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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 130921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 120921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

Ethereum slid by 6.26% to lead the way down.

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 110921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 100921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 090921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 080921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 070921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin, BTC to USD, rose by 3.77% on Sunday. Reversing a 0.20% loss from Saturday, Bitcoin ended the week up by 6.11% to $51,779.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $49,470.0 before making a move.

Steering clear of the first major support level at $49,352, Bitcoin rallied to a late intraday high $51,900.0.

Bitcoin broke through the first major resistance level at $50,495 and the second major resistance level at $51,091.

The breakout also saw Bitcoin break back through the 23.6% FIB of $50,473 to end the day at $51,700 levels.

The near-term bullish trend remained intact, supported by 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 bullish day on Sunday

Chainlink led the way, surging by 12.51%, with Litecoin rallying by 9.49%.

Bitcoin Cash SV (+3.48%), Cardano’s ADA (+2.84%), Crypto.com Coin (+5.53%), Polkadot (+2.51%), and Ripple’s XRP (+4.11%) also found strong support.

Binance Coin (+1.44%) and Ethereum (+1.66%) trailed the front runners, however.

It was also a bullish week for the crypto majors.

Chainlink (+30.44%), Ethereum (+22.49%), Litecoin (+33.14%), and Polkadot (+26.20%) led the way.

Bitcoin Cash SV (+13.65%), Crypto.com Coin (+14.93%), and Ripple’s XRP (+14.50%) also found strong support.

Binance Coin (+5.17%) and Cardano’s ADA (+2.14%) saw modest gains, however.

In the week, the crypto total market fell to a Monday low $1,996bn before rising to a Sunday high $2,390bn. At the time of writing, the total market cap stood at $2,342bn.

Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Sunday low 40.85%. At the time of writing, Bitcoin’s dominance stood at 41.50%.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $51,657.1. A mixed start to the day saw Bitcoin rise to an early morning high $51,877.0 before falling to a low $51,657.1.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.09%), Crypto.com Coin (+2.00%), and Ripple’s XRP (+0.84%) found early support.

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

At the time of writing, Chainlink was down by 1.97% to lead the way down.

BTCUSD 060921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $51,050 pivot to bring the first major resistance level at $52,630 into play.

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

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

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,480.

A fall through the $51,050 pivot would bring the 23.6% FIB of $50,473 and the first major support level at $50,200 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$49,000 levels. The second major support level sits at $48,620.

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

Bitcoin, BTC to USD, fell by 0.20% on Saturday. Following a 1.48% gain on Friday, Bitcoin ended the day at $49,899.0.

After mixed start to the day, Bitcoin rose to a late morning intraday high $50,544 before hitting reverse.

While falling short of the first major resistance level at $51,318, Bitcoin broke back through the 23.6% FIB of $50,473.

The reversal, however, saw Bitcoin fall to a late afternoon intraday low $49,401.0.

Steering clear of the first major support level at $48,501, Bitcoin revisited $50,200 levels before easing back into the red.

The near-term bullish trend remained intact, supported by 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 Saturday

Bitcoin Cash SV (+3.75%), Binance Coin (+1.86%), and Crypto.com Coin (+1.03%) bucked the trend on the day.

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

Cardano’s ADA slid by 4.53% to lead the way down.

Chainlink (-2.89%), Polkadot (-3.38%), and Ripple’s XRP (-2.65%) also struggled.

Ethereum (-1.33%) and Litecoin (-0.55%) saw relatively modest losses on the day, however.

In the current the week, the crypto total market fell to a Monday low $1,996bn before rising to a Saturday high $2,334bn. At the time of writing, the total market cap stood at $2,266bn.

Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Saturday low 40.74%. At the time of writing, Bitcoin’s dominance stood at 41.36%.

This Morning

At the time of writing, Bitcoin was down by 0.15% to $49,822.0. A mixed start to the day saw Bitcoin rise to an early morning high $49,956.0 before falling to a low $49,819.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was up by 0.16%, with Bitcoin Cash SV flat to buck the early trend.

