The Crypto Daily – Movers and Shakers – 16/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rose by 0.42% on Wednesday. Consolidating the 8.36% rally from Tuesday, Bitcoin ended the day at $8,807.7.

A choppy start to the day saw Bitcoin fall from an early high $8,859.7 to a mid-morning intraday low $8,560.1.

Steering clear of the first major support level at $8,302.6, Bitcoin bounced back to an early afternoon intraday high $8,731.1.

Falling short of the first major resistance level at $9,035.8, Bitcoin slipped into the red before finding late support.

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

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.

Bitcoin Cash SV led the way down, sliding by 25.95% after Tuesday’s whopping 145% rally.

Bitcoin Cash ABC (-3.50%), EOS (-0.67%), Litecoin (-0.48%), and Ripple’s XRP (-0.06%) also saw red.

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

Monero’s XMR led the way, rallying by 8.89%.

Binance Coin (+6.20%), Ethereum (+0.33%), Stellar’s Lumen (+4.29%), and Tron’s TRX (+3.70%) also found strong support.

Through the current week, the crypto total market cap rose from a low $215.38 to a current week high $244.24bn on Tuesday. A pullback in the early hours of this morning, however, saw the market cap fall back to sub-$240bn levels. At the time of writing, the total market cap stood at $235.22bn.

Bitcoin’s dominance moved back through to 66% levels after the mixed day on Wednesday and heavy losses this morning. Trading volumes continued to rise, hitting $177bn levels on Wednesday before easing back. At the time of writing, 24-hr volumes stood at $137.03bn.

This Morning

At the time of writing, Bitcoin was down by 1.75% to $8,653.7. A bearish start to the day saw Bitcoin slide from an early morning high $8,839.9 to a low $8,600.0.

Steering clear of the major resistance levels, Bitcoin tested the first major support level at $8,621.1 early on.

Elsewhere, it was a sea of red across the crypto-board, with Bitcoin Cash SV sliding by 6.75% to lead the way.

Binance Coin (-4.97%), Bitcoin Cash ABC (-4.86%), Monero’s XMR (-4.78%), Stellar’s Lumen (-4.24%), and Tron’s TRX (-4.77%) also saw heavy losses.

Ethereum (-2.95%), EOS (-3.90%), Litecoin (-3.22%), and Ripple’s XRP (-3.42%) saw more modest losses early on.

BTC/USD 16/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $8,750 to support a run at the first major resistance level at $8,933.3.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,839.9.

Barring a broad-based extended crypto rally on the day, the first major resistance level at $8,933.3 and Wednesday high $8,872.3 would likely cap any upside.

Failure to break back through to $8,746.7 could see Bitcoin fall deeper into the red.

A fall back through the first major support level at $8,621.10 would bring the second major support level at $8,434.5 into play.

Barring a crypto meltdown, however, Bitcoin should avoid sub-$8,500 levels on the day.

The Crypto Daily – Movers and Shakers – 14/01/20

Cryptomania

Bitcoin fell by 0.97% on Monday. Partially reversing a 2.01% gain from Sunday, Bitcoin ended the day at $8,095.8.

A bearish start to the day saw Bitcoin fall to from an early morning intraday high $8,199.7 to a mid-morning intraday low $8,054.4.

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

Through the 2nd half of the day, Bitcoin struck a high $8,159.9 before easing back to sub-$8,100 levels.

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

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.

Bitcoin Cash SV bucked the trend on the day, rallying by 5.01%.

It was bearish for the rest of the pack, however, with Litecoin sliding by 3.56% to lead the way down.

EOS (-3.16%), Ethereum (-2.07%), Monero’s XMR (-2.21%), and Tron’s TRX (-2.18%) also saw relatively heavy losses.

Binance Coin (-1.17%), Bitcoin Cash ABC (-1.50%), Ripple’s XRP (-1.84%), and Stellar’s Lumen (-1.89%) saw more modest losses.

