The Crypto Daily - Movers and Shaker - August 21, 2021

Bitcoin, BTC to USD, rose by 5.48%on Friday. After a profit of 4.57% on Thursday, Bitcoin ended the day at $ 49,330.5

On a mixed morning, Bitcoin fell on an intra-raday low of $ 46,647.0 in the early morning before it was supported.

In order to bypass the first major support level at $ 44,818, Bitcoin recovered to a late intraday high of $ 49,400.

Bitcoin broke through the first great resistance level at $ 47,887 and the second great resistance level at $ 49.008

A later sweater led to Bitcoin briefly falling back through the second great resistance level before it ended the day at a level below $ 49,300.

The short -term upward trend remained intact, supported by the recent return to a level of $ 49,000. 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 bullish day on Friday.

Bitcoin Cash SV (+7.60 %) and Crypto.com Coin increased by 7.60 % or 7.44 % to take the lead.

Binance Coin (+5.51%) and Chainlink (+6.05%) also found strong support.

Cardanos ada (+0.58%), Ethereum (+3.21%), Litecoin (+4.61%), polar cadot (+0.47%), and rippl’s XRP (+2.39%), however, was behind the leaders.

In the current week, the overall crypto market fell to a Wednesday low of USD 1,832 billion before increasing a Friday high of USD $ 2,110 billion. At the time of the letter, the overall market capitalization was $ 2,068 billion.

The dominance of Bitcoin fell to a Tuesday low of 43.67 % before increasing to a Wednesday high of 45.35 %. At the time of writing, Bitcoin's dominance was 44.67%.

this morning

At the time of writing, Bitcoin fell by 0.35% to $ 49,157.8. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 49,374.0 before it fell to a low of $ 4,157.8

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

Elsewhere it was a bearish start to the day.

at the time of writing, Rippleder XRP from went back by 0.92% to point out the way down.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 48,459 in order to bring the first major level of resistance at $ 50,271 and the 23.6% FIB of $ 50,473.

So that Bitcoin from the high on Friday can break out at $ 49,400.0, support from the wider market would be required.

Apart from a broad crypto rally, the first great resistance level and the resistance at 23.6% FIB would probably limit any upward trend.

In the event of an extensive crypto rally, Bitcoin could test the resistance at a level of $ 53,000 before retreat. The second large resistance line is $ 51,212.

A case by the pivot of $ 48,459 would bring the first major level of support at $ 47,518.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 46,000. The second large support level is $ 45,706.