Crypto Market Value hits $2.5 Trillion as Ethereum Hits Record High

Ethereum is partially responsible for this feat, has it has recorded weekly gains of about 30% with Ether breaking new highs with Ether hitting $4,000 on the FTX exchange.

At press time the global crypto market value stood at $2.49 Trillion a 1.17% increase over the last day.

The total daily cryptomarket volume hovers around $246 Billion, which postulates a 13.65% increase. The

Bitcoin’s price is currently $59,219.08 with its dominance reaching a record low of 44.44%, while Ethereum’s dominance is at 18.3%.

Taking a fundamental look at Bitcoin, reveals investors see it has store of value, making the crypto asset’s dormancy a reasonable proxy for why many institutional investors use it majorly as a Treasury asset while Ethereum represents a far more active use for the global financial ecosystem, which is usually deployed for applications and smart contracts.

The sudden growth cited in the crypto-verse especially in the last four months is attributed to the credence gotten from leading global brands, with the likes of Mastercard, Tesla, PayPal, Visa, and even Hedge Funds showing significant interest in its technology and hedge against their traditional investments.

Market’s pundits have also cited that the heightened interests, emanating institutional record cash inflows as seen from leading hedge funds, and lately, the powerful financial brands that include Goldman Sachs, JP Morgan Chase, have bolstered the new financial asset class market valuation in breaking record highs.

Though Bitcoin and ether are the top leading crypto assets by market value and trading volume other crypto-assets like Polkadot, dogecoin, Chainlink, Cardano are trading near record highs, this suggests that the value of the cryptocurrency market could keep breaking new highs as more blockchain-based applications go mainstream.

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

Bitcoin, BTC to USD, fell by 1.05% on Sunday. Partially reversing a 2.71% gain from Saturday, Bitcoin ended the week up by 2.95% to $58,276.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $59,236.5 before hitting reverse.

Falling short of the first major resistance level at $59,918, Bitcoin slid to a mid-day intraday low $56,255.0.

Bitcoin fell through the first major support level at $57,407 before a late move back through to $58,000 levels.

The near-term bullish trend remained intact supported by the latest visit to $59,000 levels. For the bears, Bitcoin would need to slide 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.

Crypto.com Coin slid by 5.88% to lead the way down, with Bitcoin Cash SV (-1.57%) and Ripple’s XRP (-1.80%) also joining Bitcoin in the red.

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

Cardano’s ADA and Litecoin rallied by 8.88% and by 11.66% respectively to lead the way, with Chainlink (+7.40%) also finding strong support.

Binance Coin (+2.37%), Ethereum (+0.29%), and Polkadot (+2.07%) also avoided the red.

It was also a mixed week for the cryptos in the week ending 9th May.

Crypto.com Coin (-6.08%) and Ripple’s XRP (-1.65%) saw red to buck the trend for the week.

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

Litecoin led the way, surging by 44.30%.

Binance Coin (+23.05%), Cardano’s ADA (+33.16%), Chainlink 32.37%, and Ethereum (+33.07%) also found strong support.

Bitcoin Cash SV (+7.55%) and Polkadot (+6.93%) trailed the front runners, however.

In the week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Saturday high $2,482bn. At the time of writing, the total market cap stood at $2,395bn.

Bitcoin’s dominance rose to a Monday high 49.44% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 45.43%.

This Morning

At the time of writing, Bitcoin was down by 0.20% to $58,157.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,421.4 before falling to a low $58,150.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.14%), Bitcoin Cash SV (+2.15%), Chainlink (+1.09%), Crypto.com Coin (+1.26%), and Litecoin (+2.26%) found early support.

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

Cardano’s ADA (0.39%), Ethereum (-0.51%), Polkadot (-0.13%), and Ripple’s XRP (-0.42%) joined Bitcoin in the red.

BTCUSD 100521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,993 to support a run at the first major resistance level at $59,590.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $59,236.5.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829 before any pullback. The second major resistance level sits at $60,904, with the third major resistance level sitting at $63,886.

Failure to avoid a fall through the pivot at $57,993 would bring the first major support level at $56,609 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,941.

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

Bitcoin, BTC to USD, rose by 2.71% on Saturday. Following on from a 1.59% gain on Friday, Bitcoin ended the day at $58,897.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $56,939.0 before making a move.

Steering clear of the first major support level at $55,554, Bitcoin rallied to a late intraday high $59,450.0.

Bitcoin broke through the first major resistance level at $58,889 before easing back to sub-$59,000 levels.

The near-term bullish trend remained intact supported by the latest visit to $59,000 levels. For the bears, Bitcoin would need to slide 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.

