The Crypto Daily – Movers and Shakers – August 11th, 2020

Bitcoin and Litecoin over dollar banknotes.

Bitcoin, BTC to USD, Bitcoin rose by 1.86% on Monday. Reversing a 0.75% fall from Sunday, Bitcoin ended the day at $11,892.0.

It was a bullish start to the day. Bitcoin rallied to an early morning intraday high $12,065 before hitting reverse.

Bitcoin broke through the first major resistance level at $11,799 and the second major resistance level at $11,922.

The reversal saw Bitcoin slide to a late morning intraday low $11,450 before finding support.

Bitcoin fell through the first major support level at $11,540.87 before rebounding to $11,970 levels.

The rebound saw Bitcoin break back through the first and second major resistance levels before easing back to sub-$11,900 levels.

In spite of the late pullback, Bitcoin avoided a fall back through the first major resistance level at $11,799.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash ABC and Cardano’s ADA fell by 0.07% and by 0.83% to buck the trend on the day.

It was a bullish day for the rest of the majors, with Tezos surging by 15.12% to lead the pack.

EOS (+6.91%), Litecoin (+2.35%), Ripple’s XRP (+2.28%), and Tron’s TRX (+4.83%) also found strong support.

Binance Coin (+0.98%), Bitcoin Cash SV (+0.57%), Ethereum (+1.38%), Monero’s XMR (+0.87%), and Stellar’s Lumen (+0.64%) trailed the front runners.

In the current week, the crypto total market cap rose to a Monday high $361.35bn before falling to a low $339.21bn. At the time of writing, the total market cap stood at $353.42bn.

Bitcoin’s dominance rose to a Monday high 62.62% before sliding to a low 61.70%. At the time of writing, Bitcoin’s dominance stood at 61.98%.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $11,875.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,917.0 before falling to a low $11,867.0.

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

Elsewhere, it was a mixed start to the morning.

Ethereum (-0.17%) and Monero’s XMR (-0.42%) joined Bitcoin in the red.

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

Ripple’s XRP (+1.38%) and Tezos (+1.41%) led the pack early on.

BTC/USD 11/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,800 pivot to support a run at the first major resistance level at $12,155.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $12,065.

Barring an extended crypto rally, the first major resistance level and Monday’s high would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,417.

A fall through the $11,800 pivot level would bring the first major support level at $11,540 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels. The second major support level sits at $11,187.33.

The Crypto Daily – Movers and Shakers – August 7th, 2020

Coins of crypto currency are presented on a dark background. Virtual money concept.

Bitcoin, BTC to USD, rose by 0.20% on Thursday. Following on from a 4.91% rally on Wednesday, Bitcoin ended the day at $11,759.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,557 before making a move.

Steering clear of the first major support level at $11,281, Bitcoin rallied to a late intraday $11,890 before easing back.

Falling short of the first major resistance level at $11,996 Bitcoin fell back to $11,600 levels and into the red.

Finding late support, however, Bitcoin moved back through to $11,700 levels to deliver the upside.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Thursday.

Binance Coin (-2.36%), Ethereum (-1.48%), Stellar’s Lumen (-1.43%), and Tron’s TRX (-0.62%) saw red.

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

Bitcoin Cash ABC (+5.74%), Monero’s XMR (+5.37%), and Tezos (+3.75%) led the way.

Bitcoin Cash SV (+1.29%), Cardano’s ADA (+1.41%), EOS (+1.05%), Litecoin (+0.25%), and Ripple’s XRP (+0.19%) also joined Bitcoin in the green.

In the current week, the crypto total market cap rose from a Monday low $323.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $348.75bn.

Bitcoin’s dominance fell from a Monday high 62.46% to a Tuesday low 61.24%. At the time of writing, Bitcoin’s dominance stood at 62.35%.

This Morning

At the time of writing, Bitcoin was up by 0.29% to $11,793.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,738.0 before rising to a high $11,795.0.

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

Elsewhere, it was a mixed start to the day. Monero’s XMR bucked the trend early on, falling by 0.68%.

It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 1.66% to lead the way.

BTC/USD 07/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,735 pivot to support a run at the first major resistance level at $11,914.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,890.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,068.

Failure to avoid a fall through the $11,735 pivot level would bring the first major support level at $11,581 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,500 levels. The second major support level sits at $11,402.

