The Crypto Daily - Movers and Shakers - September 8, 2021

Bitcoin, BTC to USD, slipped by 11.06 % on Tuesday. Bitcoin turned an increase of 1.73 % compared to Monday and ended the day at $ 46,849.0

A mixed start to the day led to Bitcoin to an intraday high in the early morning of $ 52,888.0 before it hit reverse gear.

Bitcoin missed the first large level of resistance of $ 53,262 and fell to an intraday low of $ 43,220.0 in the afternoon.

Bitcoin fell due to the most important level of support of the day and also through the 23.6% FIB of $ 50,473.

Bitcoin found late support and briefly visited the level of $ 47,000 before it subsided again.

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

For the rest of the majors it was a bearish day on Tuesday

ripple’s XRP broke up by 19.26% to point out the way down.

Bitcoin Cash SV (-18.26 %), Chainlink (-18.90 %) and Litecoin (-18.73 %) were not far behind.

Binance Coin (-15.66 %), Cardanos Ada (-11.31 %), Crypto.com Coin (-15.80 %), Ethereum (-12.52 %) and Polkadot (-8.63 %) were also red.

At the beginning of the week, the overall crypto market rose to a Tuesday high of $ 2,437 billion before falling on a Tuesday exit of $ 1,835 billion. At the time of the letter, the overall market capitalization was $ 2,087 billion.

The dominance of Bitcoin fell to a Tuesday low of 40.85% before it rose to a Tuesday high of 43.65%. At the time of writing, Bitcoin's dominance was 42.09%.

this morning

At the time of writing, Bitcoin fell by 0.46% to $ 46,633.0. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 46,968.0 before it fell

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 opposed the early trend and rose by 1.02%.

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

At the time of writing, Bitcoin Cash SV had dropped by 2.20% to lead the way down.

for the upcoming Bitcoin tag

Bitcoin would have to move the pivot of $ 47,652 in order to bring the first major resistance level at $ 52,085.

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

Without a broad crypto rally, the FIB of 23.6% Bitcoin would probably leave behind the first major resistance level.

In the event of a broad crypto rebound, Bitcoin could test the resistance of $ 55,000 before retreating. The second major resistance level is $ 57,320.

If the pivot of $ 47,652 is not broken, the first major level of support would come into play at $ 42,417.

Apart from another longer sale on this day, Bitcoin should stay away from the 38.2% FIB of $ 41,592. The second major support level is $ 37,984.