Shiba Inu Tries To Settle Above $0.000007 As Bitcoin Rebounds

Shiba Inu Rebounds After Sell-Off

Shiba Inu is trying to settle back above $0.000007 while Bitcoin is testing the resistance level at $42,600.

The world’s leading cryptocurrency has recently made an attempt to settle below the psychologically important support level at $40,000 but lost momentum and moved back to the resistance at $42,600. In case the test of the resistance at $42,600 is successful, Bitcoin will head towards the next resistance at $44,000 which will be bullish for the whole crypto market, including Shiba Inu.

Other cryptocurrencies are also gaining ground today. Ethereum is trying to get to the test of the resistance level at $3,000. Dogecoin has recently managed to get back above $0.21 while XRP is trying to settle above the resistance at $0.95.

Technical Analysis

shiba inu september 22 2021

Shiba Inu is currently testing the resistance level at $0.000007. In case this test is successful, it will head towards the next resistance which is located at the 50 EMA at $0.0000073. The 20 EMA is located at the same level, so Shiba Inu will likely face significant resistance near $0.0000073.

If Shiba Inu manages to settle above the 50 EMA, it will gain additional upside momentum and head towards the next resistance level at $0.00000745. A move above this level will open the way to the test of the resistance at $0.0000077. A successful test of the resistance at $0.0000077 will open the way to the test of the next resistance which is located at $0.000008.

On the support side, a move below $0.000007 will push Shiba Inu towards the support at $0.0000067. RSI remains in the moderate territory, and there is plenty of room to gain downside momentum in case the right catalysts emerge.

In case Shiba Inu manages to settle below the support at $0.0000067, it will move towards the next support level at $0.0000065. A move below this level will push Shiba Inu towards the support level which is located at $0.0000063.

For a look at all of today’s economic events, check out our economic calendar.

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

Bitcoin, BTC to USD, fell by 5.29% on Tuesday. Following an 8.93% slide on Monday, Bitcoin ended the day at $40,748.0.

A bearish start to the day saw Bitcoin slide to an early morning low $40,255.0.

Bitcoin fell through the 38.2% FIB of $41,592 and the first major support level at $41,286.

Finding early support, Bitcoin rose to a late morning intraday high $43,625.0 before hitting reverse.

Falling well short of the first major resistance level at $46,046, however, Bitcoin tumbled to a late intraday low $39,678.0.

Bitcoin fell back through the 38.2% FIB of $41,592 and the first major support level at $41,286.

Avoiding the second major support level at $39,546, however, Bitcoin ended the day at $40,700 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 Tuesday.

Bitcoin Cash SV rose by 3.08% to buck the trend on the day.

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

Chainlink slid by 9.10% to lead the way down, with Ethereum (-7.08%) also struggling.

Binance Coin (-5.47%), Cardano’s ADA (-4.64%), Crypto.com Coin (-1.15%), Litecoin (-5.50%), Polkadot (-1.53%), and Ripple’s XRP (-5.22%) saw relatively modest losses, however.

Early in the week, the crypto total market rose to a Monday high $2,136bn before sliding to a Tuesday low $1,743bn. At the time of writing, the total market cap stood at $1,824bn.

Bitcoin’s dominance rose to a Monday high 42.97% before falling to a Tuesday low 41.37%. At the time of writing, Bitcoin’s dominance stood at 42.36%.

This Morning

At the time of writing, Bitcoin was up by 0.95% to $41,134.0. A mixed start to the day saw Bitcoin fall to an early morning low $40,636.0 before rising to a high $41,494.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was down by 7.46% to buck the early trend.

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

At the time of writing, Cardano’s ADA was up by 1.74% to lead the way.

BTCUSD 220921 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $41,350 pivot the 38.2% FIB of $41,592 to bring the first major resistance level at $43,023 into play.

Support from the broader market would be needed for Bitcoin to break back through to $43,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $43,625.0 would likely cap the upside.

In the event of a broad-based crypto rebound, Bitcoin could test resistance at $45,000 levels before any pullback. The second major resistance level sits at $45,297.

