The Crypto Daily – Movers and Shakers – June 21st, 2021
Bitcoin, BTC to USD, rose by 0.17% on Sunday. Following a 0.77% decline on Saturday, Bitcoin ended the week down by 8.64% to $35,631.0.
A mixed start to the day saw Bitcoin rise to a mid-morning high $35,983.0 before hitting reverse.
Falling short of the major resistance levels, Bitcoin slid to midday intraday low $33,411.0.
Bitcoin fell through the first major support level at $34,777 and the second major support level at $33,984.
Finding afternoon support, however, Bitcoin rallied to a late intraday high $36,226.4.
Falling short of the first major resistance level at $36,405, Bitcoin slipped back to end the day at sub-$36,000 levels.
The near-term bullish trend remained intact in spite of the latest slide back to $33,000 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 Sunday.
It was a bullish day for the rest of the majors.
Chainlink rallied by 6.79% to lead the way.
It was also a mixed week for the majors, in the week ending 20th June.
Polkadot bucked the trend in the week, rising by 2.62%.
It was a bearish week for the rest of the majors, however, which joined Bitcoin in the red.
Ripple’s XRP slid by 12.32% to lead the way down, with Ethereum and Litecoin falling by 10.65% and by 9.44% respectively.
Binance Coin (-7.35%), Bitcoin Cash SV (-8.95%), Cardano’s ADA (-8.41%), Chainlink (-7.26%), and Crypto.com Coin (-7.62%) also struggled, however.
In the week, the crypto total market rose to a Tuesday high $1,708bn before falling to a Sunday low $1,367bn. At the time of writing, the total market cap stood at $1,462bn.
Bitcoin’s dominance rose to a Wednesday high 46.26% before falling to a Sunday low 45.04%. At the time of writing, Bitcoin’s dominance stood at 45.25%.
At the time of writing, Bitcoin was down by 0.79% to $35,351.0. A mixed start to the day saw Bitcoin rise to an early morning high $35,832.0 before falling to a low $35,332.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Crypto.com Coin found early support, rising by 2.40%.
It’s been a bearish start for the rest of the majors, however.
At the time of writing, Ripple’s XRP and Chainlink were down by 1.38% and by 1.33% respectively to lead the way down.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $35,090 pivot to bring the first major resistance level at $36,768 into play.
Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $36,226.4.
Barring a broad-based crypto rally, the first major resistance level and resistance at $37,000 would likely cap any upside.
In the event of another extended crypto rally, Bitcoin could test resistance at $39,000 before any pullback. The second major level sits at $37,905.
A fall through the $35,090 pivot would bring the first major support level at $33,953 into play.
Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $32,274.