The Crypto Daily – Movers and Shakers

[MrSpasybo]

January 31st, 2021
It’s a mixed start to the day for the crypto majors. A Bitcoin move through to $35,000 would support the broader market.

Bitcoin, BTC to USD, rose by 0.17% on Saturday. Following on from a 2.63% gain on Friday, Bitcoin ended the day at $34,341.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,929.0 before hitting reverse.

Falling short of the first major resistance level at $37,980, Bitcoin fell to an early morning intraday low $32,827.0.

While steering clear of the first major support level at $31,256, Bitcoin fell through the 23.6% FIB of $33,008.

Finding support through the rest of the day, Bitcoin broke back through the 23.6% FIB to revisit $34,800 levels before easing back.

The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.

Crypto.com Coin (-6.77%), Litecoin (-0.94%), and Polkadot (-1.59%) saw red to buck the trend.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP surged by 56.84% to lead the day.

Binance Coin  (+4.64%), Cardano’s ADA (+4.95%), and Chainlink (+3.91%) also found strong support.

Bitcoin Cash SV (+0.57%) trailed the front runners, with Ethereum ending the day flat.

In the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $1,005.74bn.

Bitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 63.40%.

This Morning
At the time of writing, Bitcoin was down by 0.24% to $34,260.0. A mixed start to the day saw Bitcoin rise to an early morning high $34,407.0 before falling to a low $34,091.0

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.18%), Bitcoin Cash SV (+0.57%), Chainlink (+0.84%), and Polkadot (+0.23%) found early support.

It was a bearish start for the rest of the majors, however.

At the time of writing, Ripple’s XRP was down by 2.70% to lead the way down.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $34,032 to bring the first major resistance level at $35,238 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $34,929.0.

Barring an extended crypto rally, the first major resistance level and resistance at $35,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,134.

Failure to avoid a fall through the $34,032 pivot would bring the first major support level at $33,136 and the 23.6% FIB of $33,008 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$32,000 levels. The second major support level sits at $31,930.

[MrSpasybo]

February 1st, 2021
It’s a bearish start to the day for the majors. A Bitcoin move back through to $33,000 should support the pack.

Bitcoin, BTC to USD, fell by 3.48% on Saturday. Reversing a 0.17% gain from Saturday, Bitcoin ended the week up by 2.51% to $33,138.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,407.0 before hitting reverse.

Falling short of the first major resistance level at $35,238 Bitcoin fell to a late afternoon intraday low $32,228.0.

Bitcoin fell through the first major support level at $33.136 and the 23.6% FIB of $33,008.

Finding late afternoon support, Bitcoin broke back through the 23.6% FIB and first major support level to end the day at $33,138.0.

The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.

Ripple’s XRP rallied by 11.56% to lead the way, with Polkadot rising by 0.95% to also buck the trend.

It was a bearish day for the rest of the majors, however.

Crypto.com Coin slid by 6.35% to lead the way down.

Cardano’s ADA (-5.44%), Chainlink (-4.45%), and Ethereum (-4.79%) also saw relatively heavy losses.

Binance Coin  (-1.00%), Bitcoin Cash SV (-0.55%), and Litecoin (-2.96%) saw relatively modest losses on the day.

It was also a mixed week for the crypto majors.

Ripple’s XRP surged by 81.2% to lead the way.

Binance Coin (+6.02%) also joined Bitcoin in the green.

It was a bearish week for the rest of the majors, however.

Crypto.com Coin and Polkadot slid by 14.74% and by 12.59% respectively to lead the way down.

Chainlink (-8.91%), Ethereum (-5.75%), and Litecoin (-8.21%) also struggled.

Bitcoin Cash SV (-1.33%) and Cardano’s ADA (-2.51%) saw relatively modest losses, however.

In the week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $959.01bn.

Bitcoin’s dominance rose to a Friday high 65.93% before falling to a Sunday low 62.40%. At the time of writing, Bitcoin’s dominance stood at 63.19%.

This Morning
At the time of writing, Bitcoin was down by 1.71% to $32,570.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,125.0 before falling to a low $32,333.0

While leaving the major support and resistance levels untested, Bitcoin fell through the 23.6% FIB of $33,008.

Elsewhere, it was a bearish start to the day.

At the time of writing, Ripple’s XRP was down by 4.47% to lead the way down.