Failure to move through the $41,350 pivot and the 38.2% FIB of $41,592 would bring the first major support level at $39,076 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $37,403.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 22nd, 2021

Ethereum

Ethereum slid by 7.08% on Tuesday. Following a 10.58% slide on Monday, Ethereum ended the day at $2,765.69.

A choppy start to the day saw Ethereum fall to an early morning low $2,805.00.

Finding support at the first major support level at $2,810, Ethereum rose to a late morning intraday high $3,104.82.

Falling well short of the first major resistance level at $3,245, however, Ethereum slid to a late intraday low $2,651.00.

Ethereum fell through first major support level at $2,810 and the 38.2% FIB of $2,740 before a partial recovery to $2,760 levels.

At the time of writing, Ethereum was up by 0.46% to $2,778.35.  A mixed start to the day saw Ethereum fall to an early morning low $2,756.72 before rising to a high $2,791.00.

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

ETHUSD 220921 Hourly Chart

For the day ahead

Ethereum would need to move through the $2,841 pivot to bring the first major resistance level at $3,030 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,000 levels.

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

In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369 before any pullback. The second major resistance level sits at $3,294.

Failure to move through the $2,841 pivot would bring the 38.2% FIB of $2,740 and the first major support level at $2,576 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,500 levels. The second major support level sits at $2,389.

Looking at the Technical Indicators

First Major Support Level: $2,576

Pivot Level: $2,841

First Major Resistance Level: $3,030

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 5.50% on Tuesday. Following a 10.55% slide on Monday, Litecoin ended the day at $148.52.

After a choppy start to the day, Litecoin rose to a late morning intraday high $162.32 before hitting reverse.

Falling short of the first major resistance level at $171, Litecoin slid to a late intraday low $144.60.

The reversal saw Litecoin fall through the first major support level at $148 before a partial recovery to $148 levels.

At the time of writing, Litecoin was down by 0.16% to $148.28. A mixed start to the day saw Litecoin fall to an early morning low $147.85 before rising to a high $149.35.

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

LTCUSD 220921 Hourly Chart

For the day ahead

Litecoin would need to move through the $152 pivot to bring the first major resistance level at $159 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $162.32 would likely cap the upside.

In the event of another breakout, Litecoin could test the second major resistance level at $170.

Failure to move through the $152 pivot would bring the first major support level at $141 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level sits at $134.

Looking at the Technical Indicators

First Major Support Level: $141

Pivot Level: $152

First Major Resistance Level: $159

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 5.22% on Tuesday. Following a 12.16% tumble on Monday, Ripple’s XRP ended the day at $0.87352.

A bearish start to the day saw Ripple’s XRP fall to an early morning low $0.86287 before making a move.

Steering clear of the 23.6% FIB of $0.8533 and the major support levels, Ripple’s XRP rose to a mid-day intraday high $0.95887.

Falling short of the first major resistance level at $1.0223, Ripple’s XRP slid to a late intraday low $0.85800.

Continuing to steer clear of the 23.6% FIB of $0.8533 and major support levels, however, Ripple’s ended the day at $0.87 levels.

At the time of writing, Ripple’s XRP was up by 0.14% to $0.87471. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.87168 before rising to a high $0.88279.

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

XRPUSD 220921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the $0.8968 pivot to bring the first major resistance level at $0.9356 into play. Support would be needed, however, for Ripple’s XRP to move back through to $0.90 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.95887 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $0.9977.

Failure to move through $0.8968 pivot would bring the 23.6% FIB of $0.8533 and the first major support level at $0.8347 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.80 levels. The second major support level sits at $0.7959.

Looking at the Technical Indicators

First Major Support Level: $0.8347

Pivot Level: $0.8968

First Major resistance Level: $0.9356

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

Bitcoin Price Prediction – Bulls Need to Revisit $45,000 to Avoid another Sell-off and sub-$40,000

After Monday’s broad-based crypto sell-off, it’s been a particularly choppy morning.

At the time of writing, Bitcoin, BTC to USD, was up by 0.19% to $43,106.0.

A choppy start to the day saw Bitcoin slid to an early morning intraday low $40,255.0 before finding support.

