Bitcoin Is Moving Towards $50,000

Bitcoin Stays Strong

Bitcoin managed to get above the resistance at $48,000 and continues to move towards the psychologically important $50,000 level. Meanwhile, Ethereum climbed above the resistance at $3,600 and is trying to gain additional upside momentum.

Smaller cryptocurrencies like Dogecoin or XRP failed to develop material momentum, and it looks that traders interest is concentrated in Bitcoin and Ethereum today.

Bitcoin Dominance, which measures the market capitalization of Bitcoin as a percentage of total crypto market capitalization, is stuck near 41%. Bitcoin’s recent rebound failed to provide significant support to Bitcoin Dominance which indicates that traders’ interest in altcoins remains strong.

Technical Analysis

bitcoin september 16 2021

Bitcoin continues to move higher and is trying to settle above the resistance level at $48,000. RSI remains in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

A successful test of the resistance at $48,000 will open the way to the test of the next resistance level at $50,000. In case Bitcoin gets above the key resistance at $50,000, it will attract more speculative traders and head towards the next resistance level which is located at $51,500.

A move above the resistance at $51,500 will open the way to the test of the resistance at $53,000. If Bitcoin manages to settle above the resistance at $53,000, it will move towards the next resistance level at $55,000.

On the support side, Bitcoin needs to get back below $48,000 to have a chance to develop downside momentum in the near term. The next support level for Bitcoin is located at the 20 EMA at $47,300.

If Bitcoin declines below the 20 EMA, it will head towards the support at $46,000. A successful test of this support level will lead to a test of the support at the 50 EMA at $45,500. If Bitcoin declines below the 50 EMA, it will continue its downside move and head towards the support level at $44,000.

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

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

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 160921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 16th, 2021

Ethereum

Ethereum rallied by 5.22% on Wednesday. Following a 4.58% gain on Tuesday, Ethereum ended the day at $3,615.65.

A mixed start to the day saw Ethereum fall to an early morning intraday low $3,359.96 before making a move.

While steering clear of the first major support level at $3,325, Ethereum fell through the 23.6% FIB of $3,369.

Finding late morning support, however, Ethereum rallied to a late intraday high $3,621.15.

Ethereum broke through the first major resistance level at $3,493 and the second major resistance level at $3,551.

The extended rally also saw Ethereum broke back through the 23.6% FIB of $3,369 to end the day at $3,600 levels.

At the time of writing, Ethereum was down by 0.49% to $3,598.00. A mixed start to the day saw Ethereum rise to an early morning high $3,621.84 before falling to a low $3,597.36.

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

ETHUSD 160921 Hourly Chart

For the day ahead

Ethereum would need to avoid the $3,532 pivot to bring the first major resistance level at $3,705 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 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 $3,793.

A fall through the $3,532 pivot would bring the first major support level at $3,443 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,369. The second major support level sits at $3,271.

Looking at the Technical Indicators

First Major Support Level: $3,443

Pivot Level: $3,532

First Major Resistance Level: $3,705

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 3.34% on Wednesday. Following a 2.06% gain on Tuesday, Litecoin ended the day at $189.24.

A mixed start to the day saw Litecoin fall to an early morning intraday low $179.59 before making a move.

Steering clear of the 23.6% FIB of $178 and the first major support level at $177, Litecoin rallied to a late intraday high $191.86.

Litecoin broke through the first major resistance level at $189 to end the day at $189 levels.

At the time of writing, Litecoin was down by 0.46% to $188.37. A mixed start to the day saw Litecoin rise to an early morning high $190.07 before falling to a low $188.33.

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

LTCUSD 160921 Hourly Chart

For the day ahead

Litecoin would need to avoid the $187 pivot to bring the first major resistance level at $194 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $191.86.

Barring an extended crypto rally, the first major resistance level and resistance at $195 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $199.

A fall through the $187 pivot would bring the first major support level at $182 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 at $175 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $182

Pivot Level: $187

First Major Resistance Level: $194

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 2.24% on Wednesday. Following a 3.07% rise on Tuesday, Ripple’s XRP ended the day at $1.12008.

