The Crypto Daily - Movers and Shaker - August 27, 2021

Bitcoin, BTC to USD, slipped by 4.39 % on Thursday. Bitcoin turned an increase of 2.76 % compared to Wednesday and ended the day at $ 46,840.0

A mixed start to the day led to Bitcoin to an intraday high in the early morning of $ 49,385.0 before it hit reverse gear.

Bitcoin missed the first great resistance level of $ 49,784 and fell for an intraday low of $ 46,310.0

The first major support level fell

Bitcoin at $ 47,672 and the second major support level at $ 46,352

Bitcoin found late support and broke the second great support level to reach the level of $ 47,000 again before it decreased again.

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

For the rest of the majors it was a bearish day on Thursday.

Cardanos ada (-7.71%), chainlink (-8.30%) and rippleder XRP of -8.62%led the way down.

Binance Coin (-5.04 %), Bitcoin Cash SV (-4.05 %), Ethereum (-4.19 %) and Litecoin (-5.70 %) also had problems.

crypto.com Coin (-3.05 %) and polar cadot (-3.77 %), however, recorded relatively modest losses.

In the current week, the overall crypto market rose to a Monday high of USD $ 2,169 before fell to a Thursday exit of USD 1,933 billion. At the time of the letter, the overall market capitalization was $ 1,982 billion.

The dominance of Bitcoin fell to a Tuesday low of 43.64 % before increasing to a Thursday high of 44.98 %. At the time of writing, Bitcoin's dominance was 44.64%.

this morning

At the time of writing, Bitcoin rose 0.65% to $ 47,144.0. A mixed start to the day led to Bitcoin fell to a low in the early morning of $ 46,363.0 before it rose to a high of $ 47,646.0

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

Elsewhere it was a mixed start to the day.

chainlink and crypto.com Coin opposed the early trend and fell by 0.20 % or 0.25 %.

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

At the time of writing, Polkadot had increased by 1.78% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to move through the pivot of $ 47,512 to bring the first great resistance level at $ 48,713.

So that Bitcoin can break out of the level of $ 48,500, support from the wider market would be required.

Apart from a broad crypto rally, the first great level of resistance and the resistance at $ 49,000 would probably limit any upward trend.

In the case of an extensive crypto rally, Bitcoin could test the resistance at 23.6% FIB of $ 50,473 before a pullback occurs. The second major resistance level is $ 50,587.

If you would not move through the pivot of $ 47,512, the first major level of support would come into play at $ 45,638.

Apart from another longer sale on this day, Bitcoin should stay away from less than $ 45,000. The second major support level is $ 44,437.