Through the start of the week, the crypto total market cap eased back from $218bn levels to a day low $215.38 before support kicked in. At the time of writing, the total market cap stood at $224.08bn.

Bitcoin’s dominance held onto 68% levels following a more modest loss on the day. Trading volumes held at sub-$80bn levels throughout the day. At the time of writing, volumes were at $84bn levels.

This Morning

At the time of writing, Bitcoin was up by 3.86% to $8,408.2. A particularly bearish start to the day saw Bitcoin rally from an early morning low $8,095.8 to a high $8,468.0.

Steering clear of the major support levels, Bitcoin broke through the day’s major resistance levels early before easing back through the third major resistance level at $8.408.57.

The breakout also saw Bitcoin break back through the 23.6% FIB of $8,200.

Elsewhere, it was also a bullish start, with Bitcoin Cash SV surging by 10.87% to lead the way.

Litecoin (+6.25%), Bitcoin Cash ABC (+4.94%), and EOS (+3.96%) also saw solid gains early on.

Stellar’s Lumen (+1.97%) and Tron’s TRX (+1.59%) trailed the back early on.

BTC/USD 14/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to break back through the third major resistance to support a run at the $8,500.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,468.0.

Barring a broad-based extended crypto rally on the day, resistance at $8,500 would likely cap any upside once more.

Failure to break through the third major resistance level could see Bitcoin give up some of the early gains.

A fall back through to sub-$8,120 levels would bring the first major support level at $8,033.03 into play.

Barring a crypto meltdown, however, Bitcoin should avoid sub-$8,000 levels and the second major support level at $7,970.27.

The Crypto Daily – Movers and Shakers – 09/01/20

Bitcoin and Litecoin over dollar banknotes.

Bitcoin fell by 1.49% on Wednesday. Partially reversing a 5.09% rally from Tuesday, Bitcoin ended the day at $8,036.8.

A bullish start to the day saw Bitcoin rally to an early morning intraday high $8,442.0 before hitting reverse.

Bitcoin broke through the 23.6% FIB of $8,200 and the first major resistance level at $8,328.97.

On the reverse, Bitcoin slid to a late intraday low $7,877.6 before finding support.

Steering clear of the first major support level at $7,860.57, Bitcoin recovered to $8,000 levels to limit the loss.

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

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.

Bitcoin Cash SV (+0.04%) and Monero’s XMR (+1.47%) bucked the trend on the day.

It was bearish for the rest of the majors.

Binance Coin (+-3.39%), EOS (-2.72%), Litecoin (-2.33%), Ripple’s XRP (-2.88%), Stellar’s Lumen (-2.51%), and Tron’s TRX (-2.84%) also saw heavy losses.

Bitcoin Cash ABC (-1.03%) and Ethereum (-1.73%) saw more modest losses on the day.

Through the first half of the week, the crypto total market cap jumped from $197bn levels to an early Wednesday current week high $220.27bn before sliding back to $209bn levels. At the time of writing, the total market cap stood at $211.91bn.

Bitcoin’s dominance eased back to 68% levels off the back of Wednesday’s pullback. Trading volumes hit $100bn levels on Wednesday before easing back. At the time of writing, volumes were at $92bn levels.

On the News Front

Bitcoin’s visit to $8,000 levels appeared to be driven by strong demand for cryptos in response to Iran’s missile strikes on Wednesday morning.

While Bitcoin’s safe-haven status continues to be questioned, the threat of war appears to be a scenario where cryptos are favored by the markets.

Bitcoin and the likes of Litecoin joined gold and crude oil prices in a surge early on Wednesday before tensions eased.

This Morning

At the time of writing, Bitcoin was down by 0.44% to $8,001.7. A bearish start to the day saw Bitcoin fall from an early morning high $8,036.8 to a low $7,925.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.27%) and Monero’s XMR (-2.47%) joined Bitcoin in the red early on.

