Daily Crypto Forecast – The Top Crypto Movements Today – September 20, 2021

Bitcoin, BTC to USD, fell 2.24% on Sunday. Bitcoin reversed a 2.14% gain from Saturday to end the week up 2.61% to $47,239.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high of $48,370.3 before hitting reverse gear.

Bitcoin missed the first major resistance level at $49,063 and slid to a late intraday low at $46,837.0.

Bitcoin fell through the first major support level at $47,310 and ended the day below $47,300. Bitcoin found late support and rose back to the $47,200 level.

The short-term uptrend remained intact despite the recent return to the $43,000 level. For the bears, Bitcoin would need a sustained decline through the 62% FIB of $27,237 to form a short-term downtrend.

The rest of the package

It was a bearish day for all other majors on Sunday.

Cardano's ADA (-3.76%), Chainlink (-3.70%) and Litecoin (-3.10%) led with Crypto.com. Down Coin (-2.29%), Ethereum (-3.13%) and Ripple’s XRP (-2.58%) are also struggling.

However, Binance Coin (-0.58%), Bitcoin Cash SV (-1.58%) and Polkadot (-0.79%) posted modest losses.

It was a mixed week ending in '19^NSSeptember for the majors.

Crypto.com Coin bucked the trend and rose 2.81%.

However, it was a bearish week for the rest of the major.

Cardano's ADA slipped 11.58% to lead the way lower, with Chainlink (-6.99%), Polkadot (-7.88%) and Ripple's XRP (-6.41%) also struggling.

However, Binance Coin (-1.90%), Bitcoin Cash SV (-0.24%), Ethereum (-2.21%) and Litecoin (-3.94%) posted relatively modest losses.

For the week, the overall crypto market fell to a Monday low of $1,957 billion before rising to a Thursday high of $2,245 billion. At the time of writing, the total market capitalization stood at $2,111 billion.

Bitcoin dominance fell to a Monday low of 40.36% before rising to a Friday high of 42.30%. At the time of writing, Bitcoin dominance stood at 42.02%.

This morning

At the time of writing, Bitcoin is down 0.29% to $47,100.3. After a mixed start to the day, Bitcoin rose to an early morning high $47,327.0 before falling to a low $47,076.0.

Bitcoin left key 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 1.34% to lead the way lower.

For the upcoming Bitcoin day

Bitcoin would need to move through the $47,482 pivot to bring the first major resistance level at $48,127 into play.

For Bitcoin to break out of the $47,500 level, support from the broader market would be needed.

Barring a broad-based crypto rally, the first major resistance level and Sunday's high at $48,370.3 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at the $50,000 level before a pullback occurs. The second major resistance level is at $49,015.

Failure to break the $47,482 pivot would bring the first major support level at $46,594 into play.

Barring an extended sell-off on the day, Bitcoin should stay away from below $45,500. The second major support level at $45,949 should cap the downside.