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

Bitcoin, BTC to USD, fell by 1.79% on Saturday. Partially reversing a 5.43% rally from Friday, Bitcoin ended the day at $41,439.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,398.0 before hitting reverse.

Falling well short of the first major resistance level at $43,562, Bitcoin fell to a late afternoon intraday low $41,051.0.

While steering clear of the first majors support level at $39,605, Bitcoin fell through the 38.2% FIB of $41,592.

Steering clear of sub-$41,000 levels, Bitcoin briefly broke back through the 38.2% FIB of $41,592 before a late slide back to sub-$41,500 levels.

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

The Rest of the Pack

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

Bitcoin Cash SV fell by 1.60% to lead the way down, with Litecoin (-0.81%) and Ripple’s XRP (-0.89%) also joining Bitcoin in the red.

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

Polkadot and Crypto.com Coin rallied by 8.05% and by 5.10% respectively to lead the way.

Binance Coin (+3.12%), Chainlink (+1.92%), and Ethereum (+2.84%) also found strong support.

Cardano’s ADA (+0.71%) trailed the front runners, however.

In the current the week, the crypto total market fell to a Monday low $1,379bn before rising to a Saturday high $1,646bn. At the time of writing, the total market cap stood at $1,605bn.

Bitcoin’s dominance fell to a Monday low 47.07% before rising to a Saturday high 49.18%. At the time of writing, Bitcoin’s dominance stood at 48.29%.

This Morning

At the time of writing, Bitcoin was down by 0.78% to $41,115.0. A mixed start to the day saw Bitcoin rise to an early morning high $41,468.9 before falling to a low $41,105.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was up by 1.02% at the start of the day 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 0.40% to lead the way down.

BTCUSD 010821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the 38.2% FIB of $41,592 and the $41,629 pivot to bring the first major resistance level at $42,208 into play.

Support from the broader market would be needed for Bitcoin to break back through to $42,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $42,398.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $43,500 before any pullback. The second major resistance level sits at $42,976.

Failure to move through the 38.2% FIB and the $41,629 pivot would bring the first major support level at $40,861 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$40,000 levels. The second major support level at $40,282 should limit the downside.

The Crypto Daily – Movers and Shakers – July 31st, 2021

Bitcoin, BTC to USD, rallied by 5.43% on Friday. Following a 0.05% gain on Thursday, Bitcoin ended the day at $42,214.5.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $38,343.0 before making a move.

Bitcoin fell through the first major support level at $39,331 before rallying to a final hour intraday high $42,299.2.

Bitcoin broke through the first major resistance level at $40,682 and the second major resistance level at $41,328.

More significantly, Bitcoin also broke through the 38.2% FIB of $41,592 to end the day at $42,000 levels.

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

The Rest of the Pack

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

Crypto.com Coin and Polkadot fell by 1.22% and by 1.83% respectively to buck the trend on the day.

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

Chainlink surged by 15.16% to lead the way. Bitcoin Cash SV (+3.99%), Ethereum (+3.37%), and Litecoin (+2.86%) also found strong support.

Binance Coin (+1.73%), Cardano’s ADA (+1.99%), and Ripple’s XRP (+0.38%) trailed the front runners, however.

In the current the week, the crypto total market fell to a Monday low $1,379bn before rising to a Friday high $1,640bn. At the time of writing, the total market cap stood at $1,610bn.

Bitcoin’s dominance fell to a Monday low 47.07% before jumping to a Wednesday high 49.16%. At the time of writing, Bitcoin’s dominance stood at 49.02%.

This Morning

At the time of writing, Bitcoin was down by 0.47% to $42,017.0. A mixed start to the day saw Bitcoin rise to an early morning high $42,398.0 before falling to a low $41,677.5.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down by 0.99% to buck the early trend and join Bitcoin in the red.

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

At the time of writing, Crypto.com Coin was up by 4.85% to lead the way.

BTCUSD 310721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the 38.2% FIB of $41,592 and the $40,952 pivot to bring the first major resistance level at $43,562 into play.

Support from the broader market would be needed for Bitcoin to break out from $42,500 levels.

Barring a broad-based 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 $45,000 before any pullback. The second major resistance level sits at $44,908.

A fall through the 38.2% FIB and the $40,952 pivot would bring the first major support level at $39,605 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$38,000 levels. The second major support level sits at $36,966.

Bitcoin Price Prediction – Failure to Hit $40,500 Would Bring sub-$38,000 into Play

After a bullish day for the crypto majors on Thursday, it has been a bearish morning for Bitcoin and the broader crypto market this morning.

At the time of writing, Bitcoin, BTC to USD, was down by 3.47% to $38,646.8.

A mixed start to the day saw Bitcoin rise to an early morning high $40,248.0 before hitting reverse.

Falling short of the first major resistance level at $40,682, Bitcoin slid to a late morning intraday low $38,343.0.

Bitcoin fell through the first major support level at $39,331 and the second major support level at $38,626.

Steering clear of sub-$38,000 levels, Bitcoin moved back through the 2nd major support level going into the afternoon.

BTCUSD 300721 Hourly Chart

The Rest of the Pack

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

At the time of writing, Ripple’s XRP was down by 3.91% to lead the way down, with Litecoin (-3.64%) also struggling.

Binance Coin (-2.46%), Bitcoin Cash SV (-1.98%), Cardano’s ADA (-2.01%), Chainlink (-1.53%), Crypto.com Coin (-1.62%), and Ethereum (-1.92%) were not far behind, however.

Through the early hours, the crypto total market rose to an early morning high $1,569bn before falling to a low $1,495bn. At the time of writing, the total market cap stood at $1,509bn.

Bitcoin’s dominance rose to an early high 48.47% before falling to a low 48.07%. At the time of writing, Bitcoin’s dominance stood at 48.12%.

