The Crypto Daily – Movers and Shakers – April 13th, 2021

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin, BTC to USD, slipped by 0.26% on Monday. Following a 0.36% gain on Sunday, Bitcoin ended the day at $59,874.0.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $61,338.0 before hitting reverse.

Bitcoin broke through first major resistance level at $60,733 before sliding to a late morning intraday low $59,492.0.

Steering clear of the first major support level at $59,319, Bitcoin revisited $60,500 levels before easing back to sub-$60,000.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV fell by 3.79% to lead the way down, with Chainlink (-2.09%), Crypto.com Coin (-3.08%), and Litecoin (-3.15%) also struggling.

Ethereum (-0.58%) and Polkadot (-1.88%) saw relatively modest losses on the day.

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

Binance Coin rallied by 13.46% to lead the way once more, with Ripple’s XRP (+8.71%) finding strong support.

Cardano’s ADA (+4.02%) also avoided the red.

Early in the week, the crypto total market rose to a Monday high $2,056bn before falling to a Monday low $1,959bn. At the time of writing, the total market cap stood at $2,036bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Monday low 54.65%. At the time of writing, Bitcoin’s dominance stood at 55.40%.

This Morning

At the time of writing, Bitcoin was up by 0.77% to $60,337.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,859.0 before rising to a high $60,397.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-1.21%), Bitcoin Cash SV (-1.32%), Chainlink (-0.03%), Polkadot (-0.54%), and Ripple’s XRP (-1.36%) saw red early on.

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

At the time of writing, Litecoin was up by 2.37% to lead the way.

BTCUSD 130421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $60,235 to bring the first major resistance level at $60,977 into play.

Support from the broader market would be needed for Bitcoin to break out from $60,500 levels.

Barring an extended crypto rally, the first major resistance level and the March swing hi $61,699 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $63,000 before any pullback. The second major resistance level sits at $62,081.

Failure to avoid a fall back through the $60,235 pivot would bring the first major support level at $59,131 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $58,339.

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

crypto currency mining concept

Bitcoin, BTC to USD, fell by 3.50% on Wednesday. Following on from a 1.95% decline on Tuesday, Bitcoin ended the day at $55,962.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $58,639.0 before hitting reverse.

Falling short of the first major resistance level at $59,193, Bitcoin fell to a late intraday low $55,555.0.

The extended sell-off saw Bitcoin fall through the first major support level at $57,095 and the second major support level at $56,199.

Steering clear of sub-$55,000 levels, Bitcoin briefly revisited $56,500 levels before falling back through the second major support level.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

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

Ripple’s XRP tumbled by 16.64% to lead the way down, with Chainlink (-10.42%) and Crypto.com Coin (-9.66%) also seeing heavy losses.

Binance Coin  (-7.05%), Bitcoin Cash SV (-4.52%), Cardano’s ADA (-6.36%), Ethereum (-7.06%), Litecoin (-7.68%), and Polkadot (-5.44%) weren’t far behind, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,842bn.

Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 57.04%.

This Morning

At the time of writing, Bitcoin was up by 0.61% to $56,302.6. A mixed start to the day saw Bitcoin fall to an early morning low $55,714.0 before rising to a high $56,302.6.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Ripple’s XRP was up by 2.48% to lead the way.

BTCUSD 080421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $56,719 to bring the first major resistance level at $57,882 into play.

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 $59,803.

Failure to move through the $56,719 pivot would bring the first major support level at $54,798 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $53,645.

The Crypto Daily – The Movers and Shakers – April 6th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 1.55% on Monday. Following on from a 2.12% gain from Sunday, Bitcoin ended the day at $59,145.0.

A mixed start to the day saw Bitcoin rise to an early morning high $58,430.0 before hitting reverse.

Falling short of the first major resistance level at $58,980, Bitcoin fell to a late morning intraday low $56,850.0.

Bitcoin fell through the first major support level at $57,000 before bouncing back to a late afternoon intraday high $59,250.0.

