The Crypto Daily - Movers and Shaker - September 1, 2021

Bitcoin, BTC to USD, rose by 0.33%on Tuesday. Bitcoin was able to reverse a decline of 3.68% from Monday and ended the month by 13.80% to $ 47,157.0

A mixed start to the day led to Bitcoin to an intraday low of $ 46,725.0 in the early morning before it made a movement.

In order to bypass the first major support level at $ 46,297, Bitcoin recovered to an intraday high in the early afternoon of USD 48,244.0

Bitcoin missed the first great resistance level of $ 48,319 and fell back to less than $ 47,000 before it was late.

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 Tuesday

crypto.com Coin fell 0.89 % against the trend of the day.

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

Polkadot increased by 20.10 % to take the lead again.

chainlink (+6.91%), Ethereum (+6.23%) and Ripple’s XRP (+7.82%) also found strong support.

Binance Coin (+0.91%). Bitcoin Cash SV (+1.11 %), Cardanos ADA (+1.29 %) and Litecoin (+2.50 %) were behind the leaders.

for the crypto majors it was a particularly bullish August.

Cardanos Ada rose by 109.76%to show the way.

Binance Coin (+39.52%), Ethereum (+35.38%), polkadot (+64.52%), and Ripple’s XRP (+58.96%) also found strong support.

Bitcoin Cash SV (+14.47 %), Chainlink (+17.76 %), Crypto.com Coin (+20.36 %) and Litecoin (+18.79 %) were behind the leaders.

At the beginning of the week, the overall crypto market fell on a Monday depth of USD 1,996 billion before rising on Tuesday to a high of USD $ 2,154. At the time of writing

The dominance of Bitcoin rose to a Monday high of 44.14 % before it fell on a Tuesday exit of 42.12 %. At the time of writing, Bitcoin's dominance was 42.49 %.

this morning

At the time of writing, Bitcoin fell by 0.06 % to $ 47,129.0. A mixed start to the day led to Bitcoin fell to a low in the early morning of $ 46,891.0 before it rose to a high of $ 47,359.0

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

Elsewhere it was a mixed start to the day.

Cardanos ada (-0.41%), Litecoin (-0.26%), and ripple’s XRP (-0.24%) Bitcoin joined.

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

At the time of writing, Polkadot had increased by 1.82% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 47,375 to bring the first major resistance level at $ 48,026.

So that Bitcoin can break through $ 48,000 again, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and the high of $ 48,244.0 from Tuesday would probably limit any upward trend.

In the event of an extensive crypto rally, Bitcoin could test the resistance at $ 50,000 before retreating. The second major resistance level is $ 48,894.

If the pivot of $ 47,375 is not broken, the first major level of support would come into play at $ 46,507.

Apart from another longer sale on this day, Bitcoin should stay away from less than $ 45,000. The second large level of support at $ 45,856 should limit the downward movement.