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

Bitcoin, BTC to USD, fell by 2.54% on Tuesday. Partially reversing a 5.14% gain from Monday, Bitcoin ended the day at $56,009.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $57,661.0 before hitting reverse.

Falling short of the first major resistance level at $58,730, Bitcoin slid to a late intraday low $53,837.5.

Bitcoin fell through the first major support level at $55,339 before a partial recovery to $56,000 levels.

The near-term bullish trend remained intact, supported the latest return to $57,000 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.

Binance Coin rallied by 7.54%, with Polkadot ending the day up by 5.76% to buck the broader trend.

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

Crypto.com Coin slid by 6.12% to lead the way down, with Bitcoin Cash SV ending the day down by 4.55%.

Cardano’s ADA (-2.51%), Chainlink (-2.35%), Litecoin (-3.64%), and Ripple’s XRP (-2.95%) also struggled.

Ethereum saw a more modest 1.46% loss on the day, however.

Early in the week, the crypto total market rose to a Monday high $2,428bn before falling to a Tuesday low $2,210bn. At the time of writing, the total market cap stood at $2,340bn.

Bitcoin’s dominance fell to a Monday low 44.83% before rising to a Tuesday high 46.00%. At the time of writing, Bitcoin’s dominance stood at 45.32%.

This Morning

At the time of writing, Bitcoin was up by 0.46% to $56,266.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,819.0 before rising to a high $56,275.0

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP bucked the early trend, falling by 0.41%.

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

At the time of writing, Bitcoin Cash SV was up by 2.26% to lead the way.

BTCUSD 131021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $55,803 pivot to bring the first major resistance level at $57,868 into play.

Support from the broader market would be needed for Bitcoin to break back through to $57,000 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 $60,000 levels before any pullback. The second major resistance level sits at $59,726.

A fall through the $55,803 would bring the first major support level at $53,944 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$53,000, The second major support level sits at $51,879.

Bitcoin Price Prediction – Bulls Target $60,000. Avoiding sub-$56,000 Will be Key, However

After a mixed start to the week for Bitcoin and the broader market on Monday, it’s been a broadly bearish morning…

At the time of writing, Bitcoin, BTC to USD, was down by 0.33% to $57,300.0.

A mixed start to the day saw Bitcoin fall to an early morning low $56,440.0 before making a move.

Steering clear of the first major support level at $55,339, Bitcoin rose to a mid-morning high $57,661.0.

Falling short of the first major resistance level at $58,730, however, Bitcoin eased back to sub-$57,500 levels and into the red.

BTCUSD 121021 Hourly Chart

The Rest of the Pack

It has been a bearish morning.

At the time of writing, Bitcoin Cash SV and Crypto.com Coin were down by 4.12% and by 4.39% respectively to lead the way down.

Chainlink (-3.80%), Litecoin (-3.14%), and Ripple’s XRP (-3.50%) also struggled.

Binance Coin (-2.46%), Cardano’s ADA (-2.78%),  Ethereum (-1.87%), and Polkadot (-2.49%) saw relatively modest losses, however.

Through the early hours, the crypto total market cap rose to an early morning high $2,357bn before falling to a low $2,301bn. At the time of writing, the total market cap stood at $2,327bn.

Bitcoin’s dominance fell to an early morning low 45.91% before rising to a high 46.38%. At the time of writing, Bitcoin’s dominance stood at 46.36%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $56,580 pivot to bring the first major resistance level at $58,730 into play.

Support from the broader market will be needed, however, for Bitcoin to break out from the morning high $57,661.0.

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

In the event of another extended rally through the afternoon, Bitcoin could test resistance at the $60,000 levels before any pullback. The second major resistance level sits at $59,971.

A fall back through the $56,580 pivot would bring the first major support level at $55,339 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$55,000 support levels. The second major support level sits at $53,189.

Looking beyond the support and resistance levels, we saw the 50 EMA pull further away from the 100 and 200 EMAs through the late morning.

We also saw the 100 EMA pull away from the 200 EMA delivering further support.

Through the 2nd half of the day, a further widening of the 50 EMA from the 100 would bring $60,000 levels and beyond into play.

Key through the late morning and early afternoon, however, would be to avoid a fall back through $56,580 pivot.

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

Bitcoin, BTC to USD, rose by 5.14% on Monday. Reversing a 0.52% decline from Sunday, Bitcoin ended the day at $57,489.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $54,430.0 before making a move.

Steering clear of the first major support level at $53,720, Bitcoin rose to a late intraday high $57,821.0.

Bitcoin broke through the first major resistance level at $56,056 and the second major resistance level at $57,421.

A late pullback saw Bitcoin briefly fall back through the second major resistance level to sub-$57,000 levels.

Finding late support, however, Bitcoin wrapped up the day at $57,480 levels.

The near-term bullish trend remained intact, supported the latest return to $57,000 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 Monday.

Polkadot slid by 5.73% to lead the way down, with Chainlink falling by 1.74%.

Cardano’s ADA (-0.83%), also saw red on the day.

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

Ethereum rose by 3.74% to lead the way, with Binance Coin (+2.23%), Bitcoin Cash SV (+2.50%), and Litecoin (+2.53%) also finding strong support.