Bitcoin fell through the 38.2% FIB of $41,592 and the first major support level at $41,286.

Steering clear of sub-$40,000 levels, however, Bitcoin rose to a late morning intraday high $43,444.0.

While breaking back through the first major support level and the 38.2% FIB, Bitcoin fell short of the major resistance levels.

BTCUSD 210921 Hourly Chart

The Rest of the Pack

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

Through the morning, Crypto.com Coin was down by 2.50% to buck the morning trend.

While choppy, it’s been a relatively bullish morning for the rest of the majors, however.

At the time of writing, Bitcoin Cash SV was up by 9.87% to lead the way, with Polkadot rising by 4.54%.

Binance Coin (+1.87%), Cardano’s ADA (+1.89%), Chainlink (+1.06%), Ethereum (+2.50%), Litecoin (+1.94%), and Ripple’s XRP (+2.47%) trailed the front runners, however.

Through the early hours, the crypto total market cap fell to an early morning low $1,803bn before rising to a high $1,959bn. At the time of writing, the total market cap stood at $1,940bn.

Bitcoin’s dominance rose to an early morning high 42.40% before falling to a low 41.74%. At the time of writing, Bitcoin’s dominance stood at 41.87%.

For the Afternoon Ahead

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

Support from the broader market will be needed, however, for Bitcoin to break back through to $45,000 levels.

Barring a broad-based crypto rebound, resistance at $45,000 would likely leave Bitcoin short of the first major resistance level.

In the event of an extended rally through the afternoon, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $49,066.

Failure to move through the $44,306 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,286 back 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 $39,546.

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

We also saw the 100 EMA pullback from the 200 EMA, also a bearish signal.

Through the 2nd half of the day, a flattening of the 50 EMA on the 100 and 200 EMAs would provide much-needed support.

Key through the late morning and early afternoon Bitcoin would be to move through the day’s pivot to $45,000 levels, however, to support the broader market.

Bitcoin Rebounds After Serious Sell-Off

Bitcoin Failed To Settle Below $40,000 And Gained Upside Momentum

Bitcoin is currently trying to settle back above $43,000 as the world’s leading cryptocurrency rebounds after the major sell-off which took it from $47,000 to $40,200 in less than two days.

Other cryptocurrencies are also moving higher. Ethereum has recently managed to get back above the $3,000 level and is trying to settle above the 20 EMA at $3,070. Dogecoin received support at $0.20 and is trying to get above $0.21 while XRP is trying to settle back above $0.95.

Bitcoin Dominance, which measures the market capitalization of Bitcoin as a percentage of total crypto market capitalization, has moved back below 42%. This is a typical move for a bullish day in crypto markets as altcoins rebound stronger than Bitcoin, In the longer-term, this a worrisome trend for Bitcoin bulls.

Technical Analysis

bitcoin september 21 2021

Bitcoin managed to get above the resistance level at $42,600 and continues to move higher. The nearest resistance level for Bitcoin is located at $44,000.

In case Bitcoin manages to settle above the resistance at $44,000, it will gain additional upside momentum and head towards the next resistance level which is located at the 50 EMA at $45,500. A successful test of this level will open the way to the test of the resistance at the 20 EMA at $46,600. If Bitcoin settles above the 20 EMA, it will head towards the next resistance at $47,300. A move above this level will push Bitcoin towards the resistance at $48,000.

On the support side, the previous resistance level at $42,600 will serve as the first support level for Bitcoin. If Bitcoin manages to get back below this level, it will move towards the next support at $41,300.

A successful test of the support at $41,300 will push Bitcoin towards the psychologically important support level at $40,000. If Bitcoin manages to settle below $40,000, it will gain additional downside momentum and head towards the next support which is located at $39,300.

For a look at all of today’s economic events, check out our economic calendar.

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bearish start to the day.

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

BTCUSD 210921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 21st, 2021

Ethereum

Ethereum slid by 10.58% on Monday. Following a 3.14% loss on Sunday, Ethereum ended the day at $2,976.48.

A mixed start to the day saw Ethereum rise to an early morning intraday high $3,346.58 before hitting reverse.