For the Bitcoin Day Ahead
Bitcoin would need to move through the 23.6% FIB of $33,008 and the pivot level at $33,258 to bring the first major resistance level at $34,287 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $34,407.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $35,437.

Failure to move through the 23.6% FIB and the $33,258 pivot would bring the first major support level at $32,108 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$31,000 levels. The second major support level at $31,079 should limit the downside.

[MrSpasybo]

February 3rd, 2021
It’s a mixed start to the day for the majors. A Bitcoin move through to $37,000 levels would support a breakout day for the pack.

Bitcoin, BTC to USD, rallied by 5.98% on Tuesday. Following on from a 1.35% gain on Monday, Bitcoin ended the day at $35,577.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $33,500.0 before making a move.

Steering clear of the 23.6% FIB of $33,008 and the first major support level at $32,364, Bitcoin rallied to a late intraday high $36,054.0.

Bitcoin broke through the first major resistance level at $34,738 and the second major resistance level at $35,909.

A late pullback, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$35,600 levels.

The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Tuesday.

Binance Coin (-0.78%) and Polkadot (-1.27%) saw red to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Ethereum jumped by 10.12% to lead the way, with Litecoin rallying by 7.65%.

Bitcoin Cash SV (+3.13%), Cardano’s ADA (+4.11%), Chainlink (+3.49%), and Crypto.com Coin (+4.01%) also found strong support.

Ripple’s XRP (+0.34%) trailed the front runners, however.

At the start of the week, the crypto total market cap fell to a Monday low $939.07bn before rising to a Tuesday high $1,080.74bn. At the time of writing, the total market cap stood at $1,066.34bn.

Bitcoin’s dominance fell to a Monday low 61.48% before rising to a Monday high 64.10%. At the time of writing, Bitcoin’s dominance stood at 63.12%.

This Morning
At the time of writing, Bitcoin was up by 1.73% to $36,192.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,485.0 before rising to a high $36,305.1

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day for the broader market.

Cardano’s ADA (-0.44%), Chainlink (-0.14%), and Polkadot (-1.23%) saw red early on to buck the trend.

It was a bullish start for the rest of the majors, however.

At the time of writing, Litecoin was up by 5.25% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $35,044 to bring the first major resistance level at $36,587 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s high $36,305.1.

Barring an extended crypto rally, the first major resistance level and resistance at $37,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $38,000 before any pullback. The second major resistance level sits at $37,598.

Failure to avoid a fall through the $35,044 pivot would bring the first major support level at $34,033 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$34,000 levels and the 23.6% FIB of $33,008. The second major support level sits at $32,490.

[MrSpasybo]

February 5th, 2021
It’s a bullish start to the day for the majors. A Bitcoin move through to $38,000 would bring $40,000 levels back into play.

Bitcoin, BTC to USD, fell by 1.90% on Thursday. Partially reversing a 5.88% rally from Wednesday, Bitcoin ended the day at $36,951.5.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $38,750.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $38,406 before sliding to a mid-afternoon intraday low $36,222.0.

Finding support at the first major support level at $36,200, Bitcoin revisited $37,800 levels before sliding back into the red.

The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Thursday.

Ripple’s XRP jumped by 12.12% to lead the way, with Binance Coin rallying by 7.32%.

It was a bearish day for the rest of the majors, however.

Litecoin slid by 7.06% to lead the way down.

Bitcoin Cash SV (-3.80%), Chainlink (-2.26%), Crypto.com Coin (-4.77%) Ethereum (-4.26%), and Polkadot (-3.83%) also struggled.

Cardano’s ADA saw a relatively modest 0.67% loss on the day.

In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Thursday high $1,175.84bn. At the time of writing, the total market cap stood at $1,118.40bn.

Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Thursday low 61.36%. At the time of writing, Bitcoin’s dominance stood at 61.94%.

This Morning
At the time of writing, Bitcoin was up by 0.54% to $37,150.0. A mixed start to the day saw Bitcoin fall to an early morning low $36,791.0 before rising to a high $37,234.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day for the majors.

At the time of writing, Cardano’s ADA was up by 3.45% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to move through the pivot level at $37,308 to bring the first major resistance level at $38,394 into play.

Support from the broader market would be needed for Bitcoin to break back through to $38,000 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $38,750.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test he second major resistance level at $39,836 and a Thursday resistance at $40,000.

Failure to move through the $37,308 pivot would bring the first major support level at $35,866 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,780.