Crypto.com Coin (+1.21%) and Ripple’s XRP (+0.21%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $2,272bn before rising to a Monday high $2,382bn. At the time of writing, the total market cap stood at $2,334bn.

Bitcoin’s dominance fell to a Monday low 44.83% before rising to a Monday high 46.18%. At the time of writing, Bitcoin’s dominance stood at 45.93%.

This Morning

At the time of writing, Bitcoin was down by 0.98% to $56,927.0. A bearish start to the day saw Bitcoin fall from an early morning high $57,470.0 to a low $56,888.0.

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 1.90% to lead the way down.

BTCUSD 121021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $56,580 pivot to bring the first major resistance level at $58,730 into play.

Support from the broader market would be needed for Bitcoin to break back through to $58,000 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 $60,000 levels before any pullback. The second major resistance level sits at $59,971.

A fall through the $56,580 would bring the first major support level at $55,339 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000, The second major support level sits at $53,189.

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

Bitcoin, BTC to USD, fell by 0.52% on Sunday. Partially reversing a 1.89% gain from Saturday, Bitcoin ended the week up by 13.37% to $54,691.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $54,114.0 before making a move.

Steering clear of the first major support level at $53,939, Bitcoin rose to a late intraday high $56,450.0.

Bitcoin broke through the first major resistance level at $55,736 before falling back to sub-$55,000 levels and into the red.

Late in the day, the second major resistance level at $56,504 pegged Bitcoin back.

The near-term bullish trend remained intact, supported the latest return to $56,000 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.

Chainlink slid by 6.52% to lead the way down.

Binance Coin (-4.20%), Bitcoin Cash SV (-3.60%), Cardano’s ADA (-3.48%), Ethereum (-4.48%), and Polkadot (-4.75%) also saw deep red.

Crypto.com Coin (-0.36%), Litecoin (-2.82%), Ripple’s XRP (-2.09%) saw relatively modest losses, however.

It was a mixed week for the majors, however, in the week ending 10th October

Binance Coin (-6.14%), Chainlink (6.94%), and Polkadot (-5.42%) led the way down.

Cardano’s ADA (-2.78%) and Ethereum (-0.15%) also struggled.

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

Bitcoin Cash SV jumped by 19.28% to lead the way.

Crypto.com Coin (+6.24%), Litecoin (+2.49%), and Ripple’s XRP (+7.67%) also joined Bitcoin in the green.

In the week, the crypto total market fell to a Monday low $2,009bn before rising to a Friday high $2,425bn. At the time of writing, the total market cap stood at $2,287bn.

Bitcoin’s dominance fell to a Tuesday low 42.52% before rising to a Wednesday high 45.62%. At the time of writing, Bitcoin’s dominance stood at 44.97%.

This Morning

At the time of writing, Bitcoin was down by 0.40% to $54,473.0. A mixed start to the day saw Bitcoin rise to an early morning high $54,681.0 before falling to a low $54,461.0.

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 1.32% to lead the way down.

BTCUSD 111021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $55,085 pivot to bring the first major resistance level at $56,056 into play.

Support from the broader market would be needed for Bitcoin to break back through to $56,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $56,450.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $58,000 levels before any pullback. The second major resistance level sits at $57,421.

Failure to move through the $55,085 would bring the first major support level at $53,720 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$52,000, The second major support level at $52,749 should limit the downside.

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

Bitcoin, BTC to USD, rose by 1.89% on Saturday. Following a 0.28% gain on Friday, Bitcoin ended the day at $54,968.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,678.0 before making a move.

Steering clear of the first major support level at $53,051, Bitcoin rose to an early afternoon intraday high $55,475.0.

Bitcoin broke through the first major resistance level at $55,422 before falling back to sub-$54,500 levels.

Finding late support, however, Bitcoin tested resistance at $55,000 before easing back.

The near-term bullish trend remained intact, supported the latest return to $56,000 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 bucked the trend, falling by 0.45%.

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

Ripple’s XRP jumped by 9.03% to lead the way, with Polkadot (+6.96%) close behind.

Bitcoin Cash SV (+2.16%), Chainlink (+3.98%), and Litecoin (+2.29%) also found strong support.

Binance Coin (+0.65%), Cardano’s ADA (+1.43%), Ethereum (+0.33%), trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $2,009bn before rising to a Friday high $2,425bn. At the time of writing, the total market cap stood at $2,351bn.

Bitcoin’s dominance fell to a Tuesday low 42.52% before rising to a Wednesday high 45.62%. At the time of writing, Bitcoin’s dominance stood at 43.98%.

This Morning

At the time of writing, Bitcoin was down by 0.11% to $54,907.0. A mixed start to the day saw Bitcoin rise to an early morning high $54,984.0 before falling to a low $54,871.0.

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, Litecoin was down by 0.74% to lead the way down.

BTCUSD 101021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $54,707 pivot to bring the first major resistance level at $55,736 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $55,475.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $56,000.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $58,000 levels before any pullback. The second major resistance level sits at $56,504.

A fall through the $54,707 would bring the first major support level at $53,939 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$52,000, The second major support level at $52,910 should limit the downside.

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

Bitcoin, BTC to USD, rose by 0.28% on Friday. Partially reversing a 2.78% fall from Thursday, Bitcoin ended the day at $53,947.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,628.0 before making a move.