Falling short of 23.6% FIB of $3,369 and the first major resistance level at $3,431, Ethereum slid to a mid-day intraday low $2,911.81.

Ethereum fell through day’s major support levels to end the day at sub-$3,000 levels.

Through the afternoon, Ethereum had broken back through the third major support level at $2,996 before easing back.

At the time of writing, Ethereum was down by 0.67% to $2,956.40. A mixed start to the day saw Ethereum rise to an early morning high $2,977.52 before falling to a low $2,952.09.

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

ETHUSD 210921 Hourly Chart

For the day ahead

Ethereum would need to move through the $3,078 pivot to bring the first major resistance level at $3,245 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,200 levels.

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

In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369 before any pullback. The second major resistance level sits at $3,513.

Failure to move through the $3,078 pivot would bring the first major support level at $2,810 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $2,644.

Looking at the Technical Indicators

First Major Support Level: $2,810

Pivot Level: $3,078

First Major Resistance Level: $3,245

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin slid by 10.55% on Monday. Following a 3.08% decline on Sunday, Litecoin ended the day at $157.23.

A mixed start to the day saw Litecoin rise to an early morning intraday high $176.13 before hitting reverse.

Falling short of the 23.6% FIB of $178 and the first major resistance level at $181, Litecoin slid to a mid-day intraday low $153.49.

The reversal saw Litecoin fall through the day’s major support levels.

Through the afternoon, Litecoin had broken back through the third major support level at $160 before falling back.

At the time of writing, Litecoin was down by 0.90% to $155.81. A mixed start to the day saw Litecoin rise to an early morning high $157.86 before falling to a low $155.75.

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

LTCUSD 210921 Hourly Chart

For the day ahead

Litecoin would need to move through the $162 pivot to bring the first major resistance level at $171 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $165 levels.

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

In the event of another breakout, Litecoin could test resistance at the 23.6% FIB of $178 and $180. The second major resistance level sits at $185.

Failure to move through the $162 pivot would bring the first major support level at $148 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level at $140 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $148

Pivot Level: $162

First Major Resistance Level: $171

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP tumbled by 12.16% on Monday. Following a 2.51% fall on Sunday, Ripple’s XRP ended the day at $0.92113.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.04991 before hitting reverse.

Falling short of the first major resistance level at $1.0312, Ripple’s XRP slid to a mid-day intraday low $0.87506.

Ripple’s XRP fell through the day’s major support levels.

Steering clear of the 23.6% FIB of $0.8533, however, Ripple’s XRP briefly revisited $0.95 levels before easing back.

At the time of writing, Ripple’s XRP was down by 1.96% to $0.9031. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.92162 to a low $0.90310.

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

XRPUSD 210921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the $0.9487 pivot to bring the first major resistance level at $1.0223 into play. Support would be needed, however, for Ripple’s XRP to move back through to $1.00 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $1.04991 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $1.1236. Ripple’s XRP would need plenty of support, however, to breakout from the 38.2% FIB of $1.0659.

Failure to move through $0.9487 pivot would bring the 23.6% FIB of $0.8533 and the first major support level at $0.8475 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.80 levels. The second major support level sits at $0.7739.

Looking at the Technical Indicators

First Major Support Level: $0.8475

Pivot Level: $0.9487

First Major resistance Level: $1.0223

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

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

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

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

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

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

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

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

BTCUSD 200921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

Dogecoin Tests Support At $0.2190 While Bitcoin Slips Below $45,000

Crypto Markets Are Moving Lower

Dogecoin managed to settle below the support at $0.2255 and is trying to settle below the next support at $0.2190 while Bitcoin is moving towards the important support level at $44,000.

The world’s leading cryptocurrency found itself under strong pressure at the start of the week which was bearish for altcoins. Ethereum is moving towards the 50 EMA at $3,070. XRP is trying to settle below the major support at $0.95, while Shiba Inu tests its 50 EMA at $0.00000735.

In case Bitcoin manages to settle below the support at $44,000, it will gain additional downside momentum and move towards the support which is located near September lows at $42,600, which will be bearish for the whole crypto market and may put significant pressure on Dogecoin.

