Daily crypto forecast - the top crypto movements today - October 8, 2021

Bitcoin, BTC to USD, fell by 2.78%on Thursday. Bitcoin was able to reverse a rally of 7.45% from Wednesday and ended the day at 53,797.0

A mixed start to the day led to Bitcoin to an intraday high in the early morning of $ 55,349.0 before it hit the reverse gear.

Bitcoin was significantly below the first major resistance level of $ 57,239 and slipped to an intraday low of $ 53,429.0 in the early afternoon.

In order to bypass the first major support level at $ 51,934, Bitcoin again reached the level of $ 54,600 before ending the day at a level below $ 54,000.

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 Thursday.

crypto.com Coin and Ripple XRP fell by 0.66 % or 0.78 % and joined Bitcoin in the minus.

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

Bitcoin Cash SV jumped by 19.38 %, with Polkadot (+8.54 %) and Cardanos ADA (+3.11 %) also found strong support.

Binance Coin (+0.83%), Chainlink (+0.07%), Ethereum (+0.34%) and Litecoin (+0.06%) were behind the frontrunners.

In the current week, the overall crypto market fell to a Monday depth of $ 2,082 billion before increasing to a Wednesday high of USD $ 2.404. At the time of the letter, the overall market capitalization was The dominance of Bitcoin fell on a Monday depict of 42.06% before increasing a Wednesday high of 45.04%. At the time of writing, Bitcoin's dominance was 43.88%.

this morning

At the time of writing, Bitcoin rose 0.28% to $ 53,949.0. A mixed start of the day led to Bitcoin fell to a low in the early morning of $ 53,754.0 before it rose to a high of USD 53,987.0

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 (-0.65%), Crypto.com Coin (-0.10%) and Polkadot (-0.02%) opposed the early trend.

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

At the time of writing, Litecoin had risen by 0.71% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 54,192 to bring the first large resistance brand into play at $ 54,954.

So that Bitcoin can break out of the level of $ 54,500, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and the high of USD 55,349.0 from Thursday would probably limit the upward trend.

In the event of a broad crypto rally, Bitcoin could test the resistance of USD 57,000 before retreat. The second major resistance level is $ 56,112.

If the $ 54.192 is not broken, the first major level of support would come into play at $ 53,034.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 52,000. The second large level of support at 52,272 $ should limit the downward movement.