Steering clear of the first major support level at $53,034, Bitcoin rose to a late morning intraday high $56,000.0.

Bitcoin broke through the first major resistance level at $54,954.

Coming within range of the second major resistance level at $56,112, however, Bitcoin fell back to end the day at sub-$54,000 levels.

The near-term bullish trend remained intact, supported the latest return to $56,000 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.

Crypto.com Coin bucked the trend, rising by 3.03%.

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

Binance Coin led the way down, sliding by 4.40%.

Bitcoin Cash SV (-2.65%), Cardano’s ADA (-1.79%), Chainlink (-1.71%), Litecoin (-1.53%), and Polkadot (-2.14%) also struggled.

Ethereum (-0.69%) and Ripple’s XRP (-0.53%) saw relatively modest losses, however.

In the current week, the crypto total market fell to a Monday low $2,082bn before rising to a Friday high $2,424bn. At the time of writing, the total market cap stood at $2,303bn.

Bitcoin’s dominance fell to a Monday low 42.06% before rising to a Wednesday high 45.04%. At the time of writing, Bitcoin’s dominance stood at 43.94%.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $53,819.6. A mixed start to the day saw Bitcoin rise to an early morning high $53,964.0 before falling to a low $53,678.0.

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 led the way down, falling by 1.40%.

BTCUSD 091021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $54,525 pivot to bring the first major resistance level at $55,422 into play.

Support from the broader market would be needed for Bitcoin to break back through to $55,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Friday’s high $56,000.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $58,000 levels before any pullback. The second major resistance level sits at $56,896.

Failure to move through the $54,525 would bring the first major support level at $53,051 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$52,000, The second major support level at $52,154 should limit the downside.

Bitcoin Price Prediction – Bulls Continue to Eye a Return to $60,000…

After another mixed day for Bitcoin and the broader market on Thursday, it’s been a broadly bullish Friday morning…

At the time of writing, Bitcoin, BTC to USD, was up by 2.92% to $55,369.0.

A mixed start to the day saw Bitcoin fall to an early morning low $53,618.0 before making a move.

Steering clear of the first major support level at $53,034, Bitcoin rallied to a late morning intraday high $56,000.0.

Bitcoin broke through the first major resistance level at $54,954 to hold onto $55,000 levels.

The second major resistance level at $56,112 pegged Bitcoin back in the late morning.

BTCUSD 081021 Hourly Chart

The Rest of the Pack

It has been a mixed morning.

Binance Coin and Polkadot bucked the morning trend, falling by 0.62% and by 3.82% respectively.

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

At the time of writing, Crypto.com Coin was up by 5.13% to lead the way.

Chainlink (+1.22%), Ethereum (+1.19%), and Litecoin (+1.05%) also found relatively strong support.

Bitcoin Cash SV (+0.21%), Cardano’s ADA (+0.25%), and Ripple’s XRP (+0.88%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $2,304bn before rising to a high $2,381bn. At the time of writing, the total market cap stood at $2,361bn.

Bitcoin’s dominance fell to an early morning high 43.78% before rising to a high 44.39%. At the time of writing, Bitcoin’s dominance stood at 44.17%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $54,954 to bring the second major resistance level at $56,112 back into play.

Support from the broader market will be needed, however, for Bitcoin to break out from the morning high $56,000.0.

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

In the event of another extended rally through the afternoon, Bitcoin could test resistance at the $60,000 levels before any pullback. The third major resistance level sits at $58,032.

A fall back through the first major resistance level and the $54,192 pivot would bring the first major support level at $53,034 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$52,000 support levels. The second major support level at $52,272 should limit the downside.

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

We also saw the 100 EMA pull away from the 200 EMA delivering further support.

Through the 2nd half of the day, a further widening of the 50 EMA from the 100 would bring $60,000 levels and beyond into play.

Key through the late morning and early afternoon, however, would be to avoid a fall back through the first major resistance level at $54,954.

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

Bitcoin, BTC to USD, fell by 2.78% on Thursday. Partially reversing a 7.45% rally from Wednesday, Bitcoin ended the day at $53,797.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $55,349.0 before hitting reverse.

Falling well short of the first major resistance level at $57,239, Bitcoin slid to an early afternoon intraday low $53,429.0.

Steering clear of the first major support level at $51,934, however, Bitcoin revisited $54,600 levels before ending the day at sub-$54,000 levels.

The near-term bullish trend remained intact, supported the latest return to $55,000 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 and Ripple’s XRP fell by 0.66% and by 0.78% respectively to join Bitcoin in the red.

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

Bitcoin Cash SV jumped by 19.38% to lead the way, with Polkadot (+8.54%) and Cardano’s ADA (+3.11%) also finding strong support.

Binance Coin (+0.83%), Chainlink (+0.07%), Ethereum (+0.34%), and Litecoin (+0.06%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $2,082bn before rising to a Wednesday high $2,404bn. At the time of writing, the total market cap stood at $2,315bn.

Bitcoin’s dominance fell to a Monday low 42.06% before rising to a Wednesday high 45.04%. At the time of writing, Bitcoin’s dominance stood at 43.88%.

