Binance Coin Mid-Week Analysis – Resistance Levels in Play – 30/06/21

Binance

Binance Coin Price Resistance

It’s been a bullish 1st half of the week for Binance Coin.

A mixed start to the week, however, saw Binance Coin fall to a Sunday current week low $263.06 making a move.

While steering clear of the first major support level at $221, Binance Coin fell through the 62% FIB of $273.

Finding support on Monday, however, Binance Coin rallied to a Tuesday current week high $318.24.

While falling short of the first major resistance level at $343, Binance Coin broke back through the 62% FIB.

For the current week, Sunday through Tuesday, Binance Coin was up by 7.53% to $300.87. A 3.99% gain on Sunday and a 3.74% rise on Tuesday delivered the early upside.

The near-term bullish trend remained intact in spite of the return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish first half of the year, however, with Binance Coin up by 703% year-to-date.

At the time of writing, Binance Coin was down by 0.92% to $298.11. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $295.35 before rising to a high $303.28.

Binance Coin left the major support and resistance levels untested early in the day on Wednesday.

BNBUSD 300621 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $284 to bring the first major resistance level at $343 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $318.24.

Barring an extended rally going into the weekend, the first major resistance level and resistance at $350 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at $400. The second major resistance level sits at $405.

A fall back through the $284 pivot would bring the 62% FIB of $273 and the first major support level at $221 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$200 levels. The second major support level sits at $162.

Looking at the Technical Indicators

First Major Support Level: $221

Pivot Level: $284

First Major Resistance Level: $343

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

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

Golden bitcoins on the black background closeup. Cryptocurrency virtual money

Bitcoin, BTC to USD, fell by 0.72% on Monday. Partially reversing a 7.41% rally from Sunday, Bitcoin ended the day at $34,494.5.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $35,319.0 before hitting reverse.

Falling short of the first major resistance level at $35,670, Bitcoin fell to a mid-day intraday low $33,897.0.

Steering clear of the first major support level at $32,942, Bitcoin revisited $35,000 levels before falling back 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 Monday.

Binance Coin (-0.32%), Cardano’s ADA (-0.89%), and Ripple’s XRP (-0.75%) joined Bitcoin in the red.

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

Bitcoin Cash SV surged by 29.96% to lead the way.

Chainlink (+2.24%), Crypto.com Coin (+6.06%), Ethereum (+4.99%), Litecoin (+3.81%), and Polkadot (+5.79%) also found strong support.

Early in the week, the crypto total market fell to a Monday low $1,342bn before rising to a Monday high $1,420bn. At the time of writing, the total market cap stood at $1,384bn.

Bitcoin’s dominance rose to a Monday high 47.67% before falling to a Monday low 46.60%. At the time of writing, Bitcoin’s dominance stood at 47.79%.

This Morning

At the time of writing, Bitcoin was up by 0.18% to $34,556.0. A mixed start to the day saw Bitcoin fall to an early morning low $34,411.0 before rising to a high $34,750.9.

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, Litecoin was up by 1.75% to lead the way.

BTCUSD 290621 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $34,570 pivot to bring the first major resistance level at $35,243 into play.

Support from the broader market would be needed for Bitcoin to break back through to $35,000 levels.

Barring a broad-based crypto rebound, the first major resistance level and Monday’s high $35,319.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $37,000. The second major resistance level sits at $35,992.

Failure to move through the $34,570 pivot would bring the first major support level at $33,821 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$33,000 levels. The second major support level at $33,148 should limit the downside.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 27/06/21

Depositphotos_166797044_s-2019

Binance Coin

Binance Coin slid by 16.24% in the week ending 26th June. Following a 2.88% decline from the previous week, Binance Coin ended the week at $279.79.

A mixed start to the week, however, saw Binance Coin rise to a Sunday intraweek high $346.41 before hitting reverse.

Falling short of the first major resistance level at $376, Binance Coin slid to a Tuesday intraweek low $224.74.

The sell-off saw Binance Coin fall through the first major support level at $306 and the second major support level at $277.

Binance Coin also fell through the 62% FIB of $273 before finding support.

Mid-week, Binance Coin broke back through the support levels and the 62% FIB to revisit $324 levels before falling back to sub-$300.

The pullback saw Binance Coin fall back through the first major support level to end the week at $279 levels.

Binance Coin found support at the first major support level and the 62% FIB late in the week.

4 days in the red that included a 20.09% tumble on Monday delivered the downside.

For the week ahead

Binance Coin would need to move through the $284 pivot to bring the first major resistance level at $343 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through to $300 levels.