[MrSpasybo]

February 5th, 2021
It’s a bullish start to the day for the majors. A Bitcoin move through to $38,000 would bring $40,000 levels back into play.

Bitcoin, BTC to USD, fell by 1.90% on Thursday. Partially reversing a 5.88% rally from Wednesday, Bitcoin ended the day at $36,951.5.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $38,750.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $38,406 before sliding to a mid-afternoon intraday low $36,222.0.

Finding support at the first major support level at $36,200, Bitcoin revisited $37,800 levels before sliding back into the red.

The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Thursday.

Ripple’s XRP jumped by 12.12% to lead the way, with Binance Coin rallying by 7.32%.

It was a bearish day for the rest of the majors, however.

Litecoin slid by 7.06% to lead the way down.

Bitcoin Cash SV (-3.80%), Chainlink (-2.26%), Crypto.com Coin (-4.77%) Ethereum (-4.26%), and Polkadot (-3.83%) also struggled.

Cardano’s ADA saw a relatively modest 0.67% loss on the day.

In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Thursday high $1,175.84bn. At the time of writing, the total market cap stood at $1,118.40bn.

Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Thursday low 61.36%. At the time of writing, Bitcoin’s dominance stood at 61.94%.

This Morning
At the time of writing, Bitcoin was up by 0.54% to $37,150.0. A mixed start to the day saw Bitcoin fall to an early morning low $36,791.0 before rising to a high $37,234.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day for the majors.

At the time of writing, Cardano’s ADA was up by 3.45% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to move through the pivot level at $37,308 to bring the first major resistance level at $38,394 into play.

Support from the broader market would be needed for Bitcoin to break back through to $38,000 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $38,750.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test he second major resistance level at $39,836 and a Thursday resistance at $40,000.

Failure to move through the $37,308 pivot would bring the first major support level at $35,866 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,780.

[MrSpasybo]

February 6th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move through to $39,000 levels would support a broad-based crypto rally on the day.

Bitcoin, BTC to USD, rose by 3.56% on Friday. Reversing a 1.90% decline from Thursday, Bitcoin ended the day at $38,260.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $36,571,6 before making a move.

Steering clear of the first major support level at $35,866, Bitcoin rallied to an early afternoon intraday high $38,366.0.

Bitcoin broke through the first major resistance level at $38,394 before a pullback to $37,200 levels.

Finding late support, Bitcoin broke back through to $38,200 levels to deliver the upside on the day.

The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a bullish day on Friday.

Binance Coin and Cardano’s ADA surged by 20.75% and by 22.15% respectively to lead the way.

Bitcoin Cash SV (+6.84%), Chainlink (+7.30%), Ethereum (+7.75%), and Litecoin (+6.82%) also found strong support.

Crypto.com Coin (+5.09%), Polkadot (+2.18%), Ripple’s XRP (+1.49%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Friday high $1,185.22bn. At the time of writing, the total market cap stood at $1,118.40bn.

Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 61.94%.

This Morning
At the time of writing, Bitcoin was up by 0.93% to $38,617.0. A mixed start to the day saw Bitcoin fall to an early morning low $38,205.0 before rising to a high $38,801.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (-4.71%), Bitcoin Cash SV (-1.00%), and Ripple’s XRP (-0.93%) saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 3.20% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $37,700 to bring the first major resistance level at $38,828 back into play.

Support from the broader market would be needed for Bitcoin to break out from the morning high $38,801.0.

Barring an extended crypto rally, the first major resistance level and resistance at $39,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $39,494 and resistance at $40,000.

Failure to avoid a fall through the $37,700 pivot would bring the first major support level at $37,034 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$36,000 levels. The second major support level sits at $35,906.

[MrSpasybo]

February 7th, 2021
It’s a bearish start to the day for the majors. A Bitcoin move back through to $40,000 would signal another breakout for the broader market.

Bitcoin, BTC to USD, rose by 2.54% on Saturday. Following on from a 3.56% gain on Friday, Bitcoin ended the day at $39,234.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $38,205.0 before making a move.

Steering clear of the first major support level at $37,099, Bitcoin rallied to a late afternoon intraday high $40,985.0.

Bitcoin broke through the first major resistance level at $38,894 and the second major resistance level at $39,527.

Falling short of the third major resistance level at $41,321 and the swing hi $41,969 Bitcoin fell back to end the day at sub-$40,000.

The near-term bullish trend remained intact, supported by the latest revisit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.

Cardano’s ADA surged by 18.32% to lead the way.

