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

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

Bitcoin’s Day Prior Moves

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

BTCUSD 201221 Hourly Chart

Elsewhere, it was a mixed start to the day.

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

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

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

For the Bitcoin Day Ahead

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

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

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

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

 

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

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

Bitcoin’s Day Prior Moves

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

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

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

The Rest of the Pack

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

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

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

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

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

This Morning

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

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

BTCUSD 191221 Hourly Chart

Elsewhere, it was a mixed start to the day.

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

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

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

This Morning

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

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

BTCUSD 181221 Hourly Chart

Elsewhere, it was a bearish start to the day.

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

BTCUSD 171221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot were down by 3.66% and by 0.24% respectively to buck the early trend.

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

At the time of writing, Cardano’s ADA was up by 0.56% to lead the way.

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

BTCUSD 161221 Hourly Chart

Elsewhere, it was a bullish start to the day.

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

Litecoin led the way, rising by 4.04%.

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

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

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

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

This Morning

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

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

BTCUSD 151221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.02%), Chainlink (-0.12%), and Ripple’s XRP (-0.33%) joined Bitcoin (BTC) in the red.

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

At the time of writing, Crypto.com Coin was up by 2.45% to lead the way.

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

This Morning

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

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

BTCUSD 141221 Hourly Chart

Elsewhere, it was a bearish start to the day.

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

BTCUSD 131221 Hourly Chart

Elsewhere, it was a bearish start to the day.

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

This Morning

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

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

BTCUSD 121221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Chainlink (-0.14%) and Polkadot (-0.23%) bucked the early trend.

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

At the time of writing, Cardano’s ADA was up by 1.85% to lead the way.

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s (BTC) Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

This Morning

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

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

BTCUSD 111221 Hourly Chart

Elsewhere, it was a bearish start to the day.

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

This Morning

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

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

BTCUSD 101221 Hourly Chart

Elsewhere, it was a mixed start to the day.

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

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

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

Bitcoin Cash SV slid by 7.58% to lead the way down, with Crypto.com Coin (-4.17%) and Polkadot (-1.94%) also seeing red.

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Binance Coin was up by 1.30% to lead the way.

BTCUSD 091221 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

Bitcoin’s Day Prior Moves

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

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

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

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

The Rest of the Pack

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

Crypto.com Coin surged by 19.90% to lead the way, with Bitcoin Cash SV (5.95%), Chainlink (+6.18%), and Polkadot (+8.12%) finding strong support.

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

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

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

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

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

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

This Morning

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

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

BTCUSD 081221 Hourly Chart

Elsewhere, it was a bearish start to the day.

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

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

Bitcoin’s Day Prior

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

This Morning

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

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

BTCUSD 071221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.39%), Bitcoin Cash SV (-0.47%), Ethereum (-0.06%), and Polkadot (-0.34%) saw red early on.

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

At the time of writing, Crypto.com Coin was up by 12.09% to lead the way.

For the Bitcoin Day Ahead

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

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

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

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

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

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

Bitcoin Moves

Bitcoin, BTC to USD, rose by 0.47% on Sunday. Following an 8.23% tumble on Saturday, Bitcoin ended the week down by 13.70% to $49,474.

A mixed start to the day saw Bitcoin rise to a mid-morning intraday high $49,769 before hitting reverse. Falling well short of the first major resistance level at $54,874, Bitcoin fell to a mid-afternoon intraday low $47,860.

Steering clear of the 38.2% FIB of $44,144 and the first major support levels at $42,629, Bitcoin found late support to end the day in positive territory.

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

The Rest of the Pack

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

Ethereum rose by 1.90% to join Bitcoin in the green.

It was another bearish session for the rest of the majors, however.

Crypto.com Coin slid by 7.34% to lead the way down, with Bitcoin Cash SV (-6.58%) and Chainlink (-5.87%) close behind.

Binance Coin (-1.97%), Cardano’s ADA (-2.95%), Litecoin (-3.82%), Polkadot (-4.08%), and Ripple’s XRP (-4.85%) also struggled, however.

In the week, the crypto total market rose to a Wednesday high $2,712bn before sliding to a Saturday low $1,881bn. At the time of writing, the total market cap stood at $2,255bn.

Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Sunday low 40.21%. At the time of writing, Bitcoin’s dominance stood at 41.27%.

This Morning

At the time of writing, Bitcoin was down by 0.37% to $49,290. A mixed start to the day saw Bitcoin rise to an early morning high $49,522 before falling to a low $49,267.

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

BTCUSD 061221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Crypto.com Coin bucked the early trend, rising by 3.70%.

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

At the time of writing, Bitcoin Cash SV was down by 1.68% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $49,034 pivot to bring the first major resistance level at $50,209 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $50,000 levels.

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

In the event of an extended rally, Bitcoin could test resistance at $52,000 levels before easing back. The second major resistance level sits at $50,943.

A fall through the $49,034 pivot would bring the first major support level at $48,300 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $47,125.

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

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

Bitcoin, BTC to USD, tumbled by 8.23% on Saturday. Following a 5.01% fall on Friday, Bitcoin ended the day at $49,249.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $53,879 before hitting reverse. Falling well short of the first major resistance level at $57,080, Bitcoin tumbled to a mid-morning intraday low $41,634.

