The Crypto Daily – Movers and Shakers -12/12/19

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Bitcoin fell by 0.33% on Wednesday. Following on from a 1.69% decline on Tuesday, Bitcoin ended the day at $7,230.7.

A relatively bullish start to the day saw Bitcoin rise to an early morning intraday high $7,312.0.

Falling short of the first major resistance level at $7,392.8, Bitcoin slid to a mid-afternoon intraday low $7,169.0.

Steering clear of the first major support level at $7,158.2, Bitcoin recovered to $7,200 levels to limit the downside on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin on the back foot in the current week.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day for the majors.

Ethereum and Stellar’s Lumen fell by 1.55% and by 1.49% to lead the way down on Wednesday.

Bitcoin Cash SV (-0.91%), EOS (-1.12%), Litecoin (-1.07%), and Ripple’s XRP (-0.88%) also saw relatively heavy losses.

Binance Coin saw a more modest 0.2% loss on the day.

Support late in the day reversed heavier losses from earlier in the day, painting a rosier picture for the pack.

Through the first half of the week, the crypto total market cap rose to a Monday high $206.02bn sliding back to sub-$200bn levels. At the time of writing, the total market cap stood at $195.16bn.

Bitcoin’s dominance held at sub-67% levels on the day, with Bitcoin struggling alongside the broader market on Wednesday. The continued sell-off failed to draw in sidelined investors, with trading volumes easing back from $60bn levels earlier in the day.

This Morning

At the time of writing, Bitcoin was down by 1.10% to $7,151.1. A particularly choppy start to the day saw Bitcoin rise to an early morning high $7.369.0 before sliding to a low $7,150.0.

Bitcoin broke through the first major resistance level at $7,305.47 before sliding through the first major support level at $7,162.47.

Elsewhere, it was a sea of red across the crypto board.

Binance Coin and Ethereum led the way down in the first hour, with losses of 1.61% and 1.34% respectively.

Bitcoin Cash ABC (-0.61%), Bitcoin Cash SV (-0.62%), EOS (-0.53%), Litecoin (-0.78%), and Ripple’s XRP (-0.77%) also struggled.

Stellar’s Lumen saw a modest loss early on, down by just 0.03%.

BTC/USD 12/12/19 Daily Chart

For the Bitcoin Day Ahead

A move back through to $7,240 levels would support another run at the first major resistance level at $7,305.47.

Bitcoin would need the support of the broader market, however, to break out from the first major support level at $7,162.47.

Barring a broad-based crypto rebound, resistance at $7,300 would likely limit any upside on the day.

Failure to move back through to $7,240 levels would likely see Bitcoin spend a 4th consecutive day in the red.

A pullback through to sub-$7,150 levels would bring the second major support level at $7,094.23 into play.

Barring an extended sell-off through the day, Bitcoin should steer clear of sub-$7,000 levels, however.

The Crypto Daily – Movers and Shakers -10/12/19

Cryptomania

Bitcoin slid by 2.45% on Monday. Reversing a 1.54% gain from last week, Bitcoin ended the day at $7,379.5.

A mixed start to the day saw Bitcoin fall from an early morning high $7,584.1 to a late morning low $7,491.6.

Steering clear of the first major support level at $7,458.8, Bitcoin rallied to a mid-afternoon intraday high $7,748.7.

The rally saw Bitcoin break through the first major resistance level at $7,645.2 and second major resistance level at $7,725.8.

Bitcoin’s visit to $7,700 levels was brief, however, with Bitcoin sliding to a late intraday low $7,306.2.

The sell-off saw Bitcoin fall through the first major support level at $7,458.8 and second major support level at $7,353.0.

In spite of finding support late in the day, Bitcoin failed to break back through the first major support level. A move through the second major support level did limit the downside, however.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the upside last week.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day for the majors.

EOS, Bitcoin Cash ABC and Stellar’s Lumen led the way down, with losses of 3.16% and 2.81% and 2.73% respectively.

Things were not much better elsewhere, however.

