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

Bitcoin, BTC to USD, slid by 7.46% on Friday. Following a 1.95% decline on Thursday, Bitcoin ended the day at $35,661.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $38,889.0 before hitting reverse.

Falling short of the first major resistance level at $40,284, Bitcoin slid to a late intraday low $34,721.0.

The extended sell-off saw Bitcoin fall through the first major support level at $37,005 and the second major support level at $35,474.

Finding late support, Bitcoin broke back through the second major support level to end the day at $35,600 levels.

The near-term bullish trend remained intact in spite of the recent slide back to sub-$30,000 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 Friday.

Binance Coin (-11.03%), Ethereum (-12.07%), Chainlink (-12.05%), and Crypto.com Coin (-11.23%) led the way down.

Bitcoin Cash SV (-9.76%), Cardano’s ADA (-8.61%), Litecoin (-8.75%), and Ripple’s XRP (-7.71%) also struggled.

Polkadot saw a more modest 3.86% loss on the day.

In the current week, the crypto total market fell to a Monday low $1,369bn before rising to a Wednesday high $1,787bn. At the time of writing, the total market cap stood at $1,543bn.

Bitcoin’s dominance rose to a Monday high 47.06% before falling to a Thursday low 42.67%. At the time of writing, Bitcoin’s dominance stood at 43.63%.

This Morning

At the time of writing, Bitcoin was up by 0.84% to $35,961.7. A mixed start to the day saw Bitcoin fall to an early morning low $35,649.8 before rising to a high $36,075.0.

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

Elsewhere, it was also a mixed start to the day.

Crypto.com Coin was down by 3.37% to buck the trend early on.

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

At the time of writing, Bitcoin Cash SV was up by 5.63% to lead the way.

BTCUSD 290521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $36,424 to bring the first major resistance level at $38,126 into play.

Support from the broader market would be needed for Bitcoin to break back through to $38,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Friday’s high $38,889.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 levels. The second major resistance level sits at $40,592.

Failure to move through the pivot at $36,424 would bring the first major support level at $33,958 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 $32,256 should limit the downside.

The U.S Crypto Morning Session – May 28th, 2021

It’s been a bearish start for Bitcoin and the broader crypto market. After Thursday’s pullback, caution continued through the early hours.

At the time of writing, Bitcoin, BTC to USD, was down by 6.43% to $36,059.8. Through the early hours, UTC, Bitcoin rose to an early morning high $38,889.0 before sliding to a late morning low $35,415.0.

The early sell-off saw Bitcoin fall through the first major support level at $37,005. Finding support at the second major support level at $35,474, Bitcoin moved back through to $36,000 levels ahead of the afternoon session.

BTCUSD 280521 Hourly Chart

The Rest of the Pack

Across the rest of the majors, it has been a particularly bearish morning.

At the time of writing, Binance Coin (-10.52%), Bitcoin Cash SV (-11.77%) and Crypto.com Coin (-12.13%) led the way down.

Chainlink (-9.54%), Ethereum (-8.65%), Litecoin (-9.54%) and Ripple’s XRP (-9.40%) were also in the deep red.

Cardano’s ADA (-7.37%) and Polkadot (-4.37%) saw relatively modest losses, however.

Through the early hours, the crypto total market rose to an early morning high $1,683bn before falling to a low $1,508bn. At the time of writing, the total market cap stood at $1,550bn.

Bitcoin’s dominance fell to an early low 42.92% before rising to a high 44.12%. At the time of writing, Bitcoin’s dominance stood at 43.37%.

For the Day Ahead

Bitcoin would need to move back through the first major support level at $37,005 and the $38,753 pivot to support a run at the first major resistance level at $40,284.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $38,889.0.

Barring a broad-based rebound through the early afternoon, resistance at $39,000 would likely continue to limit the upside.

A move back through the $40,000 levels, however, would bring the 38.2% FIB of $41,592 into play. The second major resistance level sits at $42,932.

Looking beyond the support and resistance levels, we saw a bearish cross this morning. The 50 EMA crossed through the 100 EMA delivering the markets with a bearish signal …

A fall back through to sub-$35,500 levels and the second major support level at $35,474 would bring the third major support level at $32,195 into play.

Barring another extended sell-off throughout the afternoon, however, Bitcoin should steer well clear of sub-$30,000 levels.

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

Bitcoin, BTC to USD, fell by 1.95% on Thursday. Partially reversing a 2.42% gain from Wednesday, Bitcoin ended the day at $38,537.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $37,221.0 before making a move.

Bitcoin fell through the first major support level at $37,807 before rising to an early afternoon intraday high $40,500.0.

Falling short of the first major resistance level at $40,840, however, Bitcoin fell back to sub-$39,000 levels and into the red.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin bucked the trend, rising by 4.21%.

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

Cardano’s ADA (-7.02%) and Chainlink (-6.86%) led the way down.

Ethereum (-4.98%) and Ripple’s XRP (-5.79%) also struggled.

Binance Coin (-2.56%), Bitcoin Cash SV (-1.78%), Litecoin (-2.43%) and Polkadot (-0.39%) saw relatively modest losses on the day, however.