A mixed start to the day saw Ripple’s XRP fall to a mid-morning intraday low $1.07955 before making a move.

Steering clear of the first major support level at $1.0702, Ripple’s XRP rallied to a late intraday high $1.12952.

Ripple’s XRP broke through the first major resistance level at $1.1102 and the second major resistance level at $1.1236.

A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level to end the day at $0.1210 levels.

At the time of writing, Ripple’s XRP was up by 0.03% to $1.12037. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.12150 before falling to a low $1.12037.

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

XRPUSD 160921 Hourly Chart

For the day ahead

Ripple’s XRP would need to avoid the $1.1097 pivot to bring first major resistance level at $1.1399 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $1.12952.

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 resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1597.

A fall through the $1.1097 pivot would bring the first major support level at $1.0899 and the 38.2% FIB of $1.0659 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.0597.

Looking at the Technical Indicators

First Major Support Level: $1.0899

Pivot Level: $1.1097

First Major resistance Level: $1.1399

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 Tests Resistance At The 20 EMA

Bitcoin Stays Strong After Yesterday’s Upside Move

Bitcoin is currently trying to settle above the 20 EMA at $47,100 while other cryptocurrencies are mostly flat as traders wait for the results of this test. Ethereum is testing the resistance at $3,400. Dogecoin is trying to settle back above $0.24 while XRP is stuck near $1.09.

Bitcoin has been volatile in recent trading sessions after a fake press release stated that Walmart would partner with Litecoin. This press release was quickly refuted, and Bitcoin found itself under pressure.

However, Bitcoin received support near $44,000 and gained upside momentum as traders rushed to purchase Bitcoin after the pullback. If Bitcoin manages to settle above the 20 EMA and moves closer to the psychologically important $50,000 level, other cryptocurrencies will get more support.

Technical Analysis

bitcoin september 15 2021

Bitcoin is currently testing the resistance level at the 20 EMA. In case this test is successful, it will head towards the next resistance at $48,000. A move above this level will push Bitcoin towards the major resistance at $50,000.

In case Bitcoin manages to settle above the psychologically important resistance level at $50,000, it will gain additional upside momentum and head towards the resistance at $51,500. A successful test of this level will push Bitcoin towards the next resistance which is located near the recent highs at $53,000.

On the support side, a move below $47,000 will push Bitcoin back towards the support at $46,000. If Bitcoin settles below this level, it will move towards the support at the 50 EMA near $45,200.

A successful test of the support at the 50 EMA will open the way to the test of the next support at $44,000. In case Bitcoin declines below this level, it will head towards the next support which is located near the recent lows at $42,600.

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 15th, 2021

Ethereum

Ethereum rallied by 4.58% on Tuesday. Reversing a 3.46% loss from Monday, Ethereum ended the day at $3,436.29.

A mixed start to the day saw Ethereum fall to an early morning intraday low $3,270.74 before making a move.

Steering clear of the first major support level at $3,122, Ethereum rallied to a final hour intraday high $3,439.15.

While falling short of the first major resistance level at $3,440, Ethereum broke through the 23.6% FIB of $3,369 to end the day at $3,430 levels.

At the time of writing, Ethereum was down by 0.13% to $3,431.76. A mixed start to the day saw Ethereum rise to an early morning high $3,452.06 before falling to a low $3,422.90.

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

ETHUSD 150921 Hourly Chart

For the day ahead

Ethereum would need to avoid the $3,382 pivot to bring the first major resistance level at $3,493 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $3,439.15.

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 $3,600 before any pullback. The second major resistance level sits at $3,551.

A fall through the $3,382 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,325 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,200 levels. The second major support level at $3,214 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,325

Pivot Level: $3,382

First Major Resistance Level: $3,493

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 2.06% on Tuesday. Reversing a 1.99% loss from Monday, Litecoin ended the day at $183.09.

A bearish start to the day saw Litecoin fall to an early morning intraday low $176.21 before making a move.