Bitcoin broke through the first major resistance level at $58,980 to end the day at $59,000 levels.

The near-term bullish trend remained intact supported by the recovery from sub-$57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP surged by 44.06% to lead the pack, with Litecoin (+9.48%) and Bitcoin Cash SV (+8.82%) also making solid gains.

Binance Coin  (+5.42%), Cardano’s ADA (+2.47%), Chainlink (+5.23%), Crypto.com Coin (+5.02%), Ethereum (+1.48%), and Polkadot (+1.78%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a high $1.957bn. At the time of writing, the total market cap stood at $1,872bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Monday low 56.56%. At the time of writing, Bitcoin’s dominance stood at 58.01%.

This Morning

At the time of writing, Bitcoin was up by 0.27% to $59,307.0. A mixed start to the day saw Bitcoin rise to an early morning high $59,444.0 before falling to a low $59,109.0.

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

Elsewhere, it was a mixed start to the day for the majors.

Ripple’s XRP led the way down, falling by 2.01%.

Cardano’s ADA (-0.55%), Chainlink (-0.05%), Crypto.com Coin (-1.35%), and Polkadot (-1.08%) also saw red.

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

At the time of writing, Litecoin was up by 1.91% to lead the way.

BTCUSD 060421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,415 to bring the first major resistance level at $59,980 into play.

Support from the broader market would be needed for Bitcoin to break out from $59,500 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,815.

Failure to avoid a fall through the $58,415 pivot would bring the first major support level at $57,580 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,015.

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

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, slipped by 0.07% on Wednesday. Following a 2.02% gain on Tuesday, Bitcoin ended the month up by 29.84% to $58,796.0.

A mixed start to the day saw Bitcoin rise to a mid-morning intraday high $59,899.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $59,864 before sliding to a late morning intraday low $56,826.0.

The reversal saw Bitcoin fall through the first major support level at $57,476.

Steering clear of the second major support level at $56,111, Bitcoin revisited $59,600 levels before falling back into the red.

The near-term bullish trend remained intact supported by the March gain. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin  (-2.79%), Cardano’s ADA (-1.61%), and Crypto.com Coin (-2.51%) joined Bitcoin in the red.

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

Polkadot rallied by 9.19% to lead the way, with Bitcoin Cash SV (+4.84%), Chainlink (+5.66%), and Ethereum (+4.29%) also making solid gains.

Litecoin (+0.58%) and Ripple’s XRP (+1.14%) saw modest gains on the day, however.

In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Wednesday high $1,872bn. At the time of writing, the total market cap stood at $1,812bn.

Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Wednesday low 59.65%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

This Morning

At the time of writing, Bitcoin was up by 0.37% to $59,014.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,759.0 before rising to a high $59,047.0.

Elsewhere, it was another mixed start to the day.

Binance Coin (-0.08%), Cardano’s ADA (-0.22%), and Polkadot (-3.11%) bucked the trend early on.

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

At the time of writing, Bitcoin Cash SV was up by 3.62% to lead the way.

BTCUSD 010421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,507 to bring the first major resistance level at $60,188 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $59,899.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $61,580.

Failure to avoid a fall through the $58,507 pivot would bring the first major support level at $57,115 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level sits at $55,434.

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

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin, BTC to USD, rose by 3.39% on Monday. Reversing a 0.18% loss from Sunday, Bitcoin ended the day at $57,675.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $54,831.0 before making a move.

Bitcoin fell through the first major support level at $54,850 before rallying to a late morning intraday high $58,492.0.

The morning rally saw Bitcoin break through the first major resistance level at $56,659 and the second major resistance level at $57,539.

Through the 2nd half of the day, Bitcoin eased back through the second major resistance level to sub-$57,200 levels before ending the day at $57,500 levels.

The second major resistance level at $57,539 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

News Wires

For Bitcoin and the broader market, news of Visa allowing the use of USD Coin to settle transactions drove demand for the major cryptos on the day.

