Daily crypto forecast - Movers and Shaker - October 9, 2021

Bitcoin, BTC to USD, rose by 0.28%on Friday. Bitcoin was able to reverse a decline of 2.78 % compared to Thursday and ended the day at $ 53,947.0

After a mixed start of the day, Bitcoin fell to an intra-bike low of $ 53,628.0 in the early morning before it made a movement.

In order to avoid the first major support level at $ 53,034, Bitcoin climbed to an intraday high in the late morning of $ 56.00.0

Bitcoin broke through the first large resistance brand at $ 54,954.

Coming in the range of the second great resistance level at $ 56,112, Bitcoin fell back and ended the day at a level of less than $ 54,000.

The short -term upward trend remained intact and supported the recent return to a level of $ 56,000. 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 Friday.

crypto.com Coin against the trend and increased by 3.03 %.

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

Binance Coin led down with a decline of 4.40%.

Bitcoin Cash SV (-2.65%), Cardanos ADA (-1.79%), Chainlink (-1.71%), Litecoin (-1.53%) and Polkadot (-2.14%).

Ethereum (-0.69 %) and Ripple’s XRP (-0.53 %), however, recorded relatively modest losses.

In the current week, the overall crypto market fell to a Monday depth of $ 2,082 billion before rising to a Friday high of USD $ 2,424. 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 43.94%.

this morning

At the time of writing, Bitcoin fell by 0.24% to $ 53,819.6. After a mixed start of the day, Bitcoin rose from $ 53,964.0 in the early morning before it fell to a low of USD 53,678.0

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

It was also a bearish start to the day elsewhere.

At the time of writing, Crypto.com Coin led down with a decline of 1.40%.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 54,525 to bring the first great resistance level at $ 55,422.

So that Bitcoin can break through the level of $ 55,000 again, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and the high of USD 56.00 from Friday would probably limit the upward trend.

In the event of a broad crypto rally, Bitcoin could test the resistance at a level of $ 58,000 before retreating. The second great resistance level is $ 56,896.

If the $ 54,525 are not broken, the first major level of support at $ 53,051 would come into play.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 52,000. The second large level of support at 52,154 $ the downward movement should limit.