The extended sell-off saw Bitcoin fall through the 23.6% FIB of $53,628, the day’s major support levels, and the 38.2% FIB of $44,144.

Finding mid-morning support, however, Bitcoin returned to $49,000 levels. Bitcoin moved back through the third major support level at $41,674 and the second major support level at $47,940.

The partial recovery also saw Bitcoin move back through the 38.2% FIB of $44,144 to end the day at $49,200 levels.

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

The Rest of the Pack

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

Chainlink (-11.15%), Crypto.com Coin (-12.41%), and Litecoin (-13.40%) led the way down.

Bitcoin Cash SV (-x%), Cardano’s ADA (-8.66%), and Ripple’s XRP (-8.03%) also saw particularly heavy losses.

Binance Coin (-4.38%), Ethereum (-2.17%), and Polkadot (-4.91%) saw relatively modest losses, however.

In the current week, the crypto total market rose to a Wednesday high $2,712bn before sliding to a Saturday low $1,881bn. At the time of writing, the total market cap stood at $2,296bn.

Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Saturday low 40.66%. At the time of writing, Bitcoin’s dominance stood at 40.70%.

Key Drivers

Once more, the crypto markets became a victim of FED Monetary policy sentiment and a recoupling with the global financial markets.

A flight to safety late last week may have led to margin calls before considering the impact of the prospects of rising borrowing costs to fund crypto purchses. With Bitcoin and the broader market at elevated levels, profit taking likely hit those looking to buy on the dip…

This Morning

At the time of writing, Bitcoin was up by 0.19% to $49,344. A mixed start to the day saw Bitcoin fall to an early morning low $49,186 before rising to a high $49,670.

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

BTCUSD 051221 Hourly Chart

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV bucked the early trend, falling by 2.17%.

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

At the time of writing, Crypto.com Coin was up by 3.80% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,254 pivot to bring the 23.6% FIB of $53,628 and the first major resistance level at $54,874 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $50,000 levels.

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

In the event of an extended rally, Bitcoin could test resistance at $55,000 levels before easing back. The second major resistance level sits at $60,499.

A fall through the $48,254 pivot would bring the 38.2% FIB of $44,144 and the first major support level at $42,629 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 $36,009.

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

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

Bitcoin, BTC to USD, slid by 5.01% on Friday. Following a 1.26% loss on Thursday, Bitcoin ended the day at $53,687.

After mixed morning, Bitcoin rose to an early afternoon intraday high $57,599 before hitting reverse. Coming up against the first major resistance level at $57,324, Bitcoin slid to a late intraday low $51,333.

The extended sell-off saw Bitcoin fall through the day’s major support levels and the 23.6% FIB of $53,628.

Finding late support, however, Bitcoin broke back through the third major support level at $53,487 and the 23.6% FIB to end the day at $53,600 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to $51,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA slid by 9.47% to lead the way down, with Ethereum (-6.59%) and Litecoin (-7.52%) in the deep red.

Bitcoin Cash SV (-4.65%), Binance Coin (-3.96%), Chainlink (-5.07%), Crypto.com Coin (-4.77%), and Ripple’s XRP (-5.14%) also struggled, while Polkadot slipped by just 0.66%.

In the current week, the crypto total market rose to a Wednesday high $2,712bn before sliding to a Friday low $2,329bn. At the time of writing, the total market cap stood at $2,438bn.

Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Friday low 41.07%. At the time of writing, Bitcoin’s dominance stood at 41.69%.

This Morning

At the time of writing, Bitcoin was up by 0.22% to $53,805. A bullish start to the day saw Bitcoin rise from an early morning low $53,567 to a high $53,823.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.11%) and Litecoin (+0.20%) joined Bitcoin in positive territory 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 4.17% to lead the way down.

BTCUSD 041221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $54,206 pivot to bring the first major resistance level at $57,080 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $57,000 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $57,599 would likely cap the upside.

In the event of an extended rally, Bitcoin could test resistance at $60,000 levels before easing back. The second major resistance level sits at $60,472. Bitcoin would need plenty of support, however, to breakout from $58,500 levels.

Failure to move through the $54,206 pivot would bring the 23.6% FIB of $53,628 and the first major support level at $50,814 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$49,000 levels. The second major support level sits at $47,940.

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

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

Bitcoin, BTC to USD, fell by 1.26% on Thursday. Reversing a 0.44% gain from Wednesday, Bitcoin ended the day at $56,517.

A mixed morning saw Bitcoin rise to an early morning intraday high $57,390 before hitting reverse. Falling short of the first major resistance level at $58,695, Bitcoin slid to an early morning intraday low $55,842.

Bitcoin fell through the first major support level at $56,145 before briefly revising $57,300 levels. A bearish end to the day, however, saw Bitcoin fall back to sub-$57,000 and into the red.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$54,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA jumped by 11.18% to lead the way, with Bitcoin Cash SV (+0.47%) also bucking the trend on the day.

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

Crypto.com Coin slid by 6.52% to lead the way down.

