The Crypto Daily - Movers and Shaker - August 29, 2021

Bitcoin, BTC to USD, slipped by 0.34% on Saturday. After a rally of 4.79% on Friday, Bitcoin ended the day at $ 48,914.0

A chopped-up start to the day led to Bitcoin to an intra-raday high in the early morning of $ 49,310.0 before it hit reverse gear.

Bitcoin missed the first great resistance level of $ 50,038 and slipped to an intraday low in the early afternoon of $ 48,385.9

Bitcoin was able to leave the first major level of support at $ 47,242 and reached the level of $ 49,200 again before it fell into the red.

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 all other majors it was a mixed day on Saturday.

Bitcoin Cash SV (+0.39%) and Crypto.com Coin (+1.33%) against the trend of the day.

for the other majors, however, it was a bearish day.

ripple’s XRP and Cardanos Ada fell by 3.88 % or 3.30 % to lead the way down.

Binance Coin (-1.67%), Chainlink (-1.23%), Ethereum (-0.83%), Litecoin (-0.35%) and polkadot (-1.89%) also had problems.

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 rose to a Thursday high of 44.98% before it fell to a Saturday low of 43.55%. At the time of writing, Bitcoin's dominance was 43.92%.

this morning

At the time of writing, Bitcoin fell by 0.06% to $ 48,887.0. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 48,958.0 before it fell to a low of $ 48,879.0

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

Elsewhere it was a mixed start to the day.

Binance Coin (-0.06%) and Litecoin (-0.16%) Bitcoin joined in the red.

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

At the time of writing, Bitcoin Cash SV rose by 2.93% to take the lead.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 48,870 in order to bring the first great resistance level at $ 49,354.

So that Bitcoin can break through $ 49,300 again, support from the wider market would be required.

Apart from a broad crypto rally, the first great level of resistance would probably limit every upward trend at $ 49,311.

In the event of an extensive crypto rally, Bitcoin could test the resistance at $ 50,000 before retreating. The second major resistance line is $ 49,794.

A case by the pivot of $ 48,870 would bring the first major level of support at $ 48,430.

Apart from another longer sale on this day, Bitcoin should stay away from less than $ 47,500. The second major support level at $ 47,946 should limit the downward movement.