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

At the time of writing, Ripple’s XRP was down by 0.93% to lead the way down.

BTCUSD 050921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $49,948 pivot to bring the first major resistance level at $50,495 into play.

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

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $50,544.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,091.

Failure to move back through the $49,948 pivot would bring the first major support level at $49,352 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level at $48,805 should limit the downside.

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

Bitcoin, BTC to USD, rose by 1.48% on Friday. Following a 0.92% gain on Thursday, Bitcoin ended the day at $50,001.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $48,332.0 before making a move.

Bitcoin fell through the first major support level at $48,482 before rallying to an early afternoon intraday high $51,142.0.

Bitcoin broke through the first major resistance level at $50,216 and the 23.6% FIB of $50,473.

Coming within range of the second major resistance level at $51,157, however, Bitcoin fell back to end the day at sub-$50,100.

The pullback saw Bitcoin fall back through the 23.6% FIB and the first major resistance level.

The near-term bullish trend remained intact, supported by 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 bullish day on Friday

Litecoin led the way, surging by 16.25%.

Bitcoin Cash SV (+6.26%), Crypto.com Coin (+4.78%), Ethereum (+4.01%), and Polkadot (+4.04%) also found relatively strong support.

Binance Coin (+1.03%), Cardano’s ADA (+0.20%), Chainlink (+2.72%), and Ripple’s XRP (+2.91%) trailed the front runners, however.

In the current the week, the crypto total market fell to a Monday low $1,996bn before rising to a Friday high $2,333bn. At the time of writing, the total market cap stood at $2,266bn.

Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Friday low 41.13%. At the time of writing, Bitcoin’s dominance stood at 41.45%.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $49,921.0.  A mixed start to the day saw Bitcoin rise to an early morning high $50,012.0 before falling to a low $49,877.0.

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, rising by 0.16%.

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

At the time of writing, Crypto.com Coin was down by 1.73% to lead the way down.

BTCUSD 040921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $49,825 pivot to bring the first major resistance level at $51,318 into play.

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

Barring a broad-based crypto rally, the first major resistance level and Friday’s high $51,142 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,635.

A fall through the $49,825 pivot would bring the first major support level at $48,508 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 $47,015.

Bitcoin Price Prediction – U.S Nonfarm Payrolls Bring $53,000 Levels into Play

After a relatively bullish Thursday for Bitcoin and the broader market, it’s been another bullish morning for Bitcoin and the broader crypto market.

At the time of writing, Bitcoin, BTC to USD, was up by 1.99% to $50,257.0.

A mixed start to the day saw Bitcoin fall to an early morning low $48,332.0 before making a move.

Finding support at the first major support at $48,482, Bitcoin rallied to a late morning intraday high $50,494.0.

The morning rally saw Bitcoin break through the first major resistance level at $50,216 and the 23.6% FIB of $50,473 before easing back to sub-$50,300 levels.

BTCUSD 030921 Hourly Chart

The Rest of the Pack

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

At the time of writing, Litecoin was up by 5.79% to lead the way.

Bitcoin Cash SV (+3.82%), Chainlink (+4.34%), Crypto.com Coin (+3.21%), and Ethereum (+4.17%) also found strong support.

Binance Coin (+1.28%), Cardano’s ADA (+0.52%), and Ripple’s XRP (+1.31%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $2,175bn before rising to a high $2,289bn. At the time of writing, the total market cap stood at $2,266bn.

Bitcoin’s dominance rose to an early morning high 41.85% before falling to a low 41.47%. At the time of writing, Bitcoin’s dominance stood at 41.66%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $50,216 to bring the second major resistance level at $51,157 back into play.

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

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

In the event of an extended rally, however, Bitcoin could target $53,000 before any pullback. The third major resistance level sits at $52,891.