For the Afternoon Ahead

Bitcoin would need to move back through the first major support level and the $39,977 pivot to bring the first major resistance level at $40,682 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally through the afternoon, the first major resistance level at $40,682 would likely limit any upside.

In the event of a breakout, however, Bitcoin should target the 38.2% FIB of $41,592 before any pullback. The second major resistance level sits at $41,328.

Failure to move back through the first major support level at $39,331 pivot would bring the second major support level at $38,626 back into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$38,000 levels, however. The third major support level sits at $37,275.

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

A further narrowing of the 50 on 100 and 200 EMAs this afternoon would bring sub-$38,000 levels into play.

Key going into the afternoon will be for Bitcoin to avoid a fall back through the morning low $38,343.0 to sub-$38,000 levels.

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

Bitcoin, BTC to USD, rose by 0.05% on Thursday. Following a 1.33% gain from Wednesday, Bitcoin ended the day at $40,036.1.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $39,272.0 before making a move.

Steering clear of the first major support level at $38,913, Bitcoin rose to a late morning intraday high $40,623.0.

Falling short the first major resistance level at $41,010, however, Bitcoin fell back to sub-$39,500 levels before finding support. A late move back through to $40,000 reversed losses from the day.

The near-term bullish trend remained intact, supported by the latest return to $40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA slipped by 0.15% to buck the trend.

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

Polkadot rallied by 4.94% to lead the way, with Crypto.com Coin (+2.33%), Ethereum (+3.59%), and Ripple’s XRP (+2.39%) also finding strong support.

Binance Coin (+1.00%), Bitcoin Cash SV (+0.41%), Chainlink (+1.36%), and Litecoin (+0.74%) saw modest gains, however.

In the current the week, the crypto total market fell to a Monday low $1,379bn before rising to a Monday high $1,606bn. At the time of writing, the total market cap stood at $1,553bn.

Bitcoin’s dominance fell to a Monday low 47.07% before jumping to a Wednesday high 49.16%. At the time of writing, Bitcoin’s dominance stood at 48.44%.

This Morning

At the time of writing, Bitcoin was up by 0.09% to $40,071.0. A mixed start to the day saw Bitcoin fall to an early morning low $39,779.0 before rising to a high $40,122.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.15%), Chainlink (-0.06%), Polkadot (-0.50%), and Ripple’s XRP (-0.33%) saw early red.

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

At the time of writing, Crypto.com Coin was up by 0.81% to lead the way.

BTCUSD 300721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $39,977 pivot to bring the first major resistance level at $40,682 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $40,623.0.

Barring a broad-based 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 the 38.2% FIB of $41,592 before any pullback. The second major resistance level sits at $41,328.

Failure to avoid a fall back through the $39,977 pivot would bring the first major support level at $39,331 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $38,626.

Bitcoin Price Prediction – Avoiding a Return to sub-$40,000 Would Bring $41,500 into Play

After a bullish day for the crypto majors on Wednesday, it has been a mixed morning for Bitcoin and the broader crypto market this morning.

At the time of writing, Bitcoin, BTC to USD, was up by 0.21%to $40,100.0.

A mixed start to the day saw Bitcoin fall to an early morning low $39,272.0 before making a move.

Steering clear of the first major support level at $38,913, Bitcoin rose to a late morning current day high $40,623.0.

Bitcoin fell short of Wednesday’s high $40,900.0 and the first major resistance level at $41,010.

BTCUSD 290721 Hourly Chart

The Rest of the Pack

It has been yet another mixed morning for the broader crypto market.

At the time of writing, Ripple’s XRP was down by 3.47%, giving up some of Wednesday’s 13.8% rally.

Bitcoin Cash SV (-0.10%), Cardano’s ADA (-0.66%), Chainlink (-0.36%), Litecoin (-0.51%) also struggled.

It has been a relatively bullish morning for the rest of the majors, however.

Through the morning, Polkadot was up by 1.46% to lead the way, with Crypto.com Coin gaining 1.33%.

Binance Coin (+0.16%) and Ethereum (+0.48%) also found support.

Through the early hours, the crypto total market fell to an early morning low $1,507bn before rising to a high $1,552bn. At the time of writing, the total market cap stood at $1,538bn.

Bitcoin’s dominance fell to an early low 48.90% before rising to a high 49.15%. At the time of writing, Bitcoin’s dominance stood at 48.95%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the $39,907 pivot to bring the first major resistance level at $41,010 back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $40,623.0.

Barring an extended crypto rally through the afternoon, expect resistance at $40,500 to pin Bitcoin back.

In the event of a breakout, however, Bitcoin should target $42,500 levels before any pullback. The second major resistance level sits at $42,004. Bitcoin would need plenty of support, however, to breakout from the 38.2% FIB of $41,592.

A fall back through the $39,907 pivot would bring the first major support level at $38,913 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$38,000 levels, however. The second major support level sits at $37,810.

Looking beyond the support and resistance levels, we saw the 50 EMA hold its ground against the 100 and 200 EMAs this morning. This supported the modest upside through the morning.

A widening of the 50 from 100 and 200 EMAs this afternoon would bring the 38.2% FIB of $41,592 into play.

Key going into the afternoon will be for Bitcoin to avoid a fall back through the pivot to sub-$39,500 levels.

Bitcoin Price Prediction – Bulls Target $41,500 to Support a Breakout to $45,000

After relatively bullish day for the crypto majors on Tuesday, it was another bullish start to the day for the broader market.

At the time of writing, Bitcoin, BTC to USD, was up by 2.81%to $40,611.5.

A mixed start to the day saw Bitcoin fall to an early morning low $38,933.0 before making a move.

Steering clear of the first major support level at $37,416, Bitcoin rallied to a late morning intraday high $40,900.0.

Bitcoin broke through the first major resistance level at $40,587 to test resistance at $41,000 before easing back.

