Daily crypto forecast - the top crypto movements today - October 5, 2021

Bitcoin, BTC to USD, increased by 2.10%on Monday. After an increase of 1.24% on Sunday, Bitcoin ended the day at $ 49,252.0

After a mixed start into the day, Bitcoin fell to an intra-raday low of $ 46,897.0 in the afternoon before it made a movement.

Bitcoin fell at $ 47,176 due to the first major level of support, before it rose to an intraday high of $ 49,503.0 in the late afternoon.

In the rally Bitcoin broke the first major resistance brand at $ 49,252 before it went back to less than $ 49,000.

Bitcoin found late support and broke back to a level of $ 49,000. However, Bitcoin coupled the first major level of resistance at the end of the day.

The short -term upward trend remained intact and supported the recent return to a level of $ 49,000. 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

In all other majors it was a mixed day on Monday.

Bitcoin Cash SV opposed the trend and increased by 0.09 %to join Bitcoin in the green area.

for the other majors, however, it was a bearish day.

Polkadot slipped by 4.99% to lead the way down, with Cardanos Ada (-2.70%). Chainlink (-3.56%), Crypto.com Coin, (-2.50%) and Litecoin (-1.79%) also fight.

Binance Coin (-0.98%), Ethereum (-0.95%), and Ripple’s XRP (-1.20%), however, recorded relatively modest losses.

At the beginning of the week, the overall crypto market fell to a Monday depth of $ 2,082 billion before increasing to a Monday high of USD $ 2,181 billion. At the time of the letter, the overall market capitalization was The dominance of Bitcoin fell on a Monday depth of 42.06% before it rose to a Monday high of 42.88%. At the time of writing, Bitcoin's dominance was 42.86%.

this morning

At the time of writing, Bitcoin rose 0.31% to $ 49,405.0. A mixed start to the day led to Bitcoin fell to a low in the early morning of $ 49,065.0 before it rose to a high of $ 49,486.0

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

Elsewhere it was a mixed start to the day.

Bitcoin Cash SV and Polkadot opposed the early trend with losses of 0.42 % or 0.52 %.

For the rest of the majors, however, it was a bullish start.

At the time of writing, Crypto.com Coin had increased by 2.34% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 48,551 in order to bring the first major level of resistance at $ 50,204 and the 23.6% FIB of $ 50,473.

So that Bitcoin can break through a level of $ 50,000 again, support from the wider market would be required.

Without a broad crypto rally, the FIB of 23.6% of $ 50,473 would probably limit the upward trend.

In the event of a broad crypto rally, Bitcoin could test the resistance at a level of $ 54,000 before retreating. The second major resistance line is $ 53,763.

A case of $ 48,551 would bring the first major support level at $ 47,598.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 46,500. The second major support level is $ 45,945.