Daily crypto forecast - the top crypto movements today - October 11, 2021

Bitcoin, BTC to USD, fell by 0.52%on Sunday. Bitcoin was able to reverse an increase of 1.89% compared to Saturday and ended the week by 13.37% to 54,691.0

A mixed start to the day led to Bitcoin to an intraday low of $ 54,114.0 in the early morning before it made a movement.

In order to bypass the first major support level at $ 53,939, Bitcoin rose to a late intraday high of $ 56,450.0

Bitcoin broke the first large resistance brand at $ 55,736 before falling back to less than $ 55,000.

late in the day the second large resistance brand coupled back to Bitcoin at $ 56,504.

The short -term upward trend remained intact and supported the recent return to a level of $ 56,000. For the bears, Bitcoin would need a continued decline from the 62 % FIB of $ 27,237 in order to form a short -term downward trend.

The rest of the package

For all other majors it was a bearish day on Sunday.

chainlink slipped by 6.52% to lead the way down.

Binance Coin (-4.20%), Bitcoin Cash SV (-3.60%), Cardanos Ada (-3.48%), Ethereum (-4.48%) and Polkadot (-4.75%) also saw deep red.

Crypto.com Coin (-0.36%), Litecoin (-2.82%), rippleder XRP of -2.09%, however, recorded relatively modest losses.

It was a mixed week for the majors, but in the week that ended by 10 ns October

Binance Coin (-6.14 %) Chainlink (6.94 %) and Polkadot (-5.42 %) led the way down.

cardanos ada (-2.78 %) and Ethereum (-0.15 %) also had to struggle.

For the rest of the majors it was a bullish week.

Bitcoin Cash SV jumped by 19.28%to take the lead.

Crypto.com Coin (+6.24%), Litecoin (+2.49%), and Ripple’s XRP (+7.67%) also followed Bitcoin in the green area.

a week the overall crypto market fell to a Monday depth of $ 2,009 billion before increasing to a Friday high of USD $ 2,425 billion. At the time of the letter, the overall market capitalization was $ 2,287 billion.

The dominance of Bitcoin fell to a Tuesday low of 42.52 % before increasing to a Wednesday high of 45.62 %. At the time of writing, Bitcoin's dominance was 44.97%.

this morning

At the time of writing, Bitcoin fell by 0.40% to $ 54,473.0. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 54,681.0 before it fell to a low of USD 54,461.0

Bitcoin left the most important level of support and resistance at an early stage.

Elsewhere it was a bearish start to the day.

At the time of writing, Crypto.com Coin had dropped by 1.32% to lead the way down.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 55,085 to bring the first great resistance level at $ 56,056.

So that Bitcoin can break through the level of $ 56,000 again, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and this would probably limit the upward trend at 56,450.0 from Sunday.

In the event of a broad crypto rally, Bitcoin could test the resistance at a level of $ 58,000 before retreating. The second major resistance line is $ 57,421.

If the $ 55,085 are not broken, the first major level of support would come into play at $ 53,720.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 52,000. The second large level of support at 52,749 $ 52,749 should limit the downward movement.