% to lead the way down.

BTCUSD 080921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move the $47,652 pivot to bring the first major resistance level at $52,085 into play.

Support from the broader market would be needed for Bitcoin to break out from the 23.6% FIB of $50,473.

Barring a broad-based crypto rally, the 23.6% FIB would likely leave Bitcoin short of the first major resistance level.

In the event of a broad-based crypto rebound, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $57,320.

Failure to move through the $47,652 pivot would bring the first major support level at $42,417 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 38.2% FIB of $41,592. The second major support level sits at $37,984.

Bitcoin Price Prediction – Bears Eye a Return to sub-$50,000

After a mixed start to the week for Bitcoin and the broader crypto market, it’s been a bearish Tuesday morning.

At the time of writing, Bitcoin, BTC to USD, was down by 3.02% to $51,084.0.

A mixed start to the day saw Bitcoin rise to an early morning high $52,888.0 before hitting reverse.

Falling short of the first major resistance level at $53,262, Bitcoin slid to a late morning current day low $50,600.0.

The sell-off saw Bitcoin fall through the first major support level at $51,570.

Steering clear of the 23.6% FIB of $50,473 and the second major support level at $50,464 was key early on.

BTCUSD 070921 Hourly Chart

The Rest of the Pack

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

At the time of writing, Ripple’s XRP was down by 7.45% to lead the way down.

Cardano’s ADA (-6.36%), Chainlink (-6.39%), and Crypto.com Coin (-6.47%) also saw heavy losses.

Binance Coin (-5.16%), Bitcoin Cash SV (-5.95%), Ethereum (-4.33%), Litecoin (-5.52%), and Polkadot (-2.42%) also struggled, however.

Through the early hours, the crypto total market cap rose to an early morning high $2,390bn before falling to a low $2,253bn. At the time of writing, the total market cap stood at $2,292bn.

Bitcoin’s dominance fell to an early morning low 41.45% before rising to a high 42.21%. At the time of writing, Bitcoin’s dominance stood at 41.93%.

For the Afternoon Ahead

Bitcoin would need to move back through the first major support level at $51,570 and the pivot at $52,156 to bring the first major resistance level at $53,262 into play.

Support from the broader market will be needed, however, for Bitcoin to breakout from this morning’s high $52,888.0.

Barring a broad-based crypto rebound resistance at $52,000 would likely pin Bitcoin back.

In the event of an extended rally through the afternoon, the first major resistance level at $53,262 would likely cap the upside. The Bitcoin bulls may need to wait for another day to revisit $55,000 levels.

Failure to move back through the first major support level at $51,570 would bring sub-$51,000 levels back into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$50,000.

The 23.6% FIB of $50,473 and the second major support level at $50,464 should limit the downside.

Looking beyond the support and resistance levels, we saw the 50 EMA pull away from the 100 and 200 EMAs early in the morning before narrowing.

The 100 EMA also pulled away from the 200 EMA adding further early support.

Through the mid-morning, however, a narrowing of the 50 and the 100 EMAs on the 200 weighed.

Key going into the afternoon would be a break back through to $52,000 levels.

A further narrowing of the 50 EMA on the 100 EMA, however, would bring sub-$51,000 levels back into play.