In spite of easing back, Bitcoin avoided a fall back through the first major resistance level through the morning.

The Rest of the Pack

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

At the time of writing, Polkadot was down by 0.92% to buck the trend through the morning.

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

Through the morning, Ripple’s XRP was up by 13.84% to lead the way.

Bitcoin Cash SV (+2.07%), Cardano’s ADA (+2.02%), Crypto.com Coin (+3.94%), Litecoin (+3.99%) also found strong support.

Binance Coin (+0.86%), Chainlink (+0.45%), and Ethereum (+1.12%) trailed the front runners, however.

Through the early hours, the crypto total market fell to an early morning low $1,498bn before rising to a high $1,561bn. At the time of writing, the total market cap stood at $1,555bn.

Bitcoin’s dominance fell to an early low 48.70% before rising to a high 49.24%. At the time of writing, Bitcoin’s dominance stood at 49.16%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $40,587 bring the 38.2% FIB of $41,592 into play.

Support from the broader market would be needed for Bitcoin to breakout from the morning high $40,900.0, however.

Barring an extended crypto rally, the 38.2% FIB and the second major resistance level at $41,673 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could target $45,000 levels. The third major resistance level sits at $44,844.

A fall back through the first major resistance level and a fall through the $38,502 pivot would bring the first major support level at $37,416 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$38,000 levels, however. The second major support level sits at $35,331.

Looking beyond the support and resistance levels, we saw the 50 EMA pull further away from the 100 and 200 EMAs this morning. This supported the morning gains and a run at $41,000 levels.

We also saw the 100 EMA pull further away from the 200 EMA, providing further support to Bitcoin and the crypto bulls.

A further widening of the 50 from 100 and 200 EMAs this afternoon would bring $42,000 levels into play.

Key going into the afternoon will be for Bitcoin to avoid a fall back through the first major resistance level to sub-$40,000 levels.

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

Bitcoin, BTC to USD, rallied by 6.00% on Tuesday. Following a 5.24% gain on Monday, Bitcoin ended the day at $39,500.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $36,418.0 before making a move.

Steering clear of the first major support level at $34,804, Bitcoin rallied to a late intraday high $39,589.0.

In spite of the late rally, Bitcoin fell short of the first major resistance level at $40,166.

The near-term bullish trend remained intact, supported by the latest return to $40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot slid by 2.64%, with Crypto.com Coin falling by 0.50% to buck the trend on the day.

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

Chainlink rallied by 7.74% to lead the way once more.

Binance Coin (+3.21%), Bitcoin Cash SV (+4.06%), Ethereum (+3.23%), Litecoin (+2.78%), and Ripple’s XRP (+3.44%) also found strong support.

Cardano’s ADA (+2.00%) and trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,379bn before rising to a Monday high $1,605bn. At the time of writing, the total market cap stood at $1,517bn.

Bitcoin’s dominance fell to a Monday low 47.07% before jumping to an early Wednesday high 48.79%. At the time of writing, Bitcoin’s dominance stood at 48.77%.

This Morning

At the time of writing, Bitcoin was down by 0.54% to $39,285.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,590.4 before falling to a low $39,095.6.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (+2.51%), Polkadot (+0.44%), and Ripple’s XRP (+0.21%) found early support.

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

At the time of writing, Chainlink was down by 0.71% to lead the way down.

BTCUSD 280721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $38,502 pivot to bring the first major resistance level at $40,587 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring a broad-based 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 the 38.2% FIB of $41,592 before any pullback. The second major resistance level sits at $41,673.

A fall through the $38,502 pivot would bring the first major support level at $37,416 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $35,331.

Bitcoin Price Prediction – A Return to $40,000 Would Bring $45,000 into View

After Monday’s breakout session that fizzled out late in the day, Bitcoin and the broader market had a mixed session this morning.

At the time of writing, Bitcoin, BTC to USD, was up by 0.53%to $37,468.8.

A mixed start to the day saw Bitcoin rise to an early morning high $37,525.0 before hitting reverse

Falling well short of the first major resistance level at $40,166, Bitcoin fell back to an early morning low $36,418.0.

Steering clear of the first major support level at $34,804, however, Bitcoin found early support to return to $37,000 levels.

BTCUSD 270721 Hourly Chart

The Rest of the Pack

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

At the time of writing, Crypto.com Coin was down by 2.09% to lead the way down.

Litecoin (-0.75%) and Polkadot (-1.16%) also bucked the trend early on.

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

Through the morning, Chainlink was up by 3.00% to lead the way once more.

Binance Coin (+1.39%), Cardano’s ADA (+0.76%), Ethereum (+0.52%), and Ripple’s XRP (+1.34%) also found morning support.

Bitcoin Cash SV was flat for the morning, however.

Through the early hours, the crypto total market rose to an early morning high $1,465bn before falling to a low $1,417bn. At the time of writing, the total market cap stood at $1,464bn.

Bitcoin’s dominance fell to an early low 48.03% before rising to a high 48.43%. At the time of writing, Bitcoin’s dominance stood at 48.05%.

For the Afternoon Ahead

Bitcoin would need to move through the $37,699 pivot to bring the first major resistance level at $40,166 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s $40,595.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $43,061. Bitcoin would need plenty of support, however, to breakout from the 38.2% FIB of $41,592.

Failure to move through the $37,699 pivot would bring the first major support level at $34,804 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$35,000 levels, however. The second major support level sits at $32,337.

Looking beyond the support and resistance levels, we saw the 50 EMA flatten on the 100 and 200 EMAs this morning. This led to the relatively range-bound session, with Bitcoin failing to break back through to $40,000 levels.

We saw the 100 EMA pull away from the 200 EMA, however, providing support to Bitcoin and the crypto bulls.