Ethereum rallied by 12.41% to lead the way, with Binance Coin (+3.59%) and Litecoin (+0.71%), also joining Bitcoin in the green.

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

Bitcoin Cash SV fell by 3.23% to lead the way down,

Cardano’s ADA (-1.87%) Chainlink (-0.95%), Crypto.com Coin (-2.93%), Polkadot (-2.50%), and Ripple’s XRP (-1.01%) also saw red.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Saturday high $2,482bn. At the time of writing, the total market cap stood at $2,332bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%.

This Morning

At the time of writing, Bitcoin was down by 0.22% to $58,766.0. A mixed start to the day saw Bitcoin rise to an early morning high $59,000.0 before falling to a low $58,720.0.

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 2.37% to lead the way down.

BTCUSD 090521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,429 to support a run at the first major resistance level at $59,918.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $59,450.0.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829 before any pullback. The second major resistance level sits at $60,940, with the third major resistance level sitting at $63,451.

Failure to avoid a fall through the pivot at $58,429 would bring the first major support level at $57,407 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $55,918.

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

Bitcoin, BTC to USD, rose by 1.59% on Friday. Partially reversing a 1.80% loss from Thursday, Bitcoin ended the day at $57,349.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,300.0 before making a move.

Steering clear of the first major support level at $55,040, Bitcoin rallied to a late afternoon intraday high $58,635.0.

Bitcoin broke through the first major resistance level at $58,101 before easing back to sub-$57,000 levels.

Finding late support, however, Bitcoin moved back through to $57,000 levels to deliver the upside on the day.

The near-term bullish trend remained intact supported by the recovery to $57,000 levels. For the bears, Bitcoin would need to slide 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.

Chainlink rose by 4.24% to lead the way, with Cardano’s ADA (+0.21%) and Crypto.com Coin (+1.33%) also avoiding the red.

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

Bitcoin Cash SV slid by 11.54% to lead the way down, with Polkadot falling by 5.59%.

Binance Coin (-1.52%), Ethereum (-0.22%), Litecoin (-2.61%), and Ripple’s XRP (-1.44%) saw relatively modest losses.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,332bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%.

This Morning

At the time of writing, Bitcoin was up by 0.11% to $57,411.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,267.0 before rising to a high $57,583.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.09%), Cardano’s ADA (-0.26%), Crypto.com Coin (-0.94%), and Polkadot (-0.16%) saw early red.

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

At the time of writing, Chainlink was up by 0.92% to lead the way.

BTCUSD 080521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,095 to support a run at the first major resistance level at $58,889.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $58,635.0.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $60,430.

Failure to avoid a fall through the pivot at $57,095 would bring the first major support level at $55,554 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $53,760.

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

Bitcoin, BTC to USD, fell by 1.80% on Thursday. Partially reversing a 7.95% gain from Wednesday, Bitcoin ended the day at $56,450.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $58,343.0 before hitting reverse.

Falling short of the first major resistance level at $59,270.0, Bitcoin fell to a late intraday low $55,282.0.

Steering clear of the first major support level at $54,332, Bitcoin revisited $56,700 levels before easing back.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$53,000 levels. For the bears, Bitcoin would need to slide 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.

Cardano’s ADA followed Wednesday’s 16.62% rally with a 11.39% gain.

Crypto.com Coin and Polkadot also found support, rising by 4.72% and by 4.67% respectively.

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

Chainlink fell by 4.87% to lead the way down.

Binance Coin (-2.70%), Bitcoin Cash SV (-0.28%), Ethereum (-1.05%), Litecoin (-0.58%), and Ripple’s XRP (-0.68%) also joined Bitcoin in the red.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,341bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.66%. At the time of writing, Bitcoin’s dominance stood at 45.49%.

This Morning

At the time of writing, Bitcoin was up by 0.83% to $56,920.0. A mixed start to the day saw Bitcoin fall to an early morning low $56,102.0 before rising to a high $56,920.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, falling by 0.92%.

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

At the time of writing, Cardano’s ADA was up by 1.90% to lead the way.

BTCUSD 070521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $56,692 to support a run at the first major resistance level at $58,101.

Support from the broader market would be needed for Bitcoin to break back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level Thursday’s high $58,343.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,753.

Failure to avoid a fall back through the pivot at $56,692 would bring the first major support level at $55,040 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $53,631.

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

Bitcoin, BTC to USD, slid by 6.81% on Tuesday. Reversing a 0.96% gain from Monday, Bitcoin ended the day at $53,251.0.

It was a particularly bearish day. Bitcoin slid from an early morning intraday high $57,166.0 to a final hour intraday low $53,067.0.