It should be noted that Bitcoin Dominance, which measures the market capitalization of Bitcoin as a percentage of total crypto market capitalization, is currently trying to settle above 42.5%. This move shows that pressure on altcoins is growing, which is bearish for Dogecoin.

Technical Analysis

dogecoin september 20 2021

Dogecoin is currently testing the support level at $0.2190. RSI remains in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

In case Dogecoin manages to settle below $0.2190, it will head towards the next support level which is located at September lows at $0.2130. A successful test of this level will open the way to the test of the support at $0.2050. If Dogecoin declines below $0.2050, it will move towards the psychologically important support level at $0.20.

On the upside, Dogecoin needs to settle back above $0.2190 to have a chance to develop upside momentum in the near term. The next resistance level is located at $0.2255. A move above this level will push Dogecoin towards the resistance at $0.23. If Dogecoin settles above the resistance at $0.23, it will head towards the next resistance level which is located at $0.2350.

For a look at all of today’s economic events, check out our economic calendar.

Bitcoin and Ethereum – Weekly Technical Analysis – September 20th, 2021

Bitcoin

Bitcoin, BTC to USD, rose by 2.61% in the week ending 19th September. Partially reversing an 11.09% slide from the week prior, Bitcoin ended the week at $47,239.0.

A bearish start to the week saw Bitcoin fall to a Monday intraweek low $43,444.0 before making a move.

Steering clear of the first major support level at $41,877, Bitcoin rallied to a Saturday intraweek high $48,819.0.

Falling short of the 23.6% FIB of $50,473 and the first major resistance level at $51,545, Bitcoin slid back to sub-$47,000 levels before ending the week at $47,200 levels.

4 days in the red that included a 2.34% fall on Monday delivered the downside for the week.

For the week ahead

Bitcoin would need to avoid the $46,501 pivot to support a run the first major resistance level at $49,557 and the 23.6% FIB of $50,473.

Support from the broader market would be needed for Bitcoin to break out from last week’s high $48,819.0.

Barring an extended crypto rally, the 23.6% FIB would likely cap any upside.

In the event of an extended breakout, Bitcoin could test resistance at $52,000 before any pullback. The second major resistance level sits at $51,876.

A fall through the $46,501 pivot would bring the first major support level at $44,182 into play.

Barring an extended sell-off, Bitcoin should steer clear of the 38.2% FIB of $41,592. The second major support level sits at $41,126.

At the time of writing, Bitcoin was down by 0.29% to $47,103.0. A mixed start to the week saw Bitcoin rise to an early Monday high $47,327.0 before falling to a low $46,792.0.

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

BTCUSD 200921 Daily Chart

Ethereum

Ethereum fell by 2.21% in the week ending 20th September. Following a 13.87% slide from the previous week, Ethereum ended the week at $3,328.59.

A mixed start to the week saw Ethereum fall to a Monday intraweek low $3,111.14 before making a move.

While steering clear of the first major support level at $3,077, Ethereum fell through the 23.6% FIB of $3,369.

Finding Tuesday support, however, Ethereum rallied to a Thursday intraweek high $3,675.92 before sliding back into the red.

Ethereum broke back through the 23.6% FIB and also broke through the first major resistance level at $3,642.00 before falling back to sub-$3,320 levels.

4-days in the red that included a 4.73% slide on Friday delivered the downside in the week.

For the week ahead

Ethereum would need to move through the 23.6% FIB of $3,369 and the $3,372 pivot level to support a run at the first major resistance level at $3,633.

Support from the broader market would be needed, however, for Ethereum to break out from $3,550 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $3,675.92 would likely cap any upside.

In the event of another extended breakout, Ethereum could test resistance at $4,000 before any pullback. The second major resistance level sits at $3,937.

Failure to move through the 23.6% FIB and the $3,372 pivot would bring the first major support level at $3,068.

Barring an extended sell-off in the week, Ethereum should steer clear of sub-$3,000 support levels. The second major support level sits at $2,807.

