Today Crypto Shakers and Movers – 14 August
Though Cardano gained most among the top coins on Friday, Bitcoin appears to test the vital levels at $50K today. Enough momentum to avoid pivot points might take Bitcoin towards $50,000.
Friday sessions saw BTC-USD rallying by around 7.70% as the crypto market went printed positive vibes. Meanwhile, the leading cryptocurrency ended its trading day near $47,835 after reversing Thursday’s 2.43% loss.
Mixed early sessions yesterday had BTC dropping to $44,967 intraday lows before another uptick.
The world’s largest digital coin traded at $47,967 intraday high after overpowering the critical support zone at $43,411.
The price reactions witnessed Bitcoin breaking its initial resistance at $45,811 and the following one at $47,199.
However, BTC registered slight losses towards $47,800 due to the $48,000 resistance.
Bitcoin’s recent return to $47K supports the coin’s short-term bullishness. For bearishness to dominate, BTC will need an extended plunge beneath $27,237 and 62% Fibonacci. That would translate to a short-term bear trend.
Alternative Coins
Top cryptocurrencies registered bullish moves on Friday, ADA leading with a 16.8% uptick. Other altcoins that had substantial gains include, LINK (+11.38%), ETH (+9.10%), LTC (+10.81%), and XRP (+12.80).
Also, BNB (+6.53%), DOT (+1.61%) and Crypto.com Coin (+5.91%) surged.
On the other hand, the total market dropped to $1.696 Trillion on Monday before climbing to $1.998 trillion highs on Friday. While writing this content, the overall market capitalizations stand around $1.973 trillion.
BTC had its dominance rising to 47.44% on Monday before dropping to 45.03% on Thursday. For now, the leading asset has its market dominance at 45.43%.
Today Morning
While publishing this content, BTC hovered at $47,710 after losing 0.26%. Unpredictable morning sessions had BTC rising to $47,855 before plunging towards $47,532.
Meanwhile, the coin didn’t test its crucial resistance and support zones.
Other assets saw mixed actions as well.
Crypto.com Coin saw its value rising today after gaining 3.25%. On the other hand, LINK trades 1.23% down now, leading the losers.
BTC’s Day Ahead
The dominant crypto will have to prevent breaching the pivot at $46,689 to test its initial critical resistance near $49,113.
The asset will require broader market support for BTC to claim the $49,000 levels.
Where will Bitcoin be in the coming sessions? Subscribe for the latest updates.
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