The extended sell-off saw Bitcoin fall through the first major support level at $56,124 and the second major support level at $55,100.

The near-term bullish trend remained intact in spite of the slide back to $53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-12.62%), Crypto.com Coin (-10.36%), and Ripple’s XRP (-10.85%) led the way down.

Binance Coin (-9.99%), Cardano’s ADA (-6.75%), and Ethereum (-5.65%) also struggled.

Chainlink (+8.34%), Litecoin (+3.59%), and Polkadot (+0.35%) bucked the trend on the day, however.

Early in the week, the crypto total market rose to a Monday high $2,331bn before falling to a Tuesday low $2,064bn. At the time of writing, the total market cap stood at $2,216bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Tuesday low 46.04%. At the time of writing, Bitcoin’s dominance stood at 46.62%.

This Morning

At the time of writing, Bitcoin was up by 3.85% to $55,300.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,960.0 before rising to a high $55,425.0.

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 10.60% to lead the way.

BTCUSD 050521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $54,495 to support a run at the first major resistance level at $55,922.

Support from the broader market would be needed for Bitcoin to breakout from this morning’s high $55,425.0.

Barring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,594.

Failure to avoid a fall back through the pivot at $54,495 would bring the first major support level at $51,823 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The 23.6% FIB of $50,473 and the second major support level at $50,396 should limit the downside.

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

Bitcoin, BTC to USD, fell by 2.02% on Sunday. Reversing a 0.25% gain from Saturday, Bitcoin ended the week up by 15.22% to $56,605.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $57,900.0 before hitting reverse.

Falling short of the first major resistance level at $58,400, Bitcoin fell to a mid-morning intraday low $56,050.0.

Bitcoin fell through the first major support level at $57,074 before briefly revisiting $57,300 levels.

Failing to move back into positive territory, Bitcoin fell back through the first major support level to end the day at sub-$57,000 levels.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot rose by 1.39% to lead the way, with Binance Coin (+0.21%), Ethereum (+0.11%) also finding support.

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

Ripple’s XRP slid by 5.72% to lead the way down, with Chainlink ending the day down by 4.27%.

Bitcoin Cash SV (-2.17%), Cardano’s ADA (-1.84%) and Crypto.com Coin (-2.93%), and Litecoin (-2.86%) also struggled.

In the week, the crypto total market fell to a Monday low $1,778bn before rising to a Saturday high $2,229bn. At the time of writing, the total market cap stood at $2,208bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Sunday low 48.76%. At the time of writing, Bitcoin’s dominance stood at 49.01%.

This Morning

At the time of writing, Bitcoin was up by 2.05% to $57,762.6. A bullish start to the day saw Bitcoin rise from an early morning low $56,574.0 to a high $58,279.0 before easing back.

Bitcoin broke through the first major resistance level at $57,653 early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Ethereum and Ripple’s XRP were up by 3.16% and by 3.07% respectively to lead the way.

BTCUSD 030521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $57,653 to bring the second major resistance level at $58,702 into play.

Support from the broader market would be needed for Bitcoin to breakout from the morning high $58,279.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The third major resistance level sits at $60,552.

A fall back through the first major resistance level would bring the pivot at $56,852 and the first major support level at $55,803 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level at $55,002 should limit the downside.

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

Bitcoin, BTC to USD, rose by 0.25% on Saturday. Consolidating Friday’s 7.59% gain, Bitcoin ended the day at $57,774.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $58,326.0 before hitting reverse.

Falling short of the first major resistance level at $59,260, Bitcoin fell to a mid-afternoon intraday low $57,000.0.

Steering clear of the first major support level at $54,534, Bitcoin revisited $57,900 levels before easing back.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide 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.

Binance Coin (-0.43%), Cardano’s ADA (-0.13%), and Crypto.com Coin (-2.35%) saw red to buck the trend on the day.

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

Bitcoin Cash SV rallied by 12.35% to lead the way, with Chainlink and Ethereum seeing gains of 8.13% and 6.20% respectively.

Litecoin (+1.99%), Polkadot (+0.89%, and Ripple’s XRP (+3.31%) also avoided the red.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Saturday high $2,229bn. At the time of writing, the total market cap stood at $2,188bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Saturday low 49.10%. At the time of writing, Bitcoin’s dominance stood at 49.24%.

This Morning

At the time of writing, Bitcoin was down by 0.43% to $57,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,900.0 before falling to a low $57,461.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.79%), Crypto.com Coin (+0.89%), and Polkadot (+0.19%) found early support to buck the trend.

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

At the time of writing, Ripple’s XRP was down by 1.55% to lead the way down.

