The Crypto Daily – Movers and Shakers – September 24th, 2021

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Updated: Sep 24, 2021, 00:50 UTC

It was a relatively bullish day for Bitcoin and the broader market on Thursday. A Bitcoin move through to $45,000 levels would bring $48,000 levels back into play.

The Rest of the Pack

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

Bitcoin Cash SV (-0.93%) and Ripple’s XRP (-0.24%) bucked the trend on the day.

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

Chainlink rose by 4.12% to lead the way, with Cardano’s ADA (+3.07%), Ethereum (+2.48%), and Polkadot (+2.65%) close behind.

Binance Coin (+1.25%), Crypto.com Coin (+0.55%), and Litecoin (+1.53%) trailed the front runners, however.

In the current week, the crypto total market rose to a Monday high $2,136bn before sliding to a Tuesday low $1,744bn. At the time of writing, the total market cap stood at $2,043bn.

Bitcoin’s dominance rose to a Monday high 42.97% before falling to a Thursday low 41.07%. At the time of writing, Bitcoin’s dominance stood at 41.46%.

This Morning

At the time of writing, Bitcoin was up by 0.21% to $44,978.9. A mixed start to the day saw Bitcoin fall to an early morning low $44,738.0 before rising to a high $44,993.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin led the way, rising by 2.39%, with Litecoin up by 1.10%.

Binance Coin (+0.37%), Bitcoin Cash SV (+0.12%), and Cardano’s ADA (+0.51%) also found early support.

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

At the time of writing, Polkadot was down by 0.47% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $44,329 pivot to bring the first major resistance level at $45,555 into play.

Support from the broader market would be needed for Bitcoin to break back through to $45,500 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at $48,000 levels before any pullback. The second major resistance level sits at $46,227.

A fall through the $44,329 pivot would bring the first major support level at $43,658 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$43,000 levels. The second major support level sits at $42,431.

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.