While steering clear of the major support levels, Litecoin fell through the 23.6% FIB of $178.

Finding late morning support, however, Litecoin rallied to a mid-afternoon intraday high $188.88 before easing back.

While falling well short of the first major resistance level at $221, Litecoin broke back through the 23.6% FIB to end the day at $183 levels.

At the time of writing, Litecoin was down by 0.31% to $182.53. A mixed start to the day saw Litecoin rise to an early morning high $183.42 before falling to a low $182.53.

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

LTCUSD 150921 Hourly Chart

For the day ahead

Litecoin would need to move back through the $183 pivot to bring the first major resistance level at $189 into play.

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

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $188.88 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $195.

Failure to move back through the $183 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 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: $177

Pivot Level: $183

First Major Resistance Level: $189

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 3.07% on Tuesday. Partially reversing a 4.95% slide from Monday, Ripple’s XRP ended the day at $1.09682

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.05695 before making a move.

Steering clear of the first major support level at $1.0164, Ripple’s XRP rallied to a final hour intraday high $1.09700.

While falling short of the first major resistance level at $1.1192, Ripple’s XRP broke through the 38.2% FIB of $1.0659 to end the day at $1.09 levels.

At the time of writing, Ripple’s XRP was down by 0.17% to $1.09493. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09688 before falling to a low $1.09153.

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

XRPUSD 150921 Hourly Chart

For the day ahead

Ripple’s XRP would need to avoid the $1.0836 pivot to bring first major resistance level at $1.1102 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $1.09700.

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 resistance at $1.15 levels before any pullback. The second major resistance level sits at $1.1236.

A fall through the $1.0836 pivot would bring the first major support level at $1.0702 and the 38.2% FIB of $1.0659 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 $1.0435 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0702

Pivot Level: $1.0836

First Major resistance Level: $1.1102

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 15th, 2021

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

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

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

This Morning

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

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

Elsewhere, it was a mixed start to the day.

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

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

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

BTCUSD 150921 Hourly Chart

For the Bitcoin Day Ahead

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

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

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

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

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

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

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

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

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

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

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

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

BTCUSD 140921 Hourly Chart

The Rest of the Pack

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

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 14th, 2021

Ethereum

Ethereum fell by 3.46% on Monday. Partially reversing a 4.19% gain from Sunday, Ethereum ended the day at $3,286.20.

A mixed start to the day saw Ethereum rise to an early morning intraday high $3,430.00 before hitting reverse.

Falling short of the first major resistance level at $3,507, Ethereum slid to an early afternoon intraday low $3,111.14.

Ethereum fell through the first major support level at $3,266 and the second major support level at $3,128.

Ethereum also fell through the 23.6% FIB of $3,369. Finding late support, however Ethereum broke back through the major support levels to end the day at $3,280 levels.

At the time of writing, Ethereum was down by 0.38% to $3,273.71. A mixed start to the day saw Ethereum rise to an early morning high $3,288.87 before falling to a low $3,273.48.

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

ETHUSD 140921 Hourly Chart

For the day ahead

Ethereum would need to move back through the $3,276 pivot to bring the first major resistance level at $3,440 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the 23.6% FIB of $3,369.

Barring an extended crypto rally, the first major resistance level and Monday’s high $3,430.00 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,700 before any pullback. The second major resistance level sits at $3,595.

Failure to move back through the $3,276 pivot would bring the first major support level at $3,122 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,957.

Looking at the Technical Indicators

First Major Support Level: $3,122

Pivot Level: $3,276

First Major Resistance Level: $3,440

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 1.99% on Monday. Following a 2.45% decline on Sunday, Litecoin ended the day at $179.36.

A bearish start to the day saw Litecoin fall to an early morning intraday low $170.82 before making a move.

Litecoin fell through the 23.6% FIB of $178 and the first major support level at $177.

Finding support at the second major support level at $171, however, Litecoin surged to an early afternoon intraday high $237.88.

Litecoin broke back through the 23.6% FIB and broke through the day’s major resistance levels.