A fall back through first major resistance level and through the $49,423 pivot would bring the first major support level at $48,482 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 $47,689.

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

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

Key going into the afternoon would be a break back through the 23.6% FIB and a move through to $51,000 levels.

A narrowing of the 50 EMA on the 100 EMA, however, would test investor resilience.

On the economic data front, particularly disappointing nonfarm payroll figures from the U.S should deliver support…

Avoiding a fall back through the first major resistance level at $50,216 will be key, however.

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

Bitcoin, BTC to USD, rose by 0.92% on Thursday. Following a 3.57% gain on Wednesday, Bitcoin ended the day at $49,273.7.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $48,631.0 before making a move.

Steering clear of the first major support level at $47,229, Bitcoin rallied to an early afternoon intraday high $50,365.0.

Bitcoin broke through the first major resistance level at $49,778 before easing back to $49,200 levels.

Late in the day, Bitcoin briefly revisit $49,850 levels before easing back to end the day at sub-$49,300 levels.

The first major resistance level at $49,778 pegged Bitcoin back.

The near-term bullish trend remained intact, supported by the latest return to $50,000 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 slid by 5.03%, with Binance Coin (-1.28%), Bitcoin Cash SV (-0.52%), and Ethereum (-1.08%) also seeing red.

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

Cardano’s ADA and Crypto.com Coin led the way, with gains of 3.11% and 4.08% respectively.

Chainlink (+0.72%), Litecoin (+1.40%), and Ripple’s XRP (+1.35%) trailed the front runners, however.

In the current the week, the crypto total market fell to a Monday low $1,996bn before rising to a Thursday high $2,285bn. At the time of writing, the total market cap stood at $2,216bn.

Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Wednesday low 41.40%. At the time of writing, Bitcoin’s dominance stood at 41.85%.

This Morning

At the time of writing, Bitcoin was up by 0.11% to $49,326.0. A mixed start to the day saw Bitcoin fall to an early morning low $49,212.7 before rising to a high $49.406.2.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.11%), Chainlink (-0.06%), Litecoin (-0.18%), and Ripple’s XRP (-0.24%) saw red early on.

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

At the time of writing, Bitcoin Cash SV was up by 2.38% to lead the way.

BTCUSD 030921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $49,423 pivot to bring the first major resistance level at $50,216 and the 23.6% FIB of $50,473 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $50,365.0.

Barring a broad-based crypto rally, the 23.6% FIB would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,157.

Failure to move through the $49,423 pivot would bring the first major support level at $48,482 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 $47,689.

Bitcoin Price Prediction – Bulls Back in Control and Eyeing a Return to $53,000

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

At the time of writing, Bitcoin, BTC to USD, was up by 2.28% to $49,937.0.

A mixed morning saw Bitcoin fall to an early morning intraday low $48,631.0 before making a move.

Steering clear of the first major support level at $47,229, Bitcoin rallied to a late morning intraday high $50,350.0.

Bitcoin broke through the first major resistance level at $49,778 to revisit $50,000 for the first time since 23rd August.

Falling short of the 23.6% FIB of $50,473, however, Bitcoin slipped back to sub-$50,000 levels.

BTCUSD 020921 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 4.00% to lead the way down, with Ethereum (-2.11%) also bucking the morning trend.

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

Through the morning, Cardano’s ADA and Crypto.com Coin led the way, rallying by 6.06% and by 5.46% respectively.

Litecoin (+3.02%) and Ripple’s XRP (+3.10%) also found strong support, while Binance Coin (+0.17%), Bitcoin Cash SV (+0.61%), and Chainlink (+0.04%) trailed.

Through the early hours, the crypto total market cap fell to an early morning low $2,185bn before rising to a high $2,234bn. At the time of writing, the total market cap stood at $2,228bn.

Bitcoin’s dominance fell to an early morning low 41.76% before rising to a high 42.39%. At the time of writing, Bitcoin’s dominance stood at 42.15%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $49,778 to bring the second major resistance level at $50,733 into play.