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

Bitcoin Cash SV (+1.00%) and Stellar’s Lumen (+1.18%) led the way early on.

BTC/USD 09/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,120 levels to support a run at the first major resistance level at $8,360.0.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,036.8.

Barring a broad-based crypto rally on the day, Bitcoin would likely come up short of $8,300 levels. Resistance at the 23.6% FIB of $8,200 would likely limit any upside.

In the event of a breakout, the first major resistance level would likely pin Bitcoin back on the day.

Failure to move through to $8,120 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $7,925.0 would bring the first major support level at $7,795.6 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of the second major support level at $7,554.4.

The Crypto Daily – Movers and Shakers – 07/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 5.35% on Monday. Following a 0.08% decline from Sunday, Bitcoin ended the day at $7,757.9.

A bullish start to the day saw Bitcoin rise from an early morning intraday low $7,358 to a late intraday high $7,785.0.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $7,477.73 and second major resistance level at $7,590.87.

The third major resistance level at $7,785 pinned Bitcoin Back late in the day.

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

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 bullish day for the majors.

Ripple’s XRP and Stellar’s Lumen led the way, rallying by 14.6% and 10.9% respectively.

Bitcoin Cash ABC (+9.7%), Monero’s XMR (+9.7%), and Tron’s TRX (+7.4%) also saw solid gains.

Binance Coin (+6.6%), Bitcoin Cash SV (+6.9%), EOS (+6.3%), Ethereum (+6.6%), and Litecoin (+5.8%) weren’t far behind.

Through the start of the week, the crypto total market cap jumped to a Monday high $208 6bn. At the time of writing, the total market cap stood at $210.05bn, with the majors seeing further upside early this morning

Bitcoin’s dominance eased back from 68% levels, with a broader market rally delivering stronger gains elsewhere on Monday. Trading volumes hit $83bn levels on Monday. At the time of writing, volumes were at $84bn levels.

This Morning

At the time of writing, Bitcoin was up by 1.44% to $7,869.3. A particularly bullish start to the day saw Bitcoin rise from an early morning low $7,758.8 to a high $7,870.0.

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

Elsewhere, Monero’s XMR (+1.36%) and Tron’s TRX (+1.41%) also found strong support early on.

Binance Coin (+0.91%), Bitcoin Cash ABC (+0.88%), Bitcoin Cash SV (+0.81%), EOS (+0.32%), Ethereum (+0.41%), Litecoin (+0.37%), and Stellar’s Lumen (+0.56%) were also saw green.

Ripple’s XRP bucked the trend early on, however, falling by 0.07%.

BTC/USD 07/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to hold onto $7,800 levels to support a run at the first major resistance level at $7,909.27.

Support from the broader market would be needed for Bitcoin to break through to $7,900 levels.

Barring an extended crypto rally on the day, resistance at $8,000 would likely limit any upside.

In the event of another broad-based crypto rally, the second major resistance level at $8,060.63 would likely provide little resistance. A visit to $8,200 levels could be on the cards before any pullback.

Failure to hold onto $7,800 levels could see Bitcoin hit reverse.

A fall through the morning low to sub-$7,630 levels would bring the first major resistance level at $7,482.27 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,400 levels.

The Crypto Daily – Movers and Shakers – 02/01/20

bitcoin with us dollars and calculator

Bitcoin rose by 0.06% on Wednesday. Following a 0.72% decline on Tuesday, Bitcoin ended the day at $7.212.7.

A mixed start to the day saw Bitcoin rise from an early intraday low $7,185.4 to an early morning high $7,256.7.

Steering clear of the major support and resistance levels, Bitcoin fell back to sub-$7,200 levels.

Through the early afternoon, Bitcoin struck an intraday high $7,285.1 before hitting reverse.

Falling short of the first major resistance level at $7,307.1, Bitcoin fell back to sub-$7,200 before finding support.

