The Crypto Daily – Movers and Shakers – October 22nd, 2020

Bitcoin 1

Bitcoin, BTC to USD, rallied by 7.43% on Wednesday. Following on from a 1.43% gain on Tuesday, Bitcoin ended the day at $12,810.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,910.0 before making a move.

Steering clear of the first major support level at $11,733, Bitcoin rallied to a late intraday high $13,220.

Bitcoin broke through the day’s major resistance levels to visit $13,000 levels for the first time since July 2019.

A final hour pullback saw Bitcoin fall back to wrap the day at sub-$13,000 levels, however.

In spite of the pullback, Bitcoin avoided a fall back through the third major resistance level at $12,574.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 bearish day on Wednesday.

Crypto.com Coin followed a 4.65% slide from Tuesday with a 3.85% fall. Polkadot also saw red, falling by 1.52% to buck the trend on the day.

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

Litecoin and Chainlink surged by 13.14% and by 9.95% respectively to lead the way.

Bitcoin Cash ABC (+6.33%) and Ethereum (+6.16%) also found strong support on the day.

Binance Coin (+3.19%), Bitcoin Cash SV (+4.56%), and Ripple’s XRP (+3.26%) trailed the front runners on the day.

For Bitcoin, Litecoin, and the broader market, news of PayPal planning to support Bitcoin and other true cryptos with its wallet and Venmo app delivered the surge. The support of cryptos is due to take place in 2021.

In the current week, the crypto total fell to a Tuesday low $347.77bn before surging to a Wednesday high $396.52bn. At the time of writing, the total market cap stood at $382.60bn.

Bitcoin’s dominance fell to a Monday low 60.14% before rising to a Wednesday high 62.42%. At the time of writing, Bitcoin’s dominance stood at 62.34%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $12,880.0. A mixed start to the day saw Bitcoin fall to an early morning low $12,802.1 before rising to a high $12,958.0.

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

Elsewhere, it was a mixed start to the day. Crypto.com and Polkadot were down by 1.85% and by 0.11% to buck the trend early on.

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

At the time of writing, Bitcoin Cash (+3.91%) and Litecoin (+2.39%) led the way.

BTC/USD 22/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $12,647 to bring the first major resistance level at $13,383 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $13,220.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $13,500 before any pullback. The second major resistance level sits at $13,957.

Failure to avoid a fall through the $12,647 pivot would bring the first major support level at $12,703 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$12,000 levels. The second major support level sits at $11,337.

The Crypto Daily – Movers and Shakers – October 20th, 2020

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

Bitcoin, BTC to USD, rallied by 2.08% on Monday. Following on from a 1.25% gain on Sunday, Bitcoin ended the day at $11,757.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,417.0 before making a move.

Finding support at the first major support level at $11,415, Bitcoin rallied to a late afternoon intraday high $11,828.0.

Bitcoin broke through the day’s major resistance levels before a slide back to sub-$11,700 levels.

The pullback saw Bitcoin fall through the third major resistance level at $11,778.

Finding late support, however, Bitcoin briefly revisited $11,780 levels before easing back. The third major resistance level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest move back 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 on Monday.

Crypto.com Coin and Polkadot slid by7.99% and by 5.04% respectively to lead the way down.

Binance Coin (-2.44%), Bitcoin Cash SV (-0.49%) and Chainlink (-0.30%) also saw red.

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

Cardano’s ADA (+1.03%) and Ripple’s XRP (+1.42%) led the way.

Bitcoin Cash ABC (+0.59%), Ethereum (+0.21%), and Litecoin (+0.92%) saw relatively modest gains.

At the start of the week, the crypto total market fell to a Monday low $350.66bn before rising to a $361.11bn high. At the time of writing, the total market cap stood at $357.73bn.

Bitcoin’s dominance rose from a Monday low 60.14% to a Monday high 60.68%. At the time of writing, Bitcoin’s dominance stood at 60.66%.

This Morning

At the time of writing, Bitcoin was down by 0.23% to $11,729.7. A mixed start to the day saw Bitcoin rise to an early morning $11,760.0 high before falling to an $11,729.0 low.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (+0.34%) and Bitcoin Cash SV (+0.21%) bucked the trend early on.

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

At the time of writing, Crypto.com Coin was down by 2.33% to lead the way down.

BTC/USD 20/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,667 to bring the first major resistance level at $11,918 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s $11,828.0 high.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level sits at $12,078.

Failure to avoid a fall through the $11,667 pivot would bring the first major support level at $11,507 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,500 levels. The second major support level sits at $11,256.