Barring an extended rally, the first major resistance level and last week’s high $346.41 should limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $405.

Failure to move through the $284 pivot would bring the 62% FIB of $273 and the first major support level at $221 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$200 levels. The second major support level sits at $162.

At the time of writing, Binance Coin was up by 0.10% to $280.06. A mixed start to the week saw Binance Coin fall to an early Sunday low $276.82 before rising to a high $285.15.

Binance Coin left the major support and resistance levels untested at the start of the week.

BNBUSD 270621 Daily Chart

Litecoin

Litecoin slid by 16.89% in the week ending 26th June. Following a 5.76% decline from the previous week, Litecoin ended the week at $126.81.

A bullish start to the week saw Litecoin rise to a Sunday intraweek high $156.20 before hitting reverse.

Falling short of the first major resistance level at $172, Litecoin tumbled to a Tuesday intraweek low and swing lo $105.00.

Litecoin fell through the first major support level at $142 and the second major support level at $132.

The extended sell-off also led to a near-term bearish trend formed at 10th May’s swing hi $413.91.

Finding support late in the week, Litecoin moved back through to $138 levels before easing back into the deep red.

3 days in the red that included a 19.64% tumble on Monday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $129 pivot to bring the first major resistance level at $154 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $156.20 would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at the 23.6% FIB of $178. The second major resistance level sits at $180.

Failure to move through the $129 pivot would bring the first major support level at $103 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $78.

At the time of writing, Litecoin was down by 0.04% to $126.76. A mixed start to the week saw Litecoin fall to an early morning low $125.77 before rising to a high $127.93.

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

LTCUSD 270621 Daily Chart

Tron’s TRX

Tron’s TRX fell by 8.10% in the week ending 26th June. Reversing a 0.35% gain from the previous week, Tron’s TRX ended the week at $0.06262.

A bearish start to the week saw Tron’s TRX slide to a Tuesday intraweek low and a swing lo $0.04457 before making a move.

Tron’s TRX fell through the first major support level at $0.06170 and the second major support level at $0.05525.

The extended sell-off also led to a near-term bearish trend formation at 16th April’s swing hi $0.1844.

Finding mid-week support, however, Tron’s TRX rallied to a Thursday intraweek high $0.07164.

Falling short of the first major resistance level at $0.07587, Tron’s TRX fell back to sub-$0.060 levels before ending the week at $0.062 levels.

4 days in the red that included a 20.96% tumble on Monday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to avoid the $0.05961 pivot to support a run at the first major resistance level at $0.07465.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.07164.

Barring a broad-based crypto rally, first major resistance level and the 23.6% FIB of $0.07870 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.085. The second major resistance level sits at $0.08668.

A fall through the $0.05961 pivot would bring the first major support level at $0.04758 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.040 levels. The second major support level sits at $0.03254.

At the time of writing, Tron’s TRX was up by 0.66% to $0.06304. A mixed start to the week saw Tron’s TRX fall to an early Sunday low $0.06179 before rising to a high $0.06396.

Tron’s TRX left the support and resistance levels untested early on.

TRXUSD 270621 Daily Chart

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

crypto currency mining concept

Bitcoin, BTC to USD, rose by 3.44% on Wednesday. Following on from a 2.68% gain on Tuesday, Bitcoin ended the day at $33,691.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $31,790.0 before making a move.

Steering clear of the first major support level at $30,090, Bitcoin rallied to an early afternoon intraday high $34,778.0.

Bitcoin broke through the first major resistance level at $34,211 before falling back to sub-$33,000 levels.

Finding late support, however, Bitcoin move back through to $33,000 levels to deliver the upside on the day.

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 for the majors on Wednesday.

Ripple’s XRP jumped by 16.72% to lead the way, with Binance Coin gaining 12.98%.

Cardano’s ADA (+8.18%), Chainlink (+9.30%), and Litecoin (+7.86%) also found strong support.

Bitcoin Cash SV (+6.08), Crypto.com Coin (+6.28%), Ethereum (+4.63%), and Polkadot (+3.88%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $1,488bn before falling to a Tuesday low $1,127bn. At the time of writing, the total market cap stood at $1,338bn.

Bitcoin’s dominance fell to a Monday low 45.03% before rising to a Wednesday high 48.29%. At the time of writing, Bitcoin’s dominance stood at 47.00%.

This Morning

At the time of writing, Bitcoin was down by 0.20% to $33,622.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,869.0 before falling to a low $33,516.0.

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

Elsewhere, it was a bullish start to the day.