Binance Coin  (+7.82%), Bitcoin Cash SV (+0.99%), Crypto.com Coin (+3.87%), and Litecoin (+0.38%) also found support

It was a bearish day for the rest of the majors, however.

Chainlink and Polkadot slid by 4.93% and by 4.49% respectively to lead the way down.

Ethereum and Ripple’s XRP saw relatively modest losses of 2.40% and 1.84% respectively.

In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Saturday high $1,256.34bn. At the time of writing, the total market cap stood at $1,158.73bn.

Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 62.19%.

This Morning
At the time of writing, Bitcoin was down by 1.45% to $38,665.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,627.0 before falling to a low $38,397.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 6.17% to lead the way down.

For the Bitcoin Day Ahead
Bitcoin would need to move back through the pivot level at $39,446 to bring the first major resistance level at $40,688 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $40,900 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing high $41,969 and the second major resistance level at $42,141.

Failure to move back through the $39,446 pivot would bring the first major support level at $37,993 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$37,000 levels. The second major support level sits at $36,751.

[MrSpasybo]

February 8th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move back through to $39,000 should support the broader market.

Bitcoin, BTC to USD, fell by X% on Saturday. Partially reversing a 2.54% gain from Saturday, Bitcoin ended the week up by 17.27% to $38,837.0.

A mixed start to the day saw Bitcoin fall to a mid-morning low $38,032.0 before making a move.

Steering clear of the first major support level at $37,993, Bitcoin rallied to a late morning intraday high $39,725.7.

Falling short of the first major resistance level at $40,688, Bitcoin slid back to $37,500 levels before finding late support.

Late in the day, Bitcoin moved back through to $39,000 levels before easing back.

The near-term bullish trend remained intact, supported by the latest revisit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.

Cardano’s ADA rallied by 4.30% to buck the trend on the day.

It was a bearish day for the rest of the majors, however.

Binance Coin  and Crypto.com Coin slid by 6.15% and by 7.66% to lead the way down.

Ethereum (-3.84%), and Litecoin (-3.22%), Polkadot (-2.16%), and Ripple’s XRP (-5.48%) also saw relatively heavy losses.

Bitcoin Cash SV (-0.51%) and Chainlink (-1.02%) saw relatively modest losses on the day.

For the week, it was also a mixed bag for the majors.

Ripple’s XRP slid by 15.35% to buck the trend in the week.

It was a bullish week for the rest of the majors, however.

Cardano’s ADA surged by 92.04% to lead the way, with Binance Coin rallying by 54.34%.

Ethereum (+22.94%) and Litecoin (+16.46%) also found strong support

Bitcoin Cash (+5.30%), Chainlink (+9.63%), Crypto.com Coin (+4.05%), and Polkadot (+4.38%) trailed the front runners in the week.

In the week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Saturday high $1,256.34bn. At the time of writing, the total market cap stood at $1,167.89bn.

Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 61.92%.

This Morning
At the time of writing, Bitcoin was down by 0.06% to $38,813.0. A mixed start to the day saw Bitcoin fall to an early morning low $38,744.0 before striking a high $39,150.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Chainlink (-0.51%), Ethereum (-0.15%), and Polkadot (-0.32%) saw joined Bitcoin in the red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 1.93% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to move back through the pivot level at $38,865 to bring the first major resistance level at $39,698 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $39,725.7.

Barring an extended crypto rally, the first major resistance level and resistance at $40,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing high $41,969. The second major resistance level sits at $40,559.

Failure to move back through the $38,865 pivot would bring the first major support level at $38,004 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $37,171.

[MrSpasybo]

February 10th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move back through to $38,000 would signal a breakout for the broader market.

Bitcoin, BTC to USD, rose by 0.09% on Tuesday. Consolidating Monday’s 19.57% surge, Bitcoin ended the day at $46,488.0.

A bullish start to the day saw Bitcoin rally to a mid-morning intraday high and new swing high $48,277.0.

Falling short of the first major resistance level at $49,424, Bitcoin slid to an early afternoon intraday low $45,060.0.

Steering well clear of the first major support level at $40,705, however, Bitcoin revisited $48,000 levels before easing back.

A late pullback saw Bitcoin revisit negative territory before ending the day at $46,480 levels

The near-term bullish trend remained intact, supported by the Tuesday’s new swing hi $48,277.0. For the bears, Bitcoin would need to slide through the 62% FIB of $20,914 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a bullish day on Tuesday.

