Daily crypto forecast - the top crypto movements today - October 6, 2021

Bitcoin, BTC to USD, rose by 4.58%on Tuesday. After a win of 2.10% on Monday, Bitcoin ended the day at 51,508.0

A mixed start to the day led to Bitcoin to an intraday low of $ 49,065.0 in the early morning before it made a movement.

In order to bypass the first major support level at $ 47,598, Bitcoin recovered to a late intraday high of USD 51,922.0

Bitcoin broke the first great resistance level at $ 50,204 and the second great resistance level at $ 51,167

The outbreak also led to Bitcoin broke the 23.6% FIB of $ 50,473 and ended the day at $ 51,500.

The short -term upward trend remained intact and supported the recent return to a level of $ 51,000. 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 Tuesday.

Polkadot slipped by 3.60 % to counteract the trend of the day.

For the rest of the pack, however, it was a bullish day.

Binance Coin (+3.73%), Ethereum (+3.79%), Litecoin (+3.71%) and Ripple’s XRP (+3.95%) was a leader.

Bitcoin Cash SV (+2.76 %), Cardanos ADA (+1.91 %), Chainlink (+2.43 %) and Crypto.com Coin, (+1.77 %), however, followed the leaders.

At the beginning of the week, the overall crypto market fell to a Monday depth of $ 2,082 billion before rising on Tuesday to a high of $ 2,293 billion. At the time of the letter, the overall market capitalization was $ 2,235 billion.

The dominance of Bitcoin fell on a Monday depth of 42.06% before increasing to a Tuesday high of 43.50%. At the time of writing, Bitcoin's dominance was 43.32 %.

this morning

At the time of writing, Bitcoin fell by 0.17 % to $ 51,423.0. After a mixed start into the day, Bitcoin climbed up to a high morning of $ 51,520.0 before it fell to a low of USD 51,235.0.

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

Elsewhere it was a mixed start to the day.

Cardanos ada (-0.09 %), polar cadot (-0.11 %) and Ripple’s XRP (-0.21 %) Bitcoin joined in the red.

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

At the time of writing, Crypto.com Coin had increased by 1.11 % to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 50,832 in order to bring the first great resistance level at $ 52,598.

So that Bitcoin can break through a level of $ 52,000 again, support from the wider market would be required.

Apart from a broad crypto rally, the first major level of resistance would probably limit the upward trend.

In the event of a broad crypto rally, Bitcoin could test the resistance at a level of $ 55,000 before retreat. The second large line of resistance is $ 53,689.

A case of $ 50,832 would bring the 23.6% FIB of $ 50,473 and the first major support level at $ 49,741.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 49,000. The second major support level is $ 47,975.