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

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

In the event of an extended rally, however, Bitcoin could target $53,000 before any pullback. The third major resistance level sits at $53,282.

A fall back through first major resistance level and through the $48,184 pivot would bring the first major support level at $47,229 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,635.

Looking beyond the support and resistance levels, we saw bullish crosses in the early hours. The 50 EMA crossed through the 200 EMA, with the 100 EMA also crossing through the 200 EMA. We also saw the 50 EMA pull away from the 100 and the 200 EMAs through the late morning.

The bulls will be looking for a further widening of the 50 from the 100 to support a breakout from the 23.6% FIB of $50,473.

A flattening of the 50 EMA on the 100 and 200 EMAs, however, could pull Bitcoin back to sub-$49,000 before any recovery.

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

Bitcoin, BTC to USD, rose by 0.33% on Tuesday. Partially reversing a 3.68% slide from Monday, Bitcoin ended the month up by 13.80% to $47,157.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $46,725.0 before making a move.

Steering clear of the first major support level at $46,297, Bitcoin rallied to an early afternoon intraday high $48,244.0.

Falling short of the first major resistance level at $48,319, Bitcoin fell back to sub-$47,000 before finding late support.

The near-term bullish trend remained intact, supported by the latest return to $50,000 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

Crypto.com Coin fell by 0.89% to buck the trend on the day.

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

Polkadot surged by 20.10% to lead the way once more.

Chainlink (+6.91%), Ethereum (+6.23%), and Ripple’s XRP (+7.82%) also found strong support.

Binance Coin (+0.91%). Bitcoin Cash SV (+1.11%), Cardano’s ADA (+1.29%), and Litecoin (+2.50%) trailed the front runners, however.

For the crypto majors, it was a particularly bullish August.

Cardano’s ADA surged by 109.76% to lead the way.

Binance Coin (+39.52%), Ethereum (+35.38%), Polkadot (+64.52%), and Ripple’s XRP (+58.96%) also found strong support.

Bitcoin Cash SV (+14.47%), Chainlink (+17.76%), Crypto.com Coin (+20.36%), and Litecoin (+18.79%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,996bn before rising to a Tuesday high $2,154bn. At the time of writing, the total market cap stood at $2,086bn.

Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Tuesday low 42.12%. At the time of writing, Bitcoin’s dominance stood at 42.49%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $47,129.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,891.0 before rising to a high $47,359.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-0.41%), Litecoin (-0.26%), and Ripple’s XRP (-0.24%) joined Bitcoin in the red.

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

At the time of writing, Polkadot was up by 1.82% to lead the way.

BTCUSD 010921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $47,375 pivot to bring the first major resistance level at $48,026 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 Tuesday’s high $48,244.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $48,894.

Failure to move through the $47,375 pivot would bring the first major support level at $46,507 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 $45,856 should limit the downside.

Bitcoin Price Prediction – Bulls Target a Return to $49,000. A Move Back to $48,500 Remains Key

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

At the time of writing, Bitcoin, BTC to USD, was up by 1.94% to $47,919.0.

A mixed morning saw Bitcoin fall to an early morning intraday low $46,725.0 before making a move.

Steering clear of the first major support level at $46,297, Bitcoin rose to a late morning intraday high $48,098.0.

Falling short of the first major resistance level at $48,319, Bitcoin eased back to sub-$48,000 levels.

BTCUSD 310821 Hourly Chart

The Rest of the Pack

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

At the time of writing, Polkadot was up by 7.63% to lead the way, with Chainlink and Ethereum up by 6.70 and by 6.04% respectively.

Cardano’s ADA (+4.50%), Litecoin (+4.12%), and Ripple’s XRP (+3.33%) also found strong support.

Binance Coin (+2.19%), Bitcoin Cash SV (+2.12%), and Crypto.com Coin (+0.57%) trailed the front runners, however.