Binance Coin surged by 34.54% to lead the way.

Bitcoin Cash SV (+13.22%), Chainlink (+8.61%), and Litecoin (+8.54%) trailed in spite of strong rallies.

Cardano’s ADA (+4.24%), Crypto.com Coin (+2.99%), and Ripple’s XRP (+5.54%) also made solid gains.

Ethereum (+1.09%) and Polkadot (+0.20%) trailed the front runners, however.

At the start of the week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Tuesday high $1,431.79bn. At the time of writing, the total market cap stood at $1,378.43bn.

Bitcoin’s dominance fell to a Monday low 61.54% before jumping to aTuesday high 64.83%. At the time of writing, Bitcoin’s dominance stood at 63.11%.

This Morning
At the time of writing, Bitcoin was up by 0.52% to $46,731.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,128.0 before striking a high $46,900.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Chainlink and Litecoin were down by 0.54% and by 0.80% to buck the trend early on.

It was a bullish start fo the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 6.41% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall back through the pivot level at $46,608 to bring the first major resistance level at $48,157 into play.

Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s new swing hi $48,277.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000. The second major resistance level sits at $49,825.

Failure to avoid a fall back through the $46,608 pivot would bring the first major support level at $44,940 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $43,391.

[MrSpasybo]

February 12th, 2021
It’s a mixed start to the day as Bitcoin inches towards the $50,000 milestone. A Bitcoin move through to $49,000 levels should support the pack.

Bitcoin, BTC to USD, rallied by 7.07% on Thursday. Reversing a 3.54% slide from Wednesday, Bitcoin ended the day at $48,008.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $43,917.4 before making a move.

Steering clear of the first major support level at $43,284, Bitcoin rallied to a late intraday high and a new swing hi $48,598.0.

Bitcoin broke through the first major resistance level at $46,890 before a slide back to sub-$46,000 levels.

Finding late support, however, Bitcoin moved back through to $48,000 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the Thursday’s new swing hi $48,598.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,036 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Thursday.

Binance Coin slid by 3.66% to lead the way down.

Cardano’s ADA (-1.44%) and Polkadot (-0.97%) also saw red on the day.

It was a bullish day for the rest of the majors, however.

Crypto.com Coin jumped by 15.5% to lead the way.

Bitcoin Cash SV (+8.08%), Chainlink (+3.89%) and Ripple’s XRP (+4.80%) also found strong support.

Ethereum (+2.57%) and Litecoin (+2.84%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Thursday high $1,481.62bn. At the time of writing, the total market cap stood at $1,442.71bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before falling to a Wednesday low 61.13%. At the time of writing, Bitcoin’s dominance stood at 62.79%.

This Morning
At the time of writing, Bitcoin was up by 1.64% to $48,795.0. A mixed start to the day saw Bitcoin slip to an early morning low $47,987.0 before striking a new swing hi $48,945.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.86%), Cardano’s ADA (-0.36%), Chainlink (-1.31%), Polkadot (-1.31%), and Ripple’s XRP (-0.37%) saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 3.28% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $46,841 to bring the first major resistance level at $49,765 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s new swing hi $48,945.0.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $51,522.

Failure to avoid a fall through the $46,841 pivot would bring the first major support level at $45,084 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$45,000 levels. The second major support level sits at $42,161.

[MrSpasybo]

February 13th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move through to $48,500 levels should support the pack.

Bitcoin, BTC to USD, fell by 1.26% on Friday. Partially reversing a 7.07% rally from Thursday, Bitcoin ended the day at $47,397.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $48,945.0 before hitting reverse.

Falling short of the first major resistance level at $49,765, Bitcoin fell to an early afternoon intraday low $47,397.0.

Steering clear of the first major support level at $45,084, Bitcoin revisited $48,000 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Friday.

Cardano’s ADA fell by 0.20% to buck the trend on the day alongside Bitcoin.

It was a bullish day for the rest of the majors, however.

Polkadot and Ripple’s XRP rallied by 16.22% and by 15.33% to lead the way.

Binance Coin (+10.34%), Chainlink (+10.12%) and Litecoin (+7.29%) also found strong support on the day.

Bitcoin Cash SV (+2.62%), Crypto.com Coin (+5.56%), and Ethereum (+3.23%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,461.07bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a current day low 60.25%. At the time of writing, Bitcoin’s dominance stood at 60.82%.