In the current week, the crypto total market fell to a Monday low $1,369bn before rising to a Wednesday high $1,786bn. At the time of writing, the total market cap stood at $1,681bn.

Bitcoin’s dominance rose to a Monday high 47.06% before falling to a Thursday low 42.68%. At the time of writing, Bitcoin’s dominance stood at 43.23%.

This Morning

At the time of writing, Bitcoin was up by 0.83% to $38,855.9. A mixed start to the day saw Bitcoin fall to an early morning low $38,100.0 before rising to a high $38,889.0.

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

Elsewhere, it was also a mixed start to the day.

Bitcoin Cash SV and Crypto.com Coin were down by 0.03% and by 2.99% respectively 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 1.70% to lead the way.

BTCUSD 280521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $38,753 to bring the first major resistance level at $40,284 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 Thursday’s high $40,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $43,000 levels. The second major resistance level sits at $42,032. Bitcoin would need plenty of support, however, to breakout from the 38.2% FIB of $41,592.

Failure to avoid a fall back through the pivot at $38,753 would bring the first major support level at $37,005 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$36,000 levels. The second major support level sits at $35,474.

The U.S Crypto Morning Session – May 27th, 2021

It’s been a mixed start for Bitcoin and the broader crypto market. After Wednesday’s bullish session, caution returned through the early hours.

At the time of writing, Bitcoin, BTC to USD, was up by 0.87% to $39,644.8. Through the early hours, UTC, Bitcoin fell to a current day low $37,221.0 before striking a late morning high $39,799.0.

BTCUSD 270521 Hourly Chart

The early sell-off saw Bitcoin fall through the first major support level at $37,807.

In spite of the recovery, however, Bitcoin came up well short of the first major resistance level at $40,840. Resistance at $40,000 proved too strong once more.

The Rest of the Pack

Across the rest of the majors, it has been a mixed morning.

At the time of writing, Chainlink (+2.07%) and Crypto.com Coin (+5.30%) joined Bitcoin in the green to buck the trend early on.

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

Bitcoin Cash SV was down by 4.49% to lead the way down, with Ethereum (-3.07%) and Polkadot (-3.11%) also struggling.

Binance Coin (-1.25%),Cardano’s ADA (-2.13%), Litecoin (-0.06%) and Ripple’s XRP (-1.25%) saw relatively modest losses, however.

Through the early hours, the crypto total market rose to an early morning high $1,723bn before falling to a low $1,604bn. At the time of writing, the total market cap stood at $1,709bn.

Bitcoin’s dominance fell to an early low 42.69% before rising to a high 43.45%. At the time of writing, Bitcoin’s dominance stood at 43.37%.

For the Day Ahead

Bitcoin would need to avoid a fall back through the $39,346 pivot to support another run at the first major resistance level at $40,840.

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

Barring an extended rally through the early afternoon, resistance at $40,000 would likely continue to limit the upside.

A move back through the $40,000 levels, however, would bring the 38.2% FIB of $41,592 and the second major resistance level at $42,378 into play.

Looking beyond the support and resistance levels, we saw the 50 EMA pull further away from the 100 EMA delivering the markets with a bullish signal this morning…

A fall back through the $39,346 pivot would bring the first major support level at $37,807 into play.

Barring another extended sell-off throughout the afternoon, Bitcoin should steer clear of sub-$37,000 levels. The second major support level sits at $36,313.

The U.S Crypto Morning Session – May 26th, 2021

It’s been a bullish start for Bitcoin and the broader crypto market. After Tuesday’s mixed session, appetite for cryptos was on the rise through the early hours.

At the time of writing, Bitcoin, BTC to USD, was up by 3.48% to $39,731.4. Through the early hours, UTC, Bitcoin fell to a current day low $37,851.6 before striking a late morning high $40,884.0.

Steering clear of the first major support level at $36,625, Bitcoin broke through the first major resistance level at $40,000 to test resistance at $41,000.

Bitcoin came up short of the 38.2% FIB of $41,592 and the second major resistance level at $41,602, however.

The Rest of the Pack

Across the rest of the majors, it has been a bullish morning.

At the time of writing, Chainlink was up by 14.39% to lead the way, with Cardano’s ADA up by 12.53%.

Binance Coin (+8.65%), Bitcoin Cash SV (+7.61%), Crypto.com Coin (+7.00%), and Litecoin (+7.81%) also found strong support.

Ethereum (+3.95%), Polkadot (+2.20%), and Ripple’s XRP (+4.63%) trailed the front runners early on, however.

Through the early hours, the crypto total market fell to an early morning low $1,610bn before rising to a high $1,761bn. At the time of writing, the total market cap stood at $1,711bn.

Bitcoin’s dominance rose to an early high 44.05% before falling to a low 43.26%. At the time of writing, Bitcoin’s dominance stood at 43.46%.

For the Day Ahead

Bitcoin would need to avoid a fall back through the $38,227 pivot to support another run at the 38.2% FIB of $41,592.

Support from the broader market would be needed, however, for Bitcoin to break out from this morning’s high $40,884.0.

Barring an extended rally through the early afternoon, resistance at $41,000 would likely continue to limit the upside.