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

BTCUSD 240621 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $33,420 pivot to bring the first major resistance level at $35,049 into play.

Support from the broader market would be needed for Bitcoin to break back through to $35,000 levels.

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

In the event of another extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,408.

A fall through the $33,420 pivot would bring the first major support level at $32,061 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $30,432.

Binance Coin Mid-Week Analysis – Support Levels in Play – 23/06/21

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

Binance Coin Price Resistance

It’s been a bearish 1st half of the week for Binance Coin.

A mixed start to the week, however, saw Binance Coin rise to a Sunday current week high $346.41 before hitting reverse.

Falling short of the first major resistance level at $376, Binance Coin slid to a Tuesday current week low $224.74.

The sell-off saw Binancce Coin fall through the first major support level at $306 and the second major support level at $277.

More significantly, Binance Coin also fell through the 62% FIB of $273 before finding support.

Recovering from Tuesday’s low, Binance Coin briefly broke back through the 62% FIB and the second major support level.

A bearish end to the day, however, saw Binance Coin fall back to sub-$270 levels.

For the current week, Sunday through Tuesday, Binance Coin was down by 21.51% to $262.2. A 20.09% tumble on Monday delivered the downside early in the week.

The near-term bullish trend remained intact in spite of the recent return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish first half of the year, however, with Binance Coin up by 600% year-to-date.

At the time of writing, Binance Coin was up by 1.94% to $267.29. A mixed start to the day on Wednesday saw Binance Coin fall to an early low $252.53 before rising to a high $270.94

Binance Coin left the major support and resistance levels untested early in the day on Wednesday.

BNBUSD 230621 Daily Chart

For the remainder of the week

Binance Coin would need to break back through the 62% FIB of $273, the major support levels and the pivot at $347 to bring the first major resistance level at $376 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $346.41.

Barring an extended rally going into the weekend, resistance at $350 would likely leave Binance Coin short of the major resistance levels.

In the event of an extended breakout, however, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $417.

Failure to move back through the second and first major support levels would bring the third major support level at $207.44 into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of sub-$200 levels.

Looking at the Technical Indicators

First Major Support Level: $306

Pivot Level: $347

First Major Resistance Level: $376

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

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

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, slid by 11.01% on Monday. Following an 8.64% loss from the previous week, Bitcoin ended the day at $31,726.4.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $35,832.0 before hitting reverse.

Falling short of the first major resistance level at $36,768, Bitcoin slid to late intraday low $31,368.0.

Bitcoin fell through the first major support level at $33,953 and the second major support level at $32,274.

Finding late support, Bitcoin briefly revisited $32,000 levels before easing back.

The near-term bullish trend remained intact in spite of the latest slide back to $31,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a particularly bearish start to the week.

Ripple’s XRP and Binance Coin slumped by 21.53% and by 20.09% to lead the way down.

Chainlink (-19.45%) and Litecoin (-19.65%) were also deep in the red for the day.

Bitcoin Cash SV (-16.57%), Cardano’s ADA (-17.66%), Crypto.com Coin (-8.53%), Ethereum (-15.93%), and Polkadot (-14.23%) also struggled, however.

Early in the week, the crypto total market rose to a Monday high $1,488bn before falling to an early Tuesday low $1,234bn. At the time of writing, the total market cap stood at $1,254bn.

Bitcoin’s dominance fell to a Monday low 45.03% before rising to an early Tuesday high 47.36%. At the time of writing, Bitcoin’s dominance stood at 47.07%.

This Morning

At the time of writing, Bitcoin was down by 0.38% to $31,605.0. A mixed start to the day saw Bitcoin rise to an early morning high $31,967.0 before falling to a low $31,300.0.

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

Elsewhere, it was a mixed start to the day.

Ethereum found early support, rising by 0.25% to buck the trend early on.

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

At the time of writing, Bitcoin Cash SV was down by 11.69% to lead the way down.

BTCUSD 220621 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $32,976 pivot to bring the first major resistance level at $34,583 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 rebound, the first major resistance level and resistance at $35,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test the second major resistance level at $37,440.

Failure to move through the $32,976 pivot would bring the first major support level at $30,119 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the 62% FIB of $27,237. The second major support level at $28,512 should limit the downside.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 20/06/21

crypto currency mining concept

Binance Coin

Binance Coin fell by 2.88% in the week ending 19th June. Following an 11.95% slide from the previous week, Binance Coin ended the week at $333.95.

A mixed start to the week, however, saw Binance Coin slide to a Sunday intraweek low $318.81 before making a move.

Steering clear of the first major support level at $304, Binance Coin rallied to a Tuesday intraweek high $388.66.