Through the early hours, the crypto total market fell to an early morning low $2,021bn before rising to a high $2,112bn. At the time of writing, the total market cap stood at $2,105bn.

Bitcoin’s dominance rose to an early morning high 43.47% before falling to a late morning low 42.79%. At the time of writing, Bitcoin’s dominance stood at 42.80%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $47,611 pivot to bring the first major resistance level at $48,319 into play.

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

Barring an extended crypto rally through the afternoon, the first major resistance level and Monday’s high $48,925 would likely cap any upside.

In the event of an extended rally, however, Bitcoin could target the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,633.

A fall back through the $47,611 pivot would bring the first major support level at $46,297 back into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,589.

Looking beyond the support and resistance levels, we saw a bearish cross in the early hours. The 50 EMA crossed through the 200 EMA, with the 100 EMA also narrowing on the 200 EMA. Also bearish was a marked pullback of the 50 EMA from the 100 and 200 EMAs following the bearish cross.

Late in the morning, the 50 narrowed on the 100 and 200, providing support. Key, however, was the 100 EMA avoiding a bearish cross through the 200 EMA.

A bearish cross of the 100 EMA through the 200 and further pullback of the 50 from the 200 EMA would bring sub-$46,000 levels into play.

The bulls will be looking for a move back through to $48,500 levels in the 2nd half of the day.

A fall back to sub-$47,000, however, would give the bears the upper hand.

Bitcoin Price Prediction – Failure to Revisit $48,500 Would Bring sub-$46,000 into Play

After a mixed week for the majors in the week ending 29th August, it’s been a bearish morning for Bitcoin and the broader crypto market.

At the time of writing, Bitcoin, BTC to USD, was down by 2.25% to $47,702.0.

A mixed morning saw Bitcoin rise to an early morning high $48,924.7 before hitting reverse.

Falling short of the first major resistance level at $49,713, Bitcoin slid to a mid-morning low $47,644.0.

Bitcoin fell through the first major support level at $47,823 before briefly revisiting $48,200 levels.

A late morning pullback, however, saw Bitcoin fall back through the first major support level.

BTCUSD 300821 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 3.77% to lead the way down.

Binance Coin (-1.46%), Bitcoin Cash SV (-0.19%), Cardano’s ADA (-2.01%), Crypto.com Coin (-1.72%), Ethereum (-1.71%), Litecoin (-1.60%), Polkadot (-1.46%), and Ripple’s XRP (-1.43%) also joined Bitcoin in the red.

Through the early hours, the crypto total market rose to an early morning high $2,087bn before falling to a low $2,030bn. At the time of writing, the total market cap stood at $2,033bn.

Bitcoin’s dominance fell to a late morning low 43.82% before rising to a high 44.15%. At the time of writing, Bitcoin’s dominance stood at 44.13%.

For the Afternoon Ahead

Bitcoin would need to move back through first major support level at $47,823 and the $48,737 pivot to bring the first major resistance level at $49,713 into play.

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

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

In the event of an extended rally, however, Bitcoin could target the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $50,627.

Failure to move back through the first major support level would bring the second major support level at $46,847 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The third major support level sits at $44,957.

Looking beyond the support and resistance levels, we saw the 50 EMA close in on the 100 EMA and narrow on the 200 EMA.

We also saw the 100 EMA narrow on the 200, the signals bearish for Bitcoin and the broader market.

A bearish cross of the 50 EMA through the 100 and further narrowing on the 200 EMA would bring sub-$47,000 levels into play.

The bulls will be looking for a move back through to $48,500 levels in the 2nd half of the day.

A fall back to sub-$47,500, however, would give the bears the upper hand once more.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 30th, 2021

Ethereum

Ethereum fell by 0.66% on Sunday. Following a 0.83% decline on Saturday, Ethereum ended the week down by 0.46% to $3,226.46.

A mixed start to the day saw Ethereum rise to an early morning intraday high $3,287.73 before hitting reverse.