Binance Coin (-1.79%), Bitcoin Cash SV (-1.71%), Ethereum (-2.25%), Litecoin (-2.54%), and Ripple’s XRP (-2.38%) also saw heavy losses.

Through the day, the crypto total market cap rose to a day high $206.02bn before sliding to a low $199.97bn. At the time of writing, the total market cap stood at $200.46bn.

By historical standards, it wasn’t the biggest slide, but it was notable, with investors quick to cash in any upside.

Bitcoin’s dominance held at sub-67% levels on the day. The late sell-off failed to draw investors in, however, with trading volumes seeing only a marginal rise from $50bn levels to hit $57bn highs before easing back.

This Morning

At the time of writing, Bitcoin was up by 0.06% to $7,383.8. A mixed start to the day saw Bitcoin fall from to an early morning low $7,356.1 before hitting a high $7,383.8.

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

Elsewhere, Bitcoin Cash ABC (+0.17%) joined Bitcoin in the green.

It was a bearish start for the rest of the pack, however, with Binance Coin falling by 0.70% to lead the way down.

BTC/USD 10/12/19 Daily chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $7,480 levels to support a run at the first major resistance level at $7,650.0.

Support from the broader market would be needed, however, for Bitcoin to break back through to $7,600 levels.

Barring a broad-based crypto rally, we would expect Resistance at $7,500 to leave Bitcoin short of $7,600 levels today.

Failure to move through to $7,480 levels could see Bitcoin spend a second consecutive day in the red.

A fall back through the morning low $7,356.1 would bring the first major support level at $7,207.57 into play.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of second major support level at $7,035.63.

The Crypto Daily – Movers and Shakers -05/12/19

crypto currency mining concept

Bitcoin fell by 1.33% on Tuesday. Following on from a 0.19% decline on Tuesday, Bitcoin ended the day at $7,238.3.

A bearish start to the day saw Bitcoin fall to a late morning intraday low $7,129.0.

Bitcoin fell through the first major support level at $7,263.8 and the second major support level at $7,191.6.

Finding support through the late morning, Bitcoin rallied to an intraday high $7,890 before hitting reverse.

Bitcoin broke through the major resistance levels before sliding back through the first and second major support levels.

The reversal saw Bitcoin fall to a 2nd half of a day low $7,131 before finding support to move back through to $7,200 levels.

In spite of the partial recovery, Bitcoin failed to move back through the first major support level at $7,263.8.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the upside in the week.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was also a bearish day for the majors on Wednesday.

EOS and Ripple’s XRP led the way, with the pair sliding by 2.64% and by 2.52% respectively.

Bitcoin Cash ABC (-1.40%) and Ethereum (-1.24%) also saw relatively heavy losses.

Binance Coin (-0.85%), Bitcoin Cash SV (-0.79%), Litecoin (-0.36%) and Stellar’s Lumen (-0.84%) saw relatively modest losses on the day.

Through the 1st half of the week, the crypto total market cap slid from $203bn levels on Monday to a Wednesday low $195.19bn before hitting a Wednesday high $203.25bn. At the time of writing, the total market cap stood at $196.37bn.

Bitcoin’s dominance held on to 66% levels, supported more modest losses in the week. 24-hour trading volumes hit $70bn levels before easing back.

This Morning

At the time of writing, Bitcoin was up by 1.14% to $7,321.1. A mixed start to the day saw Bitcoin fall to an early morning low $7,218.0 before striking a high $7,405.0.

In spite of the early moves, however, Bitcoin left the major support and resistance levels untested.

Elsewhere, it was a mixed start to the day. Ethereum (-0.89%), Litecoin (1.88%) and Ripple’s XRP (-0.90%) saw red early on.

Binance Coin (+1.09%), Bitcoin Cash ABC (+.32%), Bitcoin Cash SV (+0.17%), EOS (+0.79%), and Stellar’s Lumen (+0.15%) joined Bitcoin in the green.

BTC/USD 05/12/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to break back through the morning high $7,405 to support a run at the first major resistance level at $7,709.2.