This Morning

At the time of writing, Bitcoin was up by 0.28% to $53,949.0. A mixed start to the day saw Bitcoin fall to an early morning low $53,754.0 before rising to a high $53,987.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.65%), Crypto.com Coin (-0.10%), and Polkadot (-0.02%) bucked the early trend.

It’s been a bullish start for the rest of the majors, however.

At the time of writing, Litecoin was up by 0.71% to lead the way.

BTCUSD 081021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $54,192 pivot to bring the first major resistance level at $54,954 into play.

Support from the broader market would be needed for Bitcoin to break out from $54,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Thursday’s high $55,349.0 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $57,000 levels before any pullback. The second major resistance level sits at $56,112.

Failure to move through the $54,192 would bring the first major support level at $53,034 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$52,000, The second major support level at $52,272 should limit the downside.

Bitcoin Price Prediction – Having Hit $55,000, the Bitcoin Bulls Will be Eyeing $60,000…

After a mixed day for Bitcoin and the broader market on Wednesday, it’s been a testy morning…

At the time of writing, Bitcoin, BTC to USD, was down by 2.44% to $53,986.0.

A mixed start to the day saw Bitcoin rise to an early morning high $55,349.0 before hitting reverse.

Falling well short of the first major resistance level at $57,239, Bitcoin slid to a late morning low $53,838.

Avoiding the first major support level at $51,934, however, Bitcoin found support to return to $54,000 levels.

BTCUSD 071021 Hourly Chart

The Rest of the Pack

It has been a mixed morning.

Bitcoin Cash SV was up by 11.89% to lead the way, with Polkadot (+5.74%) finding much needed support.

Binance Coin (+1.41%), Cardano’s ADA (+3.79%), Chainlink (+0.04%), and Litecoin (+1.62%) also avoided the red.

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

Crypto.com Coin (-0.91%), Ethereum (-0.77%), and Ripple’s XRP (-0.38%) joined Bitcoin in the red.

Through the early hours, the crypto total market cap fell to an early morning low $2,263bn before rising to a high $2,327bn. At the time of writing, the total market cap stood at $2,295bn.

Bitcoin’s dominance rose to an early morning high 45.23% before falling to a low 44.11%. At the time of writing, Bitcoin’s dominance stood at 44.31%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $53,839 pivot to bring the first major resistance level at $57,239 back into play.

Support from the broader market will be needed, however, for Bitcoin to break out from Wednesday’s high $55,743.0.

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

In the event of another extended rally through the afternoon, Bitcoin could test resistance at the $60,000 levels before any pullback. The second major resistance level sits at $59,144.

A fall back through the $53,839 pivot would bring the first major support level at $51,934 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$50,000 support levels and the second major support level at $48,534.

The 23.6% FIB of $50,473 should limit any downside.

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

We also saw the 100 EMA pull away from the 200 EMA limiting the morning losses.

Through the 2nd half of the day, a further widening of the 50 EMA from the 100 would bring $57,000 levels and beyond into play.

Key through the late morning and early afternoon, however, would be to avoid a fall back through the $53,839 pivot.

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

Bitcoin, BTC to USD, rallied by 7.45% on Wednesday. Following a 4.58% gain on Tuesday, Bitcoin ended the day at $55,335.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $50,438.0 before making a move.

While steering clear of the first major support level at $49,741, Bitcoin fell through the 23.6% FIB of $50,473.

Finding late morning support, however, Bitcoin rallied to a late intraday high $55,743.0.

Bitcoin broke through the first major resistance level at $52,298 and the second major resistance level at $53,689.

The breakout also saw Bitcoin break back through the 23.6% FIB of $50,473 to end the day at $55,000 levels.

The near-term bullish trend remained intact, supported the latest return to $55,000 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 4.57% to lead the way down.

Binance Coin (-1.70%), Cardano’s ADA (-1.07%), Chainlink (-1.47%), and Ripple’s XRP (-0.38%) also saw red on the day.

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

Crypto.com Coin rallied by 5.46% to lead the way.

Bitcoin Cash SV (+1.33%), Ethereum (+1.64%), and Litecoin (+2.70%) also found support.

In the current week, the crypto total market fell to a Monday low $2,082bn before rising to a Wednesday high $2,402bn. At the time of writing, the total market cap stood at $2,293bn.

Bitcoin’s dominance fell to a Monday low 42.06% before rising to a Wednesday high 45.08%. At the time of writing, Bitcoin’s dominance stood at 45.09%.

This Morning

At the time of writing, Bitcoin was down by 0.84% to $54,868.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,349.0 before falling to a low $54,814.0.

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, Bitcoin Cash SV was down by 1.82% to lead the way down.

BTCUSD 071021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $53,839 pivot to bring the first major resistance level at $57,239 into play.

Support from the broader market would be needed for Bitcoin to break out from $56,500 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 $60,000 levels before any pullback. The second major resistance level sits at $59,144.

A fall through the $53,839 would bring the first major support level at $51,934 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 and the second major support level at $48,534. The 23.6% FIB of $50,473 should limit the downside.

Bitcoin Price Prediction – Bulls Eye $55,000…

After a bullish day for Bitcoin and the broader market on Tuesday, it’s been a testy morning…

At the time of writing, Bitcoin, BTC to USD, was down by 0.07% to $51,472.9.