A further narrowing of the 50 on 100 and 200 EMAs this afternoon would bring sub-$36,000 levels into play.

Key going into the afternoon will be for Bitcoin to break through to $37,699 pivot to bring resistance levels into play.

Following late Monday’s reversal, Bitcoin would need to avoid sub-$35,000 levels else face a sharp pullback.

Bitcoin Fork Explained

Since the Beginning

In response to the global financial crisis of 2008, Satoshi Nakamoto ventured into the unknown and delivered the global financial markets with Bitcoin and blockchain tech.

Bitcoin’s creator set on a path to bring to end the control that central banks held over the global financial markets.

The concept and ideology of blockchain and ultimately Bitcoin was to allow the community to advance the technology on a united front in a bid to bring down central banks and the world’s largest financial institutions.

Things have not turned out, perhaps, how Satoshi had intended.

Miners vs Developers

In order to police and keep Bitcoin and the blockchain world moving forward, Bitcoin and the crypto community, not only needed developers, but also miners to verify transactions on the Bitcoin network and other crypto networks.

In contrast to Satoshi’s ambition to decentralize, miners and developers, have on occasion, fallen into disagreement over blockchain enhancements and/or developments.

For Bitcoin, minors had cornered the market with mining farms, leaving want-to-be minors out in the cold. This also meant that the income stream was just too large to give up control. Decentralized became centralized in a matter of years.

As a result, the Bitcoin community and the crypto community became divided between those in search of crypto income and the ideologists looking to continue to prize control from governments, central banks, and the world’s largest financial institutions.

This divergence in view and intent ultimately led to the splitting of crypto communities. The crypto technical term for this being a “Fork.”

The Fork

In the crypto sphere, there are two types of forks that investors need to be concerned with. The first and generally of little impact to value and the broader market are soft forks.

In the event of a soft fork, only one blockchain remains valid, with users adopting the changes made to the blockchain.

By contrast, hard forks can have a material impact on price in the lead up and immediate aftermath of a fork.

In a hard fork event, both blockchains coexist. The coexistence occurs from nodes continuing to support the original blockchain.

In some instances, therefore, both blockchains can coexist and remain prominent in the crypto market place. This is when there is sufficient support for both the old and the new versions.

In some cases, however, nodes may eventually shift to the new version, leaving the old blockchain obsolete.

From an investor perspective, an important feature of a hard fork is that holders of the original crypto are awarded the new coins upon completion of the hard fork.

In the case of a successful hard fork, where both chains coexist, the value of the coins can increase substantially.

For this reason, anticipation and an eventual hard fork can have a material impact on price and crypto market volatility.

Since Bitcoin’s creation, the total number of cryptos in the market place have surged to a whopping 11,064 based on numbers from CoinMarketCap.

Notably, in spite of numerous soft and hard forks, Bitcoin (“BTC”) continues to be the dominant crypto.

The 2017 Convergence

Back in late 2017, we did see Bitcoin’s dominance converge with the likes of Ethereum. This coincided with Bitcoin’s first major hard fork, which resulted in the creation of Bitcoin Cash (“BCH”).

While Bitcoin Cash (“BCH”) enjoyed a lengthy period in the top 10 by market cap, a Bitcoin Cash hard fork in late 2018 led to the creation of Bitcoin Cash ABC and Bitcoin Cash SV.

The Bitcoin community have not been alone in dealing with hard forks.

Ethereum hard forked, leading to the creation of Ethereum Classic. In this case, Ethereum Classic maintained the old blockchain history. We also saw Litecoin hard fork, leading to the creation of Litecoin Cash.

In spite of disagreements between respective developers and the communities, however, Bitcoin, Ethereum, and Litecoin have all remained the dominant chain.

Lessons Learned

Major disagreements between developers and communities can lead to significant disruption. More importantly, market stability also comes into question.

Since the headline grabbing hard forks of Bitcoin, Ethereum, and Litecoin, the number of notable hard forks have fallen.

Developers and nodes working together to achieve Satoshi’s ambition of toppling central banks is now a more plausible outcome. Infighting had led to significant disruption and ultimately a marked decline in value.

Stability across the major crypto blockchains have supported the increased adoption. The increased adoption contributed to Bitcoin’s surge to an all-time high $64,829.0, struck in April 2021.

While volatility across the market place will unlikely abate anytime soon. The absence of hard forks and infighting, however, would serve the crypto community and investors well in the short to medium term.

Bitcoin Price Prediction – Bulls Target $40,000 and Beyond

After a bullish end to the week for Bitcoin and the broader market on Sunday, it was a particularly bullish morning for the crypto majors this morning.

At the time of writing, Bitcoin, BTC to USD, was up by 8.97%to $38,591.0.

A mixed start to the day saw Bitcoin fall to an early morning low $35,233.0 before making a move.

Steering clear of the first major support level at $34,386, Bitcoin rallied to an early morning current day high $39,777.0.

Bitcoin broke through the day’s major resistance levels to test resistance at $40,000 before briefly easing back to sub-$38,500 levels.

In spite of the pullback, however, Bitcoin avoided a fall back through the third major resistance level at $38,031.

The Rest of the Pack

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

Through the morning, Chainlink was up by 14.76% to lead the way.

Cardano’s ADA (9.92%), Ethereum (+7.24%), Litecoin (+8.06%), and Ripple’s XRP (+9.06%) also found strong support.

Binance Coin (+5.52%), Bitcoin Cash SV (+4.58%), and Crypto.com Coin (+6.87%) trailed the front runners, however.

Through the morning, Polkadot bucked the trend, falling by 1.12%.

Through the early hours, the crypto total market fell to an early morning low $1,407bn before rising to a high $1,546bn. At the time of writing, the total market cap stood at $1,519bn.