The Crypto Daily – Movers and Shakers – August 4th, 2020

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin, BTC to USD, rose by 1.52% on Monday. Partially reversing a 6.36% slide from Sunday, Bitcoin ended the day at $11,226.5.

It was a mixed start to the day. Bitcoin slid to an early morning intraday low $10,943 before making a move.

Steering clear of the first major support level at $10,369, Bitcoin rallied to a late afternoon intraday high $11,456.

Falling short of the first major resistance level at $11,918, Bitcoin fell to a 2nd half of the day low $11,125.

Finding support in the final hour, however, Bitcoin moved back through to $11,200 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Monday.

Ripple’s XRP rallied by 7.58% to lead the way.

Binance Coin (+5.29%), Bitcoin Cash ABC (+5.76%), Bitcoin Cash SV (+5.18%), Monero’s XMR (+5.18%), Tezos (+6.19%), and Tron’s TRX (+4.72%) also found strong support.

Cardano’s ADA (2.71%), EOS (+3.58%), Ethereum (+3.77%), Litecoin (3.06%), and Stellar’s Lumen (+3.14%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $323.11bn to a Monday high $345.06bn. At the time of writing, the total market cap stood at $340.35bn.

Bitcoin’s dominance fell from a Monday high 62.43% to a low 61.38%. At the time of writing, Bitcoin’s dominance stood at 61.65%.

This Morning

At the time of writing, Bitcoin was up by 1.14% to $11,354.4. A bullish start to the day saw Bitcoin rise from an early morning low $11,225.5 to a high $11,374.0.

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

Elsewhere, it was a mixed start to the day. Monero’s XMR bucked the trend early on, falling by 0.24%.

It was a bullish start for the rest of the majors, however. At the time of writing, Ethereum was up by 3.00% to lead the way, with Ripple’s XRP up by 2.41%.

BTC/USD 04/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,209 pivot to support a run at the first major resistance level at $11,474.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $11,456.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,722.

Failure to avoid a fall through the $11,209 pivot level would bring the first major support level at $10,961 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels on the day. The second major support level sits at $10,696.

The Crypto Daily – Movers and Shakers – July 28th, 2020

Coins of crypto currency are presented on a dark background. Virtual money concept.

Bitcoin, BTC to USD, rallied by 11.01% on Monday. Following on from a 2.40% gain on Sunday, Bitcoin ended the day at $11,044.

It was bullish day, with Bitcoin rallying from an early morning intraday low $9,944.9 to a late intraday high $11,379.0.

Bitcoin broke through the day’s major resistance levels before falling back to sub-$10,800 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,968.13 before finding support.

Finding late support, however, Bitcoin broke back through the third major resistance level to end the day at $11,000 levels.

The near-term bullish trend remained intact, supported by the latest run at $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (-6.64%), Stellar’s Lumen (-4.75%), and Tezos (-5.30%) saw heavy losses on the day.

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

Bitcoin Cash ABC (+7.64%), Bitcoin Cash SV (+8.38%), and Litecoin (+10.91%) led the way.

Binance Coin (+1.02%), EOS (+5.07%), Ethereum (+3.47%), Monero’s XMR (+0.52%), Ripple’s XRP (+4.33%), and Tron’s TRX (+0.93%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $285.49bn to a high $335.80bn. At the time of writing, the total market cap stood at $319.54bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Monday high 64.85% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.41%.

This Morning

At the time of writing, Bitcoin was up by 1.08% to $11,162.9. A bullish start to the day saw Bitcoin rise from an early morning low $11,044.0 to a high $11.263.0.

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

Elsewhere, Cardano’s ADA continued to buck the trend. At the time of writing, Cardano’s ADA was down by 0.95%.

It was a bullish start to the day for the rest of the majors, however, with Binance Coin up by 2.15% to lead the way.

BTC/USD 28/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,789 pivot to support a run at the first major resistance level at $11,634.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $11,379.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,223.

Failure to avoid a fall through the $10,789 pivot level would bring the first major support level at $10,200 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the first major support level at $10,200.

The Crypto Daily – Movers and Shakers – July 23rd, 2020

Coins of crypto currency are presented on a dark background. Virtual money concept.