Late support delivered Bitcoin’s minor gain on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of Bitcoin continuing to hold onto $7,000 levels.

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.

Ethereum (+1.28%), Litecoin (+0.97%), and Tezos (+1.48%) led the way on Wednesday.

Binance Coin (+0.15%), Bitcoin Cash SV (+0.34%). EOS (0.60%), Ripple’s XRP (+0.10%), and Stellar’s Lumen (+0.64%) saw modest gains on the day.

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

Bitcoin Cash ABC (-0.58%) and Tron’s TRX (-0.60%) bucked the trend on the day.

Through the current week, the crypto total market cap hit a Monday high $198.27bn before sliding to a Tuesday low $190.14bn. Through Wednesday, the total market cap peaked at $193.02bn before easing back. At the time of writing, the total market cap stood at $191.20bn.

Bitcoin’s dominance continued to sit at 68% levels following relatively modest gain on Wednesday. Trading volumes hit $80bn levels on Monday before easing back to sub-$70bn levels. At the time of writing, volumes were at $61.5bn levels.

This Morning

At the time of writing, Bitcoin was down by just 0.01% to $7,212.0. A bearish start to the day saw Bitcoin fall from an early morning high $7,212.4 to a low $7,202.1.

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

Elsewhere, Tezos bucked the trend early, rising by 0.36%.

It was red for the rest of the majors, with Binance Coin (-0.27%), Bitcoin Cash SV (-0.34%), and Ethereum (-0.28%) leading the way down.

BTC/USD 02/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $7,230 levels to support a run at the first major resistance level at $7,270.07.

Support from the broader market would be needed, however, for Bitcoin to break out from $7,250 levels.

Barring a broad-based crypto rally on the day, the first major resistance level and Wednesday’s high $7,285.1 would likely limit any upside.

Failure to move through to $7,230 levels could see Bitcoin fall deeper into the red.

A fall through to morning low $7,202.1 would bring the first major support level at $7,180.37 into play before any recovery.

Barring an extended sell-off, however, Bitcoin should continue to steer clear of sub-$7,100 levels, the second major support level at $7,128.03 should limit any downside.

In the event of a sell-off, expect the third major support level at $7,028.33 to come into play.

The Crypto Daily – Movers and Shakers – 31/12/19

bitcoin with us dollars and calculator

Bitcoin fell by 2.09% on Monday. Reversing 1.08% gain from Sunday, Bitcoin ended the day at $7,260.9.

A bearish start to the day saw Bitcoin recover from an early dip to strike a mid-morning intraday high $7,421.7.

Falling well short of the first major resistance level at $7,539.6, Bitcoin tumbled to a mid-afternoon intraday low $7,201.3.

Bitcoin fell through the first major support level at $7,299.6 before recovering to $7,297 levels.

The first major support level pinned Bitcoin back from a return to $7,300 levels late in the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of Bitcoin continuing to hold onto $7,000 levels.

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.

Tezos bucked the trend on Monday, rising by 1.19%.

It was a bearish day for the rest of the pack, however, with Bitcoin Cash SV sliding by 3.66% to lead the way down.

Binance Coin (-1.85%), EOS (-2.37%), Ethereum (-2.39%), Litecoin (-1.88%), Ripple’s XRP (-1.78%), Tron’s TRX (-2.53%), and also saw heavy losses.

Bitcoin Cash ABC (-0.97%) and Stellar’s Lumen (-1.09%) saw relatively modest losses on the day.

Through the start of the week, the crypto total market cap hit a Monday high $198.27bn before falling to a Monday low $193.13bn. At the time of writing, the total market cap stood at $193.0bn.

Bitcoin’s dominance continued to sit at 68% levels in spite of the Monday loss. Trading volumes hit $80bn levels before easing back. At the time of writing, volumes were at $76bn levels.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $7,249.0. A relatively bearish start to the day saw Bitcoin fall to an early morning low $7,215.9 before striking a high $7,276.2.

