• info@parsalandco.com
  • +989124000464
  • +989127093613
  • Home
  • Startups
  • Departments
    • Application Software Department
    • Architecture Department
    • Construction Department
    • Cryptocurrency Department
    • Decoration Department
    • Digital Investment Department
    • E-Commerce Department
    • Electronic Department
    • Energy Saving Department
    • Health Department
    • IOT Department
    • Mechanical Department
  • Top Projects
    • Green Power Generator
    • Green Marketing
    • Smart Animal Husbandry
  • Blog
  • about us
    • Ethics charter
Menu
  • Home
  • Startups
  • Departments
    • Application Software Department
    • Architecture Department
    • Construction Department
    • Cryptocurrency Department
    • Decoration Department
    • Digital Investment Department
    • E-Commerce Department
    • Electronic Department
    • Energy Saving Department
    • Health Department
    • IOT Department
    • Mechanical Department
  • Top Projects
    • Green Power Generator
    • Green Marketing
    • Smart Animal Husbandry
  • Blog
  • about us
    • Ethics charter

The Crypto Daily

Home » Blog » The Crypto Daily

Ethereum and Chainlink
Ethereum (ETH) and Chainlink (LINK) Hit New All-time Highs While Dormant Tokens Moving Fast
February 13, 2021
BTC
Bitcoin Weekly Outlook: A Technical Damage Underway
February 15, 2021
February 13, 2021
Categories
  • Blockchain
Tags
  • Bitcoin
  • Chainlink
  • Crypto token
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Price
  • Ripple
Bitcoin would need to avoid a fall back through the pivot level at $47,398

Bitcoin would need to avoid a fall back through the pivot level at $47,398

It’s a mixed start to the day for the majors. A Bitcoin move through to $48,500 levels should support the pack.

Bitcoin, BTC to USD, fell by 1.26% on Friday. Partially reversing a 7.07% rally from Thursday, Bitcoin ended the day at $47,397.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $48,945.0 before hitting reverse.

Falling short of the first major resistance level at $49,765, Bitcoin fell to an early afternoon intraday low $47,397.0.

Steering clear of the first major support level at $45,084, Bitcoin revisited $48,000 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA fell by 0.20% to buck the trend on the day alongside Bitcoin.

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

Polkadot and Ripple’s XRP rallied by 16.22% and by 15.33% to lead the way.

Binance Coin (+10.34%), Chainlink (+10.12%) and Litecoin (+7.29%) also found strong support on the day.

Bitcoin Cash SV (+2.62%), Crypto.com Coin (+5.56%), and Ethereum (+3.23%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,461.07bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a current day low 60.25%. At the time of writing, Bitcoin’s dominance stood at 60.82%.

This Morning

At the time of writing, Bitcoin was down by 0.60% to $47,677.0. A mixed start to the day saw Bitcoin slip to an early morning low $47,263.0 before striking a high $48,209.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (-2.98%), Cardano’s ADA (-1.31%), and Ethereum (-0.09%) joined Bitcoin in the red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 6.90% to lead the way.

Bitcoin would need to avoid a fall back through the pivot level at $47,398 to bring the first major resistance level at $48,944 into play.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $47,398 to bring the first major resistance level at $48,944 into play.

Support from the broader market would be needed for Bitcoin to break out from $48,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s swing hi $48,945.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $50,491.

Failure to avoid a fall back through the $47,398 pivot would bring the first major support level at $45,851 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$45,000 levels. The second major support level sits at $44,305.

Source: FXempire

Related Post

  • Bitcoin price hits $36,800 shortly after Ethereum closes above $1,500
  • BITCOIN (BTC/USD) AND ETHEREUM (ETH/USD) PRICE ANALYSIS AND CHART:
  • Crypto crime drops, but Bitcoin-ransomware increased in 2020!
  • Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin bull run pauses while selected altcoins on fire
  • Bitcoin Price Eyes $40K While BNB Tops $70 For the First Time (Market Watch)
Share
93
Negin Rezaei
Negin Rezaei

Related posts

Nano Water Chip

Nano Water Chip

April 9, 2023

Nano Water Chip


Read more
January 30, 2023

Opportunity job in The Metaverse


Read more
Euphoria Spa

Euphoria Spa

January 16, 2023

Euphoria Spa


Read more
Neuralink brain chip
January 14, 2023

Neuralink brain chip


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Parsaland Trading Company with many activities in the fields of import and export, investment consulting, blockchain consulting, information technology and building construction

Departments

  • Application Software
  • Architecture
  • Construction
  • Cryptocurrency
  • Decoration
  • E-Commerce
  • Electronic
  • Energy Saving
  • Health
  • IOT
  • Mechanical

Quick Link

  • Home
  • Startups
  • Blog
  • About Us

Contact Us

  • +989124000464
  • +989127093613
  • info@parsalandco.com
  • parsalandco-company
  • parsalandco_com
  • parsalandco_com