At the time of writing, Ethereum was down by 0.54% to $3,310.78. A choppy start to the week saw Ethereum rise to an early Monday high $3,346.58 before falling to a low $3,259.03.

Ethereum left the major support and resistance levels untested at the start of the week.

ETHUSD 200921 Daily Chart

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 20th, 2021

Ethereum

Ethereum fell by 3.14% on Sunday. Reversing a 1.07% gain from Saturday, Ethereum ended the week down by 2.21% to $3,328.59.

A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,457.22 before hitting reverse.

Falling short of the first major resistance level at $3,530, Ethereum slid to a late intraday low $3,278.00.

Ethereum fell through the 23.6% FIB of $3,369 and the first major support level at $3,356.

Finding support at the second major support level at $3,276, Ethereum ended the day at $3,300 levels.

At the time of writing, Ethereum was down by 1.33% to $3,284.31. A mixed start to the day saw Ethereum rise to an early morning high $3,346.58 before falling to a low $3,283.01.

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

ETHUSD 200921 Hourly Chart

For the day ahead

Ethereum would need to move through the $3,355 pivot and the 23.6% FIB to bring the first major resistance level at $3,431 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,400 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $3,457.22 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,600 before any pullback. The second major resistance level sits at $3,534.

Failure to move through the $3,355 pivot would bring the first major support level at $3,252 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,100 levels. The second major support level at $3,175 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,252

Pivot Level: $3,355

First Major Resistance Level: $3,431

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin slid by 3.08% on Sunday. Reversing a 0.77% gain from Saturday, Litecoin ended the week down by 3.94% to $175.76.

A mixed start to the day saw Litecoin rise to an early morning intraday high $181.72 before hitting reverse.

Falling short of the first major resistance level at $186, Litecoin slid to a late intraday low $173.17.

The reversal saw Litecoin fall through the first major support level at $178 and the 23.6% FIB of $178.

Finding support at the second major support level at $174, however, Litecoin avoided sub-$170 levels.

At the time of writing, Litecoin was down by 1.95% to $172.34. A mixed start to the day saw Litecoin rise to an early morning high $176.13 before sliding to a low $171.76.

Litecoin tested the first major support level at $172 early on.

LTCUSD 200921 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 $181 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 $181.72 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $190. The second major resistance level sits at $185.

Failure to move through the $177 pivot would bring the first major support level at $172 back into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$165. The second major support level at $168 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $172

Pivot Level: $177

First Major Resistance Level: $181

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 2.51% on Sunday. Reversing a 0.84% gain from Saturday, Ripple’s XRP ended the week down by 6.41% to $1.04805.

A mixed start to the day saw Ripple’s XRP rise to a mid-morning intraday high $1.08399 before hitting reverse.

Falling short of the first major resistance level at $1.0946, Ripple’s XRP slid to a late intraday low $1.04075.

Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0569.

Steering clear of the second major support level at $1.0379, Ripple’s XRP ended the day at $1.04 levels.

At the time of writing, Ripple’s XRP was down by 3.16% to $1.01497. A bearish start to the day saw Ripple’s XRP slide from an early morning high $1.40991 to a low $1.00001.

Ripple’s XRP fell through the first major support level at $1.0312 and briefly through the second major support level at $1.0144.

XRPUSD 200921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the $1.0576 pivot to bring the 38.2% FIB of $1.0659 and the first major resistance level at $1.0744 into play. Support would be needed, however, for Ripple’s XRP to move back through the first major support level to $1.05 levels.

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

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $1.1008.

Failure to move back through the first major support level at $1.0312 would bring the second major support level and sub-$1.00 levels back into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the third major support level at $0.9711.

Looking at the Technical Indicators

First Major Support Level: $1.0312

Pivot Level: $1.0576

First Major resistance Level: $1.0744

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 – September 20th, 2021

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bearish start to the day.

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

BTCUSD 200921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 190921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 18th, 2021

Ethereum

Ethereum slid by 4.73% on Friday. Following a 1.30% loss on Thursday, Ethereum ended the day at $3,400.00.

A mixed start to the day saw Ethereum rise to an early morning intraday high $3,595.00 before hitting reverse.

