The Crypto Daily – Movers and Shakers – September 27th, 2021

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

The sell-off also saw Bitcoin fall through the 38.2% FIB of $41,592.

Steering clear of sub-$40,000 support levels, however, Bitcoin rallied to a late intraday high $43,963.0.

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

Falling short of $44,000 levels, however, Bitcoin fell back through the major resistance levels before ending the day at sub-$43,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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

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

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

Cardano’s ADA and Polkadot slid by 4.07% and by 4.41% respectively to lead the way down, with Bitcoin Cash SV (-3.91%) also struggling.

Binance Coin (-1.59%) and Litecoin (-0.18%) saw 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 slid by 16.26%, with Binance Coin (-15.71%), Coin (-14.94%), and Litecoin (-14.24%) close behind.

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

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

In the 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 $1,936bn.

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