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

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Bitcoin, BTC to USD, rallied by 5.71% on Monday. Reversing a 1.74% decline from Sunday, Bitcoin ended the day at $46,282.2.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $42,790.0 before making a move.

Bitcoin fell through the first major support level at $42,979 before rallying to a late afternoon intraday high $46,438.0.

Bitcoin broke through the first major resistance level at $44,929 and the second major resistance level at $46,064.

A late pullback saw Bitcoin fall back through the major resistance levels before a break back through to $46,000 levels.

The late rebound saw Bitcoin break back through the first and second major resistance levels to end the day at $46,200 levels.

The near-term bullish trend remained intact, supported by the latest return to $46,000 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 Monday.

Polkadot fell by 0.90% to buck the trend on the day.

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

Litecoin surged by 11.09% to lead the way.

Binance Coin (+3.61%), Bitcoin Cash SV (+5.42%), Chainlink (+5.10%), Ethereum (+4.92%), and Ripple’s XRP (+4.93%) also making solid gains.

Cardano’s ADA (+3.44%) and Crypto.com Coin (+2.89%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,696bn before rising to a Monday high $1,866bn. At the time of writing, the total market cap stood at $1,833bn.

Bitcoin’s dominance rose to a Monday high 47.44% before falling to a Monday low 46.99%. At the time of writing, Bitcoin’s dominance stood at 47.22%.

This Morning

At the time of writing, Bitcoin was down by 0.39% to $46,100.0. A mixed start to the day saw Bitcoin rise to an early morning high $46,695.0 before falling to a low $45,900.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot were up by 1.78% and by 0.28% respectively to buck the trend early on.

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

At the time of writing, Ripple’s XRP was down by 0.98% to lead the way down.

BTCUSD 100821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $45,170 pivot to bring the first major resistance level at $47,550 into play.

Support from the broader market would be needed for Bitcoin to break out from Monday’s high $46,438.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at the 23.6% FIB of $50,473 before any pullback. The second major resistance level sits at $48,818.

A fall through the $45,170 pivot would bring the first major support level at $43,902 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$43,000 levels. The second major support level sits at $41,522.

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

Golden bitcoins on the black background closeup. Cryptocurrency virtual money

Bitcoin, BTC to USD, rallied by 3.99% on Wednesday. Reversing a 2.39% loss from Tuesday, Bitcoin ended the day at $39,743.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $37,519.8 before making a move.

Steering clear of the first major support level at $37,326, Bitcoin rallied to a late intraday high $39,965.0.

Bitcoin broke through the first major resistance level at $39,444 to end the day at $39,700 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 bullish day on Wednesday.

Ethereum rallied by 8.63% to lead the way.

Binance Coin (+3.58%), Crypto.com Coin (+4.17%), Litecoin (+2.94%), Polkadot (+5.69%), and Ripple’s XRP (+2.12%) also found strong support.

Bitcoin Cash SV (+0.57%), Cardano’s ADA (+0.60%), and Chainlink (+0.98%) trailed the front runners, however.

In the current week, the crypto total market fell to a Tuesday low $1,502bn before rising to a Wednesday high $1,638bn. At the time of writing, the total market cap stood at $1,614bn.

Bitcoin’s dominance rose to a Monday high 47.27% before falling to a Wednesday low 45.78%. At the time of writing, Bitcoin’s dominance stood at 46.15%.

This Morning

At the time of writing, Bitcoin was down by 0.05% to $39,721.2. A mixed start to the day saw Bitcoin fall to an early morning low $39,627.0 before rising to a high $39,844.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.28%), Chainlink (-0.28%), and Ripple’s XRP (-0.03%) joined 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 0.98% to lead the way.

BTCUSD 050821 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $39,076 pivot to bring the first major resistance level at $40,632 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 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 $41,521.

A fall through the $39,076 pivot would bring the first major support level at $38,187 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $36,631.

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

Investing and stock market concept gain and profits with faded candlestick charts.

Bitcoin, BTC to USD, rose by 1.33% on Wednesday. Following a 6.00% rally on Tuesday, Bitcoin ended the day at $40,017.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $40,900.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $40,587 before falling to a late afternoon intraday low $38,803.0.

Steering clear of the first major support level at $37,416, however, Bitcoin broke back through to $40,000 to end the day in the green.

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 Wednesday.

Chainlink fell by 2.25% to lead the way down, with Polkadot (-0.18%) also seeing red to buck the trend.

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

Ripple’s XRP surged by 13.80% to lead the way, with Litecoin (+4.24%), also finding strong support.

Binance Coin (+0.07%), Bitcoin Cash SV (+0.63%), Cardano’s ADA (+0.54%), Crypto.com Coin (+0.84%),  Ethereum (+0.01%) 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 $1,532bn.