More significantly, Litecoin also broke through the 38.2% FIB of $223 before hitting reverse.

The reversal saw Litecoin fall back through the 38.2% FIB and the major resistance levels to end the day at $179 levels.

At the time of writing, Litecoin was down by 0.55% to $178.38. A mixed start to the day saw Litecoin fall from an early morning high $179.57 to a low $178.00.

While leaving the major support and resistance levels untested, Litecoin tested support at the 23.6% FIB of $178.

LTCUSD 140921 Hourly Chart

For the day ahead

Litecoin would need to move through the $196 pivot to bring the first major resistance level at $221 into play.

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

Barring an extended crypto rally, resistance at $200 would likely leave Litecoin short of the first major resistance level and the 38.2% FIB of $223.

In the event of another breakout, Litecoin could test resistance at Monday’s high $237.88. The second major resistance level sits at $263.

Failure to move through the $196 pivot would bring the 23.6% FIB of $178 and the first major support level at $154 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$170. The second major support level sits at $129.

Looking at the Technical Indicators

First Major Support Level: $154

Pivot Level: $196

First Major Resistance Level: $221

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 4.95% on Monday. Reversing a 3.93% gain from Sunday, Ripple’s XRP ended the day at $1.06453.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.12568 before hitting reverse.

Falling short of the first major resistance level at $1.1451, Ripple’s XRP tumbled to an early afternoon intraday low $1.02285.

Ripple’s XRP fell through the first major support level at $1.0765 and the second major support level at $1.0331.

The extended sell-off also saw Ripple’s XRP fall through the 38.2% FIB of $1.0659 before finding late support.

Late in the day, Ripple’s XRP broke back through the second major support level to end the day at $1.064 levels.

At the time of writing, Ripple’s XRP was down by 0.20% to $1.06240. A mixed start to the day saw Ripple’s XRP fall from an early morning high $1.06419 to a low $1.05695.

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

XRPUSD 140921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the 38.2% FIB of $1.0659 and the $1.0710 pivot to bring first major resistance level at $1.1192 into play.

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

Barring an extended crypto rally, the first major resistance level and Monday’s high $1.12568 would likely cap the upside.

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1739.

Failure to move through the 38.2% FIB of $1.0659 and the $1.0710 pivot would bring the first major support level at $1.0164 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.9682.

Looking at the Technical Indicators

First Major Support Level: $1.0164

Pivot Level: $1.0710

First Major resistance Level: $1.1192

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 Eyeing a Return to sub-$40,000…

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

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

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

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

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

The Rest of the Pack

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

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

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

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

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

For the Afternoon Ahead

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

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

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

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

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

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

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

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

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

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

Bitcoin Tries To Settle Below The Support At $44,000

Bitcoin Is Losing Ground At The Start Of The Week

Bitcoin managed to get below the 50 EMA at $45,200 and is trying to settle below the next support level which is located at $44,000. This is an important moment for the whole crypto market as Bitcoin will have a great chance to develop additional downside momentum in case it manages to settle below the support at $44,000.

Not surprisingly, other cryptocurrencies are under pressure. Ethereum is currently trying to settle below $3,200. Dogecoin is testing the support at $0.2350, while XRP is trying to settle below the 50 EMA near $1.05.

Bitcoin Dominance, which measures the market capitalization of Bitcoin as a percentage of total crypto market capitalization, has moved away from recent lows near 40%, but this move did not help Bitcoin as the whole crypto market is under strong pressure.

Technical Analysis

bitcoin september 13 2021

Bitcoin declined below the 50 EMA at $45,200 and is testing the next support level at $44,000. RSI is in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

If Bitcoin manages to settle below the support at $44,000, it will head towards the next support which is located near the recent lows at $42,600. A successful test of this support level will open the way to the test of the support at $41,300. In case Bitcoin declines below this level, it will move towards the psychologically important support level at $40,000.

On the upside, the previous support at the 50 EMA at $45,200 will serve as the first resistance level for Bitcoin. If Bitcoin manages to get back above this level, it will move towards the next resistance at $46,000.

