Bitcoin
$23,717.66
+536.17
(+2.31%)
Ethereum
$1,639.52
+49.22
(+3.1%)
Ripple
$0.41
+0.01
(+1.79%)
Litecoin
$101.23
+7.44
(+7.93%)
EOS
$1.08
+0.01
(+1.22%)
Cardano
$0.40
+0.01
(+2.26%)
Stellar
$0.09
0
(+1.7%)
NEO
$8.41
+0.23
(+2.86%)
NEM
$0.04
0
(+6.28%)
DigitalCash
$63.19
+3.48
(+5.83%)
Tether
$1.00
0
(0%)
Binance Coin
$317.06
+4.45
(+1.42%)
QTUM
$2.76
+0.08
(+3.07%)
Verge
$0.00
0
(+1.23%)
Ontology
$0.21
+0.01
(+4.03%)
ZCash
$47.14
+1.89
(+4.18%)
Steem
$0.20
0
(+2.45%)

The Crypto Daily – Movers and Shakers – March 28th, 2021

0


Bitcoin, BTC to USD, rose by 1.64% on Saturday. Consolidating Friday’s 7.08% rally, Bitcoin ended the day at $55.886.0.

A mixed start to the day saw Bitcoin fall to a mid-day intraday low $54,010.0 before making a move.

Steering clear of the first major support level at $52,529, Bitcoin rallied to a late intraday high $56,655.0.

Bitcoin broke through the first major resistance level at $56,229 before falling back to sub-$56,000 levels.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 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 and Polkadot fell by 3.08% and by 3.05% to lead the way down.

Chainlink (-2.03%), Crypto.com Coin (-0.59%), and Ripple’s XRP (-3.42%) also saw red on the day.

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

Binance Coin  rallied by 5.49% to lead the way.

Bitcoin Cash SV (+2.77%), Ethereum (+0.82%), and Litecoin (+0.23%) also joined Bitcoin in the green.

In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,707bn.

Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 61.08%.

This Morning

At the time of writing, Bitcoin was up by 0.02% to $55,895.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,859.0 before rising to a high $56,029.0

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

Elsewhere, it was a mixed start to the day.

Binance Coin was up by 0.12% to join Bitcoin in the green.

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

At the time of writing, Ripple’s XRP was down by 0.67% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,517 to bring the first major resistance level at $57,024 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $56,655.0.

Barring an extended crypto rally, the first major resistance level and resistance at $57,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,162.

Failure to avoid a fall through the $55,517 pivot would bring the first major support level at $54,379 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $52,872.



Read More: The Crypto Daily – Movers and Shakers – March 28th, 2021

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