The Crypto Daily - Movers and Shakers - September 5, 2021

Bitcoin, BTC to USD, fell by 0.20%on Saturday. After an increase of 1.48% on Friday, Bitcoin ended the day at $ 49,899.0

After a mixed start to the day, Bitcoin climbed to an intra-raday high in the late morning of $ 50,544 before it hit reverse gear.

While Bitcoin missed the first major resistance level of $ 51,318, it broke the 23.6% FIB of $ 50,473

However, the reversal led to Bitcoin fell to an intraday low of $ 49,401.0 in the late afternoon.

To bypass the first major support level at $ 48,501, Bitcoin again reached the level of $ 50,200 before it fell into the red.

The short -term upward trend remained intact, supported by the recent return to a level of $ 51,000. 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 Saturday

Bitcoin Cash SV (+3.75 %), Binance Coin (+1.86 %) and Crypto.com Coin (+1.03 %) against the trend of the day.

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

Cardanos Ada slipped by 4.53 % to lead the way down.

chainlink (-2.89%), polkadot (-3.38%) and ripple’s XRP (-2.65%) also had problems.

Ethereum (-1.33%) and Litecoin (-0.55%), however, recorded relatively modest losses on this day.

In the current week, the overall crypto market fell to a Monday depth of USD 1,996 billion before increasing to a Saturday high of USD $ 2,334. At the time of the letter, the overall market capitalization was $ 2,266 billion.

The dominance of Bitcoin rose to a Monday high of 44.14 % before fell to a Saturday depth of 40.74 %. At the time of writing, Bitcoin's dominance was 41.36 %.

this morning

At the time of writing, Bitcoin fell by 0.15% to $ 49,822.0. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 49,956.0 before it fell to a low of $ 49,819.0

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 rose by 0.16%, whereby Bitcoin Cash SV remained unchanged to oppose the early trend.

For the other majors, however, it was a declining start.

at the time of writing, Ripple’s XRP decreased by 0.93% to point the way down.

for the upcoming Bitcoin tag

Bitcoin would have to move back through the pivot of $ 49,948 in order to bring the first major resistance level at $ 50.495.

So that Bitcoin can break the 23.6% FIB of $ 50,473, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and the high of USD 50.544.0 from Saturday would probably limit any upward trend.

In the event of an extensive crypto rally, Bitcoin could test the resistance at $ 52,000 before retreating. The second major resistance line is $ 51,091.

A failure of the return from the pivot of $ 49,948 would bring the first major support level at $ 49,352.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 48,000. The second large level of support at $ 48,805 should limit the downward movement.