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

Elsewhere, it was a mixed start to the day, with Bitcoin Cash SV (+0.66%), EOS (+0.19%), Litecoin (+0.12%), and Ripple’s XRP (+0.04%) finding early support.

It was bearish for the rest of the pack, however, with, Tezos sliding by 1.59% to lead the way down.

Binance Coin (-0.34%), Bitcoin Cash ABC (-0.17%), Ethereum (-0.09%), Stellar’s Lumen (-0.30%), and Tron’s TRX (-0.22%) also joined Bitcoin in the red.

BTC/USD 31/12/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through $7,295 levels to support a run at the first major resistance level at $7,387.97.

Support from the broader market would be needed, however, for Bitcoin to break back through to $7,300 levels.

Barring a broad-based crypto rally on the day, the first major resistance level and Monday’s high $7,421.7 would likely limit any upside.

Failure to move back through to $7,295 levels could see Bitcoin slide deeper into the red.

A fall through to Monday’s low $7,201.3 would bring the first major support level at $7,167.57 into play before any recovery.

Barring an extended sell-off, however, Bitcoin should steer clear of sub-$7,100 levels and the second major support level at $7,074.23.

The Crypto Daily – Movers and Shakers – 26/12/19

Crypto00 567

Bitcoin fell by 0.78% on Wednesday. Following on from a 0.96% decline on Tuesday, Bitcoin ended the day at $7,220.1.

A relatively range-bound start to the day saw Bitcoin recover from a mid-morning low $7,222.7 to a morning high $7,289.4.

Steering clear of the major resistance levels, Bitcoin slid to a late afternoon intraday low $7,113.2.

Bitcoin fell through the first major support level at $7,157.67 before striking a late afternoon intraday high $7,294.2.

Falling short of the first major resistance level at $7,420.57, Bitcoin fell back to close out the day in the red.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of Bitcoin continuing to hold onto $7,000 levels.

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.

Tezos slid by 5.81% to lead the way down.

Binance Coin (-2.10%), EOS (-2.36%), Ethereum (-2.12%), and Tron’s TRX (-2.22%) also saw relatively heavy losses.

Bitcoin Cash ABC (-1.18%), Bitcoin Cash SV (-0.97%), Litecoin (-0.62%), Ripple’s XRP (-1.11%), and Stellar’s Lumen (-1.17%) saw more modest losses on the day.

Through the early part of the week, the crypto total market cap hit a Monday high $200.48bn before sliding to a low $190.10bn on Wednesday. At the time of writing, the total market cap stood at $191.85bn.

Bitcoin’s dominance continued to sit at 68% levels on Wednesday. Trading volumes hit $90bn levels on Monday before easing back to sub-$70bn levels.

This Morning

At the time of writing, Bitcoin was up by 0.08% to $7,225.8. A range-bound start to the day saw Bitcoin rise from an early morning low $7,220.0 to a high $7,232.7.

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

Elsewhere, Binance Coin (+0.07%), Bitcoin Cash SV (+0.64%), EOS (+0.06%), Ripple’s XRP (+0.16%), and Tezos (+0.03%) also saw green.

Ethereum (-0.02%), Litecoin (-0.42%), Stellar’s Lumen (-0.56%), and Tron’s TRX (-0.36%) struggled, however.

BTC/USD 26/12/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$7,210 levels to support a run at the first major resistance level at $7,305.13.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $7,294.2

Barring an extended rally throughout the day, resistance at $7,300 would likely continue to cap any upside on the day.

Failure to steer clear of sub-$7,210 levels could see Bitcoin hit reverse.

A fall back through to sub-$7,200 levels would bring the first major support level at $7,124.13 into play.

Barring a broad-based sell-off, however, Bitcoin should steer clear of the second major support level at $7,028.17.