Falling short of the first major resistance level at $3,669, Ethereum slid to a late intraday low $3,350.06.

Ethereum fell through the first major support level at $3,476 and the second major support level at $3,383.

The extended sell-off also saw Ethereum fall through the 23.6% FIB of $3,369 before a move back through to $3,400 levels.

At the time of writing, Ethereum was down by 0.42% to $3,375.78. A mixed start to the day saw Ethereum rise to an early morning high $3,403.64 before falling to a low $3,371.00.

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

ETHUSD 180921 Hourly Chart

For the day ahead

Ethereum would need to move through the $3,448 pivot to bring the first major resistance level at $3,547 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $3,595.00 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,800 before any pullback. The second major resistance level sits at $3,693.

Failure to move through the $3,448 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,302 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,200 levels. The second major support level at $3,203 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,302

Pivot Level: $3,448

First Major Resistance Level: $3,547

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 2.88% on Friday. Following a 2.08% decline on Thursday, Litecoin ended the day at $180.00.

A mixed start to the day saw Litecoin rise to a late morning intraday high $190.53 before hitting reverse.

Falling short of the first major resistance level at $193, Litecoin slid to a late intraday low $177.66.

The reversal saw Litecoin fall through the first major support level at $179.

Finding support at the 23.6% FIB of $178, however, Litecoin broke back through the first major support level to end the day at $180 levels.

At the time of writing, Litecoin was down by 0.04% to $179.93. A mixed start to the day saw Litecoin rise to an early morning high $180.12 before falling to a low $178.57.

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

LTCUSD 180921 Hourly Chart

For the day ahead

Litecoin would need to move through the $183 pivot to bring the first major resistance level at $188 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $185 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $190.53 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $196.

Failure to move through the $183 pivot would bring the 23.6% FIB and the first major support level at $175 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$170. The second major support level at $170 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $175

Pivot Level: $183

First Major Resistance Level: $188

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 2.35% on Friday. Following a 2.71% loss on Thursday, Ripple’s XRP ended the day at $1.06436.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.10294 before hitting reverse.

Falling short of the first major resistance level at $1.1258, Ripple’s XRP slid to a mid-day intraday low $1.05210.

Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0612.

Finding support early afternoon support, Ripple’s XRP revisited $1.07 levels before a 2nd sell-off.

Ripple’s XRP fell back through the 38.2% FIB of $1.0659 and the first major support level at $1.0612 before a partial recovery to $1.064 levels.

At the time of writing, Ripple’s XRP was up by 0.26% to $1.06717. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.05923 before rising to a high $1.06717.

While leaving the major support and resistance levels untested, Ripple’s XRP broke back through the 38.2% FIB of $1.0659.

XRPUSD 180921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the $1.0731 pivot to bring first major resistance level at $1.0942 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.09 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $1.10294 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.15 levels before any pullback. The second major resistance level sits at $1.1240.

Failure to move through the $1.0731 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0433 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level at $1.0223 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.

Pivot Level: $1.

First Major resistance Level: $1.

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 – September 18th, 2021

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bearish start to the day.

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

BTCUSD 180921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 170921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

Shiba Inu Rallies After Coinbase Listing

Shiba Inu Tries To Gain Additional Upside Momentum

Shiba Inu continues its attempts to settle above the resistance at $0.000009 as traders react to Coinbase listing. Such listing provides many traders with an opportunity to buy Shiba Inu, which is bullish for the cryptocurrency.

Meanwhile, Bitcoin remains stuck near the $48,000 level. In case Bitcoin manages to settle above this resistance level, it will gain additional upside momentum which will be bullish for the whole crypto market, including Shiba Inu.

Other cryptocurrencies are mostly moving higher. Ethereum has recently made an attempt to settle above the resistance at $3,600. XRP is trading near $1.09 while Dogecoin is testing the resistance level at $0.2570.

