The Crypto Daily - Movers and Shaker - August 18, 2021

Bitcoin, BTC to USD, fell by 2.70%on Tuesday. After a loss of 2.31% on Monday, Bitcoin ended the day at $ 44,695.0

After a bumpy start to the day, Bitcoin climbed to an intra-raday high in the late morning of $ 47,167.0 before it hit reverse gear.

Bitcoin missed the first great resistance level of $ 47,441 and slipped to a late intraday low of $ 44,441.0

Bitcoin fell at $ 45,061 due to the first major support level and ended the day at a level below $ 45,000.

The short -term upward trend remained intact, supported by the recent return to a level of $ 48,000. 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.

Cardanos Ada (-7.20 %), Chainlink (-6.45 %) and Ripple’s XRP (-7.41 %) led the way down.

Binance Coin (-3.40%), Bitcoin Cash SV (-5.28%), Crypto.com Coin (-2.10%), Ethereum (-4.31%) and Litecoin (-5.28%) also had problems.

Polkadot fell by 1.03%.

At the beginning of the week, the overall crypto market rose to a Monday high of $ 2,061 billion before fell to a low of USD 1,851 billion on Tuesday. At the time of the letter, the overall market capitalization was $ 1,885 billion.

The dominance of Bitcoin fell to a Tuesday low of 43.67 % before increasing a Tuesday high of 45.06 %. At the time of writing, Bitcoin's dominance was 44.65%.

this morning

At the time of writing, Bitcoin rose 0.28% to $ 44,822.0. After a mixed start into the day, Bitcoin climbed to a high in the early morning of $ 45,018.0 before it fell to a low of USD

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 against the trend early and slipped by 3.66%.

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

At the time of writing, Polkadot had risen by 3.36% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 45,434 to bring the first large resistance brand into play at $ 46,428.

So that Bitcoin can break through the level of $ 46,000 again, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and this would probably limit every upward trend from Tuesday at $ 47,167.

In the event of an extensive crypto rally, Bitcoin could test the resistance at $ 49,000 before retreating. The second large resistance mark is

If the pivot of $ 45,434 is not broken, the first major level of support would come into play at $ 43,702.

Apart from a longer sale on this day, Bitcoin should avoid the second major support level at $ 42,708.