Bitcoin, BTC to USD, rose by 1.65% on Wednesday. Following on from a 2.43% rally on Tuesday, Bitcoin ended the day at $9,557.7.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,305.0 before making a move.

Steering clear of the first major support level at $9,231.87, Bitcoin rallied to a late intraday high $9,642.4.

Bitcoin broke through the first major resistance level at $9,514.67 and the second major resistance level at $9,627.33.

A late pullback saw Bitcoin fall through the second major resistance level to wrap up the day at sub-$9,600 levels.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Wednesday.

Ethereum led the way, rallying by 7.53%.

Binance Coin (+2.31%), Bitcoin Cash ABC (+4.79%), Bitcoin Cash SV (+2.35%), Litecoin (+2.83%), Monero’s XMR (+2.58%), Ripple’s XRP (+2.06%), Tezos (+2.98%) and Tron’s TRX (+2.25%) also found strong support.

Cardano’s ADA (+0.68%), EOS (+1.55%), and Stellar’s Lumen (+1.10%), trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before striking a Wednesday high $280.59bn. At the time of writing, the total market cap stood at $279.16bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Wednesday low 62.91. At the time of writing, Bitcoin’s dominance stood at 63.01%.

This Morning

At the time of writing, Bitcoin was down by 0.07% to $9,551.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,560.0 before falling to a low $9,546.1.

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

Elsewhere, it was a mixed start to the day. At the time of writing, Monero’s XMR was down by 0.04% to join Bitcoin in the red.

It was a bullish start to the day for the rest of the majors, however. Stellar’s Lumen was up by 2.03% to lead the way.

BTC/USD 23/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,500 pivot to support a run at the first major resistance level at $9,700.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $9,642.4.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,839.1 before any pullback.

Failure to avoid a fall through the $9,500 pivot level would bring the first major support level at $9,361.0 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,164.3.

The Crypto Daily – The Movers and Shakers – July 21st, 2020

Depositphotos_193678068_s-2019

Bitcoin, BTC to USD, fell by 0.56% on Monday. Reversing a 0.46% gain from Sunday, Bitcoin ended the day at $9,179.2.

It was another mixed start to the day. Bitcoin rose to an early morning intraday high $9,238.2 before hitting reverse.

Falling short of the first major resistance level at $9,316.2, Bitcoin fell to a late morning intraday low $9,154.5.

Steering clear of the first major support level at $9,129.0, Bitcoin revisited $9,200 levels before falling back into the red.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was yet another mixed day on Monday.

Monero’s XMR rose by 0.74% to buck the trend on the day.

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

Tezos, Cardano’s ADA, and Stellar’s Lumen led the way down with losses of 7.33%, 5.20%, and 5.63% respectively.

Binance Coin (-3.05%), Bitcoin Cash ABC (-2.11%), Bitcoin Cash SV (-2.24%), Ripple’s XRP (-2.45%), and Tron’s TRX (-2.24%) also struggled.

EOS (-0.83%), Ethereum (-1.32%), and Litecoin (-1.69%), saw relatively modest losses.

At the start of the week, the crypto total market cap rose to a Monday high $267.96bn before falling to a Monday low $263.85bn. At the time of writing, the total market cap stood at $265.07bn.

Bitcoin’s dominance fell to a Monday low 63.41% before rising to a Monday high 63.94%. At the time of writing, Bitcoin’s dominance stood at 63.78%.

This Morning

At the time of writing, Bitcoin was up by 0.08% to $9,187.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,174.4 before rising to a high $9,187.1.

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

Elsewhere, it was a bullish start to the day. At the time of writing, Tezos was up by 1.31% to lead the way.

BTC/USD 21/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $9,191 pivot to support a run at the first major resistance level at $9,227.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,200 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $9,238.2 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,274 before any pullback.

Failure to move through the $9,191 pivot level would bring the first major support level at $9,143 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The third major resistance level at $9,023 should limit any downside.

The Crypto Daily – Movers and Shakers – July 16th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, fell by 0.58% on Wednesday. Reversing a 0.13% increase from Tuesday, Bitcoin ended the day at $9,210.1.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $9,280.0 before hitting reverse.

Falling short of the first major resistance level at $9,331.47, Bitcoin slid to a late afternoon intraday low $9,179.0.