A mixed start to the day saw Bitcoin rise to an early morning high $51,829.0 before hitting reverse.

Falling short of the first major resistance level at $52,598, Bitcoin slid to a late morning low $50,438.

Avoiding the first major support level at $49,741, Bitcoin found support at the 23.6% FIB of $50,473.

Bitcoin and Crypto market

The Rest of the Pack

It has been a mixed morning.

Crypto.com Coin bucked the morning trend, rising by 0.80%.

The rest of the crypto majors have struggled, however.

Chainlink and Polkadot led the way down, sliding by 5.99% and by 5.39% respectively.

Binance Coin (-4.61%), Cardano’s ADA (-4.19%), Ethereum (-3.67%), Litecoin (-3.68%), and Ripple’s XRP (-4.56%) also struggled

Bitcoin Cash SV saw a more modest 2.35% loss, however.

Through the early hours, the crypto total market cap rose to an early morning high $2,237bn before falling to a low $2,151bn. At the time of writing, the total market cap stood at $2,187bn.

Bitcoin’s dominance fell to an early morning low 43.34% before rising to a high 44.37%. At the time of writing, Bitcoin’s dominance stood at 44.32%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $50,832 pivot to bring the first major resistance level at $52,598 back into play.

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

Barring a broad-based crypto rally, the first major resistance level and resistance at $53,000 would likely cap any upside.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the $55,000 levels before any pullback. The second major resistance level sits at $53,689.

A fall through the $50,832 pivot would bring 23.6% FIB of $50,473 and the first major support level at $49,741 back into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$49,000 support levels. The second major support level sits at $47,975.

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

We also saw the 100 EMA pull away from the 200 EMA providing further support.

Through the 2nd half of the day, a further widening of the 50 EMA from the 100 would bring $55,000 levels into play.

Key through the late morning and early afternoon, however, would be to avoid the $50,832 pivot.

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

Bitcoin, BTC to USD, rallied by 4.58% on Tuesday. Following a 2.10% gain on Monday, Bitcoin ended the day at $51,508.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $49,065.0 before making a move.

Steering clear of the first major support level at $47,598, Bitcoin rallied to a late intraday high $51,922.0.

Bitcoin broke through the first major resistance level at $50,204 and the second major resistance level at $51.167.

The breakout also saw Bitcoin break through the 23.6% FIB of $50,473 to end the day at $51,500 levels.

The near-term bullish trend remained intact, supported the latest return to $51,000 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.

Polkadot slid by 3.60% to buck the trend on the day.

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

Binance Coin (+3.73%), Ethereum (+3.79%), Litecoin (+3.71%), and Ripple’s XRP (+3.95%) led the way.

Bitcoin Cash SV (+2.76%), Cardano’s ADA (+1.91%), Chainlink (+2.43%), and Crypto.com Coin, (+1.77%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $2,082bn before rising to a Tuesday high $2,293bn. At the time of writing, the total market cap stood at $2,235bn.

Bitcoin’s dominance fell to a Monday low 42.06% before rising to a Tuesday high 43.50%. At the time of writing, Bitcoin’s dominance stood at 43.32%.

This Morning

At the time of writing, Bitcoin was down by 0.17% to $51,423.0. A mixed start to the day saw Bitcoin rise to an early morning high $51,520.0 before falling to a low $51,235.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-0.09%), Polkadot (-0.11%), and Ripple’s XRP (-0.21%) joined Bitcoin in the red early on.

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

At the time of writing, Crypto.com Coin was up by 1.11% to lead the way.

BTCUSD 061021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $50,832 pivot to bring the first major resistance level at $52,598 into play.

Support from the broader market would be needed for Bitcoin to break back through to $52,000 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 $55,000 levels before any pullback. The second major resistance level sits at $53,689.

A fall through the $50,832 would bring the 23.6% FIB of $50,473 and the first major support level at $49,741 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$49,000. The second major support level sits at $47,975.

Bitcoin Price Prediction – Bulls Eye a Return to $53,000

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

At the time of writing, Bitcoin, BTC to USD, was up by 1.41% to $49,947.9.

A mixed start to the day saw Bitcoin fall to an early morning low $49,065.0 before making a move.

Steering clear of the first major support level at $47,598, Bitcoin rallied to a late morning high $50,350.1.

Bitcoin broke through the first major resistance level at $50,204 before easing back to sub-$50,000.

The Rest of the Pack

It has also been a bullish morning.

Through the morning, Binance Coin (+3.23%), Crypto.com Coin (+3.54%), and Litecoin (+3.38%) led the way.

Cardano’s ADA (+1.83%), Chainlink (+1.57%), Ethereum (+1.63%), and Ripple’s XRP (+1.51%) also found strong support.

Bitcoin Cash SV (+0.85%) and Polkadot (+1.04%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $2,156bn before rising to a high $2,213bn. At the time of writing, the total market cap stood at $2,200bn.

Bitcoin’s dominance fell to a mid-morning low 42.76% before rising to a high 43.03%. At the time of writing, Bitcoin’s dominance stood at 42.83%.

For the Afternoon Ahead

Bitcoin would need to avoid the $48,551 pivot to bring the first major resistance level at $50,204 back into play.