BTCUSD 020521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through $57,700 pivot to bring the first major resistance level at $58,400 into play.

Support from the broader market would be needed for Bitcoin to break back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s $58,326 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,026.

Failure to move back through the $57,700 pivot would bring the first major support level at $57,074 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level at $56,374 should limit the downside.

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

Bitcoin, BTC to USD, rallied by 7.59% on Friday. Reversing a 2.36% loss from Thursday, Bitcoin ended the month down by 1.98% to $57,630.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,068.0 before making a move.

Steering clear of the first major support level at $52,221, Bitcoin rallied to a late intraday high $57,611.0.

Bitcoin broke through the first major resistance level at $55,066 and the second major resistance level at $56,567.

Falling short of $58,000 levels, however, Bitcoin eased back to end the day at sub-$57,600 levels.

The near-term bullish trend remained intact supported by the return to $57,000 levels. For the bears, Bitcoin would need to slide 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 bucked the trend, falling by 5.80%.

It was a bullish end to the month for the rest of the majors, however.

Ripple’s XRP rallied by 14.39% to lead the way.

Binance Coin (+3.89%), Bitcoin Cash SV (+5.96%), Cardano’s ADA (+3.68%), Chainlink (+4.65%), Crypto.com Coin (+5.32%), and Litecoin (+6.30%) also made solid gains.

Ethereum (+0.64%) trailed the front runners, however.

For the month of April, it was a mixed month for the majors.

Crypto.com Coin joined Bitcoin in the red, with a 6.49% loss.

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

Ripple’s XRP and Binance Coin surged by 180.63% and by 106.01% respectively to lead the way.

Bitcoin Cash SV (+36.87%), Chainlink (+29.83%), Ethereum (+44.61%), and Litecoin (+37.93%) also found particularly strong support, with Cardano’s ADA gaining 13.61%.

Polkadot saw a modest gain of 0.22%, however.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Friday high $2,193bn. At the time of writing, the total market cap stood at $2,154bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.18%. At the time of writing, Bitcoin’s dominance stood at 50.28%.

This Morning

At the time of writing, Bitcoin was up by 0.28% to $57,794.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,350.0 before rising to a high $57,930.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (+0.36%), Litecoin (+0.46%), and Polkadot (+0.22%) joined Bitcoin in the green early on.

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

At the time of writing, Binance Coin was down by 0.77% to lead the way down.

BTCUSD 010521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $56,164 pivot to bring the first major resistance level at $59,260 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829. The second major resistance level sits at $60,890.

Failure to avoid a fall through the $56,164 would bring the first major support level at $54,334 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $51,438.

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

Bitcoin, BTC to USD, fell by 2.36% on Thursday. Following on from a 0.33% decline on Wednesday, Bitcoin ended the day at $53,566.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $55,222.0 before hitting reverse.

Falling short of the first major resistance level at $56,222, Bitcoin slid to a late intraday low $52,377.0.

The sell-off saw Bitcoin fall through the first major support level at $53,707 and the second major support level at $52.554.

Finding late support, however, Bitcoin broke back through the second major support level to end the day at $53,500 levels.

The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide 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.

Binance Coin and Polkadot rose by 6.60% and by 8.49% respectively to lead the way.

Chainlink (+0.59%), Ethereum (+0.27%), and Ripple’s XRP (+2.90%) also found support.

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

Bitcoin Cash SV (-0.73%), Cardano’s ADA (-2.37%), Crypto.com Coin (-1.01%), and Litecoin (-1.27%) joined Bitcoin in the red.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,013bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.20%. At the time of writing, Bitcoin’s dominance stood at 49.45%.

This Morning

At the time of writing, Bitcoin was down by 0.59% to $53,250.0. A mixed start to the day saw Bitcoin rise to an early morning high $53,638.0 before falling to a low $53,068.0.

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, Binance Coin and Crypto.com Coin were down by 1.73 and by 1.77% respectively to lead the way down.

BTCUSD 300421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $53,722 pivot to bring the first major resistance level at $55,066 into play.

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

Barring an extended crypto rally, the first major resistance level and Thursday’s high $55,222.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $56,567.

Failure to move through the $53,722 would bring the first major support level at $52,221 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $50,877 and the 23.6% FIB of $50,473.

The Crypto Daily – Movers and Shakers – April 28th, 2021

Bitcoin, BTC to USD, rose by 1.76% on Tuesday. Following a 10.12% rally on Monday, Bitcoin ended the day at $55,044.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,304.0 before making a move.

Steering clear of the first major support level at $50,493, Bitcoin rallied to a late intraday high $55,437.0.