This Morning
At the time of writing, Bitcoin was down by 0.60% to $47,677.0. A mixed start to the day saw Bitcoin slip to an early morning low $47,263.0 before striking a high $48,209.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (-2.98%), Cardano’s ADA (-1.31%), and Ethereum (-0.09%) joined Bitcoin in the red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 6.90% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $47,398 to bring the first major resistance level at $48,944 into play.

Support from the broader market would be needed for Bitcoin to break out from $48,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s swing hi $48,945.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $50,491.

Failure to avoid a fall back through the $47,398 pivot would bring the first major support level at $45,851 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$45,000 levels. The second major support level sits at $44,305.

[MrSpasybo]

February 14th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move back through to $48,500 levels would bring $50,000 into view.

Bitcoin, BTC to USD, slipped by 0.40% on Saturday. Following on from 1.26% decline on Friday, Bitcoin ended the day at $47,177.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse.

Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0.

Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.

Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%.

Crypto.com Coin (+5.26%) and Ripple’s XRP (+3.91%) also found support on the day.

It was a bearish day for the rest, however.

Binance Coin (-2.59%), Cardano’s ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoin’s dominance stood at 60.42%.

This Morning
At the time of writing, Bitcoin was.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was another mixed start to the day.

Binance Coin (-0.71%), Cardano’s ADA (-0.20%), Chainlink (-0.03%), Ethereum (-0.42%), and Litecoin (-1.01%) joined Bitcoin in the red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 2.44% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to move back through the pivot level at $47,214 to bring the first major resistance level at $48,172 into play.

Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $48,209.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $50,000 before any pullback. The second major resistance level sits at $49,168.

Failure to move back through the $47,214 pivot would bring the first major support level at $46,218 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $45,260.

[MrSpasybo]

February 15th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move back through to $49,000 levels would support the broader market.

Bitcoin, BTC to USD, rose by 2.98% on Sunday. Reversing a 0.40% decline Saturday, Bitcoin ended the week up by 25.08% to $48,584.0.

A mixed start to the day saw Bitcoin slip to an early morning intraday low $47,030.0 before making a move.

Steering clear of the first major support level at $46,218, Bitcoin rallied to a mid-day intraday high and a new swing hi $49,659.0.

Bitcoin broke through the first major resistance level at $48,172 and the second major resistance level at $49,168.

A bearish end to the day, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$49,000.

The near-term bullish trend remained intact, supported by the Sunday’s new swing hi $49,659.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,442 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.

Binance Coin (+1.96%), Bitcoin Cash SV (+2.94%), and Crypto.com Coin (+0.33%) bucked the trend to join Bitcoin in the green.

It was a bearish day for the rest of the majors, however.

Cardano’s ADA (-7.61%), Polkadot (-X%), and Ripple’s XRP (-6.74%) led the way down.

Chainlink (-3.07%), and Litecoin (-5.54%) also struggled.

Ethereum saw relatively modest 0.77% loss, however.

For the week, it was a bullish week for the crypto majors, however.

Binance Coin surged by 98.52% to lead the way.

Bitcoin Cash SV (+43.58%), Cardano’s ADA (+27.43%), Chainlink (+34.02%), Crypto.com Coin (+40.20%), Litecoin (+41.05%), Ripple’s XRP (+41.34%) also found strong support.

Ethereum (+11.65%) and Polkadot (+8.63%) trailed the front runners, however.

In the week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Sunday high $1,539.20bn. At the time of writing, the total market cap stood at $1,453.99bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.67%. At the time of writing, Bitcoin’s dominance stood at 60.42%.

This Morning
At the time of writing, Bitcoin was up by 0.23% to $47,694.0. A bullish start to the day saw Bitcoin rise from an early morning low $48,592.0 to a high $48,727.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day. Crypto.com Coin was down by 1.27% early on to buck the trend.

It was a bullish start for the rest of the majors, however.

At the time of writing, Bitcoin Cash SV was up by 2.94% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $48,424 to bring the first major resistance level at $49,819 into play.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s swing hi $49,659.0.

Barring an extended crypto rally, the first major resistance level and resistance at $50,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $51,053.

Failure to avoid a fall through the $48,424 pivot would bring the first major support level at $47,190 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,795.

[MrSpasybo]

February 17th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move back through to $50,000 levels would support a broad-based crypto rally.

Bitcoin, BTC to USD, rose by 2.65% on Tuesday. Reversing a 1.42% loss from Monday, Bitcoin ended the day at $49,203.0.