Support from the broader market would be needed, however, for Bitcoin to break back through to $7,400 levels.

Barring an extended rally through the day, resistance at $7,400 would likely cap any upside.

Failure to move through the morning high could see Bitcoin hit reverse.

A fall through the morning low $7,191.0 would bring the first major support level at $6,948.2 into play.

Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of sub-$7,100 levels…

The Crypto Daily – Movers and Shakers -03/12/19

bitcoin with us dollars and calculator

Bitcoin fell by 1.34% on Monday. Following on from a 1.96% decline from Sunday, Bitcoin ended the day at $7,350.3.

Another bearish start to the day saw Bitcoin fall from an early morning intraday high $7,467.3 to a mid-morning intraday low $7,206.4.

Falling short of the first major resistance level at $7,603.93, Bitcoin fell through the first major support level at $7,292.43.

Finding support through the late morning, Bitcoin recovered to $7,400 levels going into the afternoon.

Through the 2nd half of the day, Bitcoin eased back to $7,300 levels and into a relatively range-bound end to the day.

While resistance at $7,400 pinned Bitcoin back, Bitcoin did manage to break back through and hold above the first major support level.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the gains from last week.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day for the majors on Monday.

Litecoin led the way down, sliding by 4.06%.

Bitcoin Cash SV and EOS weren’t far behind, with losses of 2.77% and 3.38% respectively.

Binance Coin (-1.94%), Ethereum (-1.31%), and Ripple’s XRP (-2.59%) also saw deep red.

Bitcoin Cash ABC managed to avoid a loss on the day, with a late recovery leaving Bitcoin Cash ABC flat.

Through the start of the week, the crypto total market cap slid from a Monday high $203.16bn to a low $197.05bn. Finding support in the 2nd half of the day, the total market cap recovered to $199bn levels. At the time of writing, the total market cap stood at $199.25bn.

Bitcoin’s dominance held on to 66% levels with heavier losses seen across the broader market. 24-hour trading volumes fell back to sub-$60bn levels on the day after having hit $63bn levels early in the day.

This Morning

At the time of writing, Bitcoin was up by 0.26% to $7,369.2. A relatively range-bound start to the morning saw Bitcoin rise from an early morning low $7,350.2 to a high $7,371.1.

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

Elsewhere, it was green across the crypto board for the majors, though the early gains were modest at best.

Litecoin and Ripple’s XRP led the way, with gains of 0.5% and 0.41% respectively, with EOS up by 0.36%.

BTC/USD 03/12/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$7,350 levels to support a run at the first major resistance level at $7,476.27.

Support from the broader market would be needed, however, for Bitcoin to break back through to $7,400 levels.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high $7,467.3 would likely limit any upside.

In the event of a breakout, the second major resistance level at $7,602.23 could come into play.

Failure to steer clear of sub-$7,350 levels could see Bitcoin fall for a 4th consecutive day.

A fall through the morning low $7,350.2 would bring the first major support level at $7,215.37 into play.

Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of the second major support level at $7,134.77.

The Crypto Daily – Movers and Shakers -28/11/19

Bitcoin and Litecoin over dollar banknotes.

Bitcoin rallied by 4.88% on Wednesday. Following on from a 0.50% gain from Tuesday, Bitcoin ended the day at $7,549.3.

A bearish start to the day saw Bitcoin slid to a late morning intraday low $6,878.2 before finding support.

Bitcoin fell through the first major support level at $7,034.90 before bouncing to a late intraday high $7,689.00.

Bitcoin broke through the first major resistance level at $7,374.00 and the second major resistance level at $7,549.70.

Easing back late in the day, Bitcoin fell back through the second major resistance level to $7,510 levels.

At the day end, however, it was the second major resistance level that pinned Bitcoin back.

In spite of a 3rd consecutive day in the green, the near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the majors on Wednesday.

Bitcoin Cash ABC led the way, rallying by 5.63%, with Binance Coin (+4.68%) and Ethereum (+3.50%) also seeing solid gains.

