Daily Crypto Forecast – The Top Crypto Movements Today – September 28, 2021

Bitcoin, BTC to USD, fell 2.33% on Monday. Bitcoin reversed a 1.11% gain from Sunday to end the day at $42,181.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $44,356.0 before hitting reverse gear.

Bitcoin missed the first major resistance level at $44,502 and slid to a late intraday low at $42,135.0.

Avoiding the 38.2% FIB of $41,592 and the first major support level at $41,399, Bitcoin ended the day at the $42,180 level.

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 bearish day for all other majors on Monday.

Chainlink slipped 6.32% to lead the way lower.

Cardano's ADA (-3.48%), Ethereum (-4.40%) and Litecoin (-3.66%) also struggled.

Binance Coin (-2.54%), Bitcoin Cash SV (-1.99%), Crypto.com Coin (-1.00%), Polkadot (-1.57%) and Ripple's XRP (-2.24%) posted relatively modest losses.

Earlier in the week, the overall crypto market rose to a Monday high of $1,997 billion before sliding to a low of $1,880 billion early Tuesday. At the time of writing, the total market capitalization stood at $1,902 billion.

Bitcoin dominance fell to a Monday low of 41.79% before rising to a Monday high of 42.15%. At the time of writing, Bitcoin dominance stood at 41.94%.

This morning

At the time of writing, Bitcoin was up 0.45% at $42,369.0. A mixed start to the day saw Bitcoin fall to an early morning low $42,000.0 before rising to a high $42,386.0.

Bitcoin left key support and resistance levels untested early on.

Elsewhere it was a mixed start to the day.

Crypto.com Coin bucked the early trend and fell 2.60%.

However, it was a bullish start for the rest of the majors.

At the time of writing, Bitcoin Cash SV was up 1.48% to take the lead.

For the upcoming Bitcoin day

Bitcoin would need to move through the $42,891 pivot to bring the first major resistance level at $43,646 into play.

For Bitcoin to break out of the $43,500 level, support from the broader market would be needed.

Barring a broad-based crypto rally, the first major resistance level and Monday's high at $44,356 would likely cap the upside.

In the event of a broad-based crypto rally, Bitcoin could test resistance at the $45,000 level before a pullback occurs. The second major resistance level is at $45,112.

Failure to break the $42,891 pivot would bring the 38.2% FIB of $41,592 and the first major support level at $41,425 into play.

Barring another extended selloff on the day, Bitcoin should stay away from below $40,000. The second major support level at $40,670 should cap the downside.