Bitcoin’s dominance fell to an early low 46.93% before rising to a high 48.66%. At the time of writing, Bitcoin’s dominance stood at 47.63%.

For the Afternoon Ahead

Bitcoin would need to avoid a fall through the third major resistance level at $38,031 to support another run at the 38.2% FIB of $41,592.

Support from the broader market would be needed, however, for Bitcoin to breakout from the early morning high $39,777.0.

Barring an extended crypto rally, the resistance at $40,000 would likely continue to cap the upside.

In the event of another extended crypto rally, Bitcoin could test resistance at the 38.2% FIB of $41,592. Bitcoin last visited $42,000 levels back on 22nd May.

A fall through the third major resistance level at $38,031 to sub-$37,000 levels would bring the second major resistance level at $36,473 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$35,000 levels.

The first major resistance level at $35,944 should limit the downside.

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

We also saw the 100 EMA pull away from the 200 EMA adding further support to Bitcoin and the crypto bulls.

A further widening of the 50 and 100 EMAs from the 200 EMA this afternoon would bring the 38.2% FIB into play.

Key going into the afternoon will be for Bitcoin to break back through to $39,000 levels, however.

Following last week’s gains, Bitcoin would need to avoid the day’s $34,915 pivot else face a sharp pullback.

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

Bitcoin, BTC to USD, rose by 3.29% on Sunday. Following a 1.87% gain on Saturday, Bitcoin ended the week up by 11.30% to $35,415.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $33,886.0 before making a move.

Steering clear of the first major support level at $33,625, Bitcoin rallied to a final hour intraday high $35,444.0.

Bitcoin broke through the first major resistance level at $34,730 and the second major resistance level at $35,181 to end the day at $35,400 levels.

The near-term bullish trend remained intact, in spite of the latest return to $29,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot slid by 3.32%, with Cardano’s ADA (-0.32%) and Ripple’s XRP (-0.48%) also seeing red to buck the trend.

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

Chainlink and Litecoin rose by 1.26% and by 1.32% respectively to lead the way.

Binance Coin (+0.37%), Bitcoin Cash SV (+0.77%), Crypto.com Coin (+0.53%), and Ethereum (+0.29%) saw modest gains, however.

In the week, the crypto total market fell to a Tuesday low $1,154bn before rising to a Sunday high $1,430bn. At the time of writing, the total market cap stood at $1,426bn.

Bitcoin’s dominance rose to a Tuesday high 47.63% before falling to a Thursday low 45.91%. At the time of writing, Bitcoin’s dominance stood at 47.03%.

This Morning

At the time of writing, Bitcoin was up by 0.93% to $35,745.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,233.0 before rising to a high $35,886.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was down by 0.04% early on to buck the trend.

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

At the time of writing, Bitcoin Cash SV was up by 3.82% to lead the way.

BTCUSD 260721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $34,915 pivot to bring the first major resistance level at $35,944 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s high $35,886.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $36,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $37,500 before any pullback. The second major resistance level sits at $36,473.

A fall through the $34,915 pivot would bring the first major support level at $34,386 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$33,000 levels. The second major support level at $33,357 should limit the downside.

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

Bitcoin, BTC to USD, rose by 1.87% on Saturday. Following a 4.11% rally on Friday, Bitcoin ended the day at $34,279.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $33,422.0 before making a move.

Steering clear of the first major support level at $32,572, Bitcoin rallied to a late afternoon intraday high $34,527.0.

Bitcoin broke through the first major resistance level at $34,177 before a pullback to $33,700 levels.

Late in the day, however, Bitcoin broke back through the first major resistance level to end the day at $ $34,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to $29,000 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.

Ethereum rose by 2.83% to lead the way, with Cardano’s ADA (+2.11%) and Crypto.com Coin (+2.54%) close behind.

Binance Coin (+0.78%), Chainlink (+1.26%), Litecoin (+1.46%), Polkadot (+0.83%), and  Ripple’s XRP (+0.01%) trailed the front runners, however, with modest gains.

Bitcoin Cash SV ended the day flat.

In the current week, the crypto total market fell to a Tuesday low $1,154bn before rising to a Saturday high $1,410bn. At the time of writing, the total market cap stood at $1,371bn.

Bitcoin’s dominance rose to a Tuesday high 47.63% before falling to a Thursday low 45.91%. At the time of writing, Bitcoin’s dominance stood at 46.48%.

This Morning

At the time of writing, Bitcoin was down by 0.91% to $33,966.0. A mixed start to the day saw Bitcoin rise to an early morning high $34,486.0 before falling to a low $33,951.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin bucked the trend early on, rising by 0.18%.

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

At the time of writing, Chainlink was down by 2.43% to lead the way down.

BTCUSD 250721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $34,076 pivot to bring the first major resistance level at $34,730 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $34,527.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $35,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $35,181.

Failure to move back through the $34,076 pivot would bring the first major support level at $33,625 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$32,000 levels. The second major support level at $32,971 should limit the downside.

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

Bitcoin, BTC to USD, rallied by 4.11% on Friday. Following a 0.52% gain on Thursday, Bitcoin ended the day at $33,650.0.

After a mixed start to the day, Bitcoin fell to a late afternoon intraday low $32,020.0 before making a move.

Steering clear of the first major support level at $30,168, Bitcoin rallied to a late intraday high $33,625.3.

Bitcoin broke through the first major resistance level at $32,698 and the second major resistance level at $33,097 to end the day at $33,650 levels.

The near-term bullish trend remained intact, in spite of the latest return to $29,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin and Polkadot fell by 1.34% and by 2.22% respectively to buck the trend on the day.

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

Ethereum rallied by 4.99% to lead the way.

Chainlink (+2.91%), Litecoin (+2.93%), and Ripple’s XRP (+2.62%) also made solid gains.

Binance Coin (+2.06%), Bitcoin Cash SV (+1.96%), and Cardano’s ADA (+1.89%) trailed the front runners, however.