Bitcoin Cash SV (+1.61%), EOS (+2.42%), Litecoin (+1.72%), Ripple’s XRP (+1.49%), and Stellar’s Lumen (+2.07%) saw more modest gains on the day.

From outside of the top 10, Tron’s TRX continued to make a move towards the top 10, with a 4.66% gain.

In the early part of the week, the crypto total market cap slid to a Monday low $180.76bn before rebounding to a Wednesday current week high $206.42bn. At the time of writing, the total market cap stood at $205.22bn.

Bitcoin’s dominance rose from 66.2% to 66.5%, following Wednesday’s break out. 24-hour trading volumes were back at $80bn levels after hitting $133bn levels earlier in the week.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $7,546.2. Another mixed start to the day saw Bitcoin rise to an early morning high $7,611.0 before falling to a low $7,518.1.

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

Elsewhere, it was a mixed start to the day for the majors. Ripple’s XRP led the way, rising by 1.64%, to buck the trend early on.

It was red for the rest of the pack, with Bitcoin Cash ABC (-1.31%) and Binance Coin (-1.40%) leading the way down.

In the early hours, Litecoin and EOS saw modest losses of 0.04% and 0.14% respectively.

BTC/USD 28/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $7,600 levels to support a run at the first major resistance level at $7,866.13.

Support from the broader market would be needed, however, to break through to $7,700 levels.

Barring a broad-based crypto rally, Wednesday’s high $7,689 and resistance at $7,700 would likely limit any upside.

Failure to move back through to $7,600 levels could see Bitcoin slide deeper into the red.

A fall back through the morning low $7,370 levels would bring the first major support level at $7,055.33 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$7,000 support levels on the day.

The Crypto Daily – Movers and Shakers -26/11/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 2.84% on Monday. Partially reversing a 5.27% slide on Sunday, Bitcoin ended the day at $7,162.8.

A particularly bearish start to the day saw Bitcoin slide to an early morning intraday low and new swing low $6,618.0.

The sell-off saw Bitcoin fall through the first major support level at $6,800.87 and second major support level at $6,636.43.

Finding support through the late morning, Bitcoin bounced back to a late afternoon intraday high $7,414.4.

The rebound saw Bitcoin break back through the support levels and the first major resistance level at $7.250.87.

Through the latter part of the day, Bitcoin slid back through the first major resistance level to $7,100 levels, however.

Sub-$7,200 support delivered late in the day, with Bitcoin avoiding sub-$7,000 levels to close out the day at $7,100 levels.

In spite of the Monday gain, Sunday’s slide back through to sub-$7,000 levels led to the formation of a near-term bearish trend formed at late June’s swing hi $13,764.0.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the majors on Monday.

Bitcoin Cash SV, EOS, and Tron’s TRX led the way with gains of 5.08%, 4.50%, and 4.54% respectively.

Bitcoin Cash ABC (+3.82%), Ethereum (+4.15%), Litecoin (+3.64%), and Stellar’s Lumen (+3.22%) also saw solid gains.

While Binance Coin (+1.13%) trailed the pack on the day, Ripple’s XRP bucked the trend, falling by 1.50%.

The start of the week saw the crypto total market cap slide to a Monday low $180.76bn before rebounding to a day high $198.76bn. At the time of writing, the total market cap stood at $195.87bn.

Bitcoin’s dominance held onto 66% levels at the start of the week, in spite of a bullish start to the week for the broader market. Volatility across the crypto market drew traders back in the wake of the sell-off. 24-hour trading volumes jumped from sub-$90bn levels to $133bn levels before easing back.

This Morning

At the time of writing, Bitcoin was up by 0.81% to $7,220.9. A bullish start to the day saw Bitcoin rise from an early morning low $7,130.0 to a high $7,242.1.

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

Elsewhere, Bitcoin Cash SV and EOS led the way, with gains of 3.10% and 1.62% respectively.

Binance Coin, Ethereum, and Litecoin were also on the move, rising by 1.49%, 1.50%, and 1.45% respectively.