A move above $46,000 will open the way to the test of the resistance at the 20 EMA at $47,000. In case Bitcoin manages to settle above the 20 EMA, it will continue its rebound and head towards the next resistance level which is located at $48,000.

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

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.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 13th, 2021

Ethereum

Ethereum rose by 4.19% on Sunday. Following a 1.79% gain on Saturday, Ethereum ended the week down by 13.88% to $3,403.75.

A mixed start to the day saw Ethereum fall to an early morning intraday low $3,231.75 before making a move.

Steering clear of the first major support level at $3,195, Ethereum rallied to a mid-day intraday high $3,472.99.

Ethereum broke through the first major resistance level at $3,344 and the second major resistance level at $3,422.

The rally also saw Ethereum break through the 23.6% FIB of $3,369 before briefly falling back to sub-$3,310 levels.

Late in the day, however, Ethereum broke back through the first major resistance level and 23.6% FIB to end the day at $3,400 levels.

At the time of writing, Ethereum was up by 0.53% to $3,421.64. A mixed start to the day saw Ethereum fall to an early morning low $3,396.40 before rising to a high $3,421.64.

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

ETHUSD 130921 Hourly Chart

For the day ahead

Ethereum would need to avoid the $3,370 pivot and the 23.6% FIB of $3,369 to bring the first major resistance level at $3,507 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 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,700 before any pullback. The second major resistance level sits at $3,611.

Failure to move through the $3,370 pivot and the 23.6% FIB would bring the first major support level at $3,266 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,128 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,266

Pivot Level: $3,370

First Major Resistance Level: $3,507

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 2.45% on Sunday. Following a 2.55% gain on Saturday, Litecoin ended the week down by 21.24% to $182.96.

A mixed start to the day saw Litecoin fall to an early morning intraday low $175.20 before making a move.

While steering clear of the first major support level at $173, Litecoin fell through the 23.6% FIB of $178.

Finding late morning support, however, Litecoin rallied to a late intraday high $186.10.

Litecoin broke back through the 23.6% FIB and through the first major resistance level at $185.

A late sell-off, however, saw Litecoin briefly fall back to $176 levels before a late move back through the 23.6% FIB.

At the time of writing, Litecoin was up by 0.15% to $182.96. A mixed start to the day saw Litecoin fall to an early low $182.75 before rising to a high $184.87.

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

LTCUSD 130921 Hourly Chart

For the day ahead

Litecoin would need to avoid the $181 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 resistance at $190 would likely cap the upside.

In the event of broad-based crypto rally, Litecoin could test resistance at $200. The second major resistance level sits at $192.

A fall through the $181 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $171.

Looking at the Technical Indicators

First Major Support Level: $177

Pivot Level: $181

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 rose by 3.93% on Sunday. Following a 2.14% gain on Saturday, Ripple’s XRP ended the week down by 14.31% to $1.11980.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.05845 before making a move.

While steering clear of the first major support level at $1.0487, Ripple’s XRP fell through the 38.2% FIB of $1.0659.

Finding early support, however, Ripple’s XRP rose to a late intraday high $1.12709 before easing back.

Ripple’s XRP broke back through the 38.2% FIB and through the first major resistance level at $1.1099 to end the day at $1.11 levels.

At the time of writing, Ripple’s XRP was up by 0.35% to $1.12373. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.12000 to a high $1.12568.

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

XRPUSD 130921 Hourly Chart

For the day ahead

Ripple’s XRP would need to avoid the $1.1018 pivot to bring first major resistance level at $1.1451 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.12 levels.

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

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1704.

A fall through the $1.1018 pivot would bring the first major support level at $1.0765 and the 38.2% FIB of $1.0659 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 $1.0331 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0765

Pivot Level: $1.1018

First Major resistance Level: $1.1451

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 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.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 11th, 2021

Ethereum

Ethereum slid by 6.26% on Friday. Following a 2.13% decline on Thursday, Ethereum ended the day at $3,209.82.

