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

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, rose by 7.95% on Wednesday. Reversing a 6.81% slide from Tuesday, Bitcoin ended the day at $57,487.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $52,960.0 before making a move.

Steering clear of the first major support level at $51,823, Bitcoin rose to a late afternoon intraday high $57,898.0.

Bitcoin broke through the first major resistance level at $55,922 before easing back to $56,500 levels.

Finding late support, however, Bitcoin moved back through to $57,000 levels to end the day at $57,400 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV surged by 30.10% to lead the way.

Cardano’s ADA (+16.62%), Litecoin (+16.70%), and Ripple’s XRP (+16.17%) also made solid gains.

Binance Coin (+7.04%), Chainlink (+8.79%), Ethereum (+8.96%), and Polkadot (+7.65%) weren’t far behind, while Crypto.com Coin (+6.64%) trailed the front runners.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Wednesday high $2,384bn. At the time of writing, the total market cap stood at $2,314bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Wednesday low 45.49%. At the time of writing, Bitcoin’s dominance stood at 46.04%.

This Morning

At the time of writing, Bitcoin was down by 0.92% to $56,958.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,500.0 before falling to a low $56,751.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP (4.43%), Bitcoin Cash SV (+2.67%), Crypto.com Coin (+0.94%), and Polkadot (+0.36%) found early support.

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

At the time of writing, Chainlink was down by 3.17% to lead the way down.

BTCUSD 060521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $56,115 to support a run at the first major resistance level at $59,270.

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 resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829 before any pullback. The second major resistance level sits at $61,053.

Failure to avoid a fall through the pivot at $56,115 would bring the first major support level at $54,332 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $51,117.

 

The Crypto Daily – Movers and Shakers – May 4th, 2021

Different cryptocurrencies in a circle with a golden bitcoin in

Bitcoin, BTC to USD, rose by 0.96% on Monday. Partially reversing a 2.02% loss from Sunday, Bitcoin ended the day at $57,147.0.

A bullish start to the day saw Bitcoin rally to a late morning intraday high $58,945.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $57,653 and the second major resistance level at $58,702.

Falling short of $60,000 levels, Bitcoin slid to a late intraday low $56,511.0.

Steering clear of the first major support level at $55,803, Bitcoin move back through to $57,000 levels and back into the green.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP fell by 0.59% to buck the trend on the day.

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

Bitcoin Cash SV and Ethereum rallied by 12.60% and by 16.32% to lead the way.

Binance Coin (+8.78%), Chainlink (+6.47%), and Litecoin (+9.59%) also found strong support.

Cardano’s ADA (+2.66%), Crypto.com Coin (+1.35%), and Polkadot (+0.66%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $2,137bn before rising to a Monday high $2,332bn. At the time of writing, the total market cap stood at $2,216bn.

Bitcoin’s dominance rose to a Monday high 49.27% before falling to an early Tuesday low 47.21%. At the time of writing, Bitcoin’s dominance stood at 47.61%.

This Morning

At the time of writing, Bitcoin was down by 1.13% to $56,502.1. A mixed start to the day saw Bitcoin rise to an early morning high $57,166.0 before falling to a low $56,430.0.

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, Ripple’s XRP was down by 3.80% to lead the way down.

BTCUSD 040521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $57,534 to support a run at the first major resistance level at $58,558.

Support from the broader market would be needed for Bitcoin to breakout back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $58,945 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 $59,968.

Failure to move back through the pivot at $57,534 would bring the first major support level at $56,124 into play.

Barring another extended sell-off on the day, Bitcoin should avoid a fall back to sub-$55,000 levels. The second major support level at $55,100 should limit the downside.

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

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

Bitcoin, BTC to USD, fell by 0.33% on Wednesday. Partially reversing a 1.76% gain from Tuesday, Bitcoin ended the day at $54,859.0.

A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $53,917.0 before making a move.

Steering clear of the first major support level at $53,753, Bitcoin rallied to a late intraday high $56,432.0.

Bitcoin broke through the first major resistance level at $55,886 before falling back to sub-$54,100 levels.

Finding late support, however, Bitcoin moved back through to $54,800 levels to limit the downside on the day.

