The Crypto Daily - Movers and Shaker - August 28, 2021

Bitcoin, BTC to USD, recovered by 4.79%on Friday. Bitcoin turned a decline of 4.39% from Thursday and ended the day at $ 49,079.0

A mixed start to the day led to Bitcoin to an intraday low of $ 46,363.0 in the early morning before it made a movement.

To avoid the first major support level at $ 45,638, Bitcoin recovered to a late intraday high of

Bitcoin broke through the first large resistance brand at $ 48,713 and ended the day at $ 49,000

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 bullish day on Thursday.

Cardanos Ada jumped by 16.48%to take the lead, Ripple’s XRP increases by 11.15%.

Bitcoin Cash SV (+4.79%), Chainlink (+6.82%), Ethereum (+5.88%), Litecoin (+5.13%) and Polkadot (+5.95%) were also strong support.

Binance Coin (+3.46%) and Crypto.com Coin (+2.22%) and remained behind the leaders.

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

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 44.12 %.

this morning

At the time of writing, Bitcoin fell by 0.30% to $ 48,932.0. After a mixed start of the day, Bitcoin rose to a high morning of $ 49,227.0 before it fell to a low of $ 48,936.5

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

Elsewhere it was a mixed start to the day.

Bitcoin Cash SV (+1.55 %) and Crypto.com Coin (+1.82 %) against the early trend.

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

At the time of writing, Cardanos Ada had dropped by 2.19 % to lead the way down.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 48,200 in order to bring the first great resistance level at $ 50,038.

So that Bitcoin can break out of the $ 49,500 brand, support from the wider market would be required.

Apart from a broad crypto rally, the first great level of resistance and the resistance at $ 50,000 would probably limit any upward trend.

In the event of an extensive crypto rally, Bitcoin could test the second great resistance level at $ 50,996. However, Bitcoin would need a lot of support to break out of the 23.6% FIB of $ 50,473.

A case by the Pivot of $ 48,200 would bring the first major level of support at $ 47,242.

Apart from another longer sale on this day, Bitcoin should stay away from less than $ 46,000. The second major support level is $ 45,404.