The Crypto Daily - Movers and Shakers - September 3, 2021

Bitcoin, BTC to USD, rose by 0.92%on Thursday. After an increase of 3.57% on Wednesday, Bitcoin ended the day at $ 49,273.7

A mixed start to the day led to Bitcoin to an intraday low of $ 48,631.0 in the early morning before it made a movement.

To avoid the first major support level at $ 47,229, Bitcoin recovered to an intraday high of $ 50,365.0 in the early afternoon.

Bitcoin broke the first great resistance level at $ 49,778 before it fell back to $ 49,200.

Later a day Bitcoin briefly visits the level of $ 49,850 before it subsides to end the day to a level below $ 49,300.

The first major level of resistance at $ 49,778 coupled Bitcoin back.

The short -term upward trend remained intact, supported by the recent return to a level of $ 50,000. 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 5.03%from coin (-1.28%), Bitcoin Cash SV (-0.52%) and Ethereum (-1.08%) also see red.

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

cardanos ada and crypto.com coin with growth of 3.11 % or 4.08 % leading.

Chainlink (+0.72%), Litecoin (+1.40%), and Ripple’s XRP (+1.35%) was behind the leaders.

In the current week, the overall crypto market fell to a Monday depth of USD 1,996 billion before increasing to a Thursday high of USD $ 2,285. At the time of the letter, the overall market capitalization was $ 2,216 billion.

The dominance of Bitcoin rose to a Monday high of 44.14 % before it fell on a Wednesday exit of 41.40 %. At the time of writing, Bitcoin's dominance was 41.85%.

this morning

At the time of writing, Bitcoin rose 0.11% to $ 49,326.0. A mixed start to the day led to Bitcoin fell to a low in the early morning of $ 49,212.7 before it rose to a high of $ 49,406.2

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

Elsewhere it was a mixed start to the day.

Binance Coin (-0.11%), Chainlink (-0.06%), Litecoin (-0.18%), and rippl’s XRP (-0.24%) saw red.

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

At the time of writing, Bitcoin Cash SV rose by 2.38% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 49,423 to bring the first major level of resistance at $ 50,216 and the 23.6% FIB of $ 50,473.

So that Bitcoin from the high from Thursday can break out at $ 50,365.0, support from the wider market would be required.

Apart from a broad crypto rally, the FIB would probably limit the 23.6% of the upward trend.

In the event of an extensive crypto rally, Bitcoin could test the resistance at $ 52,000 before retreating. The second large resistance line is $ 51.157.

If the pivot of $ 49,423 is not broken, the first major level of support would come into play at $ 48,482.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 48,000. The second major support level is $ 47,689.