Falling short of the first major resistance level at $396, however, Binance Coin slid back to $322 levels before finding support.

4 days in the red that included a 5.33% slide on Wednesday and a 4.42% decline on Friday delivered the downside.

For the week ahead

Binance Coin would need to move through the $347 pivot to bring the first major resistance level at $376 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $350 levels.

Barring an extended rally, the first major resistance level and last week’s high $388.66 should limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $417.

Failure to move through the $347 pivot would bring the first major support level at $306 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$250 levels. The second major support level at $277 and the 62% FIB of $273 should limit the downside.

At the time of writing, Binance Coin was down by 0.17% to $333.40. A mixed start to the week saw Binance Coin rise to an early Sunday high $336.87 before falling to a low $329.82.

Binance Coin left the major support and resistance levels untested at the start of the week.

BNBUSD 200621 Daily Chart

Litecoin

Litecoin fell by 5.76% in the week ending 19th June. Following a 6.45% decline from the previous week, Litecoin ended the week at $152.53.

A bullish start to the week saw Litecoin rise to a Tuesday intraweek high $181.26 before hitting reverse.

Litecoin broke through the 62% FIB of $174 to test the first major resistance level at $181.

The reversal saw Litecoin slide back through the 62% FIB of $174 to a Friday intraweek low $151.11.

Steering clear of the first major support level at $144, however, Litecoin found support to end the week at $152 levels.

4 days in the red that included a 4.88% fall on Tuesday and a 6.44% slide on Friday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $162 pivot to bring the first major resistance level at $172 and the 62% FIB of $174 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels.

Barring an extended crypto rally, the first major resistance level and 62% FIB would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $192.

Failure to move through the $162 pivot would bring the first major support level at $142 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $132.

At the time of writing, Litecoin was down by 0.26% to $152.13. A mixed start to the week saw Litecoin rise to an early Sunday high $153.34 before falling to a low $150.50.

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

LTCUSD 200621 Daily Chart

Tron’s TRX

Tron’s TRX rose by 0.35% in the week ending 19th June. Following a 9.41% fall from the previous week, Tron’s TRX ended the week at $0.06815.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.06297 before making a move.

Steering clear of the first major support level at $0.06122, Tron’s TRX rose to a Thursday intraweek high $0.07714.

While falling short of the first major resistance level at $0.07856, Tron’s TRX broke through the 62% FIB of $0.07480.

A bearish end to the week, however, saw Tron’s TRX fall back through the 62% FIB to end the week at sub-$0.070 levels.

4 days in the green that included a 7.02% rally on Thursday delivered the upside.

For the week ahead

Tron’s TRX would need to move through the $0.06942 pivot to support a run at the 62% FIB of $0.07480 and the first major resistance level at $0.07587.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 62% FIB.

Barring a broad-based crypto rally, first major resistance level and last week’s high $0.07714 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.085. The second major resistance level sits at $0.08359.

Failure to move through the $0.06942 pivot would bring the first major support level at $0.06170 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05525.

At the time of writing, Tron’s TRX was down by 0.80% to $0.06761. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.06883 before falling to a low $0.06710.

Tron’s TRX left the support and resistance levels untested early on.

TRXUSD 200621 Daily Chart

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

Silver and golden coins with bitcoin, ripple and ethereum symbol

Bitcoin, BTC to USD, slid by 4.48% on Wednesday. Following a 0.92% loss on Tuesday, Bitcoin ended the day at $38,346.0.

A mixed start to the day saw Bitcoin rise to a mid-morning intraday high $40,460.0 before hitting reverse.

Falling short of the first major resistance level at $41,125, Bitcoin slid to a late intraday low $38,121.0.

Bitcoin fell through the first major support level at $39,298 and the second major support level at $38,458 to end the day at sub-$38,500 levels.

The near-term bullish trend remained intact in spite of the latest slide back to $38,000 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 bucked the trend on the day, rising by 0.61%.

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

Chainlink and Ethereum slid by 6.25% and by 6.91% respectively to lead the way down.

Binance Coin (-5.33%), Bitcoin Cash SV (-4.11%), Cardano’s ADA (-4.57%), Litecoin (-4.90%), and Ripple’s XRP (-3.95%) also struggled.

Crypto.com Coin fell by a more modest 0.51% on the day.

In the current week, the crypto total market rose to a Tuesday high $1,708bn before falling to a Wednesday low $1,543bn. At the time of writing, the total market cap stood at $1,574bn.