Steering clear of the first major support level at $9,151.17, Bitcoin revisited $9,240 levels before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Wednesday.

Monero’s XMR (+3.99%), Stellar’s Lumen (+2.65%), and Tezos (+8.77%) bucked the trend on the day.

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

Binance Coin slid by 2.54% to lead the way down.

Bitcoin Cash SV (-1.15%), Cardano’s ADA (-1.48%), and Litecoin (-1.32%) also struggled.

Bitcoin Cash ABC (-0.39%), EOS (-0.63%), Ethereum (-0.86 %), Ripple’s XRP (-0.92%), and Tron’s TRX (-0.82%) saw relatively modest losses.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Tuesday low $261.61bn. At the time of writing, the total market cap stood at $267.05bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Tuesday high 64.00%. At the time of writing, Bitcoin’s dominance stood at 63.52%.

This Morning

At the time of writing, Bitcoin was up by 0.04% to $9,214.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,195.0 before rising to a high $9,214.0

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA (+1.19%), Ethereum (+0.08%), Litecoin (+0.07%), Monero’s XMR (+0.76%), Stellar’s Lumen (+0.29%), Tezos (+0.20%), and Tron’s TRX (+0.18%) joined Bitcoin in the green.

It was a bearish start for the rest of the majors.

At the time of writing, Bitcoin Cash SV was down by 0.94% to lead the way down.

Binance Coin (-0.63%), Bitcoin Cash ABC (-0.30%), EOS (-0.38%), and Ripple’s XRP (-0.02%) were also in the red.

BTC/USD 16/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $9,223 pivot to support a run at the first major resistance level at $9,267.07.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $9,280.0

Barring an extended crypto rally, the first major resistance level and Wednesday’s high would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,324.04. Resistance at $9,400 would likely cap any upside.

Failure to move through the $9,223 pivot level would bring the first major support level at $9,166.07 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The third major resistance level at $9,021.03 should limit any downside.

The Crypto Daily – Movers and Shakers – July 14th, 2020

Coins of crypto currency are presented on a dark background. Virtual money concept.

Bitcoin, BTC to USD, fell by 0.73% on Monday. Reversing a 0.76%% loss from Sunday, Bitcoin ended the day at $9,252.0.

It was a mixed start to the day. Bitcoin fell to a mid-morning low $9,257.5 before striking a mid-day intraday high $9,350.0.

Falling short of the first major resistance level at $9,397.9, Bitcoin slid to a late intraday low $9,220.0.

Avoiding the first major support level at $9,204.4, Bitcoin briefly revisited $9,270 levels before easing back.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Tezos rallied by 2.66% to lead the way. Binance Coin also bucked the trend, rising by 0.38%

It was a bearish end to the week for the rest of the majors.

Stellar’s Lumen and Tron’s TRX led the way down, with losses of 5.15% and 3.46% respectively.

Bitcoin Cash ABC (-2.09%), Bitcoin Cash SV (-2.00%), Cardano’s ADA (-2.15%), and EOS (-2.55%) also struggled on the day.

Ethereum (-1.39%), Litecoin (-1.92%), Monero’s XMR (-0.23%), and Ripple’s XRP (-1.31%) saw more modest losses on the day.

On Monday, the crypto total market cap rose to a Monday high $271.57bn before falling to a low $264.75bn. At the time of writing, the total market cap stood at $266.13bn.

Bitcoin’s dominance fell to a Monday low 63.37% before rising to a high 63.97%. At the time of writing, Bitcoin’s dominance stood at 63.87%.

This Morning

At the time of writing, Bitcoin was down by 0.18% to $9,234.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,252.0 to a low $9,234.6.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Binance Coin and Cardano’s ADA were up by 0.71 and by 0.42% respectively to buck the trend.

It was a bearish start for the rest of the majors.

Tezos was down by 2.90% to lead the way down early on.

BTC/USD 14/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $9,274 pivot to support a run at the first major resistance level at $9,328.0.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $9,350.0 would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,404.0 before any pullback.

Failure to move through the $9,274 pivot level would bring the first major support level at $9,198.0 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level at $9,144.0 should limit any downside.

The Crypto Daily – Movers and Shakers – July 9th, 2020

Coins of crypto currency are presented on a dark background. Virtual money concept.

