Daily crypto forecast - Movers and Shaker - October 1, 2021

Bitcoin, BTC to USD, rose by 5.52%on Thursday. After an increase of 1.18% on Wednesday, Bitcoin ended the month with a minus of 7.06% to A mixed start to the day led to Bitcoin to an intraday low of $ 41,432.0 in the early morning before it made a movement.

While Bitcoin was the first major support level at $ 40,687, it fell due to the 38.2%fib of $ 41,592

Bitcoin found support at an early stage and recovered to an intraday high in the late afternoon of $ 44,122.0

In the rally Bitcoin broke the first great level of resistance at $ 42,489 and the second great resistance level at $ 43,449

Bitcoin also broke the 38.2% FIB of $ 41,592 and ended the day at a level of $ 43,800.

The short -term upward trend remained an intact, despite the recent return to a level below $ 40,000. 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.

Polkadot slipped by 0.56% to counteract the trend.

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

Binance Coin (+5.39%). Chainlink (+4.84%), Ethereum (+5.29%) and Litecoin (+5.90%) led the way.

Bitcoin Cash SV (+2.02%), Cardanos ADA (+2.43%), Crypto.com Coin (+3.58%) and Ripple’s XRP (+2.97%), however, was behind the leaders.

In the current week, the overall crypto market rose to a Monday high of USD $ 2,014 billion before slipping on a Wednesday. At the time of the letter, the overall market capitalization was $ 1,954 billion.

The dominance of Bitcoin rose to a Tuesday high of 42.56% before it fell to a Thursday low of 41.42%. At the time of writing, Bitcoin's dominance was 42.38%.

also for the majors, September was a mixed month.

crypto.com Coin against the trend and rose by 0.52 %.

For the rest of the pack, however, it was a declining month.

Bitcoin Cash SV (-20.69%), Cardanos Ada (-23.62%) and Ripple’s XRP (-19.64%) led the way down.

chainlink (-10.32 %), Binance Coin (-16.53 %), Ethereum (-12.53 %) and Litecoin (-10.65 %) also fought.

Polkadot, however, recorded a modest loss of 1.88%.

this morning

At the time of writing, Bitcoin rose 0.35% to $ 43,985.0. A bullish start to the day led to Bitcoin from an early morning low of $ 43,822.2 to a high of $ 43,999.0

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

Elsewhere it was a bullish start to the day.

At the time of writing, Crypto.com had increased by 2.57% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 43,128 in order to bring the first great resistance level at $ 44,824.

So that Bitcoin from the high on Thursday can break out at $ 44,122.0, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and the resistance of $ 45,000 would probably limit the upward trend.

In the event of a broad crypto rally, Bitcoin could test the resistance at $ 47,000 before retreating. The second major resistance level is $ 45,818.

A case below the $ 43,128 mark would bring the first major support level at $ 42,134.

Apart from another longer sale on this day, Bitcoin should avoid the second major level of support at $ 40,438. The 38.2% FIB of $ 41,592 should limit the downward movement.