Monday’s news was yet more positive for the crypto world that continues to make further linkages with the real world.

The Rest of the Pack

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

Ethereum rallied by 7.64% to lead the way.

Bitcoin Cash SV (+5.53%), Chainlink (+5.12%), Crypto.com Coin (+6.51%), and Litecoin (+5.11%) also found strong support.

Binance Coin  (+2.34%), Cardano’s ADA (+0.97%), Polkadot (+3.05%), and Ripple’s XRP (+3.41%) trailed the front runners on the day.

In early part of the week, the crypto total market fell to a Monday low $1,671bn before rising to a Monday high $1,813bn. At the time of writing, the total market cap stood at $1,768bn.

Bitcoin’s dominance fell to a Monday low 60.14% before rising to a Monday high 61.31%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

This Morning

At the time of writing, Bitcoin was down by 0.21% to $57,556.6. A mixed start to the day saw Bitcoin rise to an early morning high $57,729.0 before falling to a low $57,479.7.

Elsewhere, it was a mixed start to the day.

Chainlink and Crypto.com Coin were up by 0.42% and by 0.23% respectively to buck the trend early on.

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

At the time of writing, Binance Coin and Ripple’s XRP were down by 0.71% and by 0.73% respectively to lead the way down.

BTCUSD 300321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $56,999 to bring the first major resistance level at $59,168 into play.

Support from the broader market would be needed for Bitcoin to break out from Monday’s high $58,492.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at 14th March swing hi $61,699.0 before easing back. The second major resistance level sits at $60,660.

Failure to avoid a fall through the $56,999 pivot would bring the first major support level at $55,507 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $53,338.

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

crypto currency mining concept

Bitcoin, BTC to USD, fell by 3.72% on Wednesday. Reversing a 0.49% gain from Tuesday, Bitcoin ended the day at $52,328.0.

A mixed start to the day saw Bitcoin fall to an early morning low $53,580.0 before making a move.

Steering clear of the major support levels, Bitcoin rallied to an early afternoon intraday high $57,212.0.

Bitcoin broke through the first major resistance level at $55,735 before sliding to a late intraday low $51,522.0.

The extended sell-off saw Bitcoin fall through the first major support level at $52,825 and the second major support level at $51,313.

Steering clear of sub-$50,000 levels, Bitcoin broke back through the second major resistance level to end the day at $52,300 levels.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin rallied by 13.41% to buck the trend on the day.

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

Ripple’s XRP tumbled by 12.77% to lead the way down, with Chainlink and Polkadot sliding by 7.17% and by 8.20% respectively.

Binance Coin  (-2.79%), Bitcoin Cash SV (-5.14%), Cardano’s ADA (-4.33%), Ethereum (-5.19%), and Litecoin (-5.33%) also joined Bitcoin in the red.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Wednesday low $1,549bn. At the time of writing, the total market cap stood at $1,592bn.

Bitcoin’s dominance fell to a Tuesday low 60.20% before rising to a Wednesday high 62.24%. At the time of writing, Bitcoin’s dominance stood at 61.49%.

This Morning

At the time of writing, Bitcoin was up by 0.04% to $52,349.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,046.0 before rising to a high $52,810.2.

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

Elsewhere, it was a mixed start to the day.

Chainlink (+0.60%), Ethereum (+0.15%), Litecoin (+0.23%), and Ripple’s XRP (+0.95%) joined Bitcoin in the green.

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

At the time of writing, Crypto.com Coin was down by 8.19% to lead the way down.

BTCUSD 250321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $53,687 to bring the first major resistance level at $55,853 into play.

Support from the broader market would be needed for Bitcoin to break back through to $55,000 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,377.

Failure to move through the $53,687 pivot would bring the first major support level at $50,163 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 23.6% FIB of $48,082. The second major support level sits at $47,997.

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

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin, BTC to USD, slid by 5.70% on Monday. Following a 1.20% decline on Sunday, Bitcoin ended the day at $54,070.0.