Coming up against the first major resistance level at $3,288, Ethereum slid to an early morning intraday low $3,153.75.

The sell-off saw Ethereum fall through the first major support level at $3,210 and the second major support level at $3,172.

Steering clear of sub-$3,150, Ethereum found late support to revisit $3,259 levels before falling back into the red.

At the time of writing, Ethereum was up by 0.06% to $3,228.45. A mixed start to the day saw Ethereum fall to an early morning low $3,213.29 before rising to a high $3.231.68.

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

ETHUSD 300821 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the $3,223 pivot to bring the first major resistance level at $3,292 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $3,287.73.

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

In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369. The second major resistance level sits at $3,491.

A fall back through the $3,223 pivot would bring the first major support level at $3,158 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,089 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,158

Pivot Level: $3,223

First Major Resistance Level: $3,292

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 0.74% on Sunday. Following a 0.35% loss on Saturday, Litecoin ended the week down by 6.18% to $174.48.

A mixed start to the day saw Litecoin rally to an early morning intraday high $182.75 before hitting reverse.

Litecoin broke through the first major resistance level at $178 and the second major resistance level at $181.

More significantly, Litecoin also broke through the 23.6% FIB of $178 before sliding to an early afternoon intraday low $173.18.

While falling back through the major resistance levels and the 23.6% FIB, Litecoin avoided the first major support level at $172.

Finding late support, Litecoin revisited $178 levels before falling back into the red. The first major resistance level and 23.6% FIB of $178 pegged Litecoin back.

At the time of writing, Litecoin was up by 0.02% to $174.52. A mixed start to the day saw Litecoin fall to an early morning low $174.00 before rising to a high $175.29.

Litecoin left the major support and resistance levels untested early on

LTCUSD 300821 Hourly Chart

For the day ahead

Litecoin would need to move through the $177 pivot to bring the 23.6% FIB of $178 and the first major resistance level at $180 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $182.75 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level at sits $186.

Failure to move through the $177 pivot would bring the first major support level at $171 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $167.

Looking at the Technical Indicators

First Major Support Level: $171

Pivot Level: $177

First Major Resistance Level: $180

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 0.55% on Sunday. Following a 3.88% loss from Sunday, Ripple’s XRP ended the week down by 7.01% to $1.14131.

Tracking the broader market, Ripple’s XRP rallied to an early morning intraday high $1.16081 before hitting reverse.

Falling short of the first major resistance level at $1.1837, Ripple’s XRP slid to an early morning intraday low $1.11251.

Ripple’s XRP fell through the first major support level at $1.1214 before briefly revisiting $1.16 levels. A bearish end to the day, however, saw Ripple’s XRP fall back into the red.

At the time of writing, Ripple’s XRP was flat at $1.14129. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.13692 before rising to a high $1.14433.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 300821 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $1.1403 pivot to bring first major resistance level at $1.1681 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.16 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $1.16707 would likely cap any upside.

In the event of another breakout, Ripple’s XRP could test resistance at $1.20 before any pullback. The second major resistance level sits at $1.1949.

A fall back through the $1.1403 pivot would bring the first major support level at $1.1135 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the 38.2% FIB of $1.0659. The second major support level at $1.0857 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.1135

Pivot Level: $1.1403

First Major resistance Level: $1.1681

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – August 30th, 2021

Bitcoin, BTC to USD, fell by 0.23% on Sunday. Following a 0.34% decline from Saturday, Bitcoin ended the week down by 0.95% to $48,800.0.

A choppy start to the day saw Bitcoin rally to an early morning intraday high $49,650.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $49,354 before sliding to an early morning intraday low $47,760.0.

The sell-off saw Bitcoin fall through the first major support level at $48,430 and the second major support level at $47,946.

Steering clear of sub-$47,500 levels, however, Bitcoin found late support to revisit $49,400 levels before falling back into the red.

The first major resistance level at $49,354 pegged Bitcoin back in the final hour.