A move back through the $40,500 levels, however, would bring the 38.2% FIB of $41,592 and the second major resistance level at $41,602 back into play.

Looking beyond the support and resistance levels, we saw the 50 EMA break back through the 100 EMA delivering the markets with a bullish signal this morning…

A fall back through the $38,227 pivot would bring the first major support level at $36,625 into play.

Barring another extended sell-off throughout the afternoon, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,853.

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

Bitcoin, BTC to USD, fell by 1.17% on Tuesday. Partially reversing an 11.79% rally from Monday, Bitcoin ended the day at $38,396.8.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $39,829.4 before hitting reverse.

Falling short of the first major resistance level at $41,041, Bitcoin fell to a mid-day intraday low $36,455.0.

Steering clear of the first major support level at $35,575, Bitcoin revisited $38,700 levels before easing back.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin rose by 6.04% to lead the way.

Bitcoin Cash SV (+0.28%), Ethereum (+2.20%), Cardano’s ADA (+0.07%), and Chainlink (+4.63%) also avoided the red to buck the broader trend.

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

Polkadot fell by 3.60% to lead the way down, with Ripple’s XRP (-1.60%) also struggling.

Binance Coin (-0.66%) and Litecoin (-0.75%) saw relatively modest losses on the day.

Early in the week, the crypto total market fell to a Monday low $1,368bn before rising to a Tuesday high $1,714bn. At the time of writing, the total market cap stood at $1,635bn.

Bitcoin’s dominance rose to a Monday high 47.08% before falling to a Tuesday low 43.55%. At the time of writing, Bitcoin’s dominance stood at 43.92%.

 

This Morning

At the time of writing, Bitcoin was down by 0.17% to $38,332.0. A mixed start to the day saw Bitcoin rise to an early morning high $38,622.0 before falling to a low $38,187.0.

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

Elsewhere, it was also a mixed start to the day.

Binance Coin (-0.31%), Litecoin (-0.33%), and Ripple’s XRP (-0.88%) also saw red early on.

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

At the time of writing, Cardano’s ADA was up by 2.74% to lead the way.

BTCUSD 260521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $38,227 to bring the first major resistance level at $40,000 into play.

Support from the broader market would be needed for Bitcoin to break back through to $39,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $39,829.4 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the 38.2% FIB of $41,592 and the second major resistance level at $41,602.

Failure to avoid a fall back through the pivot at $38,227 would bring the first major support level at $36,625 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,853.

The Crypto Morning Recap – May 25th, 2021

It’s been a choppy start to the day for Bitcoin and the broader crypto market. After Monday’s partial recovery of last week’s losses, it’s back into the red, with the majors coughing up early gains.

Through the early hours of this morning, Bitcoin was back down at sub-$37,000, after having tested resistance at $40,000 at the start of the day.

At the time of writing, Bitcoin, BTC to USD, was down by 4.93% to $36,930.0. Through the early hours, UTC, Bitcoin rose to a current day high $39,829.4 before sliding to a current day low $36,455.0.

Bitcoin left the major support and resistance levels untested through the morning.

BTCUSD 250521 Hourly Chart

The Rest of the Pack

Across the rest of the majors, it has been a mixed morning.

Bitcoin Cash SV and Crypto.com Coin were up by 4.25% and by 3.36% respectively to buck the morning trend.

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

At the time of writing, Ripple’s XRP was down by 10.17% to lead the way down.

Binance Coin (-8.71%), Chainlink (-8.21%), Ethereum (-7.91%), Litecoin (-7.62%), and Polkadot (-8.74%) were also deep in the red.

Cardano’s ADA was down by a more modest 5.51%.

Through the early hours, the crypto total market rose to an early morning high $1,710bn before falling to a low $1,503bn. At the time of writing, the total market cap stood at $1,535bn.

Bitcoin’s dominance fell to an early morning low 43.67% before rising to a high 45.42%. At the time of writing, Bitcoin’s dominance stood at 45.08%.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $37,770 pivot to support another run at the first major resistance level at $41,041.

Barring an extended rally through the early afternoon, however, resistance at $40,000 would likely leave Bitcoin short of the major resistance levels.

An early afternoon a move through to $40,000 levels, however, would bring the second major resistance level at $43,236 into play. Bitcoin would need plenty of support, however, to break out from the 38.2% FIB of $41,592.

Failure to move back through the $37,770 pivot would bring the first major support level at $35,575 into play.

Barring an extended sell-off throughout the afternoon, Bitcoin should steer clear of sub-$34,000 levels. The second major support level sits at $32,304.

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

Bitcoin, BTC to USD, slid by 7.53% on Sunday. Reversing a 0.47% gain from Saturday, Bitcoin ended the week down by 25.43% to $34,747.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $38,384.0 before hitting reverse.

Falling short of the first major resistance level at $39,218, Bitcoin slid to a late afternoon intraday low $31,230.0.

Bitcoin fell through the first major support level at $35,634 and the second major support level at $33,711.

Steering clear of the third major support level at $30,127, Bitcoin broke back through the second major support level to end the day at $34,700 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin tumbled by 20.08% to lead the way down, with Bitcoin Cash SV (-15.28%) and Litecoin (-15.78%) also seeing heavy losses.