In the current week, the crypto total market fell to a Tuesday low $1,154bn before rising to a Friday high $1,375bn. At the time of writing, the total market cap stood at $1,358bn.

Bitcoin’s dominance rose to a Tuesday high 47.62% before falling to a Thursday low 45.91%. At the time of writing, Bitcoin’s dominance stood at 46.34%.

This Morning

At the time of writing, Bitcoin was down by 0.35% to $33,532.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,783.0 before falling to a low $33,456.9.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was up by 3.27% to lead the way, with Chainlink (+0.28%) and Litecoin (+0.20%) also in the green.

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

At the time of writing, Binance Coin was down by 0.73% to lead the way.

BTCUSD 240721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $33,098 pivot to bring the first major resistance level at $34,177 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s high $33,783.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $34,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $34,704.

A fall through the $33,098 pivot would bring the first major support level at $32,572 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$31,000 levels. The second major support level at $31,493 should limit the downside.

Bitcoin Price Prediction – A Move Back to $32,500 Would Bring $33,000 into Play

After another bullish day for Bitcoin and the broader market on Thursday, it was a mixed morning for the crypto majors this morning.

At the time of writing, Bitcoin, BTC to USD, was up by 0.32%to $32,422.0. A mixed start to the day saw Bitcoin fall to an early morning low $32,228.0 before making a move.

Steering clear of the first major support level at $31,833, Bitcoin rallied to a mid-morning current day high $32,948.0.

Bitcoin broke through the first major resistance level at $32,708 before falling back to sub-$32,500 levels.

BTCUSD 230721 Hourly Chart

The Rest of the Pack

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

Through the morning, Bitcoin Cash SV was up by 1.96% to lead the way.

Ethereum (+1.72%) and Ripple’s XRP (+0.13%) also bucked the trend early on.

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

Polkadot was down by 2.77% to lead the way down, with Binance Coin (-1.16%), Cardano’s ADA (-1.11%), and Chainlink (-1.73%) also struggling.

Crypto.com Coin (-0.90%) and Litecoin (-0.80%) saw relatively modest losses, however.

Through the early hours, the crypto total market fell to an early morning low $1,308bn before rising to a high $1,342bn. At the time of writing, the total market cap stood at $1,317bn.

Bitcoin’s dominance rose to an early high 46.33% before falling to a low 46.00%. At the time of writing, Bitcoin’s dominance stood at 46.16%.

For the Afternoon Ahead

Bitcoin would need to avoid the $32,222 pivot to bring the first major resistance level at $32,708 into play.

Support from the broader market would be needed, however, for Bitcoin to move back through to $32,500 levels.

Barring an extended crypto rally, the first major resistance level and current day high $32,948.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $33,500. The second major resistance level sits at $33,097.

A fall through the $32,222 pivot would bring the first major support level at $31,833 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$31,000 support levels.

The second major support level at $31,347 should limit the downside.

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

We also saw the 100 EMA narrow on the 200 EMA adding further support to Bitcoin and the crypto bulls.

A further widening of the 50 EMA from the 200 EMA and narrowing of the 100 EMA on the 200 EMA this afternoon would bring $33,000 levels into play. A bullish cross of the 100 through the 200 would support a breakout.

Key going into the afternoon will be for Bitcoin to break back through the first major resistance level at $32,708.

Following Thursday’s gains, Bitcoin would need to avoid the day’s $32,222 pivot else face a sharp pullback.

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

Bitcoin, BTC to USD, rose by 0.52% on Thursday. Following a 7.85% rally on Wednesday, Bitcoin ended the day at $32,320.0.

A range-bound start to the day saw Bitcoin fall to a late morning intraday low $31,735.0 before making a move.

Steering clear of the first major support level at $30,168, Bitcoin rallied to a late afternoon intraday high $32,610.0.

Falling short of the first major resistance level at $33,495, Bitcoin fell back to sub-$32,100 levels and into the red.

Steering clear of sub-$32,000 levels, however, moved back through to $32,300 levels to deliver the upside on the day.

The near-term bullish trend remained intact, in spite of the latest return to $29,000 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.

Bitcoin Cash SV fell by 0.39% to buck the trend on the day.

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

Polkadot rallied by 6.13% to lead the way, with Chainlink (+4.91%), Crypto.com Coin (+3.04%), and Ripple’s XRP (+4.17%) also making solid gains.

Binance Coin (+0.09%), Cardano’s ADA (+1.34%), Ethereum (+1.43%), and Litecoin (+2.44%) trailed the front runners, however.

In the current week, the crypto total market fell to a Tuesday low $1,154bn before rising to a Wednesday high $1,337bn. At the time of writing, the total market cap stood at $1,310bn.

Bitcoin’s dominance rose to a Tuesday high 47.62% before falling to a Thursday low 45.91%. At the time of writing, Bitcoin’s dominance stood at 46.22%.

This Morning

At the time of writing, Bitcoin was down by 0.11% to $32,283.0. A mixed start to the day saw Bitcoin rise to an early morning high $32,449.4 before falling to a low $32,282.4.

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, Cardano’s ADA was down by 0.63% to lead the way down.

BTCUSD 230721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $32,222 pivot to bring the first major resistance level at $32,708 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $32,610.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at $33,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $33,500 before any pullback. The second major resistance level sits at $33,097.

A fall through the $32,222 pivot would bring the first major support level at $31,833 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$31,000 levels. The second major support level at $31,347 should limit the downside.

Bitcoin Price Prediction – A Move Through to $32,800 Would Bring $34,000 Levels into Play

After Wednesday’s broad-based crypto rebound, it was a choppy start to the day for Bitcoin and the broader market.