The Crypto Daily – Movers and Shakers -24/12/19

cryptocurrency Silver and gold Bitcoin,litecoin,ethereum on dollar banknote on golden table,Virtual Digital money on blockchain concept.financial business.crypto currency mining.

Bitcoin slid by 2.5% on Monday. Partially reversing a 5.14% rally from Sunday, Bitcoin ended the day at $7,347.4.

A mixed start to the day saw Bitcoin fall from an early morning high $7,681.0 to a mid-morning low $7,485.0.

Bitcoin broke through the first major resistance level at $7,662.2, whilst steering clear of the major support levels.

Finding support through the early afternoon, Bitcoin rallied to a mid-afternoon intraday high $7,715.1 before hitting reverse.

Bitcoin broke back through the first major resistance level before sliding to a late intraday low $7,282.4.

Finding support at the first major support level at $7,287.2, Bitcoin moved back to $7,300 levels to limit the loss on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of Bitcoin’s hold onto $7,000 levels.

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.

Tezos bucked the trend on the day once more, rising by 3.10%.

It was a bearish session for the rest of the pack, with Tron’s TRX sliding by 8.63% to lead the way down.

Binance Coin (-3.84%), Bitcoin Cash ABC (-4.25%), Ethereum (-3.49%), Litecoin (-3.13%), Ripple’s XRP (-3.45%), and Stellar’s Lumen (-5.32%) also saw heavy losses.

Bitcoin Cash SV (-2.53%) and EOS (-0.97%) saw relatively modest losses on the day.

Through the start of the week, the crypto total market cap hit a Monday high $200.48bn before sliding to a day low $192.87bn. At the time of writing, the total market cap stood at $192.80bn.

Bitcoin’s dominance held onto 68% levels on Monday. Trading volumes hit $90bn levels before easing back in what was a choppy day for the majors.

This Morning

At the time of writing, Bitcoin was down by 0.17% to $7,335.2. A range-bound start to the day saw Bitcoin fall from an early morning high $7,347.4 to a low $7,315.5 before finding support.

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 (+0.77%) and Binance Coin (+0.27%) led the way up, while Tron’s TRX (-0.99%) and Tezos (-0.78%) led the way down.

It was flat for the rest of the pack through the early morning.

BTC/USD 24/12/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $7,450 levels to support a run at the first major resistance level at $7,614.2.

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

Barring an extended rally throughout the day, resistance at $7,500 would likely cap any upside on the day.

Failure to move through to $7,450 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $7,315.5 would bring the first major support level at $7,181.5 into play.

Barring a broad-based sell-off, however, Bitcoin should steer clear of the second major support level at $7,015.60.

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

Crypto00 567

Bitcoin rallied by 9.89% on Wednesday. Reversing a 3.75% slide from Tuesday, Bitcoin ended the day at $7,326.2.

A mixed start to the day saw Bitcoin fall from an early morning high $6,756.8 to an early afternoon intraday low and new swing lo $6,477.0.

Bitcoin fell through the first major support level at $6,534.07 before rebounding to a late intraday high $7,482.2.

Bitcoin broke through the major resistance levels before easing back through the third major resistance level at $7,457.03.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of Bitcoin’s return to $7,000 levels.

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 particularly bullish day for the majors.

EOS, Binance Coin, and Litecoin led the way, surging by 11.71%, 10.36% and by 10.28% respectively.

Bitcoin Cash ABC (+6.29%), Bitcoin Cash SV (+7.35%), Ethereum (+9.07%), Ripple’s XRP (+6.98%), Stellar’s Lumen (+7.85%) and Tron’s TRX (+7.33%) also saw solid gains.

Tezos trailed the pack on the day, with a more modest 2.53% gain.

Through the start of the week, the crypto total market cap rose to a Monday high $195.00bn before sliding to a low $175.14bn on Wednesday. At the time of writing, the total market cap stood at $192.36bn.