Binance Coin (-12.96%), Cardano’s ADA (-10.19%), Chainlink (-13.63%), Ethereum (-8.58%), Polkadot (-12.31%), and Ripple’s XRP (-12.48%) weren’t far off, however.

It was also a bearish week for the majors.

Binance Coin (-53.72%), Bitcoin Cash SV (-56.77%), Chainlink (-50.68%), and Litecoin (-51.80%) led the way down.

Cardano’s ADA (-42.85%), Ethereum (-41.44%), Polkadot (-43.51%), and Ripple’s XRP (-45.30%) also saw heavy losses.

Crypto.com Coin fell by a more modest 39.60% in the week.

In the week, the crypto total market rose to a Monday high $2,162bn before sliding to a Sunday low $1,196bn. At the time of writing, the total market cap stood at $1,407bn.

Bitcoin’s dominance fell to a Wednesday low 39.66% before rising to a Sunday high 48.67%. At the time of writing, Bitcoin’s dominance stood at 46.78%.

This Morning

At the time of writing, Bitcoin was up by 1.47% to $35,259.0. A bullish start to the day saw Bitcoin rise from an early morning low $34,733.0 to a high $35,337.0.

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

Elsewhere, it was also a bullish start to the day.

At the time of writing, Cardano’s ADA was up by 1.77% to lead the way.

BTCUSD 240521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $34,790 to bring the first major resistance level at $38,341 into play.

Support from the broader market would be needed for Bitcoin to break out from $37,000 levels.

Barring a broad-based crypto rally, the first major resistance level at $38,341 and Sunday’s high $38,384.0 would likely cap any upside.

In the event of an 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 $41,935.

Failure to avoid a fall back through the pivot at $34,790 would bring the first major support level at $31,196 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $27,645.

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

Bitcoin, BTC to USD, rose by 0.47% on Saturday. Partially reversing a 7.88% slide from Friday, Bitcoin ended the day at $37,557.

A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $35,372.0 before making a move.

Steering clear of the first major support level at $33,196, Bitcoin rose to a late morning intraday high $38,956.0.

Falling well short of the 38.2% FIB of $41,592 and the first major support level at $41,942, Bitcoin fell back to $37,200 levels and into the red.

Late in the day, Bitcoin moved back through to $38,000 levels before ending the day at sub-$38,000 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot and Ripple’s XRP slid by 10.06% and by 10.11% to lead the way down.

Binance Coin (-8.14%), Chainlink (-9.21%), Cardano’s ADA (-5.59%), Ethereum (-5.65%), Litecoin (-6.02%) also struggled.

Bitcoin Cash SV (-1.06%) and Crypto.com Coin (-1.89%) saw relatively modest losses on the day, however.

In the current week, the crypto total market rose to a Monday high $2,162bn before sliding to a Wednesday low $1,207bn. At the time of writing, the total market cap stood at $1,508bn.

Bitcoin’s dominance fell to a Wednesday low 39.66% before rising to a Saturday high 46.41%. At the time of writing, Bitcoin’s dominance stood at 45.96%.

This Morning

At the time of writing, Bitcoin was down by 1.41% to $37,029.0. A bearish start to the day saw Bitcoin fall from an early morning high $37,575.0 to a low $36,880.0.

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

Elsewhere, it was also a mixed start to the day.

Polkadot was up by 0.14% to buck the trend at the start of the day.

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

At the time of writing, Crypto.com Coin was down by 3.68% to lead the way down.

BTCUSD 230521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $37,295 to bring the first major resistance level at $39,218 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $38,956.0.

Barring a broad-based crypto rally, the first major resistance level at $39,218 and resistance at $40,000 would likely cap any upside.

In the event of an 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 $40,879.

Failure to move back through the pivot at $37,295 would bring the first major support level at $35,634 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $33,711.

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

Bitcoin, BTC to USD, fell by 7.88% on Friday. Partially revering a 10.42% gain from Thursday, Bitcoin ended the day at $37,391.4.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,298.1 before hitting reverse.

While falling short of the first major resistance level at $43,579, Bitcoin broke through the 38.2% FIB of $41,592.

The reversal, however, saw Bitcoin slide to a late intraday low $33,552.0.

Bitcoin fell back through the 38.2% FIB and also fell through the first major support level at $36,264.

Steering clear of sub-$30,000 levels, Bitcoin broke back through the first major support level to end the day at $37,300 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 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 Friday.

Bitcoin Cash SV tumbled by 20.71% to lead the way down, with Binance Coin (-16.70%) and Chainlink (-16.56%) not far behind.

Cardano’s ADA (-13.97%), Ethereum (-12.26%), Litecoin (-14.64%), and Ripple’s XRP (-14.59%) also saw heavy losses.

Crypto.com Coin (-5.51%) and Polkadot (-8.34%) saw relatively modest losses on the day, however.

In the current week, the crypto total market rose to a Monday high $2,162bn before sliding to a Wednesday low $1,207bn. At the time of writing, the total market cap stood at $1,560bn.

Bitcoin’s dominance fell to a Wednesday low 39.66% before surging to a Wednesday high 45.97%. At the time of writing, Bitcoin’s dominance stood at 44.66%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $37,320.0. A mixed start to the day saw Bitcoin rise to an early morning high $37,725.9 before falling to a low $37,024.0.