At the time of writing, Bitcoin, BTC to USD, was down by 0.97%to $31,841.0. A mixed start to the day saw Bitcoin rise to an early morning high $31,382.0 before hitting reverse.

Falling well short of the first major resistance level at $33,495, Bitcoin fell to a late morning current day low $31,794.0.

In spite of the pullback, Bitcoin steered well clear of the first major support level at $30,168 early on.

BTCUSD 220721 Hourly Chart

The Rest of the Pack

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

Through the morning, Bitcoin Cash SV was up by 7.56% to lead the way.

Crypto.com Coin (+1.66%) and Ripple’s XRP (+0.11%) also bucked the trend early on.

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

Ethereum (-1.09%) and Litecoin (-0.93%) led the way down through the morning.

Binance Coin (-0.57%), Cardano’s ADA (-0.41%), Chainlink (-0.53%), and Polkadot (-0.24%) also joined Bitcoin in the red.

Through the early hours, the crypto total market rose to an early morning high $1,312bn before falling to a low $1,282bn. At the time of writing, the total market cap stood at $1,289bn.

Bitcoin’s dominance rose to an early high 46.56% before falling to a low 46.22%. At the time of writing, Bitcoin’s dominance stood at 46.31%.

For the Afternoon Ahead

Bitcoin would need to avoid the $31,509 pivot to bring the first major resistance level at $33,495 into play.

Support from the broader market would be needed, however, for Bitcoin to move back through Wednesday’s high $32,850.

Barring an extended crypto rally, resistance at $33,000 would likely leave Bitcoin short of the first major resistance level.

In the event of another extended crypto rally, Bitcoin could test resistance at $34,000 levels. The second major resistance level sits at $34,836.

A fall through the $31,509 pivot would bring the first major support level at $30,168 into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$30,000 support levels.

The second major support level sits at $28,182.

Looking beyond the support and resistance levels, we saw a bullish cross this morning, with the 50 EMA crossing through the 100 and narrow on the 200 EMA.

We also saw the 100 EMA narrow marginally on the 200 EMA adding further support to Bitcoin and the crypto bulls.

A further widening of the 50 EMA from the 100 EMA and narrowing on the 200 EMA this afternoon would bring $33,000 levels into play.

Key going into the afternoon will be for Bitcoin to break out from Wednesday’s high $32,850.0.

Following Wednesday’s rally, Bitcoin would need to avoid the day’s $31,509 pivot else face a reversal of Wednesday’s gains…

Bitcoin Price Prediction – A Recovery from Early Losses Brings $31,500 into View

After a bearish start to the week, Bitcoin and the majors recovered from early losses to begin the recovery process.

At the time of writing, Bitcoin, BTC to USD, was up by 3.23% to $30,772.0. A mixed start to the day saw Bitcoin fall to an early morning low $29,523.0 before making a move.

Steering clear of the first major support level at $29,055, Bitcoin rallied to a late morning current day high $30,970.8.

Bitcoin broke through the first major resistance level at $30,821 before easing back to sub-$30,800 levels.

BTCUSD 210721 Hourly Chart

The Rest of the Pack

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

Through the morning, Cardano’s ADA was up by 6.82% to lead the way.

Binance Coin (+5.51%), Chainlink (+5.14%), Ethereum (+4.32%), and Litecoin (+4.18%) also found strong support.

Crypto.com Coin (+2.93%), Polkadot (+1.63%), and Ripple’s XRP (+2.96%) trailed the front runners, however.

Through the early hours, the crypto total market fell to an early morning low $1,180bn before rising to a high $1,248bn. At the time of writing, the total market cap stood at $1,237bn.

Bitcoin’s dominance rose to an early high 46.92% before falling to a low 46.52%. At the time of writing, Bitcoin’s dominance stood at 46.64%.

For the Afternoon Ahead

Bitcoin would need to break back through the first major resistance level at $30,821 to bring the second major resistance level at $31,833 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from $31,500 levels.

Barring an extended crypto rally, resistance at $31,500 would likely leave Bitcoin short of the second major resistance level.

In the event of an extended crypto rally, Bitcoin could test resistance at $32,000 levels. The third major resistance level sits at $33,599.

A fall back through the $30,067 pivot would bring the first major support level at $29,055 into play.

Barring another extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$29,000 support levels.

The second major support level sits at $28,301.

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

We also saw the 100 EMA flatten on the 200 EMA adding further support to Bitcoin and the crypto bulls.

A further narrowing of the 50 EMA on the 100 EMA and the 200 EMA this afternoon would bring $31,500 levels into play.

Key going into the afternoon will be for Bitcoin to break back through the first major resistance level at $30,821.

Following 2 days of heavy losses, Bitcoin would need to avoid a fall back through the day’s $30,067 pivot else face a sharp sell-off…

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

Bitcoin, BTC to USD, slid by 3.42% on Tuesday. Following a 3.00% decline on Monday, Bitcoin ended the day at $29,809.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $31,079.0 before hitting reverse.

Falling short of the first major resistance level at $31,695, Bitcoin slid to an early afternoon intraday low $29,313.0.

Bitcoin fell through the first major support level at $30,267 and the second major support level at $29,670.

Steering clear of sub-$29,000 levels, however, Bitcoin revisited $30,000 levels before falling back.

The partial recovery saw Bitcoin move back through the second major support level to end the day at $29,800 levels.

The near-term bullish trend remained intact, in spite of the latest return to $29,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV tumbled by 10.75% to lead the way down.

Binance Coin (-5.71%), Cardano’s ADA (-6.02%), Chainlink (-5.13%), Crypto.com Coin (-3.31%), Litecoin (-5.21%), and Ripple’s XRP (-5.22%) also ended the day in the deep red.

Ethereum (-1.76%) and Polkadot (-0.98%) saw relatively modest losses on the day.

