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.

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

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

Bitcoin, BTC to USD, fell by 2.38% on Wednesday. Partially reversing a 4.14% gain from Tuesday, Bitcoin ended the day at $35,063.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $36,099.0 before hitting reverse.

Falling well short of the first major resistance level at $36,939, Bitcoin fell to a late intraday low $34,428.0.

Bitcoin fell through the first major support level at $34,566 before a partial recovery to $35,000 levels.

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

The Rest of the Pack

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

Crypto.com Coin slid by 6.79% to lead the way down, with Bitcoin Cash SV falling by 3.82%.

Chainlink (-0.09%) and Ripple’s XRP (-0.60%) also joined Bitcoin in the red.

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

Ethereum led the way, rising by 5.13%.

Binance Coin (+0.93%), Cardano’s ADA (+0.88%), Litecoin (+0.12%), and Polkadot (+3.19%) also found support.

In the current week, the crypto total market fell to a Monday low $1,342bn before rising to a Tuesday high $1,485bn. At the time of writing, the total market cap stood at $1,431bn.

Bitcoin’s dominance rose to a Monday high 47.67% before falling to a Wednesday low 45.85%. At the time of writing, Bitcoin’s dominance stood at 45.85%.

This Morning

At the time of writing, Bitcoin was down by 0.17% to $35,001.9. A mixed start to the day saw Bitcoin rise to an early morning high $35,069.0 before falling to a low $34,942.8.

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, rallying by 4.91%.

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

At the time of writing, Chainlink was down by 0.83% to lead the way down.

BTCUSD 010721 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $35,197 pivot to bring the first major resistance level at $35,965 into play.

Support from the broader market would be needed for Bitcoin to break out from $35,500 levels.

Barring a broad-based crypto rebound, the first major resistance level and resistance at $36,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $36,868.

Failure to move through the $35,197 pivot would bring the first major support level at $34,294 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 $33,526 should limit the downside.

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.

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.

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.