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 0.01% to $40,011.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,069.0 before falling to a low $39,850.0.

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

Elsewhere, Bitcoin Cash SV (+0.01%) and Crypto.com Coin (+0.42%) avoided the red at the start of the day.

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

At the time of writing, Ripple’s XRP was down by 1.53% to lead the way down.

BTCUSD 290721 Hourly Chart

For the Bitcoin Day Ahead

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

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $40,900.0.

Barring a broad-based crypto rally, the first major resistance level and the 38.2% FIB of $41,592 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $43,000 before any pullback. The second major resistance level sits at $42,004.

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 the second major support level at $37,810.

The Crypto Daily – Movers and Shakers – July 27th, 2021

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, rallied by 5.24% on Monday. Following a 3.29% gain on Sunday, Bitcoin ended the day at $37,270.0.

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

Steering clear of the first major support level at $34,386, Bitcoin rallied to a late intraday high $40,595.0.

Bitcoin broke through the day’s major resistance levels before a late pullback.

The pullback saw Bitcoin fall back through the third major resistance level at $38,031 to end the day at $37,200 levels.

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 Monday.

Polkadot slid by 3.72% to buck the trend on the day.

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

Chainlink rallied by 8.10% to lead the way, with Crypto.com Coin gaining 5.55%.

Cardano’s ADA (+2.07%), Ethereum (+1.64%), Litecoin (+2.64%), and Ripple’s XRP (+3.06%) also found strong support.

Binance Coin (+0.36%) and Bitcoin Cash SV (+0.27%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,407bn before rising to a Monday high $1,534bn. At the time of writing, the total market cap stood at $1,456bn.

Bitcoin’s dominance fell to a Monday low 46.93% before jumping to a Monday high 48.66%. At the time of writing, Bitcoin’s dominance stood at 48.15%.

This Morning

At the time of writing, Bitcoin was up by 0.18% to $37,335.4. A mixed start to the day saw Bitcoin rise to an early morning high $37,525.0 before falling to a low $37,001.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink (-0.03%), Crypto.com Coin (-1.67%), Litecoin (-0.24%), and Ripple’s XRP (-0.63%) saw red early on.

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

At the time of writing, Binance Coin was up by 0.43% to lead the way.

BTCUSD 270721 Hourly Chart

For the Bitcoin Day 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-$34,000 levels. The second major support level sits at $32,337.

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

Silver and golden coins with bitcoin, ripple and ethereum symbol

Bitcoin, BTC to USD, rallied by 7.85% on Wednesday. Reversing a 3.42% slide from Tuesday, Bitcoin ended the day at $32,154.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $29,523.0 before making a move.

Steering clear of the first major support level at $29,055, Bitcoin rallied to a late afternoon intraday high $32,850.0.

Bitcoin broke through the first major resistance level at $30,821 and the second major resistance level at $31,833.

A late pullback saw Bitcoin briefly fall back through the second major resistance level before ending the day at $32,100 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 Wednesday.

Cardano’s ADA (+11.01%), Chainlink (+11.03%), and Ethereum (+11.74%) led the way.

Binance Coin (+10.85%), Bitcoin Cash SV (+7.56%), Litecoin (+9.66%), and Ripple’s XRP (+7.90%) also found strong support.

Crypto.com Coin (+5.96%) and Polkadot (+4.34%) 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 $1,303bn.

Bitcoin’s dominance rose to a Tuesday high 47.62% before falling to a Wednesday low 46.13%. At the time of writing, Bitcoin’s dominance stood at 46.34%.

This Morning

At the time of writing, Bitcoin was up 0.13% to $32,197.0. A mixed start to the day saw Bitcoin fall to an early morning low $31,900.0 before rising to a high $32,382.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, falling by 0.70%.

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

At the time of writing, Cardano’s ADA was up by 1.18% to lead the way.

BTCUSD 220721 Hourly Chart

For the Bitcoin Day 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 for Bitcoin to break out from Wednesday’s high $32,850.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $34,000 before any pullback. 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 another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $28,182.

The Crypto Daily – Movers and Shakers – July 20th, 2021

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, fell by 3.00% on Monday. Reversing a 0.83% gain from Sunday, Bitcoin ended the day at $30,865.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $31,928.0 before hitting reverse.

Falling short of the first major resistance level at $32,478, Bitcoin slid to an early afternoon intraday low $30,500.0.

Bitcoin fell through the first major support level at $31,136.

Finding support at the second major support level at $30,453, Bitcoin before briefly revisited $31,000 levels before easing back.

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

Binance Coin slid by 7.17% to lead the way down, with Chainlink (-6.42%) and Polkadot (-6.64%) deep in the red.