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

Elsewhere, it was also a bearish start to the day.

At the time of writing, Polkadot was down by 2.55% to lead the way down.

BTCUSD 220521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $37,747 to bring the 38.2% FIB of $41,592 and the first major resistance level at $41,942 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 38.2% FIB and the first major resistance level at $41,942 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $46,493.

Failure to move through the pivot at $37,747 would bring the first major support level at $33,196 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $29,001.

The U.S Crypto Morning Session – May 21st, 2021

It’s been a bearish start for Bitcoin and the broader crypto market. After Wednesday’s PBoC driven sell-off, the majors had failed to recoup their losses on Thursday.

Through the early hours of this morning, Bitcoin was back down at sub-$40,000, giving up gains from the start of the day.

At the time of writing, Bitcoin, BTC to USD, was down by 1.65% to $39,891.0. Through the early hours, UTC, Bitcoin rose to a current day high $42,298.1 sliding to a mid-morning low $39,333.0.

While falling short of the first major resistance level at $43,579, Bitcoin broke through the 38.2% FIB of $41,592 early on.

The Rest of the Pack

Across the rest of the majors, it has been a mixed morning on Friday.

Crypto.com Coin was up by 3.72% to buck the trend through the early hours.

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

Bitcoin Cash SV was down by 10.91% to lead the way down, with

Cardano’s ADA (-5.00%), Chainlink (-5.33%), and Ripple’s XRP (-4.86%) also seeing heavy losses.

Binance Coin (-3.26%), Ethereum (-2.50%), and Litecoin (-3.67%) weren’t far behind, however.

Through the early hours, the crypto total market rose to an early morning high $1,827bn before falling to a low $1,684bn. At the time of writing, the total market cap stood at $1,718bn.

Bitcoin’s dominance fell to an early morning low 43.09% before rising to a high 43.77%. At the time of writing, Bitcoin’s dominance stood at 43.68%.

For the Day Ahead

Bitcoin would need to avoid a fall through the $39,282 pivot to support another run at the 38.2% FIB of $41,592.

Barring an extended rally through the early afternoon, Bitcoin will likely come up short of the first major resistance level at $43,579.

A move back through the $42,000 levels, however, would bring $45,000 levels and the second major resistance level at $46,597 into play.

A fall through the $39,282 pivot would bring the first major support level at $36,264 into play.

Barring another extended sell-off throughout the day, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $31,967.

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

Bitcoin, BTC to USD, rallied by 10.42% on Thursday. Reversing most of a 14.37% slide from Wednesday, Bitcoin ended the day at $40,561.5.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $34,985.0 before making a move.

Steering clear of the first major support level at $29,664, Bitcoin rallied to an early afternoon intraday high $42,300.0.

While falling short of the first major resistance level at $43,701, Bitcoin broke back through the 38.2% FIB of $41,592.

A late afternoon pullback, however, saw Bitcoin fall back through the 38.2% FIB to sub-$38,200 before ending the day at $40,500 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 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 Thursday.

Cardano’s ADA jumped by 22.73% to lead the way.

Binance Coin (+16.85%), Chainlink (+16.50%), Crypto.com Coin (+10.74%), Ethereum (+13.55%), Litecoin (+13.10%), and Ripple’s XRP (+11.42%) also found strong support.

Bitcoin Cash SV (+4.75%), and Polkadot (+4.64%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $2,162bn before sliding to a Wednesday low $1,207bn. At the time of writing, the total market cap stood at $1,794bn.

Bitcoin’s dominance fell to a Tuesday low 39.89% before surging to a Wednesday high 45.97%. At the time of writing, Bitcoin’s dominance stood at 43.15%.

This Morning

At the time of writing, Bitcoin was up by 2.02% to $41,380. A mixed start to the day saw Bitcoin fall to an early morning low $40,556.0 before rising to a high $41,434.0.

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

Elsewhere, it was also a bullish start to the day.

At the time of writing, Ethereum was up by 2.96% to lead the way.

BTCUSD 210521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $39,282 to bring the 38.2% FIB of $41,592 and the first major resistance level at $43,579 into play.

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

Barring a broad-based crypto rally, the first major resistance level at $43,579 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $47,000 before any pullback. The second major resistance level sits at $46,597.

Failure to avoid a fall through the pivot at $39,282 would bring the first major support level at $36,264 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $31,967.

The U.S Crypto Morning Session – May 20th, 2021

It’s been a bullish start for Bitcoin and the broader crypto market. After Wednesday’s PBoC driven sell-off, investors reentered the crypto market albeit with some degree of caution.

At the time of writing, Bitcoin, BTC to USD, was up by 8.16% to $39,729.0. Through the early hours, UTC, Bitcoin slid to a current day low $34,985.0 before striking a mid-morning high $40,826.0.

While steering clear of sub-$30,000 levels and the 62% FIB of $27,237, Bitcoin failed to test resistance at the 38.2% FIB of $41,592.

The Rest of the Pack

Across the rest of the majors, it has been a mixed morning on Thursday.