Stellar’s Lumen and Tron’s TRX bucked the trend early on, sliding by 1.05% and by 1.25% respectively.

BTC/USD 26/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $7,242.1 to support a run at the first major resistance level at $7,512.13.

Support from the broader market would be needed, however, to break out from $7,300 levels.

Barring a broad-based crypto rally, Monday’s high $7,414.4 would likely pin Bitcoin back.

In the event of a crypto breakout, Bitcoin could visit $7,600 levels before any pullback.

Failure to move back through the morning high $7,242.1 could see Bitcoin hit reverse.

A fall back through the morning low $7,130.0 would bring sub-$7,000 levels back into play.

Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of the first major support level at $6,715.73.

The Crypto Daily – Movers and Shakers -21/11/19

Cryptomania

Bitcoin slipped by 0.47% on Wednesday. Following on from a 0.66% fall on Tuesday, Bitcoin ended the day at $8,126.4.

A mixed start to the day saw Bitcoin rise to an early morning high $8,191.0 before hitting reverse.

Falling well short of the first major resistance level at $8,256.37, Bitcoin slid to a late morning intraday low $8,081.0.

In spite of the pullback, Bitcoin steered clear of the first major support level at $8,062.57.

Through the 2nd half of the day, Bitcoin bounced back to a late afternoon intraday high $8,257.8.

Bitcoin briefly broke through the first major resistance level at $8,256.37 before sliding back to sub-$8,100 levels.

A late move back through to $8,100 levels limited the downside on the day.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through the 38.2% FIB of $9,734. Bitcoin has continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was also bearish for the majors on Wednesday.

Bitcoin Cash SV led the way down once more, falling by 3.62%.

Binance Coin (-2.16%), Stellar’s Lumen (-2.94%), and Tron’s TRX (-2.53%) also saw relatively heavy losses.

Bitcoin Cash ABC (-0.10%), EOS (-1.19%), Ethereum (-0.80%), Litecoin (-0.36%), Ripple’s XRP (-1.65%) saw more modest losses on the day.

The bearish start to the week saw the total crypto market cap fall from a Monday high $237.09bn to a Wednesday low $219.77bn. At the time of writing, the total market cap stood at $219.97bn.

Bitcoin’s dominance fell back to sub-66% levels on the day. Trading volumes also eased back, with 24-hour volumes falling from $73bn levels to sub-$70bn on Wednesday.

This Morning

At the time of writing, Bitcoin was down by 0.15% to $8,114.1. A bearish start to the day saw Bitcoin fall from an early morning high $8,126.4 to a low $8,110.7.

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

Elsewhere, it was also a bearish start to the day, with Binance Coin falling by 0.88% to lead the way down.

EOS (-0.37%), Ethereum (-0.33%), Litecoin (-0.42%), Ripple’s XRP (-0.61%), Stellar’s Lumen (-0.12%), and Tron’s TRX (-0.12%) were also in the red.

BTC/USD 21/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,155 levels to support a run at the first major resistance level at $8.229.13.

Support from the broader market would be needed, however, for Bitcoin to break through to $8,200 levels.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday high $8,257.8 would likely limit any upside.

In the event of a breakout, the second major resistance level at $8,331.87 would likely pin Bitcoin back from $8,500 levels for a 3rd consecutive day.

Failure to move through to $8,155 levels could see Bitcoin slid deeper into the red.

A fall back through to sub-$8,100 levels would bring the first major support level at $8.052.33 into play.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of sub-$8,000 levels.

The Crypto Daily – Movers and Shakers -19/11/19

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Bitcoin fell by 3.72% on Monday. Following on from last week’s 5.87% slide, Bitcoin ended the day at $8,219.5.

A relatively bearish start to the day saw Bitcoin fall from an early intraday high $8,537.0 to a late morning low $8,452.8.

Bitcoin left the major support and resistance levels untested before tumbling to a late afternoon intraday low $8,117.0.

Bitcoin fell through the first major support level at $8,394.63 and the second major support level at $8,251.97.

Finding support late in the day, Bitcoin recovered to $8,200 levels to limit the loss on the day.