The Crypto Daily – Movers and Shakers – October 15th, 2020

crypto currency mining concept

Bitcoin, BTC to USD, slipped by 0.02% on Wednesday. Following a 1.02% fall from Tuesday, Bitcoin ended the day at $11,440.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,500 before hitting reverse.

Coming up against resistance at $11,500, Bitcoin fell to a mid-day low $11,376.0.

Steering clear of the major support levels, Bitcoin rose to an early afternoon intraday high $11,564.0.

Coming up against the first major resistance level at $11,567, Bitcoin fell to a mid-afternoon intraday low $11,309.0.

Bitcoin fell through the first major support level at $11,325 before recovering to $11,440 levels.

The near-term bullish trend remained intact, supported by the latest move back 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 on Wednesday.

Binance Coin and Bitcoin Cash ABC rose by 0.26% and by 0.78% respectively to buck the trend.

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

Crypto.com Coin led the way down, sliding by 5.55%.

Cardano’s ADA (-2.18%), Polkadot (-1.61%), and Ripple’s XRP (-2.83%) also saw relatively heavy losses.

Bitcoin Cash SV (-0.22%), Chainlink (-0.91%), Ethereum (-0.63%), Litecoin (-0.24%) saw relatively modest losses on the day.

In the current week, the crypto total market slid to a Monday low $344.29bn before rising to a Monday high $365.23bn. At the time of writing, the total market cap stood at $351.85bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Wednesday high 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.01%.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $11,424.1. A bearish start to the day saw Bitcoin fall from an early morning high $11,440.0 to a low $11,424.1.

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

Elsewhere, it was also a bearish start to the day.

At the time of writing, Bitcoin Cash SV was down by 0.98% to lead the way down.

BTC/USD 15/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $11,438 to bring the first major resistance level at $11,566 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $11,564.0 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,693.

Failure to move back through the $11,438 pivot would bring the first major support level at $11,311 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $11,183.

The Crypto Daily – Movers and Shakers – October 13th, 2020

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

Bitcoin, BTC to USD, rose by 1.55% on Monday. Following on from a 0.68% gain on Sunday, Bitcoin ended the day at $11,560.0.

It was a bearish start to the day. Bitcoin fell to a late morning intraday low $11,111.0 before making a move.

Bitcoin fell through the first major support level at $11,293 and the second major support level at $11,200.

Finding support going into the afternoon, Bitcoin rallied to a late intraday high $11,740.0.

Bitcoin broke through the day’s major resistance levels before sliding back to sub-$11,520 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $11,715 and the second major resistance level at $11,543.

A late move back through to $11,560 levels, however, saw Bitcoin break back through the second major resistance level.

The near-term bullish trend remained intact, supported by the latest move back 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 on Monday.

Bitcoin Cash SV fell by 1.30% to buck the trend on the day.

It was a bullish day for the rest of the majors. Binance Coin and Chainlink rallied by 7.39% and by 5.20% respectively to lead the way.

Cardano’s ADA (+2.63%) and Ethereum (+3.30%) also found strong support.

Bitcoin Cash ABC (+0.71%), Crypto.com Coin (+0.13%), Litecoin, (+0.28%), Polkadot (+0.21%), and Ripple’s XRP (+0.30%) trailed the front runners.

At the start of the week, the crypto total market slid to a Monday low $346.01bn before rising to a Monday high $363.26bn. At the time of writing, the total market cap stood at $356.03bn.

Bitcoin’s dominance rose to a Monday high 59.96% before falling to a Monday low 59.65%. At the time of writing, Bitcoin’s dominance stood at 59.67%.

This Morning

At the time of writing, Bitcoin was down by 0.62% to $11,488.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,564.6 before falling to a low $11,457.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.47%), Cardano’s ADA (+0.52%), and Polkadot (+0.26%) found early support.

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

At the time of writing Crypto.com Coin was down by 0.71% to lead the way down.

BTC/USD 13/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $11,470 to bring the first major resistance level at $11,830 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $11,740.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $12,000 before any pullback. The second major resistance level sits at $12,099.

Failure to avoid a fall back through the $11,470 pivot would bring the first major support level at $11,201 into play.

Barring an extended crypto sell-off, however, Bitcoin should to steer clear of sub-$11,000 levels. The second major support level sits at $10,841.

The Crypto Daily – Movers and Shakers – October 8th, 2020

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Bitcoin, BTC to USD, rose by 0.70% on Wednesday. Partially reversing a 1.79% fall from Tuesday, Bitcoin ended the day at $10,687.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low of $10,563.0 before making a move.

