Daily crypto forecast - the top crypto movements today - October 7, 2021

Bitcoin, BTC to USD, rose by 7.45%on Wednesday. After a profit of 4.58% on Tuesday, Bitcoin ended the day at 55,335.0

A mixed start to the day led to Bitcoin to an intraday low of $ 50,438.0 in the late morning before making a movement.

While Bitcoin did not achieve the first large support level of $ 49,741, it fell through the 23.6% FIB of $ 50,473

When Bitcoin found support in the late morning, Bitcoin recovered to a late intraday high of 55,743.0

Bitcoin broke the first great resistance level at $ 52,298 and the second great resistance level at $ 53,689

The outbreak also led to Bitcoin broke the 23.6% FIB of $ 50,473 and ended the day at a level of $ 55,000.

The short -term upward trend remained intact and supported the recent return to a level of $ 55,000. 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 Wednesday.

Polkadot slid by 4.57 % and led the way down.

Binance Coin (-1.70 %), Cardanos Ada (-1.07 %), Chainlink (-1.47 %) and Ripple’s XRP (-0.38 %) also saw red on that day.

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

crypto.com Coin increased by 5.46% to take the lead.

also Bitcoin Cash SV (+1.33 %), Ethereum (+1.64 %) and Litecoin (+2.70 %) were supported.

In the current week, the overall crypto market fell to a Monday depth of $ 2,082 billion before increasing a Wednesday high of USD $ 2,402. At the time of the letter, the overall market capitalization was $ 2,293 billion.

The dominance of Bitcoin fell on a Monday depth of 42.06% before increasing a Wednesday high of 45.08%. At the time of writing, Bitcoin's dominance was 45.09%.

this morning

At the time of writing, Bitcoin fell by 0.84% ​​to $ 54,868.0. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 55,349.0 before it fell to a low of USD 54,814.0

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, Bitcoin Cash SV had dropped by 1.82% to point out the way down.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 53,839 in order to bring the first major resistance level at $ 57,239.

So that Bitcoin can break out of the level of $ 56,500, 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 $ 60,000 before retreat. The second great resistance level is $ 59,144.

A case of $ 53,839 would bring the first major support level at $ 51,934.

Apart from a longer sale on this day, Bitcoin should stay away from USD $ 48,534. The 23.6% FIB of $ 50,473 should limit the downward movement.