Binance Coin (-1.21%), Chainlink (-3.16%), Ethereum (-1.58%), Litecoin (-2.56%), Polkadot (-1.57%), and Ripple’s XRP (-1.73%) also saw red.

In the current week, the crypto total market fell to a Tuesday low $2,490bn before rising to a Wednesday high $2,712bn. At the time of writing, the total market cap stood at $2,572bn.

Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Thursday low 41.13%. At the time of writing, Bitcoin’s dominance stood at 41.59%.

This Morning

At the time of writing, Bitcoin was up by 0.18% to $56,620. A mixed start to the day saw Bitcoin fall to an early morning low $56,466 before rising to a high $56,620.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Binance Coin (-0.03%), Cardano’s ADA (-0.52%), Crypto.com Coin (-0.52%), and Ripple’s XRP (-0.18%) saw red early on.

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

Chainlink was up by 0.41%, at the time of writing, to lead the way.

BTCUSD 031221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $56,583 pivot to bring the first major resistance level at $57,324 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $57,000 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $57,390 would likely cap the upside.

In the event of an extended rally, Bitcoin could test resistance at $58,500 levels before easing back. The second major resistance level sits at $58,131.

A fall back through the $56,583 pivot would bring the first major support level at $55,776 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level at $55,035 should limit the downside.

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

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

Bitcoin, BTC to USD, rose by 0.44% on Wednesday. Partially reversing a 1.51% gain from Tuesday, Bitcoin ended the day at $57,249.

After a mixed morning, Bitcoin rose to a late afternoon intraday high $59,055 before hitting reverse. Bitcoin broke through the first major resistance level at $58,794 before sliding to a late intraday low $56,505.

Steering clear of the first major support level at $55,519, however, Bitcoin moved back through to $57,200 levels and into the green.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$54,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot slid by 3.53% to lead the way down.

Bitcoin Cash SV (-1.17%), Cardano’s ADA (-0.45), Ethereum (-1.07%) and Ripple’s XRP (-0.66%) also saw red.

Crypto.com Coin rallied by 7.78% to lead the way, however, with Binance Coin (+0.85%), Chainlink (+0.07%), and Litecoin (+0.43%) also finding support.

In the current week, the crypto total market fell to a Tuesday low $2,490bn before rising to a Wednesday high $2,712bn. At the time of writing, the total market cap stood at $2,578bn.

Bitcoin’s dominance rose to a Monday high 43.01% before falling to a Wednesday low 41.17%. At the time of writing, Bitcoin’s dominance stood at 41.75%.

This Morning

At the time of writing, Bitcoin was down by 0.48% to $56,965. A bearish start to the day saw Bitcoin fall from an early morning high $57,239 to a low $56,941.

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

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

At the time of writing, Crypto.com Coin was down by 5.31% to lead the way down.

BTCUSD 021221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $57,600 pivot to bring the first major resistance level at $58,695 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $59,055 would likely cap the upside.

In the event of an extended rally, Bitcoin could test resistance at $61,000 levels before easing back. The second major resistance level sits at $60,150.

Failure to move through the $57,600 pivot would bring the first major support level at $56,145 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level at $55,050 should limit the downside.

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

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

Bitcoin, BTC to USD, fell by 1.51% on Tuesday. Reversing a 0.89% gain from Monday, Bitcoin ended the day at $56,966.

A bearish start to the day saw Bitcoin fall to a mid-morning intraday low $55,899 before making a move.

The reversal saw Bitcoin fall through the first major support level at $56,773 before rising to a mid-afternoon intraday high $59,174. Bitcoin broke through the first major resistance level at $58,897 before falling back to end the day at sub-$57,000 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$54,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $28,814 to form a near-term bearish trend.

The Rest of the Pack

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

Ethereum (+4.16%) and Polkadot (+3.78%) led the way.

Chainlink (+1.25%), Litecoin (+1.05%), and Ripple’s XRP (+0.86%) also found support.

Binance Coin (-0.24%), Bitcoin Cash SV (-0.45%), Cardano’s ADA (-3.05) and Crypto.com Coin (-6.50%) joined Bitcoin in the red, however.

Early in the week, the crypto total market fell to a Monday low $2,504bn before rising to a Tuesday high $2,699bn. At the time of writing, the total market cap stood at $2,608bn.

Bitcoin’s dominance rose to a Monday high 42.92% before falling to a Tuesday low 41.45%. At the time of writing, Bitcoin’s dominance stood at 41.59%.

This Morning

At the time of writing, Bitcoin was up by 0.76% to $57,398. A mixed start to the day saw Bitcoin fall to an early morning low $56,712 before rising to a high $57,550.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Crypto.com Coin was down by 0.11% to buck the early trend.

It was a bullish start for the rest of the majors, however, with Ethereum up by 1.34% to lead the way.

BTCUSD 011221 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $57,346 pivot to bring the first major resistance level at $58,794 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $59,174 would likely cap the upside.

In the event of an extended rally, Bitcoin could test resistance at $63,000 levels before easing back. The second major resistance level sits at $60,621.

A fall back through the $57,346 pivot would bring the first major support level at $55,519 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,071.