The Crypto Daily - Movers and Shakers - September 11, 2021

Bitcoin, BTC to USD, fell by 3.33%on Friday. Bitcoin turned a profit of 0.73% compared to Thursday and ended the day at $ 44,852.0

A mixed start to the day led to Bitcoin to an intraday high in the early morning of $ 47,044.0 before it hit reverse gear.

Bitcoin missed the first major resistance level of $ 47,343 and slipped to a late intraday low of

The first major level of support fell

Bitcoin at $ 45,491 and the second major support level at $ 44,592

When Bitcoin found a late support, it broke through the second great level of support and ended the day at $ 44,800

The short -term upward trend remained intact despite the recent return to a level of $ 43,000. 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

Polkadot rose by 1.17%to counteract the trend of the day.

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

Ethereum slipped by 6.26% to lead the way down.

Binance Coin (-4.70%), Bitcoin Cash SV (-4.08%), Cardanos Ada (-5.29%), Chainlink (-5.70%) and Crypto.com Coin (-4.92%) were not far behind.

litecoin (-3.49 %) and Ripple’s XRP (-3.09 %) also had problems.

In the current week, the overall crypto market rose to a Tuesday high of USD $ 2,438 before it broke into a Tuesday kick of USD 1,835 billion. At the time of the letter, the overall market capitalization was $ 2,070 billion.

The dominance of Bitcoin rose to a Tuesday high of 43.64 % before fell to a Friday low of 39.92 %. At the time of writing, Bitcoin's dominance was 41.04%.

this morning

At the time of writing, Bitcoin rose 0.62% to $ 45,132.0. A mixed start to the day led to Bitcoin fell to a low in the early morning of $ 44,750.0 before it rose to a high of $ 45,169.0

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

Elsewhere it was a mixed start to the day.

crypto.com Coin and Polkadot opposed the early trend with losses of 1.41 % or 0.88 %.

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

At the time of writing, Ethereum rose by 1.00% to show the way.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 45,350 to bring the first large resistance brand into play at $ 46,546.

So that Bitcoin can break through the level of $ 46,000 again, support from the wider market would be required.

Apart from a broad crypto rally, the first major level of resistance and the Friday high of $ 47,044.0 would probably limit the upward trend.

In the event of a broad crypto rally, Bitcoin could test the resistance at $ 50,000 before retreating. The second large resistance mark is $ 48,239.

If the pivot of $ 45,350 is not broken, the first major level of support would come into play at $ 43,657.

Apart from another longer sale on this day, Bitcoin should stay away from the 38.2% FIB of $ 41,592. The second large level of support at $ 42,461 should limit the downward movement.