The Crypto Daily – Movers and Shakers – September 17th, 2021

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Falling short of the first major resistance level at $48,813, Bitcoin slid to a late intraday low $47,061.0.

Bitcoin fell through the first major support level at $47,093 before a partially recovery to $47,700 levels.

The near-term bullish trend remained intact, in spite of the latest return to $43,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 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.

Crypto.com Coin rose by 2.04% to buck the trend.

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

Cardano’s ADA fell by 3.52% to lead the way down.

Binance Coin (-1.62%), Chainlink (-2.93%), Ethereum (-1.30%), Litecoin (-2.08%), Polkadot (-1.82%), and Ripple’s XRP (-2.71%) also struggled.

Bitcoin Cash SV (-0.33%) saw a relatively modest loss, however

In the current the week, the crypto total market fell to a Monday low $1,958bn before rising to a Thursday high $2,245bn. At the time of writing, the total market cap stood at $2,181bn.

Bitcoin’s dominance fell to a Monday low 40.36% before rising to a Wednesday high 41.91%. At the time of writing, Bitcoin’s dominance stood at 41.28%.



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