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

Barring a broad-based crypto rebound, the 23.6% FIB of $50,473 would likely cap any upside.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the $53,000 levels before any pullback. The second major resistance level sits at $51,157.

A fall through the $48,551 pivot would bring the first major support level at $47,598 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$46,500 support levels. The second major support level sits at $45,945.

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

We also saw the 100 EMA pull away from the 200 EMA providing further support.

Through the 2nd half of the day, a further widening of the 50 EMA from the 100 would bring $52,000 levels into play.

Key through the late morning and early afternoon, however, would be to avoid the $48,551 pivot.

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

Bitcoin, BTC to USD, rose by 2.10% on Monday. Following a 1.24% gain on Sunday, Bitcoin ended the day at $49,252.0.

After a mixed start to the day, Bitcoin fell to a mid-afternoon intraday low $46,897.0 before making a move.

Bitcoin fell through the first major support level at $47,176 before rallying to a late afternoon intraday high $49,503.0.

The rally saw Bitcoin break through the first major resistance level at $49,252 before a pullback to sub-$49,000 levels.

Finding late support, Bitcoin broke back through to $49,000 levels. The first major resistance level pegged Bitcoin back at the day end, however.

The near-term bullish trend remained intact, supported the latest return to $49,000 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 Monday.

Bitcoin Cash SV bucked the trend, rising by 0.09% to join Bitcoin in the green.

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

Polkadot slid by 4.99% to lead the way down, with Cardano’s ADA (-2.70%), Chainlink (-3.56%), Crypto.com Coin, (-2.50%), and Litecoin (-1.79%) also struggling.

Binance Coin (-0.98%), Ethereum (-0.95%), and Ripple’s XRP (-1.20%) saw relatively modest losses, however.

Early in the week, the crypto total market fell to a Monday low $2,082bn before rising to a Monday high $2,181bn. At the time of writing, the total market cap stood at $2,170bn.

Bitcoin’s dominance fell to a Monday low 42.06% before rising to a Monday high 42.88%. At the time of writing, Bitcoin’s dominance stood at 42.86%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $49,405.0. A mixed start to the day saw Bitcoin fall to an early morning low $49,065.0 before rising to a high $49,486.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Polkadot bucked the early trend, with losses of 0.42% and 0.52% respectively.

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

At the time of writing, Crypto.com Coin was up by 2.34% to lead the way.

BTCUSD 051021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,551 pivot to bring the first major resistance level at $50,204 and the 23.6% FIB of $50,473 into play.

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

Barring a broad-based crypto rally, the 23.6% FIB of $50,473 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $54,000 levels before any pullback. The second major resistance level sits at $53,763.

A fall through the $48,551 would bring the first major support level at $47,598 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$46,500. The second major support level sits at $45,945.

Bitcoin Price Prediction – Bears in Control, Eyeing sub-$47,000 Levels

After a bullish week for Bitcoin and the majors, it’s been a bearish Monday morning.

At the time of writing, Bitcoin, BTC to USD, was down by 1.53% to $47,504.0.

A mixed start to the day saw Bitcoin rise to an early morning high $48,289.0 before hitting reverse.

Falling short of the first major resistance level at $49,252, Bitcoin fell to an early morning low $47,287.0.

Steering clear of the first major support level at $47,176, Bitcoin moved back through to $47,500 levels to reduce the deficit.

BTCUSD 041021 Hourly Chart

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 4.49% to lead the way down.

Binance Coin (-2.94%), Cardano’s ADA (-3.53%), Litecoin (-3.06%), Polkadot (-2.85%), and Ripple’s XRP (-2.74%) also struggled.

Bitcoin Cash SV (-2.36%), Crypto.com Coin (-2.40%), and Ethereum (-2.58%) saw relatively modest losses, however.

Through the early hours, the crypto total market cap rose to an early morning high $2,158bn before falling to a low $2,099bn. At the time of writing, the total market cap stood at $2,117bn.

Bitcoin’s dominance fell to an early morning low 42.13% before rising to a high 42.45%. At the time of writing, Bitcoin’s dominance stood at 42.28%.

For the Afternoon Ahead

Bitcoin would need to move back through the $48,186 pivot to bring the first major resistance level at $49,252 into play.

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

Barring a broad-based crypto rebound, the first major resistance level and Sunday high $49,196.0 would likely cap any upside.

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 $50,262.

Failure to move back through the $48,186 pivot would bring the first major support level at $47,176 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$46,000 support levels. The second major support level at $46,110 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 morning.

We saw the 100 EMA pull away marginally from the 200 EMA, however, limiting the damage.

Through the 2nd half of the day, a further narrowing of the 50 EMA on the 100 would bring the first major support level back into play.

Key through the late morning and early afternoon, however, would be to move back through the $48,186 pivot to avoid sub-$47,000 support levels.

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

Bitcoin, BTC to USD, rose by 1.24% on Sunday. Partially reversing a 1.05% loss from Saturday, Bitcoin ended the week up by 11.70% to $48,242.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $47,120.0 before making a move.

Bitcoin fell through the first major support level at $47,275 before rallying to a late afternoon intraday high $49,196.0.

The rally saw Bitcoin break through the first major resistance level at $48,187 and the second major resistance level at $48,724.