Bitcoin Cash SV was down by 4.77%, at the time of writing, to buck the trend.

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

Cardano’s ADA was up by 13.57% to lead the recovery, with Chainlink rising by11.15%.

Ethereum (+9.18%), Litecoin (+10.92%), and Ripple’s XRP (+9.21%) also found strong support early on.

Binance Coin (+6.87%), and Crypto.com Coin (+7.22%) trailed the front runners, however.

Through the early hours, the crypto total market rose from an early morning low $1,427bn to a high $1,744bn before easing back. At the time of writing, the total market cap stood at $1,682bn.

Bitcoin’s dominance rose to an early high 46.24% before falling to a low 43.49%. At the time of writing, Bitcoin’s dominance stood at 44.14%.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $36,632 pivot to support a run at the 38.2% FIB of $41,592.

Barring an extended rally through the early afternoon, Bitcoin will likely come up short of the first major resistance level at $43,701.

A move back through the $42,000 levels, however, would bring the 23.6% FIB of $50,473 and the second major resistance level at $50,669 into play.

A fall back through the $36,632 pivot would bring sub-$30,000 levels and the first major support level at $29,664 into play.

Barring another extended sell-off throughout the day, Bitcoin should steer clear of the 62% FIB of $27,237.

The Crypto Mid-Day Review – May 19th, 2021

It’s been a particularly bearish first half of the day for Bitcoin and the broader crypto market. The crypto market has been hit by significant volatility of late. In recent weeks, Elon Musk had been a market influencer. Overnight, however, it was the PBoC that brought regulatory risk back to the forefront of the crypto market.

The PBoC called for financial and payment institutions to refuse cryptos as payment or for such institutions to offer service and products related to the space.

At the time of writing, Bitcoin, BTC to USD, was down by 8.48% to $39,260.0. Early this morning, Bitcoin rose to a current day high $43,600.0 before hitting reverse.

BTCUSD 190521 Hourly Chart

Falling short of the first major resistance level at $45,028, Bitcoin tumbled to a mid-morning current day low $38,651.0.

The extended sell-off saw Bitcoin fall through the 38.2% FIB of $41,592 and the first major support level at $41,544.

More significantly, however, Bitcoin fell through the second major support level at $40,188 to return to sub-$40,000 levels.

Bitcoin had last seen sub-$40,000 on 8th February, where Bitcoin had been well into an extended bull run that kicked off from a 13th March 2020 swing low $4,000.0.

The near-term bullish trend remains intact in spite of the latest slide back to sub-$40,000 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 has been a mixed day first half of the day on Wednesday.

Polkadot bucked the trend through the morning. Recovering from an early pullback, Polkadot was up by 4.63% at the time of writing.

It’s been a particularly bearish morning elsewhere, however.

At the time of writing, Binance Coin and Cardano’s ADA were down by 17.43% and by 16.40% to lead the way down.

Things were not much better elsewhere.

Ethereum (-15.64%), Litecoin (-11.90%), and Ripple’s XRP (-12.62%) were also deep in the red alongside Chainlink (-15.81%) and Crypto.com Coin (-10.74%).

Relative to the broader market, Bitcoin Cash SV was down by a more modest 6.90%.

Through the course of the morning, the crypto total market tumbled from an early morning high $2,036bn to a low $1,742bn. At the time of writing, the total market cap stood at $1,763bn.

Bitcoin’s dominance fell to an early low 39.85% before rising to a high 41.77%. At the time of writing, Bitcoin’s dominance stood at 41.44%.

For the Bitcoin Afternoon Ahead

Bitcoin would need to move back through the first and second major support levels and the 38.2% FIB of $41,592 to restore confidence.

Following today’s news from China, Bitcoin will need plenty of support, however, to eye resistance levels.

A move through the day’s pivot at $43,672 would be needed to bring the first major resistance level at $45,028 into play.

Failure to move back through the major support levels and 38.2% FIB would bring the third major support level at $36,704 back into play.

Barring another extended sell-off throughout the day, Bitcoin should steer clear of sub-$30,000 levels, however.

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

Bitcoin, BTC to USD, fell by 1.47% on Tuesday. Following a 6.55% slide on Monday, Bitcoin ended the day at $42,900.0.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $45,800.0 before hitting reverse.

Falling short of the first major resistance level at $46,177, Bitcoin slid to a late intraday low $42,316.0.

Steering clear of the 38.2% FIB of $41,592 and the first major support level at $41,509, Bitcoin ended the day at $42,900 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$43,000 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 Tuesday.

Chainlink jumped by 14.38% to lead the way, with Polkadot, and Ripple’s XRP rallying by 6.54% and by 6.46% respectively.

Bitcoin Cash SV (+3.91%), Crypto.com Coin (+2.04%), Ethereum (+2.82%), and Litecoin (+4.49%) also found support

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

Binance Coin (-0.84%) and Cardano’s ADA (-1.33%), and joined Bitcoin in the red.

Early in the week, the crypto total market rose to a Monday high $2,160bn before falling to a Monday low $1,885bn. At the time of writing, the total market cap stood at $2,022bn.

Bitcoin’s dominance rose to a Monday high 41.78% before falling to a Tuesday low 39.89%. At the time of writing, Bitcoin’s dominance stood at 40.03%.