The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA and Ethereum bucked the trend with gains of 2.30% and 3.14% respectively.

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

Ripple’s XRP fell by 3.10% to lead the way down.

Binance Coin (-1.13%), Chainlink (-1.44%), Crypto.com Coin (-2.84%), and Polkadot (-2.16%) also struggled.

Bitcoin Cash SV (-0.73%) and Litecoin (-0.45%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,055bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Wednesday low 49.71%. At the time of writing, Bitcoin’s dominance stood at 50.14%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $55,160.4. A mixed start to the day saw Bitcoin fall to an early morning low $54,733.0 before rising to a high $55,199.0.

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 down by 0.48% and by 0.35% to buck the trend early on.

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

At the time of writing, Cardano’s ADA was up by 0.43% to lead the way.

BTCUSD 290421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $55,069 pivot to bring the first major resistance level at $56,222 into play.

Support from the broader market would be needed for Bitcoin to break back through to $56,000 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $56,432.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $57,584.

Failure to avoid a fall back through the $55,069 would bring the first major support level at $53,707 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the 23.6% FIB of $50,473. The second major support level at $52,554 should limit the downside.

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

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

Bitcoin, BTC to USD, rallied by 10.12% on Monday. Reversing a 2.03% fall from Sunday, Bitcoin ended the day at $54,102.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $48,831.0 before making a move.

Steering clear of the first major support level at $47,270, Bitcoin rallied to a late afternoon intraday high $54,387.0.

Bitcoin broke through the first major resistance level at $50,829 and the second major resistance level at $52,530.

More significantly, Bitcoin also broke back through the 23.6% FIB of $50,473.

Falling short of $55,000 levels, Bitcoin fell back through to sub-$53,000 levels before ending the day at $54,100 levels.

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

The Rest of the Pack

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

Ripple’s XRP jumped by 31.66% to lead the way, with Cardano’s ADA rallying by 13.48%.

Bitcoin Cash SV (+7.69%), Chainlink (+10.96%), Ethereum (+9.11%), and Litecoin (+10.43%) also found strong support.

Binance Coin (+5.99%), Crypto.com Coin (+5.87%), and Polkadot (+1.77%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,778bn before rising to a high $2,008bn. At the time of writing, the total market cap stood at $1,962.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Monday low 50.65%. At the time of writing, Bitcoin’s dominance stood at 51.20%.

This Morning

At the time of writing, Bitcoin was .

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Polkadot were up by 2.98% and by 1.06% 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 was down by 1.68% to lead the way.

BTCUSD 270421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $52,440 pivot to bring the first major resistance level at $56,049 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

Barring an extended 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 $60,000 before any pullback. The second major resistance level sits at $57,996.

Failure to avoid a fall through the $52,440 would bring the first major support level at $50,493 and the 23.6% FIB of $50,473 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$49,000 levels. The second major support level sits at $46,884.

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

Depositphotos_197585438_s-2019

Bitcoin, BTC to USD, slid by 4.77% on Wednesday. Reversing a 1.53% gain from Tuesday, Bitcoin ended the day at $53,780.0.

A bullish start to the day saw Bitcoin rise to a late morning intraday high $56,790.0 before hitting reverse.

Falling short of the first major resistance level at $57,935, Bitcoin slid to a late intraday low $53,609.0.

The sell-off saw Bitcoin fall through the first major support level at $54,173 to end the day at $53,700 levels.

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

The Rest of the Pack

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

Crypto.com Coin, (+5.19%), Ethereum (+1.07%), and Polkadot (+0.06%) bucked the trend on the day.

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

Binance Coin (-7.38%), Chainlink (-6.76%), and Ripple’s XRP (-6.95%) led the way down.

Bitcoin Cash SV (-1.22%), Cardano’s ADA (-5.11%), and Litecoin (-1.18%) also struggled, however.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Tuesday low $1,839bn. At the time of writing, the total market cap stood at $1,954bn.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Wednesday low 50.74%. At the time of writing, Bitcoin’s dominance stood at 51.58%.

