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.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