A mixed start to the day saw Bitcoin slide to an early morning intraday low $47,0460 before making a move.

Steering clear of the first major support level at $46,105, Bitcoin rallied to a mid-day intraday high and a new swing hi $50,490.0.

Bitcoin broke through the first major resistance level at $49,333 to visit $50,000 levels for the first time.

Coming up short of the second major resistance level at $50,760, Bitcoin fell back to sub-$48,000 levels and into the red.

Finding late support, however, Bitcoin moved back through to $49,000 levels to deliver the upside on the day.

The first major resistance level at $49,333 pinned Bitcoin back late on.

The near-term bullish trend remained intact, supported by the Tuesday’s new swing hi $50,490.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,759 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Tuesday.

Bitcoin Cash SV (-3.75%), Chainlink (-1.62%), Crypto.com Coin (-1.38%), and Ripple’s XRP (-5.35%) saw red.

It was a bullish day for the rest of the majors, however.

Polkadot rallied by 5.49% to lead the way.

Binance Coin (+0.03%), Cardano’s ADA (+1.13%), Ethereum (+0.08%), and Litecoin (+0.99%) also joined Bitcoin in positive territory.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Tuesday high $1,537.78bn. At the time of writing, the total market cap stood at $1,476.39bn.

Bitcoin’s dominance jumped to a Monday high 63.36% before falling to a Monday low 60.67%. At the time of writing, Bitcoin’s dominance stood at 62.44%.

This Morning
At the time of writing, Bitcoin was up by 0.75% to $49,572.5. A bullish start to the day saw Bitcoin rise from an early morning low $49,182.0 to a high $49,584.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.07%), Litecoin (+0.85%), and Ripple’s XRP (+1.76%) joined Bitcoin in the green.

It was a bearish start for the rest of the majors, however.

At the time of writing, Chainlink was down by 1.17% to lead the way down.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $48,913 to bring the first major resistance level at $50,780 into play.

Support from the broader market would be needed for Bitcoin to break out from Tuesday’s new swing hi $50,490.0.

Barring an extended crypto rally, the first major resistance level and Tuesday’s new swing hi would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $52,357.

Failure to avoid a fall through the $48,913 pivot would bring the first major support level at $47,336 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,469.

[MrSpasybo]

February 19th, 2021
It’s a mixed start to the day for the majors. A Bitcoin move back through to $52,500 levels would support a broad-based crypto rally.

Bitcoin, BTC to USD, fell by 1.04% on Thursday. Partially reversing a 5.97% rally from Wednesday, Bitcoin ended the day at $51,566.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $52,539.0 before hitting reverse.

Bitcoin fell short of Wednesday’s new swing hi $52,577.0 and the first major resistance level at $53,462.

The reversal saw Bitcoin fall to a mid-day intraday low $50,863.0 before finding support.

Steering clear of the first major support level at $49,885, Bitcoin revisited $52,300 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $22,556 to form a near-term bearish trend.

The Rest of the Pack
Across the rest of the majors, it was a mixed day on Thursday.

Litecoin (-4.58%), Polkadot (-1.72%), and Ripple’s XRP (-0.54%) joined Bitcoin in the red.

It was a bullish day for the rest of the majors, however.

Binance Coin  and Crypto.com Coin surged by 18.22% and by 18.66% to lead the way.

Bitcoin Cash SV (+4.94%) and Ethereum (+4.74%) also found strong support.

Cardano’s ADA (+2.44%) and Chainlink (+0.56%) and trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Thursday high $1,602.83bn. At the time of writing, the total market cap stood at $1,573.61bn.

Bitcoin’s dominance fell to a Monday low 60.67% before rising to a Wednesday high 63.41%. At the time of writing, Bitcoin’s dominance stood at 61.42%.

This Morning
At the time of writing, Bitcoin was up by 0.54% to $51,847.0. A mixed start to the day saw Bitcoin fall to an early morning low $51,505.0 before rising to a high $51,913.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Polkadot was down by 0.55% to buck the trend early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Binance Coin was up by 5.72% to lead the way.

For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the pivot level at $51,656 to bring the first major resistance level at $52,449 into play.

Support from the broader market would be needed for Bitcoin to break back through to $52,000 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s swing hi $52,577.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $53,332.

Failure to avoid a fall through the $51,656 pivot would bring the first major support level at $50,773 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $49,980.