This Morning

At the time of writing, Bitcoin was up by 0.72% to $43,211.0. A mixed start to the day saw Bitcoin fall to an early morning low $42,566.0 before rising to a high $43,600.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was down by 0.11% to buck the trend 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 2.00% to lead the way.

BTCUSD 190521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $43,672 to support a run at the first major resistance level at $45,028.

Support from the broader market would be needed for Bitcoin to break back through to $44,500 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $45,800.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $47,156.

Failure to move through the pivot at $43,672 would bring the 38.2% FIB of $41,592 and the first major support level at $41,544 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $40,188 and sub-$40,000 levels.

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

Bitcoin, BTC to USD, fell by 0.53% on Sunday. Following on from a 6.17% slide on Saturday, Bitcoin ended the week down by 20.04% to $46,597.0.

A mixed start to the day saw Bitcoin fall to an early morning low $46,500 before making a move.

Steering clear of the major support levels, Bitcoin struck a late morning intraday high $49,870.0 before hitting reverse.

The early rally saw Bitcoin break through the first major resistance level at $49,506 before sliding to a late intraday low $44,021.0.

Bitcoin fell through the first major support level at $45.413 before ending the day at $46,500 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$45,000 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.

Bitcoin Cash SV rallied by 9.72% to lead the way, with Binance Coin (+0.13%) and Cardano’s ADA (+5.87%) also bucking the trend.

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

Ripple’s XRP fell by 2.69% to lead the way down.

Chainlink (-1.87%), Crypto.com Coin (-1.37%), Ethereum (-1.71%), and Litecoin (-1.33%), and Polkadot (-2.04%) also saw red.

It was also a mixed week for the majors in the week ending 16th May.

Cardano’s ADA and Polkadot rallied by 30.20% and by 32.02% respectively to buck the trend in the week.

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

Chainlink and Litecoin tumbled by 22.17% and by 23.74% respectively to lead the way down, with, with Binance Coin sliding by 14.86%.

Bitcoin Cash SV (-4.56%), Crypto.Com Coin (-9.40%), Ethereum (-8.73%), and Ripple’s XRP (-5.63%) also struggled.

In the week, the crypto total market rose to a Tuesday high $3,069bn before sliding to an early Thursday low $1,967bn. At the time of writing, the total market cap stood at $2,101bn.

Bitcoin’s dominance rose to a Monday high 46.84% before falling to a Tuesday low 34.72%. At the time of writing, Bitcoin’s dominance stood at 41.03%.

This Morning

At the time of writing, Bitcoin was down by 0.67% to $46,287.0. A mixed start to the day saw Bitcoin rise to an early morning high $46,796.0 before falling to a low $46,144.0.

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 2.85% to lead the way down.

BTCUSD 170521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $46,829 to support a run at the first major resistance level at $49,638.

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

Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $50,473 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $52,678.

Failure to move through the pivot at $46,829 would bring the first major support level at $43,789 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $40,980. The 38.2% FIB of $41,592 should limit the downside.

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

Bitcoin, BTC to USD, fell by 6.17% on Saturday. Reversing a 0.35% gain from Friday, Bitcoin ended the day at $46,844.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $50,737.0 before hitting reverse.

While falling short of the first major resistance level at $51,332, Bitcoin broke through the 23.6% FIB of $50,473.

The reversal saw Bitcoin slide back through the 23.6% FIB to a final hour intraday low $46,644.0.

Bitcoin also fell through the first major support level at $48,967 and the second major support level at $47,469.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$47,000 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.

Cardano’s ADA rallied by 8.24%, with Ripple’s XRP gaining 6.22% to buck the trend on the day.

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

Chainlink slid by 11.04% to lead the way down.

Binance Coin (-6.61%),  Bitcoin Cash SV (-8.54%), Ethereum (-10.56%), and Litecoin (-8.07%) also struggled.

Crypto.com Coin (-4.53%) and Polkadot (-3.07%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,162bn.

Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Saturday low 40.04%. At the time of writing, Bitcoin’s dominance stood at 40.88%.

This Morning

At the time of writing, Bitcoin was up by 1.08% to $47.352.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,500.0 before rising to a high $47,429.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was down by 3.24% to buck the trend at the start of the day.

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

At the time of writing, Ethereum was up by 5.78% to lead the way.

BTCUSD 160521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $48,075 to support a run at the first major resistance level at $49,506 and the 23.6% FIB of $50,473.

Support from the broader market would be needed for Bitcoin to break back through to $50,000 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $50,737.0 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 $52,168.

Failure to move through the pivot at $48,075 would bring the first major support level at $45,413 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 38.2% FIB of $41,592. The second major support level at $43,982 should limit the downside.

The Crypto Daily – Movers and Shakers – May 15th, 2021

Bitcoin, BTC to USD, rose by 0.35% on Friday. Following on from a 0.34% gain on Thursday, Bitcoin ended the day at $49,924.0.

A mixed start to the day saw Bitcoin fell to an early morning intraday low $48,877.0 before making a move.

Steering clear of the first major support level at $47,123, Bitcoin rallied to a mid-afternoon intraday high $51,512.0.