Falling short of the first major resistance level at $56,049, however, Bitcoin eased back to sub-$55,000 levels before ending the day at $55,000 levels.

The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide 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 Tuesday.

Bitcoin Cash SV rallied by 10.87% to lead the way.

Binance Coin (+6.29%), Cardano’s ADA (+5.57%), Chainlink (+4.62%), Crypto.com Coin (+5.11%), Ethereum (+5.31%), and Litecoin (+5.12%) also found strong support.

Polkadot (+2.35%) and Ripple’s XRP (+2.94%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,778bn before rising to a Tuesday high $2,078bn. At the time of writing, the total market cap stood at $2,057bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Tuesday low 49.94%. At the time of writing, Bitcoin’s dominance stood at 50.27%.

This Morning

At the time of writing, Bitcoin was up by 0.39% to $55,260.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,010.0 before rising to a high $55,298.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was down by 0.34% to buck the trend early on.

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

At the time of writing, Ripple’s XRP was up by 1.38% to lead the way.

BTCUSD 280421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $54,595 pivot to bring the first major resistance level at $55,886 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $57,000 before any pullback. The second major resistance level sits at $56,728.

Failure to avoid a fall through the $54,595 would bring the first major support level at $53,753 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the 23.6% FIB of $50,473. The second major support level at $52,462 should limit the downside.

The Crypto Daily – The Movers and Shakers – April 26th, 2021

Bitcoin, BTC to USD, fell by 2.03% on Sunday. Following a 1.91% fall on Saturday, Bitcoin ended the week down by 12.54% to $49,129.0.

A mixed start to the day saw Bitcoin break through the 23.6% FIB to strike an early morning high $50,563.0 before hitting reverse.

Falling short of the first major resistance level at $51,291, Bitcoin fell to a late morning low $49,164.0.

While steering clear of the first major support level at $48,942, Bitcoin fell back through the 23.6% FIB of $50,473.

Finding late morning support, however, Bitcoin broke back through the 23.6% FIB to hit an intraday high $50,671.0.

Continuing to fall short of the first major resistance level, Bitcoin slid to a late intraday low $47,112.0.

Falling back through the 23.6% FIB, Bitcoin also fell through the first major support level at $48,942 and the second major support level at $47,722.

Steering clear of sub-$47,000 levels, however, Bitcoin broke back through the major support levels to end the day at $49,100 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide 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.

Ethereum and Polkadot rallied by 4.78% and by 5.00% respectively to lead the way.

Binance Coin (+1.68%), Chainlink (+1.22%), and  Crypto.com Coin (+1.76%) also bucked the trend on the day.

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

Bitcoin Cash SV (-1.82%), Cardano’s ADA (-1.18%), Litecoin (-0.49%), and Ripple’s XRP (-1.88%) joined Bitcoin in the red.

It was also a mixed week for the crypto majors.

Binance Coin and Ethereum rose by 4.81% and by 3.60% respectively to buck the trend in the week.

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

Bitcoin Cash SV and Ripple’s XRP slid by 29.49% and by 26.97% respectively to lead the way down.

Cardano’s ADA (-14.67%), Chainlink (-19.02%), Crypto.com Coin (-13.09%), Litecoin (-18.24%), and Polkadot (-8.64%) also struggled, however.

In the week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,832.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.18%.

This Morning

At the time of writing, Bitcoin was up by 2.13% to $50,173.8. A mixed start to the day saw Bitcoin fall to an early morning low $48,831.0 before rising to a high $50,439.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin fell by 0.81% early on to buck the trend.

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

At the time of writing, Ripple’s XRP was up by 5.25% to lead the way.

BTCUSD 260421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $48,971 pivot to bring the 23.6% FIB of $50,473 and the first major resistance level at $50,829 into play.

Support from the broader market would be needed for Bitcoin to break out from $50,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $51,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,530.

Failure to avoid a fall back through the $48,971 would bring the first major support level at $47,270 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at $45,412 should limit the downside.

The Crypto Daily – Movers and Shakers – April 25th, 2021

Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 1.17% decline on Friday, Bitcoin ended the day at $50,161.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $51,201.0 before hitting reverse.

Falling short of the first major resistance level at $52,993, Bitcoin fell to a late morning intraday low $48,852.0.

While steering clear of the first major support level at $48,422, Bitcoin fell back through the 23.6% FIB of $50,473.

Finding late morning support, however, Bitcoin broke back through the 23.6% FIB to revisit $51,000 levels before easing back.

A bearish end to the day saw Bitcoin fall back through the 23.6% FIB to end the day at sub-$50,200 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide 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 rose by 2.70% to buck the trend on the day.

