Daily Crypto Forecast – The Top Crypto Movements Today – September 27, 2021

Bitcoin, BTC to USD, rose 1.11% on Sunday. Bitcoin reversed a 0.34% decline from Saturday to end the week down 8.57% at $43,190.0.

A bearish start to the day saw Bitcoin slide to a late morning intraday low of $40,800.0 before making a move.

Bitcoin fell through the first major support level at $41,966 and the second major support level at $41,218.

The selloff also caused Bitcoin to fall through the 38.2% FIB of $41,592.

However, to stay away from support levels below $40,000, Bitcoin rallied to a late intraday high $43,963.0.

Bitcoin broke the first major resistance level at $43,225 and the second major resistance level at $43,735.

However, Bitcoin fell below the $44,000 level and fell back through key resistance levels before ending the day at levels below $43,200.

The short-term uptrend remained intact despite the recent return to sub-$40,000 levels. 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 mixed day for all other majors on Sunday.

Ethereum gained 4.68%, with Chainlink (+0.27%), Crypto.com Coin (+0.85%) and Ripple’s XRP (+0.52%) also finding support.

However, it was a bearish day for the other majors.

Cardano's ADA and Polkadot slipped 4.07% and 4.41% respectively to lead the way lower, with Bitcoin Cash SV (-3.91%) also struggling.

Binance Coin (-1.59%) and Litecoin (-0.18%) posted relatively modest losses on the day.

While it was a mixed end to the week, it was a bearish week for the majors.

Bitcoin Cash SV slipped 16.26% with Binance Coin (-15.71%), Crypto.com Coin (-14.94%) and Litecoin (-14.24%) close behind.

Chainlink (-10.14%), Ethereum (-8.05%) and Ripple’s XRP (-9.89%) also struggled.

However, Cardano’s ADA (-3.24%) and Polkadot (-6.74%) posted relatively modest losses.

For the week, the overall crypto market rose to a Monday high of $2,136 billion before sliding to a Tuesday low of $1,744 billion. At the time of writing, the total market capitalization stood at $1,936 billion.

Bitcoin dominance rose to a Monday high of 42.73% before falling to a Friday low of 40.98%. At the time of writing, Bitcoin dominance stood at 41.89%.

This morning

At the time of writing, Bitcoin is down 0.34% to $43,045.0. After a mixed start to the day, Bitcoin rose to an early morning high $43,233.9 before falling to a low $43,045.0.

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 1.60% to lead the way lower.

For the upcoming Bitcoin day

Bitcoin would need to avoid the $42,651 pivot to bring the first major resistance level at $44,502 into play.

For Bitcoin to break back to $44,000 levels, support from the broader market would be needed.

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

In the event of a broad-based crypto rally, Bitcoin could test resistance at $47,000 before a pullback occurs. The second major resistance level is at $45,814.

A fall through the $42,651 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,339 into play.

Barring another extended selloff on the day, Bitcoin should stay away from below $40,000. The second major support level is at $39,488.