Cardano’s ADA (-5.04%), Crypto.com Coin (-5.03%), Ethereum (-3.86%), Litecoin (-5.06%), and Ripple’s XRP (-4.86%) also saw heavy losses.

Bitcoin Cash SV ended the day flat.

Early in the week, the crypto total market rose to an early Monday high $1,289bn before falling to a Monday low $1,229bn. At the time of writing, the total market cap stood at $1,243bn.

Bitcoin’s dominance fell to a Monday low 46.06% before rising to a Monday high 46.79%. At the time of writing, Bitcoin’s dominance stood at 46.65%.

This Morning

At the time of writing, Bitcoin was 0.19% to $30,924.6. A mixed start to the day saw Bitcoin fall to an early morning low $30,798.0 before rising to a high $30,926.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, falling by 0.14%.

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

At the time of writing, Ripple’s XRP and Litecoin were up by 1.05% and by 1.04% respectively to lead the way.

BTCUSD 200721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $31,098 pivot to bring the first major resistance level at $31,695 into play.

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

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $31,928.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $33,000 before any pullback. The second major resistance level sits at $32,526.

Failure to move through the $31,098 pivot would bring the first major support level at $30,267 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$29,000 levels. The second major support level at $29,670 should limit the downside.

The Crypto Daily – The Movers and Shakers – July 15th 2021

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Bitcoin, BTC to USD, rose by 0.29% on Wednesday. Partially reversing a 1.05% loss from Tuesday, Bitcoin ended the day at $32,822.6.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $31,588.0 before making a move.

Bitcoin fell through the first major support level at $32,168 and the second major support level at $31,605.

Finding late morning support, however, Bitcoin rallied to a late intraday high $33,128.0.

Falling short of the first major resistance level at $33,315, however, Bitcoin slipped back to sub-$32,700 and into the red.

Late in the day, Bitcoin moved back through to $33,000 levels, before easing back.

The near-term bullish trend remained intact, in spite of the latest return to $32,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin slid by 3.96% to lead the way down, with Bitcoin Cash SV and Polkadot falling by 1.14% and by 3.05% respectively.

Cardano’s ADA (-0.15%) and Litecoin (-0.31%) also saw red on the day.

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

Ethereum rallied by 2.77% to lead the way.

Binance Coin (+0.14%), Chainlink (+0.18%), and Ripple’s XRP (+0.21%) also joined Bitcoin in the green.

In the current week, the crypto total market rose to a Monday high $1,419bn before falling to a Wednesday low $1,265bn. At the time of writing, the total market cap stood at $1,327bn.

Bitcoin’s dominance fell to a Tuesday low 45.74% before rising to a Wednesday high 46.84%. At the time of writing, Bitcoin’s dominance stood at 46.35%.

This Morning

At the time of writing, Bitcoin was down by 0.10% to $32,790.0. A mixed start to the day saw Bitcoin rise to an early morning high $32,870.9 before falling to a low $32,665.1.

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 0.49%.

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

At the time of writing, Chainlink was down by 0.87% to lead the way down.

BTCUSD 150721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $32,513 pivot to bring the first major resistance level at $33,438 into play.

Support from the broader market would be needed for Bitcoin to break out from Wednesday’s high $33,128.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $34,000 levels before any pullback. The second major resistance level sits at $34,053.

A fall through the $32,513 pivot would bring the first major support level at $31,898 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$31,000 levels. The second major support level sits at $30,973.

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

Depositphotos_192431198_s-2019 (1)

Bitcoin, BTC to USD, fell by 3.42% on Monday. Reversing a 2.21% gain from Sunday, Bitcoin ended the day at $33,078.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,655.0 before hitting reverse.

Falling short of the first major resistance level at $34,784, Bitcoin slid to a late intraday low $32,600.0.

Bitcoin fell through the first major support level at $33,510 and the second major support level at $32,776.

Steering clear of sub-$32,000 levels, however, Bitcoin move back through the second major support level to end the day at $33,000 levels.

The near-term bullish trend remained intact, in spite of the latest return to $32,000 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 Monday.

Ethereum and Chainlink led the way down, sliding by 5.17% and by 4.48% respectively.

Binance Coin (-1.80%), Cardano’s ADA (-2.61%), and  Crypto.com Coin (-1.98%) also struggled.

Bitcoin Cash SV (-1.11%), Litecoin (-0.69%), Polkadot (-0.70%), and Ripple’s XRP (-0.80%) saw relatively modest losses, however

Early in the week, the crypto total market rose to a Monday high $1,408bn before falling to a Monday low $1,329bn. At the time of writing, the total market cap stood at $1,339bn.