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

Chainlink and Ripple’s XRP slid by 11.06% and by 10.17% respectively to lead the way down.

Binance Coin (-5.68%), Bitcoin Cash SV (-5.21%), Cardano’s ADA (-4.66%), Ethereum (-6.47%),  Litecoin (-6.77%), and Polkadot (-8.32%) also struggled.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,787.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 52.25%.

This Morning

At the time of writing, Bitcoin was up by 0.15% to $50,238.0. A mixed start to the day saw Bitcoin fall to an early morning low $5,0005.0 before rising to a high $50,273.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was up by 0.25% at the turn of the day to buck the trend.

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

At the time of writing, Crypto.com Coin was down by 3.22% to lead the way down.

BTCUSD 250421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $50,071 pivot to bring the 23.6% FIB of $50,473 and the first major resistance level at $51,291 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $51,201.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,420.

Failure to avoid a fall through the $50,071 pivot would bring the first major support level at $48,942 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level at $47,722 should limit the downside.

The Crypto Daily – Movers and Shakers – April 24th, 2021

Bitcoin, BTC to USD, fell by 1.17% on Friday. Following on from a 3.80% loss on Thursday, Bitcoin ended the day at $51,138.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $52,131.0 before hitting reverse.

Falling short of the first major resistance level at $54,632, Bitcoin tumbled to a late morning intraday low $47,560.0.

Bitcoin fell through the first major support level at $49,710 and the second major support level at $47,678.

More significantly, Bitcoin also fell through the 23.6% FIB of $50,473 before finding support.

Through the rest of the day, Bitcoin broke back through the major support levels and the 23.6% FIB to end the day at $51,100 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide 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 another mixed day on Friday.

Binance Coin (+4.42%), Cardano’s ADA (+1.35%), Chainlink (+0.06%), and Ripple’s XRP (+1.29%) bucked the trend on the day.

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

Crypto.com Coin tumbled by 12.19% to lead the way down.

Bitcoin Cash SV (-6.75%) and Litecoin (-4.38%) also saw heavy losses

Ethereum (-1.22%) and Polkadot (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,643bn. At the time of writing, the total market cap stood at $1,839.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.51%.

This Morning

At the time of writing, Bitcoin was down by 0.85% to $50,705.0. A mixed start to the day saw Bitcoin rise to an early morning high $51,201.0 before falling to a low $50,486.2.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin bucked the trend early on, rising by 2.16%.

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

At the time of writing, Ripple’s XRP was down by 2.01% to lead the way down.

BTCUSD 240421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the 23.6% FIB of $50,473 and the $50,276 pivot to bring the first major resistance level at $52,993 into play.

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

Barring an extended crypto rally, the first major resistance level and Friday’s high $52,131 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,487.

Failure to avoid a fall through the 23.6% FIB and the $50,276 pivot would bring the first major support level at $48,422 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,705.

The Crypto Daily – Movers and Shakers – April 23rd, 2021

Bitcoin, BTC to USD, fell by 3.80% on Thursday. Following on from a 4.77% slide on Wednesday, Bitcoin ended the day at $51,735.0.

A mixed start to the day saw Bitcoin fall to an early morning low $52,525.0 before making a move.

Bitcoin fell through the first major support level at $52,663 before rallying to a mid-day intraday high $55,500.0.

Falling short of the first major resistance level at $55,844, Bitcoin slid to a late intraday low $50,575.0.

The sell-off saw Bitcoin fall back through the first major support level at $52,663.

Bitcoin also fell through the second major support level at $51,545.

Coming within range of the 23.6% FIB of $50,473, Bitcoin revisited $52,200 levels before easing back.

While breaking back through the second major support level, Bitcoin came up short of the first major support level.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide 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 another mixed day on Thursday.

Ethereum (+1.79%) and Polkadot (+1.45%) bucked the trend on the day once more.

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

Ripple’s XRP slid by 10.53% to lead the way down

Binance Coin (-7.22%), Bitcoin Cash SV (-6.67%), Cardano’s ADA (-4.97%), and Crypto.com Coin (-5.58%) also struggled.

Chainlink (-3.43%) and Litecoin (-2.01%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Thursday low $1,794bn. At the time of writing, the total market cap stood at $1,865.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.63%.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $51,665.0. A mixed start to the day saw Bitcoin rise to an early morning high $51,883.0 before falling to a low $51,321.0.

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 9.45% to lead the way down.

BTCUSD 230421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $52,603 to bring the first major resistance level at $54,632 into play.

Support from the broader market would be needed for Bitcoin to break back through to $54,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $55,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,528.

Failure to move through the $52,603 pivot would bring the 23.6% FIB of $50,473 and the first major support level at $49,707 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $47,678.