Falling short of the third major resistance level at $49,636, Bitcoin slid back through the resistance levels to sub-$48,000 levels.

Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $48,200 levels.

The near-term bullish trend remained intact, supported the latest return to $49,000 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.

Polkadot (-0.95%) saw red to buck the trend on the day.

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

Bitcoin Cash SV rallied by 4.40% to lead the way.

Chainlink (+2.11%), Crypto.com Coin (+1.75%), and Ripple’s XRP (+1.76%) also found strong support.

Binance Coin (+0.79%), Cardano’s ADA (+0.18%), Ethereum (+0.93%), and Litecoin (+0.99%) trailed the front runners, however.

It was also a mixed week ending 3rd October for the crypto majors.

Polkadot fell by 0.33% to buck the trend.

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

Binance Coin rallied by 25.07% to lead the way.

Bitcoin Cash SV (+11.90%), Chainlink (+12.04%), Crypto.com Coin (+12.42%), Ethereum (+11.74%), Litecoin (+13.22%), and Ripple’s XRP (+11.74%) also found strong support.

Cardano’s ADA (+1.99%) trailed the front runners, however.

In the week, the crypto total market fell to a Wednesday low $1,808bn before rising to a Sunday high $2,203bn. At the time of writing, the total market cap stood at $2,151bn.

Bitcoin’s dominance fell to a Friday low 41.29% before rising to a Saturday high 42.81%. At the time of writing, Bitcoin’s dominance stood at 42.14%.

This Morning

At the time of writing, Bitcoin was down by 0.22% to $48,138.0. A mixed start to the day saw Bitcoin rise to an early morning high $48,289.0 before falling to a low $48,019.0.

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 0.38%

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

At the time of writing, Chainlink was down by 0.79% to lead the way down.

BTCUSD 041021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $48,186 pivot to bring the first major resistance level at $49,252 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 and Sunday’s high $49,196.0 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 $50,262.

Failure to move back through the $48,186 would bring the first major support level at $47,176 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$47,000. The second major support level sits at $46,110.

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

Bitcoin, BTC to USD, fell by 1.05% on Saturday. Consolidating Friday’s 9.86% rally, Bitcoin ended the day at $47,649.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $47,438.0 before making a move.

Steering well clear of the first major support level at $44,820, Bitcoin rallied to an early afternoon intraday high $48,350.0.

Falling short the first major resistance level at $49,973, however, Bitcoin fell back to sub-$48,000 and into the red.

The near-term bullish trend remained intact, supported the latest return to sub-$48,000 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 rallied by 3.81% to lead the way.

Binance Coin (+1.36%), Chainlink (+2.46%), Ethereum (+2.31%), Litecoin (+1.65%), and Polkadot (+1.31%) found support on the day.

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

Bitcoin Cash SV (-0.76%), Cardano’s ADA (-0.40), and Ripple’s XRP (-0.37%) joined Bitcoin in the red.

In the current week, the crypto total market fell to a Wednesday low $1,808bn before rising to a Saturday high $2,190bn. At the time of writing, the total market cap stood at $2,137bn.

Bitcoin’s dominance fell to a Thursday low 41.77% before rising to a Saturday high 42.65%. At the time of writing, Bitcoin’s dominance stood at 42.11%.

This Morning

At the time of writing, Bitcoin was up by 0.24% to $47,762.0. A mixed start to the day saw Bitcoin fall to an early morning low $47,632.0 before rising to a high $47,789.0.

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, falling by 0.99%.

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

At the time of writing, Binance Coin was up by 0.91% to lead the way.

BTCUSD 031021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,812 pivot to bring the first major resistance level at $48,187 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 Saturday’s high $48,350.0 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. Bitcoin would need plenty of support, however, to break through the third major resistance level at $49,686. The second major resistance level sits at $48,724.

Failure to move through the $47,812 would bring the first major support level at $47,275 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000. The second major support level sits at $46,900.

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

Bitcoin, BTC to USD, jumped by 9.86% on Friday. Following a 5.52% rally on Thursday, Bitcoin ended the day at $48,151.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $43,311.0 before making a move.

Steering clear of the first major support level at $42,134, Bitcoin rallied to a late intraday high $48,464.0.

The rally saw Bitcoin break through the first major resistance level at $44,824 and the second major resistance level at $45,818

Coming up against the third major resistance level at $48,508, however, Bitcoin eased back to end the day at sub-$48,200 levels.

The near-term bullish trend remained intact, supported the latest return to sub-$48,000 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 Friday.

Ethereum jumped by 10.33% to lead the way.

Binance Coin (+8.80%), Bitcoin Cash SV (+8.47%), Chainlink (+9.82%), Crypto.com Coin (+9.77%), Litecoin (+8.42%), and Ripple’s XRP (+9.29%) also found strong support.

Cardano’s ADA (+6.72) and Polkadot (+1.62%) trailed the front runners, however.

In the current week, the crypto total market fell to a Wednesday low $1,808bn before rising to a Friday high $2,160bn. At the time of writing, the total market cap stood at $2,107bn.

Bitcoin’s dominance fell to a Thursday low 41.77% before rising to a Friday high 43.06%. At the time of writing, Bitcoin’s dominance stood at 42.65%.