Bitcoin’s dominance fell to a Monday low 45.34% before rising to a Wednesday high 46.26%. At the time of writing, Bitcoin’s dominance stood at 45.80%.

This Morning

At the time of writing, Bitcoin was up by 0.35% to $38,480.0. A mixed start to the day saw Bitcoin fall to an early morning low $38,211.0 before rising to a high $38,621.1.

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 1.46% to buck the trend early on.

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

At the time of writing, Chainlink was up by 1.65% to lead the way.

BTCUSD 170621 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $38,976 pivot to bring the first major resistance level at $39,830 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 resistance at $40,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at the 38.2% FIB of $41,592 before any pullback. The second major resistance level sits at $41,315.

Failure to move through the $38,976 pivot would bring the first major support level at $37,491 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$36,000 levels. The second major support level at $36,637 should limit the downside.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 16/06/21

Apple iPhone and Binance logo, with dollars and cryptocurrency.

Binance Coin Price Resistance

It’s been a bullish 1st half of the week for Binance Coin.

A mixed start to the week, however, saw Binance Coin slid to a Sunday current week low $318.81 before making a move.

Steering clear of the first major support level at $304, Binance Coin rallied to a Monday current week high $386.58.

Falling short of the first major resistance level at $396, however, Binance Coin eased back to sub-$370 levels.

For the current week, Sunday through Tuesday, Binance Coin was up by 6.69% to $366.84. A 6.45% rally on Sunday and a 1.20% gain from Monday delivered the upside early in the week.

The near-term bullish trend remained intact in spite of the recent return to sub-$300 levels. For the bears, a sustained fall through the 62% FIB of $272 would form a near-term bearish trend.

It has been a bullish first half of the year, however, with Binance Coin up by 879%.

At the time of writing, Binance Coin was down by 0.68% to $364.34. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $367.02 before falling to a low $362.73.

Binance Coin left the major support and resistance levels untested early in the day on Wednesday.

BNBUSD 160621 Daily Chart

For the remainder of the week

Binance Coin would need to avoid a fall back through the pivot at $356 to bring the first major resistance level at $396 back into play.

Support from the broader market would be needed, however, for Binance Coin to break out from the current week high $386.58.

Barring an extended rally going into the weekend, the first major resistance level and resistance at $400 would likely cap any upside.

In the event of an extended breakout, however, Binance Coin could test resistance at the 38.2% FIB of $438 and the second major resistance level at $448.

A fall back through the $356 pivot would bring the first major support level at $304 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should steer of the 62% FIB of $273. The second major support level sits at $265.

Looking at the Technical Indicators

First Major Support Level: $304

Pivot Level: $356

First Major Resistance Level: $396

23.6% FIB Retracement Level: $540

38.2% FIB Retracement Level: $438

62% FIB Retracement Level: $273

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

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 3.87% on Monday. Following a 9.66% rally on Sunday, Bitcoin ended the day at $40,509.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $38,732.0 before making a move.

Steering clear of the first major support level at $36,075, Bitcoin surged to an early afternoon intraday high $40,980.0.

Bitcoin broke through the first major resistance level at $40,649 before falling back to sub-$40,000 levels.

Finding late support, however, Bitcoin moved back through to $40,500 levels to deliver the upside on the day.

The near-term bullish trend remained intact supported by the latest move back through 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 bullish day on Monday.

Bitcoin Cash SV surged by 18.05% to lead the day, with Polkadot rallying by 13.03%.

Chainlink (+7.09%), Crypto.com Coin (+6.73%), and Litecoin (+5.32%) also found strong support.

Binance Coin (+1.20%), Cardano’s ADA (+1.26%), Ethereum (+2.89%), and Ripple’s XRP (+0.55%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,591bn before rising to a Monday high $1,667bn. At the time of writing, the total market cap stood at $1,656bn.

Bitcoin’s dominance fell to a Monday low 45.44% before rising to a Monday high 46.18%. At the time of writing, Bitcoin’s dominance stood at 45.66%.

This Morning

At the time of writing, Bitcoin was down by 0.50% to $40,308.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,621.0 before falling to a low $40,308.0.

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 1.24% to lead the way down.

BTCUSD 150621 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $40,074 pivot to bring the first major resistance level at $41,415 and the 38.2% FIB of $41,592 into play.

Support from the broader market would be needed for Bitcoin to break out from Monday’s high $40,980.0.

Barring a broad-based crypto rally, the first major resistance level and resistance at the 38.2% FIB 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 $42,322.

A fall through the $40,074 pivot would bring the first major support level at $39,167 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$38,000 levels. The second major support level sits at $37,826.