A bearish start to the day saw Bitcoin slide to an early morning low $56,345.0.

Steering clear of the first major support level at $55,621, Bitcoin rallied to a late morning intraday high $58,525.0.

Falling short of the first major resistance level at $58,848, Bitcoin tumbled to a late intraday low $53,700.0.

The extended sell-off saw Bitcoin fall through the first major support level at $55,621 and the second major support level at $53,875.

Steering clear of sub-$53,500 levels, Bitcoin broke back through the second major support level to end the day at $54,000 levels.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP rallied by 5.26% to lead the way. Crypto.com Coin (+3.33%) and Polkadot (+1.74%) also bucked the trend on the day.

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

Cardano’s ADA (-7.18%), Chainlink (-6.64%), Ethereum (-5.78%), and Litecoin (+5.07%) led the way down.

Binance Coin  (-3.71%) and Bitcoin Cash SV (-1.69%) also joined Bitcoin in the red.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a low $1,626bn. At the time of writing, the total market cap stood at $1,672bn.

Bitcoin’s dominance rose to a Monday high 61.63% before falling to a low 60.54%. At the time of writing, Bitcoin’s dominance stood at 60.94%.

This Morning

At the time of writing, Bitcoin was up by 0.95% to $54,581.0. A mixed start to the day saw Bitcoin fall to an early morning low $53,778.0 before rising to a high $54,744.0.

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

Elsewhere, it was a mixed start to the day.

Crypyto.com Coin was down by 4.57% early on to buck the trend.

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

At the time of writing, Ripple’s XRP was up by 2.59% to lead the way.

BTCUSD 230321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $55,432 to bring the first major resistance level at $57,163 into play.

Support from the broader market would be needed for Bitcoin to break back through to $57,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $58,525.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $61,699.0. The second major resistance level sits at $60,257.

Failure to move through the $55,432 pivot would bring the first major support level at $52,338 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level at $50,607 should limit the downside.

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

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 3.38% on Wednesday. Following on from a 2.24% gain from Tuesday, Bitcoin ended the day at $58,849.0.

A mixed start to the day saw Bitcoin rise to an early morning high $57,144.0 before hitting reverse.

Falling short of the first major resistance level at $58,117, Bitcoin slid to a mid-day intraday low $54,001.0.

Bitcoin fell through the first major support level at $54,383 before making a move.

Finding afternoon support, Bitcoin broke through the first major resistance level at $58,117 to strike a late intraday high $59,128.0 before easing back.

In spite of a pullback to sub-$59,000 levels, Bitcoin avoided a fall back through the first major resistance level.

The near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Bucking the trend on the day were Bitcoin Cash SV (-0.43%), Crypto.com Coin (-3.67%), and Polkadot (-1.38%).

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

Cardano’s ADA (+10.15%) and Chainlink (+11.10%) led the way. Binance Coin  also found strong support, rallying by 4.36%.

Ethereum (+1.05%), Litecoin (+2.17%), and Ripple’s XRP (+2.04%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $1,828bn before falling to a Tuesday low $1,593bn. At the time of writing, the total market cap stood at $1,780bn.

Bitcoin’s dominance rose to a Monday high 63.02% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 62.03%.

This Morning

At the time of writing, Bitcoin was up by 0.46% to $59,121.0. A mixed start to the day saw Bitcoin fall to an early morning low $58,706.0 before rising to a high $59,475.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (-0.61%), Chainlink (-0.64%), Litecoin (-0.16%), and Ripple’s XRP (-0.45%) saw red early on.

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

At the time of writing, Crypto.com Coin was up by 7.22% to lead the way.

BTCUSD 180321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,326 to bring the first major resistance level at $60,651 into play.

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

Barring an extended crypto rally, the first major resistance level and resistance at $61,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at last Sunday’s new swing hi $61,699.0. The second major resistance level sits at $62,453.

Failure to avoid a fall through the $57,326 pivot would bring the first major support level at $55,524 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $52,199.