This Morning

At the time of writing, Bitcoin was down by 0.76% to $47,784.0. A mixed start to the day saw Bitcoin rise to an early morning high $48,230.0 before falling to a low $47,702.0.

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 0.57%.

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

At the time of writing, Binance Coin was down by 1.28% to lead the way down.

BTCUSD 021021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $46,642 pivot to bring the first major resistance level at $49,973 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $48,464.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at the 23.6% FIB of $50,473 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $53,000 levels before any pullback. The second major resistance level sits at $51,795.

A fall through the $46,642 would bring the first major support level at $44,820 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$44,000 and the 38.2% FIB of $41,592. The second major support level sits at $41,489.

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

Bitcoin, BTC to USD, rallied by 5.52% on Thursday. Following a 1.18% gain on Wednesday, Bitcoin ended the month down by 7.06% to $43,830.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $41,432.0 before making a move.

While steering clear of the first major support level at $40,687, Bitcoin fell through the 38.2% FIB of $41,592.

Finding early support, however, Bitcoin rallied to a late afternoon intraday high $44,122.0.

The rally saw Bitcoin break through the first major resistance level at $42,489 and the second major resistance level at $43,449.

Bitcoin also broke back through the 38.2% FIB of $41,592 to end the day at $43,800 levels.

The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 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.

Polkadot slipped by 0.56% to buck the trend.

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

Binance Coin (+5.39%). Chainlink (+4.84%), Ethereum (+5.29%), and Litecoin (+5.90%) led the way.

Bitcoin Cash SV (+2.02%), Cardano’s ADA (+2.43%), Crypto.com Coin (+3.58%), and Ripple’s XRP (+2.97%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $2,014bn before sliding to a Wednesday low $1,808bn. At the time of writing, the total market cap stood at $1,954bn.

Bitcoin’s dominance rose to a Tuesday high 42.56% before falling to a Thursday low 41.42%. At the time of writing, Bitcoin’s dominance stood at 42.38%.

It was also a mixed month for the majors in September.

Crypto.com Coin bucked the trend, rising by 0.52%.

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

Bitcoin Cash SV (-20.69%), Cardano’s ADA (-23.62%), and Ripple’s XRP (-19.64%) led the way down.

Chainlink (-10.32%), Binance Coin (-16.53%), Ethereum (-12.53%), and Litecoin (-10.65%) also struggled.

Polkadot saw a modest 1.88% loss, however.

This Morning

At the time of writing, Bitcoin was up by 0.35% to $43,985.0. A bullish start to the day saw Bitcoin rise from an early morning low $43,822.2 to a high $43,999.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com was up by 2.57% to lead the way.

BTCUSD 011021 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $43,128 pivot to bring the first major resistance level at $44,824 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $44,122.0.

Barring a broad-based crypto rally, the first major resistance level and resistance $45,000 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $47,000 levels before any pullback. The second major resistance level sits at $45,818.

A fall through the $43,128 would bring the first major support level at $42,134 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $40,438. The 38.2% FIB of $41,592 should limit the downside.

Bitcoin Price Prediction – Bulls Eye a Return to $45,000. Avoiding sub-$42,500 Will be Key…

After a bullish day for Bitcoin and the majors on Wednesday, it’s been a broadly bullish Wednesday morning.

At the time of writing, Bitcoin, BTC to USD, was up by 3.75% to $43,086.1.

A mixed start to the day saw Bitcoin fall to an early morning low $41,432.0 before making a move.

Steering clear of the first major support level at $40,687, Bitcoin rallied to a mid-morning current day high $43,860.

Bitcoin broke through the first major resistance level at $42,489 and the 38.2% FIB of $41,592.

The early rally saw Bitcoin also break through the second major resistance level at $43,449 before revising sub-$43,000 levels.

BTCUSD 300921 Hourly Chart

The Rest of the Pack

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

At the time of writing, Polkadot was down by 1.61% to buck the morning trend.

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

Chainlink (+3.92%), Ethereum (+3.81%), and Litecoin (+4.11%) set the morning pace.

Binance Coin (+1.39%), Bitcoin Cash SV (+2.04%), Cardano’s ADA (+0.84%), Crypto.com Coin (+2.99%), and Ripple’s XRP (+1.07%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $1,854bn before rising to a high $1,951bn. At the time of writing, the total market cap stood at $1,912bn.

Bitcoin’s dominance fell to an early morning low 42.00% before rising to a high 42.44%. At the time of writing, Bitcoin’s dominance stood at 42.39%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $42,489 to bring $44,000 levels back into play.

Support from the broader market will be needed, however, for Bitcoin to break back through the second major resistance level at $43,449.

Barring a broad-based crypto rebound, the second major resistance level and morning high $43,860.0 would likely cap any upside.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at $45,000 before any pullback. The third major resistance level sits at $45,251.

A fall back through the first major resistance level and through the 38.2% FIB of $41,592 would bring the first major support level at $40,687 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should avoid sub-$40,000 support levels. The second major support level sits at $39,845.

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

We also saw the 100 EMA narrow marginally on the 200 EMA, providing further support.

Through the 2nd half of the day, a further narrowing of the 50 EMA on the 100 would bring the second major resistance level back into play.

Key through the early afternoon would be to avoid sub-$42,500 levels to support a bullish end to the day.