Steering clear of the first major support level at $10,501, Bitcoin rose to a late intraday high $10,691.0.

Coming up short the first major resistance level at $10,773, Bitcoin eased back to end the day at $10,680 levels.

The near-term bullish trend remained intact, in spite of the pullback to sub-$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 Wednesday.

Crypto.com Coin fell by 1.27% to buck the trend on the day.

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

Bitcoin Cash SV rallied by 2.85% to lead the way.

Bitcoin Cash ABC (+1.94%), Chainlink (+2.33%), Litecoin (+1.22%), Polkadot (+2.18%), and Ripple’s XRP (+1.31%) also made solid gains.

Binance Coin (+0.02%), Cardano’s ADA (+0.97%), and Ethereum (+0.26%) saw modest gains on the day.

In the current week, the crypto total market rose to a Monday high of $338.14bn before sliding to a Wednesday low of $322.55bn. At the time of writing, the total market cap stood at $328.13bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.07%.

This Morning

At the time of writing, Bitcoin was down by 0.20% to $10,666.0. A mixed start to the day saw Bitcoin rise to an early morning high of $10,688.0 before falling to a low $10,664.2.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.08%) and Crypto.com Coin (+0.07%) avoided the red to buck the trend early on.

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

At the time of writing, Cardano’s ADA was down by 0.94% to lead the way down.

BTC/USD 08/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $10,647 to bring the first major resistance level at $10,731 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,700 levels.

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 resistance at $10,800 before any pullback. The second major resistance level sits at $10,775.

Failure to avoid a fall through the $10,647 pivot would bring the first major support level at $10,603 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,500 support levels. The second major support level at $10,519 should limit any downside.

The Crypto Daily – The Movers and Shakers – October 6th, 2020

Closeup hand holding bitcoin over the Cryptocurrency trading scr

Bitcoin, BTC to USD, rose by 1.12% on Monday. Following on from a 1.22% gain on Sunday, Bitcoin ended the day at $10,807.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $10,758.0 before hitting reverse.

Coming up against the first major resistance level at $10,753, Bitcoin slid to a mid-morning intraday low $10,637.0.

Steering clear of the first major support level at $10,581, Bitcoin rallied to a final hour intraday high $10,816.0.

Bitcoin broke back through the first major resistance level to wrap up the day at $10,800 levels.  The second major resistance level at $10,819 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, in spite of the pullback to sub-$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 start to the week.

Chainlink rallied by 2.33% to lead the way.

Cardano’s ADA (+0.65%), Crypto.com Coin (+1.02%), Ethereum (+0.37%), and Ripple’s XRP (+1.07%) also joined Bitcoin in the green.

It was a bearish start for the rest of the pack, however.

Polkadot and Binance Coin slid by 1.69% and by 1.17% respectively to lead the way down.

Bitcoin Cash ABC (-0.55%), Bitcoin Cash SV (-0.20%), and Litecoin (-0.77%) saw relatively modest losses on the day.

At the start of the week, the crypto total market fell to a Monday low $330.63bn before rising to a Monday high $335.65bn. At the time of writing, the total market cap stood at $334.56bn.

Bitcoin’s dominance fell to a Monday low 59.28% before rising to a Monday high 59.61%. At the time of writing, Bitcoin’s dominance stood at 59.58%.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $10,780.0. A mixed start to the day saw Bitcoin rise to an early morning high $10,820.0 before falling to a low $10,769.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (+0.14%), Bitcoin Cash SV (+0.78%), Crypto.com Coin (+0.47%), Polkadot (+0.17%, and Ripple’s XRP (+0.23%) found early support.

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

At the time of writing, Binance Coin was down by 0.70% to lead the way down.

BTC/USD 06/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $10,753 to bring the first major resistance level at $10,870 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $10,820.0.

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 $10,932 before any pullback.

Failure to avoid a fall through the $10,753 pivot would bring the first major support level at $10,691 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,500 support levels. The second major support level at $10,574 should limit any downside.

The Crypto Daily – Movers and Shakers – October 1st, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, fell by 0.57% on Wednesday. Partially reversing a 1.33% gain from Tuesday, Bitcoin ended the month down by 7.51% to $10,795.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $10,866.0 before hitting reverse.

Falling short of the first major resistance level at $10,945, Bitcoin slid to a late morning intraday low $10,684.0.

Bitcoin fell through the first major support level at $10,710 before striking an afternoon high $10,819.0.