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

Bitcoin, BTC to USD, rose by 1.53% on Tuesday. Reversing a 0.96% loss from Monday, Bitcoin ended the day at $56,471.2.

A bullish start to the day saw Bitcoin fall to a late morning intraday low $53,337.0 before making a move.

Bitcoin fell through the first major support level at $54,091 before rallying to a late intraday high $57,099.0.

Falling short of the first major resistance level at $57,335, however, Bitcoin eased back to end the day at sub-$56,500 levels.

The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin and Litecoin slipped by 0.26% and by 0.73% respectively to buck the trend on the day.

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

Binance Coin jumped by 16.49% to lead the way.

Cardano’s ADA (+6.08%), Chainlink (+9.12%), Ethereum (+7.81%), and Ripple’s XRP (+5.76%) also found strong support.

Bitcoin Cash SV (+2.95%) and Polkadot (+0.59%), trailed the front runners, however.

Early in the week, the crypto total market rose to a Monday high $2,100bn before sliding to a Tuesday low $1,837bn. At the time of writing, the total market cap stood at $2,043bn.

Bitcoin’s dominance fell to a Monday low 51.28% before rising to a Tuesday high 54.32%. At the time of writing, Bitcoin’s dominance stood at 51.89%.

This Morning

At the time of writing, Bitcoin was up by 0.41% to $56,702.0. A mixed start to the day saw Bitcoin fall to an early morning low $56,353.0 before rising to a high $56,790.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 3.93% to lead the way.

BTCUSD 210421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the pivot level at $55,636 to bring the first major resistance level at $57,935 into play.

Support from the broader market would be needed for Bitcoin to break out from Tuesday’s high $57,099.0.

Barring an extended crypto rally, the first major resistance level and resistance at $58,000.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,398.

Failure to avoid a fall through the $55,636 pivot would bring the first major support level at $54,173 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $51,874.

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

Bitcoin, BTC to USD, slid by 6.29% on Sunday. Following on from a 2.27% decline on Saturday, Bitcoin ended the week down by 6.43% to $56,172.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $60,279.0 before hitting reverse.

Falling short of the first major resistance level at $61,197, Bitcoin tumbled to an early morning intraday low $50,500.0.

The extended sell-off saw Bitcoin fall through the major support levels

Finding support at the 23.6% FIB of $50,473, Bitcoin broke back through the third major resistance level at $55,104 to end the day at $56,100 levels.

The near-term bullish trend remained intact in spite of the slide back to $50,500 levels. For the bears, Bitcoin would need to slide 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.

Crypto.com Coin tumbled by 15.14% to lead the way down, with Bitcoin Cash SV sliding by 12.39%.

Litecoin (-8.92%) and Ripple’s XRP (-8.28%) also saw heavy losses.

Binance Coin (-6.24%), Cardano’s ADA (-6.50%), Chainlink (-2.17%), Ethereum (-3.35%), and Polkadot (-5.14%) saw relatively modest losses on the day.

It was also a mixed week for the majors in the week ending 18th April.

Binance Coin slid by 8.23%, with Crypto.com Coin falling by 5.08% to join Bitcoin in the red.

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

Bitcoin Cash SV jumped by 25.25% to lead the way, with Polkadot rallying by 15.72%.

Cardano’s ADA (+1.32%), Ethereum (+4.23%), Litecoin (+8.68%), and Ripple’s XRP (+4.67%) also ended the week in positive territory.

In the week, the crypto total market rose to a Friday high $2,305bn before sliding to a Sunday low $1,755bn. At the time of writing, the total market cap stood at $2,019bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.37%. At the time of writing, Bitcoin’s dominance stood at 52.52%.

This Morning

At the time of writing, Bitcoin was up by 0.81% to $56,625.1. A mixed start to the day saw Bitcoin fall to an early morning low $55,709.0 before rising to a high $56,666.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot (-0.77%) and Ripple’s XRP (-0.55%) saw red to buck the trend early on.

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

At the time of writing, Chainlink was up by 3.69% to lead the way.

BTCUSD 190421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,650 to bring the first major resistance level at $60,801 into play.

Support from the broader market would be needed for Bitcoin to break back through to $60,000 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $60,279.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,429.

Failure to avoid a fall through the $55,650 pivot would bring the first major support level at $51,022 and the 23.6% FIB of $50,473 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $45,871.

The Crypto Daily – Movers and Shakers – April 18th, 2021

Bitcoin, BTC to USD, fell by 2.27% on Saturday. Following on from a 2.98% decline on Friday, Bitcoin ended the day at $59,927.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $62,450.0 before hitting reverse.