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

Golden bitcoins on the black background closeup. Cryptocurrency virtual money

Bitcoin, BTC to USD, slid by 5.62% on Monday. Following on from a 3.60% decline on Sunday, Bitcoin ended the day at $55,688.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $60,575.0 before hitting reverse.

Falling short of the first major resistance level at $60,799, Bitcoin slid to a late morning intraday low $54,566.0.

Bitcoin fell through the first major support level at $59,900 and the second major support level at $57,201.

Coming within range of the third major support level at $54,502, Bitcoin revisited $57,300 levels before falling back into the deep red.

The near-term bullish trend remained intact supported by Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-5.50%), Crypto.com Coin (-6.15%), and Litecoin (-6.17%) led the way down.

Binance Coin (-3.45%), Cardano’s ADA (-2.18%) and Chainlink (-3.84%), Ethereum (-2.89%), Polkadot (-0.14%) and Ripple’s XRP (-0.79%) also saw red.

Early in the week, the crypto total market rose to a Monday high $1,828bn before falling to a Monday low $1,615bn. At the time of writing, the total market cap stood at $1,684bn.

Bitcoin’s dominance rose to a Monday high 63.02% before falling to a Tuesday low 61.78%. At the time of writing, Bitcoin’s dominance stood at 61.91%.

This Morning

At the time of writing, Bitcoin was up by 0.28% to $55,846.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,332.7 before rising to a high $56,104.3.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 1.89% to lead the way.

BTCUSD 160321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $56,943 to bring the first major resistance level at $59,320 into play.

Support from the broader market would be needed for Bitcoin to break back through to $59,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $60,575.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $63,000. The second major resistance level sits at $62,952. Expect plenty of resistance at Sunday’s new swing hi $61,693.0, however.

Failure to move through the $56,943 pivot would bring the first major support level at $53,311 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $50,934.

The Crypto Daily – Movers and Shakers – March 11th, 2021

Bitcoin and Litecoin over dollar banknotes.

Bitcoin, BTC to USD, rose by 1.87% on Wednesday. Following on from a 4.88% rally on Tuesday, Bitcoin ended the day at $55,985.0.

It was a mixed start to the day. Bitcoin fell from an early morning high $55,777.0 to an early morning intraday low $53,155.0 before making a move.

Steering clear of the first major support level at $52,980, Bitcoin rallied to a late intraday high $57,444.0.

Bitcoin broke through the first major resistance level at $55,943 and the second major resistance level at $56,930.

Falling short of $58,000 levels, Bitcoin fell back through the resistance levels to $55,680 levels before steadying.

Late in the day, Bitcoin broke back through the first major resistance level to end the day at $55,980 levels.

The near-term bullish trend remained intact supported by the latest visit to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV and Crypto.com Coin rose by 0.87% and by 2.26% to buck the trend and join Bitcoin in the green.

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

Binance Coin  (-5.18%), Cardano’s ADA (-5.45%), Chainlink (-5.22%), and Ripple’s XRP (-4.77%) led the way down.

Ethereum (-4.09%), Litecoin (-1.86%), and Polkadot (-3.42%) also struggled.

In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Wednesday high $1,765bn. At the time of writing, the total market cap stood at $1,691bn.

Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Wednesday high 62.25%. At the time of writing, Bitcoin’s dominance stood at 62.02%.

This Morning

At the time of writing, Bitcoin was up by 0.54% to $56,288.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,600.0 before rising to a high $56,422.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink (-0.55%) and Crypto.com Coin (-1.10%) 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, Binance Coin was up by 1.37% to lead the way.

BTCUSD 110321 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,528 to bring the first major resistance level at $57,901 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $57,444.0.

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 February’s swing hi $58,321.2. The second major resistance level sits at $59,817.

Failure to avoid a fall through the $55,528 pivot would bring the first major support level at $53,612 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear sub-$52,000 levels. The second major support level sits at $51,239.