A mixed start to the day saw Ethereum rise to an early morning intraday high $3,514.37 before hitting reverse.

Falling short of the first major resistance level at $3,531, Ethereum fell to a late intraday low $3,142.67.

Ethereum fell through the first major support level at $3,356 and the second major support level at $3,287.

The sell-off also saw Ethereum fall through the 23.6% FIB of $3,369 to end the day at $3,200 levels.

At the time of writing, Ethereum was up by 1.26% to $3,250.25. A mixed start to the day saw Ethereum fall to an early morning low $3,199.88 before rising to a high $3,254.18.

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

ETHUSD 110921 Hourly Chart

For the day ahead

Ethereum would need to move through the $3,289 pivot to bring the 23.6% FIB of $3,369 and the first major resistance level at $3,435 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 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,700 before any pullback. The second major resistance level sits at $3,661.

Failure to move through the $3,289 pivot would bring the first major support level at $3,064 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,917.

Looking at the Technical Indicators

First Major Support Level: $3,064

Pivot Level: $3,289

First Major Resistance Level: $3,435

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 3.49% on Friday. Reversing a 0.91% gain from Thursday, Litecoin ended the day at $174.16.

A mixed start to the day saw Litecoin rise to an early morning intraday high $187.38 before hitting reverse.

Coming up against the first major resistance level at $187, Litecoin slid to a late intraday low $170.88.

Litecoin fell through the 23.6% FIB of $178 and the first major support level at $175 to end the day at $174 levels.

At the time of writing, Litecoin was up by 0.75% to $175.46. A mixed start to the day saw Litecoin fall to an early morning low $173.44 before rising to a high $175.69.

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

LTCUSD 110921 Hourly Chart

For the day ahead

Litecoin would need to move through the $178 pivot and the 23.6% FIB of $178 to bring the first major resistance level at $184 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $187.38 would likely cap the upside.

In the event of broad-based crypto rally, Litecoin could the second major resistance level at $200. The second major resistance level sits at $194.

Failure to move through the $178 pivot and the 23.6% FIB would bring the first major support level at $168 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $161.

Looking at the Technical Indicators

First Major Support Level: $168

Pivot Level: $178

First Major Resistance Level: $184

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 3.09% on Friday. Following a 1.15% loss on Thursday, Ripple’s XRP ended the day at $1.0588.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.24499 before hitting reverse.

Ripple’s XRP broke through the day’s major resistance levels before hitting reverse.

The reversal saw Ripple’s XRP slide to a late intraday low $1.03058.

Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0616.

Finding support at the second major support level at $1.0351, Ripple’s XRP ended the day at $1.05 levels.

At the time of writing, Ripple’s XRP was up by 0.80% to $1.06437. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.05296 before rising to a high $1.06918.

While leaving the major support and resistance levels untested, Ripple’s XRP tested resistance at the 38.2% FIB of $1.0659 early on.

XRPUSD 110921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the 38.2% FIB and the $1.1105 pivot to bring first major resistance level at $1.1904 into play.

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

Barring an extended crypto rally, the first major resistance level and resistance at $1.20 would likely cap the upside.

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.30 levels before any pullback. The second major resistance level sits at $1.3249.

Failure to move through the 38.2% FIB and the $1.1105 pivot would bring the first major support level at $0.9760 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.90 levels. The second major support level sits at $0.8961.

Looking at the Technical Indicators

First Major Support Level: $0.9760

Pivot Level: $1.1105

First Major resistance Level: $1.1904

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

Shiba Inu Is Losing Ground While Bitcoin Tries To Settle Below $46,000

Shiba Inu Is Under Pressure Ahead Of The Weekend

Shiba Inu failed to settle above the resistance level at $0.00000745 and declined towards the support at $0.000007 while Bitcoin made an attempt to settle below the support level at $46,000.

Bitcoin stabilized in the $46,000 – $47,000 range after the major sell-off. It has already made several attempts to gain upside momentum but these attempts yielded no results. This is an important moment for the whole crypto market as Bitcoin’s failure to rebound after a major sell-off may trigger another wave of selling which will put pressure on other cryptocurrencies.