This Morning

At the time of writing, Bitcoin was up by 0.34% to $53,964.0. A mixed start to the day saw Bitcoin fall to an early morning low $53,225.0 before rising to a high $54,158.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (-4.83%) and Cardano’s ADA (-0.12%) 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, Ethereum was up by 1.14% to lead the way.

BTCUSD 220421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $54,726 to bring the first major resistance level at $55,844 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 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 $57,907.

Failure to move through the $54,726 pivot would bring the first major support level at $52,663 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 $51,545 should limit the downside.

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

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

Bitcoin, BTC to USD, fell by 0.96% on Monday. Following on from a 6.29% slide on Sunday, Bitcoin ended the day at $55,630.0.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $57,500.0 before hitting reverse.

Falling short of the first major resistance level at $60,801, Bitcoin fell to a mid-afternoon intraday low $54,256.0.

Steering clear of the first major support level at $51,022, Bitcoin revisited $56,500 levels before easing back.

The near-term bullish trend remained intact in spite of the latest slide back to $50,500 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin rose by 4.55% to buck the trend on the day.

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

Bitcoin Cash SV slid by 14.40% to lead the way down.

Cardano’s ADA (-6.57%), Chainlink (-8.50%), Polkadot (-6.20%), and Ripple’s XRP (-7.70%) also saw heavy losses.

Crypto.com Coin (-3.95%), Ethereum (-3.47%), and Litecoin (-4.59%) saw relatively modest losses on the day.

Early in the week, the crypto total market rose to a Monday high $2,100bn before sliding to a Monday low $1,886bn. At the time of writing, the total market cap stood at $1,949bn.

Bitcoin’s dominance fell to a Monday low 51.28% before rising to a Monday high 53.75%. At the time of writing, Bitcoin’s dominance stood at 52.96%.

This Morning

At the time of writing, Bitcoin was down by 0.71% to $55,237.0. A mixed start to the day saw Bitcoin rise to an early morning high $55,748.0 before falling to a low $55,229.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV bucked the trend early on, rising by 0.96%.

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

At the time of writing, Ripple’s XRP was down by 2.30% to lead the way down.

BTCUSD 200421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $55,795 to bring the first major resistance level at $57,335 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 $57,500.0 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 $59,039.

Failure to move through the $55,795 pivot would bring the first major support level at $54,091 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$53,000 levels. The second major support level sits at $52,551.

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

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, fell by 0.95% on Wednesday. Partially reversing a 6.09% gain from Tuesday, Bitcoin ended the day at $62,914.0.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high and a new swing hi $64,829.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $64,775 before falling to a late intraday low $61,306.0.

Steering clear of the first major support level at $61,078, Bitcoin moved back through to $62,900 levels to reduce the deficit on the day.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin (-0.22%) and Polkadot (-0.02%) saw red to buck the trend alongside Bitcoin on the day.

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

Bitcoin Cash SV  and Chainlink rallied by 11.94% and by 16.45% respectively to lead the way.

Crypto.com Coin (+5.63%), Ethereum (+5.76%), and Litecoin (+4.14%) also made solid gains.

Cardano’s ADA (+2.84%) and Ripple’s XRP (+2.30%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Wednesday high $2,259bn. At the time of writing, the total market cap stood at $2,170bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Wednesday low 53.68%. At the time of writing, Bitcoin’s dominance stood at 54.41%.

This Morning

At the time of writing, Bitcoin up by 0.32% to $63,115.0. A bullish start to the day saw Bitcoin rise from an early morning low $62,907.0 to an early morning high $63,327.0.

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

Elsewhere, it was a mixed start to the day.

Ethereum (+0.43%) and Crypto.com Coin (+3.07%) joined Bitcoin in the green 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 1.29% to lead the way down.

BTCUSD 150421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $63,016 to bring the first major resistance level at $64,727 into play.

Support from the broader market would be needed for Bitcoin to break out from $64,500 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s new swing hi $64,829.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $68,000 before any pullback. The second major resistance level sits at $66,539.

Failure to avoid a fall back through the $63,016 pivot would bring the first major support level at $61,204 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$60,000 levels. The second major support level sits at $59,493.

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.