Technical Analysis

shiba inu september 17 2021

Shiba Inu has recently made an attempt to settle above the resistance level at $0.0000095 but failed to develop sufficient upside momentum and pulled back. RSI remains in the moderate territory despite the recent rally so there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

Currently, Shiba Inu needs to settle back above $0.000009 to have a chance to develop upside momentum in the near term. In case Shiba Inu gets above $0.000009, it will head towards the next resistance level which is located at the recent highs at $0.0000095.

A successful test of this level will open the way to the test of the psychologically important resistance at $0.000010. If Shiba Inu manages to settle above $0.000010, it will move towards the resistance at $0.0000105.

On the support side, the nearest support level for Shiba Inu is located at $0.0000085. In case Shiba Inu declines below this level, it will head towards the support at $0.000008.

A move below $0.000008 will open the way to the test of the support at $0.0000077. If Shiba Inu manages to settle below this level, it will head towards the next support which is located at $0.00000745.

For a look at all of today’s economic events, check out our economic calendar.

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a bullish start to the day.

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

BTCUSD 170921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 17th, 2021

Ethereum

Ethereum fell by 1.30% on Thursday. Partially reversing a 5.22% rally from Wednesday, Ethereum ended the day at $3,568.66.

A mixed start to the day saw Ethereum rally to an early morning intraday high $3,675.92 before hitting reverse.

Falling short of the first major resistance level at $3,705, Ethereum fell to a late intraday low $3,482.97.

Steering clear of the first major support level at $3,443, Ethereum moved back through to $3,500 levels to reduce the deficit.

At the time of writing, Ethereum was down by 0.22% to $3,560.90. A mixed start to the day saw Ethereum rise to an early morning high $3,573.03 before falling to a low $3,556.61.

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

ETHUSD 170921 Hourly Chart

For the day ahead

Ethereum would need to move through the $3,576 pivot to bring the first major resistance level at $3,669 into play.

Support from the broader market would be needed, however, for Ethereum to break out from $3,650 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $3,675.92 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,800 before any pullback. The second major resistance level sits at $3,769.

Failure to move through the $3,576 pivot would bring the first major support level at $3,476 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,300 levels. The second major support level at $3,383 and the 23.6% FIB of $3,369 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,476

Pivot Level: $3,576

First Major Resistance Level: $3,669

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 2.08% on Thursday. Partially reversing a 3.34% gain from Wednesday, Litecoin ended the day at $185.33.

A mixed start to the day saw Litecoin rise to a mid-morning intraday high $195.49 before hitting reverse.

Litecoin broke through the first major resistance level at $194 before sliding to a late intraday low $181.53.

The reversal saw Litecoin fall through the first major support level at $182 before a partial recovery to $185 levels.

At the time of writing, Litecoin was up by 0.13% to $185.58. A range-bound start to the day saw Litecoin fall to an early morning low $185.26 before rising to a high $185.94.

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

LTCUSD 170921 Hourly Chart

For the day ahead

Litecoin would need to move through the $188 pivot to bring the first major resistance level at $193 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $195.49 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $201.

Failure to move through the $188 pivot would bring the first major support level at $179 and 23.6% FIB of $178 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$175. The second major support level sits at $174.

Looking at the Technical Indicators

First Major Support Level: $179

Pivot Level: $188

First Major Resistance Level: $193

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 2.71% on Thursday. Reversing a 2.24% gain from Wednesday, Ripple’s XRP ended the day at $1.09108.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.13064 before hitting reverse.

Falling short of the first major resistance level at $1.1399, Ripple’s XRP slid to a late intraday low $1.06601.

Ripple’s XRP fell through the first major support level at $1.0899.

Finding support at the 23.6% FIB of $1.0659, however, Ripple’s XRP broke back through the first major support level to end the day at $1.09 levels.

At the time of writing, Ripple’s XRP was down by 0.22% to $1.08872. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.09001 to a low $1.08872.

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

XRPUSD 170921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the $1.0959 pivot to bring first major resistance level at $1.1258 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.10 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $1.13064 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1605.

Failure to move through the $1.0959 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0612 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.0313.

Looking at the Technical Indicators

First Major Support Level: $1.0612

Pivot Level: $1.0959

First Major resistance Level: $1.1258

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

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

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

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

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

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

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

BTCUSD 160921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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