The Crypto Daily - Movers and Shakers - August 23, 2021
The Crypto Daily - Movers and Shakers - August 23, 2021
Bitcoin, BTC to USD, rose by 0.88%on Sunday. Bitcoin turned a decline of 1.01% on Saturday and ended the week with an increase of 4.77% to
After a tensioned start to the day, Bitcoin rose to a late morning high of $ 49,469.0 before it hit reverse gear.
Bitcoin missed the first great resistance level of $ 49,677 and fell on an intraday low in the afternoon of $ 48,086.0
Bitcoin fell on an intraday high at $ 49,488.0.
Bitcoin continued to miss the first major resistance level and weakened again to end the day to less than $ 49,300.
The short -term upward trend remained intact, supported by the recent return to a level of $ 49,000. 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
With the other majors it was a mixed day on Sunday.
Binance Coin (-0.04%), Bitcoin Cash SV (-0.52%), Crypto.com Coin (-0.01%) and polkadot (-1.45%) saw red on that day.
for the rest of the majors it was a bullish day.
Cardanos Ada increased by 11.10% to take the lead.
Chainlink (+0.51%), Ethereum (+0.47%), Litecoin (+3.48%) and Ripple’s XRP (+0.91%) also found support.
for the week to 22
Cardanos Ada jumped by 24.87% to take the lead, whereby Polkadot added 14.06%.
Binance Coin (+8.32%), Chainlink (+0.47%) and Crypto.com Coin (+3.19%) also followed Bitcoin in the green area.
For the other majors, however, it was a declining week.
Bitcoin cash (-2.06 %), Ethereum (-2.10 %), Litecoin (-0.65 %) and Ripple’s XRP (-4.55 %) ended the week in the minus.
a week the overall crypto market fell to a Wednesday low of USD 1,832 billion before increasing a Saturday high of USD $ 2,124. At the time of the letter, the overall market capitalization was $ 2,082 billion.
The dominance of Bitcoin fell to a Tuesday low of 43.67 % before increasing to a Wednesday high of 45.35 %. At the time of writing, Bitcoin's dominance was 44.56%.
this morning
At the time of writing, Bitcoin rose 0.09 % to $ 49,310.0. A mixed start to the day led to Bitcoin fell to a low in the early morning of $ 49,246.2 before it rose to a high of $ 49,439.9
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 Coin had increased by 1.33% to take the lead.
for the upcoming Bitcoin tag
Bitcoin would have to avoid the pivot of $ 48,947 in order to bring the first great resistance level at $ 49,807.
So that Bitcoin can break through $ 49,500 again, support from the wider market would be required.
Apart from a broad crypto rally, the first great level of resistance and the resistance at $ 50,000 would probably limit any upward trend.
In the case of an extensive crypto rally, Bitcoin could test the resistance at 23.6% FIB of $ 50,473 before a pullback occurs. The second large resistance mark is $ 50,349.
A case by the pivot of $ 48,947 would bring the first major level of support at $ 48,405.
Apart from a longer sale on this day, Bitcoin should stay away from less than $ 47,000. The second large support level of $ 47,545 should limit the downward movement.