Bitcoin’s dominance held onto 68% levels on Wednesday, supported by the solid gain on the day. Trading volumes were also on the rise, with volumes hitting $100bn levels as sidelined investors returned.

This Morning

At the time of writing, Bitcoin was down by 1.61% to $7,208.4. A mixed start to the day saw Bitcoin rise to an early morning high $7,417.1 before sliding to a low $7,174.1.

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

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

Binance Coin (-2.78%), Ethereum (-3.02%), and Ripple’s XRP (-2.80%) led the way down.

EOS (-1.00%) and Tezos (-0.25%) saw relatively modest losses in the early part of the day.

BTC/USD 19/12/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$7,100 levels support a run at the first major resistance level at $7,713.27.

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

Barring a broad-based crypto rebound, resistance at $7,500 would likely pin Bitcoin back for a 2nd consecutive day.

Failure to steer clear of sub-$7,100 levels could see Bitcoin eat into Wednesday’s gain.

A fall through to sub-$7,090 levels would bring the first major support level at $6,708.07 into play.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of sub-$6,700 levels.

The Crypto Daily – Movers and Shakers -17/12/19

Cryptomania

Bitcoin slid by 3.16% on Monday. Following on from last week’s 5.45% decline, Bitcoin ended the day at $6,926.6.

A mixed start to the day saw Bitcoin fall to a late morning low $7,087.0 before striking an early afternoon intraday high $7,196.0.

Falling short of the first major resistance level at $7,237.03, Bitcoin tumbled to a late intraday low $6,900.0.

Bitcoin fell through the first major support level at $7,056.13 and the second major support level at $6,959.57.

While finding support late on, Bitcoin failed to break back through the second major support level.

Bitcoin last ended the day at sub-$7,000 levels back on 24th November.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin back at sub-$7,000 levels.

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.

Litecoin led the way down on Monday, sliding by 8.13%, with EOS (-7.48%), Ethereum (-7.04%), and Stellar’s Lumen (-7.22%) close behind.

Binance Coin (-6.54%), Bitcoin Cash ABC (-5.53%), Bitcoin Cash SV (-4.32%), and Ripple’s XRP (-5.33%) also saw relatively heavy losses.

Tezos saw a more modest 0.39% loss on the day.

Through Monday, the crypto total market cap rose to a high $195.00bn before sliding to a low $186.98bn. At the time of writing, the total market cap stood at $187.06bn.

Bitcoin’s dominance recovered to 67% levels on the day, with Bitcoin seeing modest losses relative to the rest of the majors. Trading volumes were also on the rise, with volumes up from sub-$60bn levels to $70bn levels.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $6,909.9. A mixed start to the day saw Bitcoin rise to an early morning high $6,947.2 before falling to a low $6,904.0.

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

Elsewhere, the top 10 newcomer Tezos bucked the trend early on, rallying by 4.02%.

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

Ripple’s XRP led the way down, sliding by 4.55%. Stellar’s Lumen and Binance Coin were also deep in the red, with losses of 2.72% and 2.44% respectively.

Bitcoin Cash SV (-0.82%), EOS (-1.37%), Ethereum (-0.81%), Litecoin (-0.88%), and Tron’s TRX (-0.86%) also struggled.

Bitcoin Cash ABC saw a relatively modest 0.3% loss early on in the day.

BTC/USD 17/12/19 Daily Chart

For the Bitcoin Day Ahead

A move back through to $7,000 levels would support a run at the first major resistance level at $7,115.07.

Support from the broader market would be needed, however, for Bitcoin to break out from $7,000 levels.

Barring a broad-based crypto rally, the first major resistance level at $7,115.07 would likely limit any upside on the day.

Failure to move back through to $7,000 levels could see Bitcoin struggle on the day.

A fall back through the morning low $6,904.0 would bring the first major support level at $6,819.07 into play.

Barring another crypto meltdown, however, Bitcoin should continue to steer clear of sub-$6,800 levels.