Early in the week, the crypto total market rose to an early Monday high $1,299bn before falling to a Tuesday low $1,154bn. At the time of writing, the total market cap stood at $1,193bn.

Bitcoin’s dominance fell to a Monday low 46.06% before rising to a Tuesday high 47.62%. At the time of writing, Bitcoin’s dominance stood at 46.76%.

This Morning

At the time of writing, Bitcoin was down 0.17% to $29,757.0. A mixed start to the day saw Bitcoin rise to an early morning high $29,867.0 before falling to a low $29,734.0.

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 0.98% to lead the way down.

BTCUSD 210721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $30,067 pivot to bring the first major resistance level at $30,821 into play.

Support from the broader market would be needed for Bitcoin to break out from $30,500 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $31,079.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $32,000 before any pullback. The second major resistance level sits at $31,833.

Failure to move through the $30,067 pivot would bring the first major support level at $29,055 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$28,000 levels. The second major support level at $28,301 should limit the downside.

Bitcoin Price Prediction – Bitcoin’s Rut Continues Leaving Support at $30,000 Key

After a bearish week, Bitcoin and the majors were back in the red at the start of the week.

At the time of writing, Bitcoin, BTC to USD, was down by 1.13% to $31,460.0. A mixed start to the day saw Bitcoin rise to an early morning high $31,928.0 before hitting reverse.

Falling short of the first major resistance level at $31,970, Bitcoin slid to a late morning intraday low $31,407.0.

In spite of the reversal, Bitcoin managed to avoid the first major support level at $31,180 through the morning session.

BTCUSD 190721 Hourly Chart

The Rest of the Pack

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

Through the morning, Bitcoin Cash SV slid by 5.50% to lead the way down.

Binance Coin (-1.49%), Chainlink (-1.59%), Crypto.com Coin (-2.24%), Polkadot (-1.80%), and Ripple’s XRP (-1.73%) also struggled.

Cardano’s ADA (-1.00%), Ethereum (-0.72%), and Litecoin (-0.91%) saw more modest losses, however.

Through the early hours, the crypto total market rose to an early morning high $1,289 before falling to a low $1,271bn. At the time of writing, the total market cap stood at $1,271bn.

Bitcoin’s dominance fell to an early low 46.37% before rising to a high 46.55%. At the time of writing, Bitcoin’s dominance stood at 46.39%.

For the Afternoon Ahead

Bitcoin would need to move back through the $31,795 pivot to bring the first major resistance level at $32,478 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from this morning’s high $31,928.0 and through to $32,000 levels.

Barring a broad-based crypto rebound, the first major resistance level and Sunday’s high $32,453 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $33,000 levels. The second major resistance level sits at $33,137.

Failure to move back through the $31,795 pivot would bring the first major support level at $31,136 back into play.

Barring an extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$30,000 support levels.

The second major support level at $30,453 should continue to limit the downside.

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

We also saw the 100 EMA pull further back from the 200 EMA adding pressure on Bitcoin and the bulls.

A further pullback of the 50 EMA from the 100 EMA and the 200 EMA this afternoon would bring the support levels back into play.

Key going into the afternoon will be for Bitcoin to move back through the pivot to $31,795.

Having been stuck in the ranges in recent days, a lack of support could bring the sub-$31,000 levels into play. An extended sell-off and Bitcoin would likely return to sub-$30,000 for the first time since late June.

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

Bitcoin, BTC to USD, rose by 0.83% on Sunday. Following a 0.42% gain on Saturday, Bitcoin ended the week down by 7.09% to $31,820.0.

A bullish start to the day saw Bitcoin rally to an early morning intraday high $32,453.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $31,970 and the second major resistance level at $32,380.

The reversal, however, saw Bitcoin slide to an early afternoon intraday low $31,111.0.

Bitcoin fell through the first major support level at $31,180 before briefly revisiting $31,900 levels.

Coming up against resistance at $32,000, Bitcoin eased back to end the day at $31,800 levels.

The near-term bullish trend remained intact, in spite of the latest return to $31,000 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.

Crypto.com Coin fell by 1.50% to lead the way down.

Litecoin (-0.76%) and Ethereum (-0.44%) also bucked the trend on the day.

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

Bitcoin Cash SV rallied by 5.82% to lead the way, with Polkadot rising by 2.12%.

Binance Coin (+0.53%), Cardano’s ADA (+0.76%), Chainlink (+0.97%), and Ripple’s XRP (+0.73%) also found support.

It was a bearish week for the majors, however.

Chainlink (-15.58%) led the way down, with Cardano’s ADA (-12.39%), Polkadot (-11.96%), Crypto.com Coin (-11.94%), Ethereum (-11.67%), and Litecoin (-11.27%) also seeing heavy losses.

Binance Coin (-6.14%), Bitcoin Cash SV (-4.39%), and Ripple’s XRP (-7.49%) saw relatively modest losses, however.

In the week, the crypto total market rose to a Monday high $1,419bn before falling to a Friday low $1,248bn. At the time of writing, the total market cap stood at $1,285bn.

Bitcoin’s dominance fell to a Thursday low 45.47% before rising to a Saturday high 46.86%. At the time of writing, Bitcoin’s dominance stood at 46.38%.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $31,806.0. A mixed start to the day saw Bitcoin fall to an early morning low $31,720.0 before rising to a high $31,921.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Ripple’s XRP saw early losses of 0.10% and 0.09% respectively to join Bitcoin in the red.

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

At the time of writing, Ethereum was up by 0.40% to lead the pack.

BTCUSD 190721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $31,794 pivot to bring the first major resistance level at $32,478 into play.

Support from the broader market would be needed for Bitcoin to break back through to $32,400 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $32,453.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $33,500 before any pullback. The second major resistance level sits at $33,137.

A fall back through the $31,795 pivot would bring the first major support level at $31,136 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,453 should limit the downside.