A 2nd pullback, however, saw Bitcoin fall back to sub-$10,700 levels before a late move back through to $10,760 levels.

Late in the day, the first major support level at $10,710 limited the downside on the day.

The near-term bullish trend remained intact, in spite of the latest pullback. 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 Wednesday.

Binance Coin (+1.42%), Cardano’s ADA (+0.07%), Crypto.com Coin (+0.07%), and Litecoin (+1.29%) found support.

Bitcoin Cash ABC (-0.84%), Bitcoin Cash SV (-0.05%), Chainlink (-2.72%), Ethereum (-0.01%), Polkadot (-2.65%), and Ripple’s XRP (-0.28%) saw red on the day.

It was also a mixed month of September for the majors.

Binance Coin bucked the trend, rallying by 26.42%.

It was bearish for the rest of the pack, however

Chainlink (-36.68%), Litecoin (-24.08%), and Polkadot (-25.05%) led the way down.

Bitcoin Cash ABC (-16.76%), Bitcoin Cash SV (-10.55%), Cardano’s ADA (-17.39%), Crypto.com Coin (-14.99%), Ethereum (-17.05%), and Ripple’s XRP (-14.06%) also struggled.

In the current week, the crypto total market rose to a Monday high $344.32bn before falling to a Tuesday low $329.94bn. At the time of writing, the total market cap stood at $340.38bn.

Bitcoin’s dominance rose to a Monday high 59.60% before falling to a Thursday low 58.55%. At the time of writing, Bitcoin’s dominance stood at 58.63%.

This Morning

At the time of writing, Bitcoin was up by 0.20% to $10,816.1. It was a bullish start to the day. Bitcoin rose from an early morning low $10,797.0 to a high $10,849.0 before easing back.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.07%), Binance Coin (-1.08%), Crypto.com Coin (-0.52%), and Ethereum (-0.18%) saw red early on.

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

At the time of writing, Cardano’s ADA was up by 1.35% to lead the way.

BTC/USD 01/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $10,782 to bring the first major resistance level at $10,879 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $10,866.0.

Barring an extended crypto rally, the first major resistance level and resistance at $10,900 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,964 and resistance at $11,100 levels before any pullback.

Failure to avoid a fall through the $10,782 pivot would bring the first major support level at $10,697 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,600 levels. The second major support level sits at $10,600.

The Crypto Daily – Movers and Shakers – September 29th, 2020

Depositphotos_193678068_s-2019

 

Bitcoin, BTC to USD, fell by 0.83% on Monday. Reversing a 0.48% loss from Sunday, Bitcoin ended the day at $10,714.0.

It was a bullish start to the day. Bitcoin rallied to an early morning intraday high $10,986.0 before hitting reverse.

The early rally saw Bitcoin break through the first major resistance level at $10,887 and the second major resistance level at $10,970.

Hitting reverse through the rest of the day, Bitcoin slid to a final hour intraday low $10,656.2.

Finding support at the first major support level at $10,657, Bitcoin moved back through to $10,700 levels to limit the downside.

The near-term bullish trend remained intact, in spite of the latest pullback. 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.

Chainlink slid by 4.96% to lead the way down.

Bitcoin Cash SV (-1.43%), Cardano’s ADA (-1.05%), Ethereum (-1.01%), Litecoin (-1.89%), and Ripple’s XRP (-1.06%) also joined Bitcoin in the red.

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

Polkadot rallied by 3.98% to lead the way.

Binance Coin (+2.78%), Bitcoin Cash ABC (+0.08%), and Cypto.com Coin (+1.10%) also found support.

At the start of the week, the crypto total market rose to a Monday high $332.76bn before sliding to a low $322.83bn. At the time of writing, the total market cap stood at $325.10bn.

Bitcoin’s dominance rose to a Monday high 61.18% before falling to a low 60.78%. At the time of writing, Bitcoin’s dominance stood at 60.91%.

This Morning

At the time of writing, Bitcoin was up by 0.14% to $10,729.0. It was a mixed start to the day. Bitcoin fell to an early morning low $10,674.2 before rising to a high $10,745.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was down by 2.11% to buck the trend early on.

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

At the time of writing, Polkadot was up by 3.47% to lead the way.

BTC/USD 29/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $10,785 to bring the first major resistance level at $10,915 into play.

Bitcoin would need plenty of support, however, to break back through to $10,900 levels.

Barring an extended crypto rally, the second major resistance level and resistance at $11,000 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,151 before any pullback.