The near-term bullish trend remained intact, supported by the latest return to $50,000 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.

Binance Coin fell by 1.30% to lead the way down.

Ethereum (-0.66%), Litecoin (-0.74%), Polkadot (-0.72%), and Ripple’s XRP (-0.55%) also saw red on the day.

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

Bitcoin Cash SV rallied by 1.86% to lead the way, with Crypto.com Coin rising by 1.29%.

Cardano’s ADA (+0.11%) and Chainlink (+0.16%) trailed the front runners, however.

It was also a mixed week for the majors in the week ending 29th August.

Chainlink slid by 8.03% to lead the way down. Ethereum (-0.46%), Litecoin (-6.18%), Polkadot (-6.22%), and Ripple’s XRP (-7.01%) also ended the week in the red.

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

Binance Coin rallied by 6.92% to lead the way, with Cardano’s ADA (+5.32%) close behind.

Bitcoin Cash SV (+1.37%) and Crypto.com Coin (+1.97%), and trailed the front runners, however

In the week, the crypto total market rose to a Monday high $2,169bn before falling to a Thursday low $1,933bn. At the time of writing, the total market cap stood at $2,087bn.

Bitcoin’s dominance rose to a Thursday high 44.98% before falling to a Saturday low 43.53%. At the time of writing, Bitcoin’s dominance stood at 44.03%.

This Morning

At the time of writing, Bitcoin was up by 0.24% to $48,915.7. A mixed start to the day saw Bitcoin fall to an early morning low $48,565.0 before rising to a high $48.915.7.

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the early trend, falling by a modest 0.06%.

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

At the time of writing, Bitcoin Cash SV was up by 1.46% to lead the way.

BTCUSD 300821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $48,737 pivot to bring the first major resistance level at $49,713 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $49,650.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the 23.6% FIB of $50,483 before any pullback. The second major resistance level sits at $50,627.

A fall back through the $48,737 pivot would bring the first major support level at $47,823 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 $46,847.

The Crypto Daily – Movers and Shakers – August 29th, 2021

Bitcoin, BTC to USD, slipped by 0.34% on Saturday. Following a 4.79% rally on Friday, Bitcoin ended the day at $48,914.0.

A choppy start to the day saw Bitcoin rise to an early morning intraday high $49,310.0 before hitting reverse.

Falling short of the first major resistance level at $50,038, Bitcoin slid to an early afternoon intraday low $48,385.9.

Steering well clear of the first major support level at $47,242, Bitcoin revisited $49,200 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the latest return to $50,000 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.

Bitcoin Cash SV (+0.39%) and Crypto.com Coin (+1.33%) bucked the trend on the day.

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

Ripple’s XRP and Cardano’s ADA fell by 3.88% and by 3.30% respectively to lead the way down.

Binance Coin (-1.67%), Chainlink (-1.23%), Ethereum (-0.83%), Litecoin (-0.35%), and Polkadot (-1.89%) also struggled.

In the current week, the crypto total market rose to a Monday high $2,169bn before falling to a Thursday low $1,933bn. At the time of writing, the total market cap stood at $2,092bn.

Bitcoin’s dominance rose to a Thursday high 44.98% before falling to a Saturday low 43.55%. At the time of writing, Bitcoin’s dominance stood at 43.92%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $48,887.0. A mixed start to the day saw Bitcoin rise to an early morning high $48,958.0 before falling to a low $48,879.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.06%) and Litecoin (-0.16%) joined Bitcoin in the red early on.

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

At the time of writing, Bitcoin Cash SV was up by 2.93% to lead the way.

BTCUSD 290821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $48,870 pivot to bring the first major resistance level at $49,354 into play.

Support from the broader market would be needed for Bitcoin to break back through to $49,300 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $49,311 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,794.

A fall through the $48,870 pivot would bring the first major support level at $48,430 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,500 levels. The second major support level at $47,946 should limit the downside.