Falling short of the first major resistance level at $63,226, Bitcoin slid to a late afternoon intraday low $59,662.0.

Bitcoin fell through the first major support level at $59,711 before briefly revisiting $60,900 levels.

A bearish end to the day, however, saw Bitcoin fall back to end the day at sub-$60,000 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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.

Polkadot rallied by 3.87% to lead the way, with Binance Coin rising by 1.08%.

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

Bitcoin Cash SV slid by 10.95% to lead the way down.

Cardano’s ADA (-3.18%), Chainlink (-4.89%), Ethereum (-4.45%), and Litecoin (-2.51%) also struggled.

Crypto.com Coin (-0.08%) and Ripple’s XRP (-0.62%) saw modest losses on the day, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,305bn. At the time of writing, the total market cap stood at $2,136bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.38%. At the time of writing, Bitcoin’s dominance stood at 52.85%.

This Morning

At the time of writing, Bitcoin was up by 0.46% to $60,205.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,934.0 before rising to a high $60,279.0.

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, Ripple’s XRP was up by 1.42% to lead the way.

BTCUSD 180421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $60,680 to bring the first major resistance level at $61,697 into play.

Support from the broader market would be needed for Bitcoin to break out from $61,500 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $62,450.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $63,468.

Failure to move through the $60,680 pivot would bring the first major support level at $58,909 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 levels. The second major support level sits at $57,892.

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

Bitcoin, BTC to USD, fell by 2.98% on Friday. Reversing a 0.46% gain from Thursday, Bitcoin ended the day at $61,322.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $63,520.0 before hitting reverse.

Falling short of the first major resistance level at $64,027, Bitcoin slid to a late morning intraday low $60,005.0.

Bitcoin fell through the first major support level at $62,182 and the second major support level at $61,169.

Finding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back.

In spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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 surged by 17.73% to lead the way, with Litecoin rallying by 7.89%.

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

Ripple’s XRP slid by 11.92% to lead the way down

Binance Coin (-6.15%), Cardano’s ADA (-4.51%), and Ethereum (-3.59%) also struggled.

Chainlink (-1.40%), Crypto.com Coin (-0.97%), and Polkadot (-1.84%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Friday low 51.50%. At the time of writing, Bitcoin’s dominance stood at 52.59%.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $61,167.3. A mixed start to the day saw Bitcoin rise to an early morning high $61,675.0 before falling to a low $61,157.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-2.47%) and Crypto.com Coin (-0.64%) joined Bitcoin in the red to buck the early trend.

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

At the time of writing, Litecoin was up by 2.09% to lead the way.

BTCUSD 170421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $61,616 to bring the first major resistance level at $63,226 into play.

Support from the broader market would be needed for Bitcoin to break back through to $63,000 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $63,520.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,131.

Failure to move back through the $61,616 pivot would bring the first major support level at $59,711 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $58,101.

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

Bitcoin, BTC to USD, rose by 0.46% on Thursday. Partially reversing a 0.95% decline from Wednesday, Bitcoin ended the day at $63,196.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $62,000.0 before making a move.

Steering clear of the first major support level at $61,204, Bitcoin struck a late intraday high $63,845.0.

Falling well short of the first major resistance level at $64,727, Bitcoin eased back to end the day at sub-$63,200 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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.

Ripple’s XRP slid by 4.17% to lead the way down

Binance Coin (-1.36%) and Polkadot (-0.02%) also saw red to buck the trend on the day.

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

Bitcoin Cash SV rallied by 12.38% to lead the way.

Chainlink (+3.18%), Crypto.com Coin (+3.20%), Ethereum (+3.49%), and Litecoin (+2.67%) also made solid gains.

Cardano’s ADA (+1.93%) and Polkadot (+1.87%) and trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Wednesday high $2,259bn. At the time of writing, the total market cap stood at $2,214bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Thursday low 52.92%. At the time of writing, Bitcoin’s dominance stood at 53.53%.

This Morning

At the time of writing, Bitcoin up by 0.28% to $63,5.037. A mixed start to the day saw Bitcoin fall to an early morning low $63,083.2 before rising to a high $63,417.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.47%), Cardano’s ADA (-0.06%), and Polkadot (-0.05%) saw red early on.

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

At the time of writing, Crypto.com Coin was up by 1.68% to lead the way.

BTCUSD 160421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $63,014 to bring the first major resistance level at $64,027 into play.

Support from the broader market would be needed for Bitcoin to break back through to $64,000 levels.

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

In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $64,859.

Failure to avoid a fall through the $63,014 pivot would bring the first major support level at $62,182 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $61,169.