In spite of the support, Bitcoin was unable to break back through the second major support level.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through the 38.2% FIB of $9,734. Bitcoin has continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day for the majors on Monday.

Bitcoin Cash ABC (-7.27%), Stellar’s Lumen (-6.14%), and Tron’s TRX (-7.68%) led the way down.

Binance Coin (-5.55%), Bitcoin Cash SV (-5.33%), EOS (-6.31%), and Litecoin (-5.88%) also saw heavy losses.

Ethereum and Ripple’s XRP saw relatively modest losses, with the pair falling by 3.28% and 4.41% respectively.

The bearish start to the week saw the total crypto market cap fall from a Monday high $237.09bn to a day low $226.27bn. At the time of writing, the total market cap stood at $230.19bn.

Bitcoin’s dominance continued to hold at sub-66% levels in spite of heavier losses elsewhere on the day. Trading volumes did pick up, however, with 24-hour volumes rising from $60bn levels to $72bn levels late in the day.

This Morning

At the time of writing, Bitcoin was up by 0.08% to $8,226.4. A mixed start to the day saw Bitcoin fall to an early morning low $8,200.1 before striking a high $8,245.5.

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

Elsewhere, it was a mixed bag for the majors.

Binance Coin (+0.05%), Bitcoin Cash ABC (+0.18%), EOS (+0.21%), Litecoin (+0.18%), and Ripple’s XRP (+0.03%) also found support.

It was a bearish start for the rest, however.

Bitcoin Cash SV and Stellar’s Lumen led the way down, with losses of 1.24% and 1.21% respectively.

Ethereum and Tron’s TRX also saw red early on, with the pair falling by 0.34% and by 0.63% respectively.

BTC/USD 19/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,290 levels to support a run at the first major resistance level at $8,465.33.

Support from the broader market would be needed, however, for Bitcoin to break through to $8,400 levels.

Barring a broad-based crypto rebound, Bitcoin would likely fall short of $8,500 levels and Monday’s high $8.537.0

Failure to move through to $8,290 levels could see Bitcoin spend another day in the red.

A fall through to sub-$8,200 levels would bring the first major support level at $8,045.33 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$8,000 levels.

In the event of another meltdown, the second major support level at $7,871.17 could come into play…

The Crypto Daily – Movers and Shakers -14/11/19

Cryptomania

Bitcoin fell by 0.33% on Wednesday. Partially reversing a 1.06% rise from Tuesday, Bitcoin ended the day at $8,801.1.

A bearish start to the day saw Bitcoin fall from an early morning intraday high $8,849.9 to a mid-morning intraday low $8,730.3.

Bitcoin left the major support and resistance levels untested before recovering to $8,800 levels by late morning.

The bearish sentiment continued into the early afternoon, however, with Bitcoin falling back to sub-$8,000 levels.

Through the latter part of the day, Bitcoin managed to move back through to $8,800 levels to limit the day loss.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through the 38.2% FIB of $9,734. Bitcoin has continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was another mixed day for the majors on Wednesday.

Binance Coin and Tron’s TRX led the way, rising by 1.72% and by 2.30% respectively.

Ethereum and Ripple’s XRP also ended the day in the green, with gains of 0.4% and 0.08% respectively.

It was a bearish day for the rest of the pack, however, with Bitcoin Cash SV falling by 2.16% to lead the way down.

Bitcoin Cash ABC (-1.58%), EOS (-0.21%), Litecoin (-0.93%), and Stellar’s Lumen (-1.65%) saw more modest loses on the day.

Through the current week, the total crypto market cap fell from a current week high $246.9bn to a current week low $237.75bn on Monday. On Tuesday through Wednesday, the market cap fell back to $237.9bn levels before striking a Wednesday high to $241.79bn. At the time of writing, the total market cap stood at $240.68bn.

Bitcoin’s dominance fell back to 65% levels on the day, with Bitcoin under pressure through Wednesday. Trading volumes also fell back to $61bn levels after having recovered to $70bn levels. Last week, 24-hour volumes had also fallen to $61bn levels.