Bitcoin’s dominance fell to a Monday low 45.85% before rising to a Monday high 46.27%. At the time of writing, Bitcoin’s dominance stood at 46.41%.

This Morning

At the time of writing, Bitcoin was down by 0.48% to $32,919.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,129.0 before falling to a low $32,855.0.

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 0.97% to lead the way down.

BTCUSD 130721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $33,444 pivot to bring the first major resistance level at $34,289 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $34,655.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $36,000 levels before any pullback. The second major resistance level sits at $35,499.

Failure to move through the $33,444 pivot would bring the first major support level at $32,234 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 $31,389 should limit the downside.

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

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

Bitcoin, BTC to USD, fell by 1.07% on Wednesday. Partially reversing a 1.74% gain from Tuesday, Bitcoin ended the day at $33,889.0.

A mixed start to the day saw Bitcoin fall to an early morning low $33,989.0 before making a move.

Steering clear of the first major support level at $33,475, Bitcoin rose to a midday intraday high $35,086.0.

Falling short of the first major resistance level at $35,116, Bitcoin slid to a final hour intraday low $33,810.0.

In spite of the reversal, Bitcoin continued to steer clear of the major support levels late in the day.

The near-term bullish trend remained intact, supported by the latest recent back to $36,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot rallied by 5.61% to lead the way.

Binance Coin (+2.44%), Bitcoin Cash SV (+2.88%), Crypto.com Coin (+0.17%) also found support.

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

Chainlink and Ripple’s XRP fell by 1.47% and by 1.66% respectively to lead the way down.

Cardano’s ADA (-0.81%), Litecoin (-1.05%), and Ethereum (-0.23%) also joined Bitcoin in the red.

Early in the week, the crypto total market fell to a Monday low $1,358bn before rising to a Wednesday high $1,476bn. At the time of writing, the total market cap stood at $1,410bn.

Bitcoin’s dominance rose to a Monday high 45.73% before falling to a Wednesday low 44.55%. At the time of writing, Bitcoin’s dominance stood at 44.65%.

This Morning

At the time of writing, Bitcoin was down by 1.29% to $33,451.0. A mixed start to the day saw rise to an early morning high $33,939.0 before falling to a low $33,434.0.

Bitcoin tested the first major support level at $33,437 early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 2.50% to lead the way down.

BTCUSD 080721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $34,262 pivot to bring the first major resistance level at $34,713 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,500 levels.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $35,086.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $36,000 levels before any pullback. The second major resistance level sits at $35,538.

Failure to move through the $34,262 pivot would bring the first major support level at $33,437 back 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 $32,986 should limit the downside.

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

Golden bitcoin coin on keyboard

Bitcoin, BTC to USD, fell by 4.55% on Monday. Reversing a 1.69% gain from Sunday, Bitcoin ended the day at $33,672.4.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $35,280.0 before hitting reverse.

Falling short of the first major resistance level at $36,025, Bitcoin slid to a late afternoon intraday low $33,126.0.

Bitcoin fell through the first major support level at $34,451 and the second major support level at $33,627.

Steering clear of sub-$33,000 levels, however, Bitcoin broke back through the second major support level to visit $34,000 levels before ending the day at $33,600 levels.

The near-term bullish trend remained intact, supported by the latest recent back to $36,000 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 start to the week.

Crypto.com Coin and Ripple’s XRP slid by 7.22% and by 6.23% to lead the way down.

Bitcoin Cash SV (-3.72%), Cardano’s ADA (-3.95%), Chainlink (-4.80%), Ethereum (-5.42%), and Litecoin (-4.95%) also struggled.

Binance Coin (-1.84%) and Polkadot (-0.27%) saw relatively modest losses on the day.

Early in the week, the crypto total market fell from a Monday high $1,449bn to a Monday low $1,366bn. At the time of writing, the total market cap stood at $1,399bn.

Bitcoin’s dominance rose to a Monday high 45.66% before falling to a Monday low 45.26%. At the time of writing, Bitcoin’s dominance stood at 45.51%.

This Morning

At the time of writing, Bitcoin was up by 0.73% to $33,917.0. A mixed start to the day saw Bitcoin fall to an early morning low $33,625.0 before rising to a high $34,082.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 10.49% to lead the way.

BTCUSD 060721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $34,026 pivot to bring the first major resistance level at $34,926 into play.

Support from the broader market would be needed for Bitcoin to break out from $34,500 levels.

Barring a broad-based crypto rebound, the first major resistance level and Monday’s high $35,280.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 levels before any pullback. The second major resistance level sits at $36,180.

Failure to move back through the $34,026 pivot would bring the first major support level at $32,772 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 $31,872 should limit the downside.