Bitcoin rose by 1.94% on Wednesday. Reversing a 1.00% loss from Tuesday, Bitcoin ended the day at $9,447.0.

It was a mixed start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,256.0 before making a move.

Steering clear of the first major support level at $9,189.27, Bitcoin rallied to a mid-afternoon intraday high $9,490.1.

Bitcoin broke through the first major resistance level at $9,367.57 and the second major resistance level at $9,467.63.

A late pullback saw Bitcoin fall back through the second major resistance level to a low $9,401.3.

Finding late support, however, Bitcoin avoided the first major resistance level to wrap up the day at $ 9,400 levels.

The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a particularly bullish day on Wednesday.

Cardano’s ADA (+10.54%), Ripple’s XRP (+10.98%), and Stellar’s Lumen (+15.61%) lead the way.

EOS (+4.80%), Litecoin (+4.47%), Tezos (+5.67%), and Tron’s TRX (+4.64%) also found strong support.

Binance Coin (+2.86%), Bitcoin Cash ABC (+1.90%), Bitcoin Cash SV (+1.48%), Ethereum (+3.25%), and Monero’s XMR (+2.55%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $254.54bn to Wednesday high $272.25bn. At the time of writing, the total market cap stood at $271.24bn.

Bitcoin’s dominance fell from a Monday high 65.58% to a Wednesday low 63.83%. At the time of writing, Bitcoin’s dominance stood at 64.03%.

This Morning

At the time of writing, Bitcoin was down by 0.21% to $9,427.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,451.7 before falling to a low $9,411.5.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Stellar’s Lumen and Binance Coin bucked the trend, with gains of 1.78% and 0.24% respectively.

It was bearish for the rest of the majors, with Cardano’s ADA (-1.43%), Ripple’s XRP (-1.05%), and Tezos (-1.26%) leading the way down.

BTC/USD 09/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,400 pivot to support a run at the first major resistance level at $9,544.13.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $9,497.2.

Barring an extended crypto rebound, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,641.27.

Failure to avoid a fall through the $9,400 pivot level would bring the first major support level at $9,302.93 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,300 levels. The second major resistance level sits at $9,158.87.

The Crypto Daily – Movers and Shakers – July 7th, 2020

bitcoin with us dollars and calculator

Bitcoin rose by 2.99% on Monday. Reversing a 0.68% fall from Sunday, Bitcoin ended the day at $9,361.1.

It was a mixed start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,075.8 before finding support.

Steering clear of the first major support level at $8,950.77, Bitcoin rallied to a final hour intraday high $9,389.6.

Bitcoin broke through the first major resistance level at $9,185.07 and the second major resistance level at $9,285.83.

Notably, Bitcoin wrapped up the day at $9,300 levels for the 1st time since 24th June.

The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Monday.

Bitcoin Cash SV led the way, rallying by 25.23%.

Bitcoin Cash ABC (+8.96%), Cardano’s ADA (+7.08%), EOS (+8.56%), Ethereum (+6.16%), Ripple’s XRP (+6.66%), Stellar’s Lumen (+6.86%), Tezos (+6.66%), and Tron’s TRX (+6.53%) also found strong support.

Binance Coin (+5.29%), Litecoin (+5.87%), Monero’s XMR (+2.62%), trailed the front runners.

Through Monday, the crypto total market cap rose from a low $254.54bn to a high $266.49bn. At the time of writing, the total market cap stood at $265.61bn.

Bitcoin’s dominance fell from a Monday high 65.58% to a low 64.62%. At the time of writing, Bitcoin’s dominance stood at 64.78%.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $9,357.3. A mixed start to the day saw Bitcoin fall to an early morning low $9,349.6 before rising to a high $9,389.4.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash SV (-0.46%), Cardano’s ADA (-0.05%), EOS (-0.10%), Ethereum (-0.10%), Ripple’s XRP (-0.14%), and Tron’s TRX (-0.61%) joined Bitcoin in the red.

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

Binance Coin was up by 0.56% to lead the way.

BTC/USD 07/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,275 pivot to support a run at the first major resistance level at $9,475.2.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $9,389.6.

Barring an extended crypto rebound, the first major resistance level and Monday’s high would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,589.3.

Failure to avoid a fall through the $9,275 pivot level would bring the first major support level at $9,161.4 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,200 levels.