It should be noted that the crypto market mood is bearish today. Ethereum continues its attempts to settle below $3,400. Dogecoin is trying to settle below $0.25 while XRP has moved back below $1.10 after a test of the resistance near $1.25.

Technical Analysis

shiba inu september 10 2021

Shiba Inu made several attempts to settle above the resistance level at $0.00000745 but failed to develop sufficient upside momentum and pulled back. Currently, Shiba Inu is trying to settle below the support level at $0.000007.

In case Shiba Inu declines below this level, it will move towards the next support level which is located at $0.0000067. RSI remains in the moderate territory, and there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

A move below the support level at $0.0000067 will push Shiba Inu towards the next support at $0.0000065. If Shiba Inu manages to settle below this level, it will head towards the next support at $0.0000063.

On the upside, Shiba Inu needs to settle above the resistance at $0.00000745 to have a chance to develop upside momentum in the near term. The next resistance level for Shiba Inu is located at $0.0000077.

A move above the resistance at $0.0000077 will open the way to the test of the resistance at $0.000008. In case Shiba Inu settles above $0.000008, it will head towards the next resistance level at $0.0000085.

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

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.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 10th, 2021

Ethereum

Ethereum fell by 2.13% on Thursday. Reversing a 1.85% gain from Wednesday, Ethereum ended the day at $3,424.32.

A mixed start to the day saw Ethereum rise to a late morning intraday high $3,568.59 before hitting reverse.

Falling short of the first major resistance level at $3,636.88, Ethereum fell to a mid-day intraday low $3,393.17.

Steering clear of the 23.6% FIB of $3,369 and the first major support level at $3,290, Ethereum revisited $3,550 levels before easing back.

At the time of writing, Ethereum was down by 0.20% to $3,418.18. A mixed start to the day saw Ethereum fall to an early low $3,416.69 before rising to a high $3,442.00.

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

ETHUSD 100921 Hourly Chart

For the day ahead

Ethereum would need to move through the $3,462 pivot to bring the first major resistance level at $3,531 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 Thursday’s high $3,568,59 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,700 before any pullback. The second major resistance level sits at $3,638.

Failure to move through the $3,462 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,356 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,300 levels. The second major support level sits at $3,287.

Looking at the Technical Indicators

First Major Support Level: $3,356

Pivot Level: $3,462

First Major Resistance Level: $3,531

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 0.91% on Thursday. Following a 0.65% gain on Wednesday, Litecoin ended the day at $180.42.

A mixed start to the day saw Litecoin fall to an early morning intraday low $176.55 before making a move.

While steering clear of the first major support level at $170, Litecoin fell through the 23.6% FIB of $178 before rising to an early afternoon intraday high $188.85.

Coming up against the first major resistance level at $189, however, Litecoin eased back to end the day at sub-$181 levels.

At the time of writing, Litecoin was down by 0.29% to $179.90. A mixed start to the day saw Litecoin rise to an early morning high $181.40 before falling to a low $179.90.

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

LTCUSD 100921 Hourly Chart

For the day ahead

Litecoin would need to move through the $182 pivot to bring the first major resistance level at $187 into play.

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

Barring an extended crypto rally, the first major resistance level and Thursday’s high $188.85 would likely cap the upside.

In the event of broad-based crypto rally, Litecoin could the second major resistance level at $200. The second major resistance level sits at $194.

Failure to move through the $182 pivot would bring the 23.6% FIB of $178 and the first major support level at $175 into play.

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

Looking at the Technical Indicators

First Major Support Level: $175

Pivot Level: $182

First Major Resistance Level: $187

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 1.15% on Thursday. Following a 2.62% decline on Wednesday, Ripple’s XRP ended the day at $1.08799.

A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $1.13805 before hitting reverse.

Falling short of the first major resistance level at $1.1606, Ripple’s XRP fell to a mid-day intraday low $1.07336.