Failure to move through the $10,785 pivot would bring the first major support level at $10,585 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels. The second major support level sits at $10,456.

The Crypto Daily – Movers and Shakers – September 24th, 2020

crypto currency mining concept

Bitcoin, BTC to USD, fell by 2.72% on Wednesday. Reversing a 1.09% rise from Tuesday, Bitcoin ended the day at $10,263.0.

It was a mixed start to the day. Bitcoin fell from an early morning intraday high $10,555.0 to a mid-morning low $10,406.0.

Finding support at the first major support level at $10,418. Bitcoin moved back through to $10,500 levels.

Falling well short of the first major resistance level at $10,638, Bitcoin slid to a late intraday low $10,152.0.

Bitcoin fell through the first major support level at $10,418 and the second major support level at $10,288.

Finding late support a move back through to $10,260 levels reduced the deficit for the day. The second major support level at $10,288 pinned Bitcoin back, however.

The near-term bullish trend remained intact, in spite of the latest pullback. 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 bearish day on Wednesday.

Chainlink tumbled by 12.76% to lead the way down.

Binance Coin (-5.08%), Bitcoin Cash ABC (-4.68%), Cardano’s ADA (-6.04%), Ethereum (-6.86%), and Ripple’s XRP (-5.02%) also saw heavy losses.

Bitcoin Cash SV (-3.62%), Crypto.com Coin (-0.59%), Litecoin (-3.53%), and Polkadot (-1.01%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $334.04bn before sliding to a Wednesday low $300.97bn. At the time of writing, the total market cap stood at $306.27bn.

Bitcoin’s dominance fell to a Monday low 60.89% before rising to a Wednesday high 62.31%. At the time of writing, Bitcoin’s dominance stood at 62.07%.

This Morning

At the time of writing, Bitcoin was up by 0.45% to $10,309.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,222.0 before rising to a high $10,336.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.11%), Crypto.com Coin (-1.92%), and Polkadot (-0.02%) saw red early on.

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

At the time of writing, Chainlink was up by 4.30% to lead the way.

BTC/USD 24/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $10,323 pivot level to support a run at the first major resistance level at $10,495.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,400 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $10,555.0 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $10,600 before any pullback. Bitcoin would likely come up short of the second major resistance level at $10,726 however.

Failure to move back through the $10,323 pivot would bring the first major support level at $10,092 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 levels and the second major support level at $9,920.

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

Cryptomania

Bitcoin, BTC to USD, slid by 4.57% on Monday. Following on from a 1.47% decline on Sunday, Bitcoin ended the day at $10,435.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,000.0 before hitting reverse.

Falling short of the first major resistance level at $11,095, Bitcoin slid to an early afternoon intraday low $10,321.0.

Bitcoin fell through the first major support level at $10,777 and the second major support level at $10,618.

Finding late support, however, Bitcoin tested resistance at $10,500 before wrapping up the day at $10,435.0.

The near-term bullish trend remained intact, supported by the latest pullback. 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 bearish start to the week.

Cardano’s ADA and Tezos led the way down with losses of 10.73% and 11.06% respectively.

Bitcoin Cash ABC (-5.98%), EOS (-6.31%), Ethereum (-8.33%), Litecoin (-8.43%), Ripple’s XRP (-6.39%), Stellar’s Lumen (-8.98%), and Tron’s TRX (-7.76%) also saw heavy losses.

Binance Coin (-2.41%), Bitcoin Cash SV (-0.75%), and Monero’s XMR (-3.34%) saw relatively modest losses on the day.

At the start of the week, the crypto total market rose to a Monday high $334.04bn before sliding to a Monday low $306.69bn. At the time of writing, the total market cap stood at $313.92bn.

Bitcoin’s dominance fell to a Monday low 60.89% before rising to a high 62.04%. At the time of writing, Bitcoin’s dominance stood at 61.62%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $10,467.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,465.0 before rising to a high $10,488.2.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down by 0.11% to buck the trend early on.

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

At the time of writing, Tezos was up by 1.91% to lead the way.

BTC/USD 22/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,585 pivot level to support a run at the first major resistance level at $10,850.

Support from the broader market would be needed, however, for Bitcoin to break out from $10,700 levels.

Barring an extended crypto rally, resistance at $10,700 would likely leave Bitcoin short of the first major resistance level.

In the event of a crypto breakout, Bitcoin could test resistance at $11,000 before any pullback. The second major resistance level sits at $11,264.

Failure to move through the $10,585 pivot would bring the first major support level at $10,171 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 levels. The second major support level sits at $9,906.