While falling short of the first major resistance level at $51,855, Bitcoin broke back through the 23.6% FIB of $50,473.

A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to sub-$50,000 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 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 Friday.

Polkadot surged by 19.60% to lead the way.

Binance Coin (+5.64%),  Bitcoin Cash SV (+9.93%), Chainlink (+8.00%), Crypto.com Coin (+7.56%), and Ethereum (+9.71%) also found strong support.

Cardano’s ADA (+4.16%), Litecoin (+2.63%), and Ripple’s XRP (+2.98%) trailed the front runners, however.

In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,295bn.

Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Friday low 40.42%. At the time of writing, Bitcoin’s dominance stood at 40.73%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $50,079.8. A mixed start to the day saw Bitcoin fall to an early morning low $49,884.0 before rising to a high $50,388.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot (-2.97%), Crypto.Com Coin (-1.85%), and Ripple’s XRP (-0.06%) saw red early on.

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

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

BTCUSD 150521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $50,104 to support a run at the 23.6% FIB of $50,473 and the first major resistance level at $51,332.

Support from the broader market would be needed for Bitcoin to break back through to $51,000 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $51,512.0 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 $52,739.

Failure to move back through the pivot at $50,104 would bring the first major support level at $48,697 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$48,000 levels. The second major support level at sits $47,469.

The Crypto Daily – Movers and Shakers – May 14th, 2021

Bitcoin, BTC to USD, rose by 0.34% on Thursday. Following a 12.52% slide on Wednesday, Bitcoin ended the day at $49,750.6.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $46,601.0 before making a move.

Steering clear of the first major support level at $46,150, Bitcoin rallied to an early morning intraday high $51,333.0.

While falling short of the first major resistance level at $55,539, Bitcoin broke back through the 23.6% FIB of $50,473.

A second sell-off, however, saw Bitcoin slide back through the 23.6% FIB to a low $47,100.

Continuing to steer clear of the major support levels, however, Bitcoin moved back through to $49,700 levels to end the day in the green.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$50,000 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.

Crypto.com Coin slid by 9.92% to lead the way down.

Binance Coin (-3.60%) and Ethereum (-2.05%) also saw red on the day.

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

Cardano’s ADA jumped by 23.2% to lead the way, with Polkadot and Ripple’s XRP seeing gains of 13.68% and 8.67% respectively.

Bitcoin Cash SV (+1.85%), Chainlink (+2.36%), and Litecoin (+2.38%) also joined Bitcoin in the green.

In the current week, the crypto total market rose to a Wednesday high $2,577bn before sliding to an early Thursday low $1,965bn. At the time of writing, the total market cap stood at $2,226bn.

Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Thursday low 41.15%. At the time of writing, Bitcoin’s dominance stood at 42.11%.

This Morning

At the time of writing, Bitcoin was up by 0.81% to $50,152.0. A mixed start to the day saw Bitcoin fall to an early morning low $49,565.0 before rising to a high $50,223.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-1.94%) 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.

At the time of writing, Bitcoin Cash SV was up by 4.38% to lead the way.

BTCUSD 140521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $49,228 to support a run at the 23.6% FIB of $50,473 and the first major resistance level at $51,855.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $51,333.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,960.

Failure to avoid a fall through the pivot at $49,228 would bring the first major support level at $47,123 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 sits $44,496.

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

Bitcoin, BTC to USD, rose by 1.59% on Tuesday. Partially reversing a 4.22% slide from Monday, Bitcoin ended the day at $56,721.5.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $54,138.7 before making a move.

Steering clear of the first major support level at $53,253, Bitcoin rose to a late intraday high $56,870.0.

Falling well short of the first major resistance level at $58,998, Bitcoin eased back to end the day at $56,700 levels.

The near-term bullish trend remained intact in spite of the latest 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 Tuesday.

Crypto.com Coin fell by 2.07% to buck the trend on the day.

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

Bitcoin Cash SV rallied by 14.93% to lead the way.

Binance Coin (+6.46%), Cardano’s ADA (+7.38%), Chainlink (+5.32%), Ethereum (+5.83%), Litecoin (+5.23%), Polkadot (+4.35%), and Ripple’s XRP (+6.31%) also made solid gains.

Early in the week, the crypto total market rose to a Monday high $2,533bn before sliding to a Monday low $2,137bn. At the time of writing, the total market cap stood at $2,409bn.

Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Tuesday low 43.93%. At the time of writing, Bitcoin’s dominance stood at 44.33%.

This Morning

At the time of writing, Bitcoin was up by 0.60% to $57,059.0. A mixed start to the day saw Bitcoin fall to an early morning low $56,593.0 before rising to a high $57,234.0.

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

Elsewhere, it was a mixed start to the day.

Ethereum (-0.20%) and Polkadot (-0.48%) 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, Crypto.com Coin was up by 1.93% to lead the way.

BTCUSD 120521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,910 to support a run at the first major resistance level at $57,681.

Support from the broader market would be needed for Bitcoin to break back through to $57,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $58,000 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 $58,641.

Failure to avoid a fall through the pivot at $55,910 would bring the first major support level at $54,950 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level at sits $53,179.