Steering clear of the 38.2% FIB of $1.0659 and the first major support level at $1.0262, Ripple’s XRP revisited $1.12 levels before falling back into the red.

At the time of writing, Ripple’s XRP was down by 0.05% to $1.08747. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09327 before falling to a low $1.08701.

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

XRPUSD 100921 Hourly Chart

For the day ahead

Ripple’s XRP would need to move through the $1.0998 pivot to bring first major resistance level at $1.1262 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 $1.13805 would likely cap the upside.

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1645.

Failure to move through the $1.0998 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0616 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 $1.0351 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0616

Pivot Level: $1.0998

First Major resistance Level: $1.1262

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 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.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 9th, 2021

Ethereum

Ethereum rose by 1.85% on Wednesday. Partially reversing a 12.52% slide from Tuesday, Ethereum ended the day at $3,500.34.

A mixed start to the day saw Ethereum fall to a late morning intraday low $3,216.00 before making a move.

Steering clear of the first major support level at $2,981, Ethereum rose to a late afternoon intraday high $3,562.98.

While falling short of the first major resistance level at $3,465, Ethereum broke through the 23.6% FIB of $3,369 to end the day at $3,500 levels.

At the time of writing, Ethereum was down by 0.69% to $3,476.33. A mixed start to the day saw Ethereum rise to an early morning high $3,516.42 before falling to a low $3,467.83

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

ETHUSD 090921 Hourly Chart

For the day ahead

Ethereum would need to avoid the $3,426 pivot to bring the first major resistance level at $3,637 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high $3,562.98.

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 $3,800 before any pullback. The second major resistance level sits at $3,773.

A fall through the $3,426 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,290 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,300 levels. The second major support level sits at $3,080.

Looking at the Technical Indicators

First Major Support Level: $3,290

Pivot Level: $3,426

First Major Resistance Level: $3,637

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 0.65% on Wednesday. Following an 18.73% tumble on Tuesday, Litecoin ended the day at $179.70.

A mixed start to the day saw Litecoin rise to an early morning intraday high $189.00 before hitting reverse.

While falling short of the first major resistance level at $213, Litecoin broke through the 23.6% FIB of $178.

The reversal saw Litecoin fall to a late morning intraday low $169.31 before finding support.

Steering clear of the first major support level at $152, Litecoin broke back through the 23.6% FIB to end the day at $179 levels.

At the time of writing, Litecoin was up by 0.40% to $180.42. A mixed start to the day saw Litecoin rise to an early morning high $182.98 before falling to a low $179.09.

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

LTCUSD 090921 Hourly Chart

For the day ahead

Litecoin would need to avoid the $179 pivot to bring the first major resistance level at $189 into play.

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

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $189.00 would likely cap the upside.

In the event of broad-based crypto rally, Litecoin could the second major resistance level at $199.

A fall through the $179 pivot and the 23.6% FIB of $178 would bring the first major support level at $170 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $160.

Looking at the Technical Indicators

First Major Support Level: $170

Pivot Level: $179

First Major Resistance Level: $189

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 2.62% on Wednesday. Following a 19.26% slump on Tuesday, Ripple’s XRP ended the day at $1.09997.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.14731 before hitting reverse.

Falling short of the first major resistance level at $1.3739, Ripple’s XRP fell to a late morning intraday low $1.01291.

While steering clear of the first major support level at $0.8915, Ripple’s XRP fell through the 38.2% FIB of $1.0659.

Finding late morning support, however, Ripple’s XRP broke back through the 38.2% FIB to end the day at $1.09 levels.

At the time of writing, Ripple’s XRP was up by 0.93% to $1.11021. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.09806 before rising to a high $1.11838.

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

XRPUSD 090921 Hourly Chart

For the day ahead

Ripple’s XRP would need to avoid the $1.0867 pivot to bring first major resistance level at $1.1606 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $1.14731.

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

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.2211.

A fall through the $1.0867 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0262 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.9523.

Looking at the Technical Indicators

First Major Support Level: $1.0262

Pivot Level: $1.0867

First Major resistance Level: $1.1606

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