The Crypto Daily - Movers and Shaker - September 4, 2021

Bitcoin, BTC to USD, rose by 1.48%on Friday. After a win of 0.92% on Thursday, Bitcoin ended the day at

A mixed start to the day led to Bitcoin to an intraday low of $ 48,332.0 in the early morning before it made a movement.

Bitcoin fell at $ 48,482 due to the first major support level before it rose from $ 51,142.0

in the early afternoon.

Bitcoin broke the first great resistance level at $ 50,216 and the 23.6% FIB of $ 50,473

However, Bitcoin fell

in the area of ​​the second major resistance level at $ 51,157 to end the day at less than $ 50,100.

The sweater led to Bitcoin fell back through the 23.6% FIB and the first major resistance level.

The short -term upward trend remained intact, supported by the recent return to a level of $ 51,000. 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

litecoin was leading and increased by 16.25%.

Bitcoin Cash SV (+6.26%), Crypto.com Coin (+4.78%), Ethereum (+4.01%) and polar cadot (+4.04%) also found relatively strong support.

Binance Coin (+1.03%), Cardanos ADA (+0.20%), Chainlink (+2.72%) and Ripple’s XRP (+2.91%), however, was behind the leaders.

In the current week, the overall crypto market fell to a Monday depth of USD 1,996 billion before increasing a Friday high of USD $ 2,333. At the time of the letter, the overall market capitalization was $ 2,266 billion.

The dominance of Bitcoin rose to a Monday high of 44.14 % before fell to a Friday exit of 41.13 %. At the time of writing, Bitcoin's dominance was 41.45 %.

this morning

At the time of writing, Bitcoin fell by 0.16% to $ 49,921.0. After a mixed start of the day, Bitcoin rose to a high in the early morning of $ 50.0 before it fell to a low of $ 49,877.0

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

Elsewhere it was a mixed start to the day.

ripple’s XRP opposed the early trend and rose by 0.16%.

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

At the time of writing, Crypto.com Coin had dropped by 1.73 % to lead the way down.

for the upcoming Bitcoin tag

Bitcoin would have to avoid the pivot of $ 49,825 in order to bring the first great resistance level at $ 51,318.

Bitcoin again from 23.6% FIB of $ 50,473 would be required to support the wider market.

Apart from a broad crypto rally, the first great resistance level and the Friday high of $ 51,142 would probably limit any upward trend.

In the event of an extensive crypto rally, Bitcoin could test the resistance at $ 53,000 before retreating. The second large resistance mark is $ 52,635.

A case by the pivot of $ 49,825 would bring the first major level of support at $ 48,508.

Apart from a longer sale on this day, Bitcoin should stay away from less than $ 48,000. The second large support level is $ 47,015.