This Morning

At the time of writing, Bitcoin was down by 0.09% to $8,792.8. A range-bound start to the day saw Bitcoin fall from an early morning high $8,817.4 to a low $8,790.0.

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

Elsewhere, it was a mixed bag across the majors.

Binance Coin led the way early on, rising by 1.33%. Stellar’s Lumen (+0.67%) and Ripple’s XRP (+0.19%) also found early support.

It was a bearish start for the rest of the pack, however. Bitcoin Cash SV was the worst performer, with a 0.44% loss.

BTC/USD 14/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,790 to support a run at the first major resistance level at $8,857.23.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $8,849.9.

Barring a broad-based crypto rally on the day, Bitcoin would likely come up short of $8,900 levels once more.

Failure to move through to $8,790 levels could see Bitcoin slide deeper into the red. A fall back to sub-$8,750 levels would bring the first major support level at $8,737.63 into play.

Barring an extended sell-off, however, Bitcoin should steer clear of the second major support level at $8,674.17.

The Crypto Daily – Movers and Shakers -12/11/19

Bitcoin coin on white keyboard

Bitcoin hit reverse at the start of the week, falling by 3.66% on Monday. Reversing a 2.74% gain from Sunday, Bitcoin ended the day at $8,737.70.

A relatively bullish start to the day saw Bitcoin rise to an early morning intraday high $9,108.5 before hitting reverse.

Falling short of the first major resistance level at $9,291.8, Bitcoin slid to a late morning intraday low $8,616.5.

Bitcoin fell through the first major support level at $8,805.8 to its lowest level since 24th October.

Finding support in the late morning, Bitcoin moved back through to $8,700 levels going into the afternoon.

Through relatively range-bound 2nd half of the day, Bitcoin managed to strike a high $8,799.4 before easing back.

For the bulls, the extended bullish trend remained intact in spite of failing to break back through the 38.2% FIB of $9,734. Bitcoin has continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the majors on Monday.

Stellar’s Lumen bucked the trend on the day, rising by 1.13%.

It was bearish for the rest of the pack, however. EOS led the way down, falling by 4.19%. Litecoin (-3.02%), Bitcoin Cash SV (-2.64%), Bitcoin Cash ABC (-2.60%), and Ethereum (-2.24%) also saw relatively heavy losses.

Binance Coin (-1.67%), Ripple’s XRP (-1.82%), and Tron’s TRX (-1.56%) saw relatively modest losses on the day.

Through the start of the week, the total crypto market cap fell from a Monday high $246.9bn to a low $237.75bn before support kicked in. At the time of writing, the total market cap stood at $239.25bn.

Bitcoin’s dominance held onto 66% levels on the day, in spite of the heavy loss. Trading volumes fell back to sub-$70bn levels after having recovered from $61bn levels from last week.

This Morning

At the time of writing, Bitcoin was up by 0.18% to $8,753.7. A mixed start to the day saw Bitcoin fall to an early morning low $8,726.7 before striking a high $8,759.9.

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

Elsewhere, Bitcoin Cash ABC (-0.49%), Tron’s TRX (-0.21%), and Binance Coin (-0.07%) saw red early on.

It was green for the rest of the pack, with EOS (+0.86%) and Stellar’s Lumen (+0.78%) leading the way early on.

Bitcoin Cash SV (+0.36%), Ethereum (+0.43%), Litecoin (+0.12%), and Ripple’s XRP (+0.17%) saw modest gains in the 1st hour.

BTC/USD 12/11/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,820 levels to support a run at the first major resistance level at $9,025.30.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels.

Barring a broad-based crypto rally on the day, Bitcoin would likely come up short of Monday’s high $9,108.5.

Failure to move through to $8,820 levels could see Bitcoin slide back into the red.

A fall back to sub-$8,700 levels would bring the first major support level at $8,533.30 into play before any recovery.

Barring a crypto meltdown, however, Bitcoin should steer well clear of sub-$8,500 levels.