The Crypto Daily – Movers and Shakers – 27/02/20

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

Bitcoin tumbled by 5.51% on Monday. Following on from a 3.58% slide on Tuesday, Bitcoin ended the day at $8.813.2.

A choppy start to the day saw Bitcoin rise to an early morning high $9,385.9 before hitting reverse.

Falling short of the first major resistance level at $9,595.8, Bitcoin slid to a late afternoon intraday low $8,652.7.

The reversal saw Bitcoin fall through the 38.2% FIB of $9,260, the first major support level at $9,155.30, and the second major support level at $8,983.10.

Steering clear of the third major support level at $8,542.60, Bitcoin recovered to $8,800 levels to limit the loss on the day.

In spite of the recovery, however, Bitcoin failed to break back through the second major support level.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 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 yet another bearish day for the crypto majors.

Bitcoin Cash SV (-13.58%), Cardano’s ADA (-12.39%), EOS (-13.10%), Litecoin (-14.81%), and Tron’s TRX (-13.26%) saw the heaviest losses on the day.

Binance Coin (-7.88%), Bitcoin Cash ABC (-8.85%), Ethereum (-9.25%), Monero’s XMR (-7.56%), Ripple’s XRP (-9.15%), and Stellar’s Lumen (-7.57) also saw heavy losses.

Tezos saw a modest loss on the day, falling by just 1.79%.

Through the first half of the week, the crypto total market cap rose to a Monday high $285.11bn before hitting a Thursday low $241.84bn. At the time of writing, the total market cap stood at $245.37bn.

Bitcoin’s dominance was on the rise in the week. At the time of writing, Bitcoin’s dominance stood at 64.5%, up from sub-63% levels earlier in the day on Monday.

Trading volumes recovered from sub-$160bn levels to hit a current week high $196.34bn on Thursday morning. At the time of writing, 24-hr volumes stood at $192.17bn.

This Morning

At the time of writing, Bitcoin was down by 1.06% to $8,719.4. A bearish start to the day saw Bitcoin fall from an early morning high $8,810.0 to a low $8,555.0.

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

Elsewhere, it was a mixed start to the day for the majors.

Bitcoin Cash ABC (+0.58%), Bitcoin Cash SV (+2.86%), EOS (+1.03%), Ripple’s XRP (+0.53%), Tezos (+1.78%), and Tron’s TRX (+1.83%) found early support.

It was bearish for the rest of the pack, however, with Stellar’s Lumen (-1.98%) Ethereum (-1.93%, and Monero’s XMR (-2.13%) leading the way down.

BTC/USD 27/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $8,950 levels to bring the first major resistance level at $9,248.50 into play.

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

Barring a broad-based crypto recovery, resistance at $9,000 would likely pin Bitcoin back on the day.

In the event of a crypto rally, the first major resistance level at $9,248.50 and 38.2% FIB of $9,260 would likely cap any upside.

Failure to move back through to $8,950 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $8,555.0 would bring the first major support level at $8,515.3 back into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,217.4 and the 23.6% FIB of $8,200.

The Crypto Daily – Movers and Shakers – 25/02/20

Bitcoin and Litecoin over dollar banknotes.

Bitcoin slid by 3.11% on Monday. Reversing a 3.33% gain from Sunday, Bitcoin ended the day at $9,674.1

A bearish start to the day saw Bitcoin slide from an early morning intraday high $10,022 to a late afternoon intraday low $9,441.2.

Bitcoin fell through the first major support level at $9,763.0 and the second major support level at $9,541.0.

Finding support late in the day, Bitcoin moved back through the second major support level to wrap up the day at $9,600 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 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 start to the week for the crypto majors.

Tezos led the way down, sliding by 9.69%, with Monero’s XMR down by 7.11%.

Bitcoin Cash ABC (-6.24%), Bitcoin Cash SV (-5.53%), EOS (-6.10%), Litecoin (-5.31%), Stellar’s Lumen (-5.82%), and Tron’s TRX (-6.94%) also saw heavy losses.

Binance Coin (-3.62%), Cardano’s ADA (-4.28%), Ethereum (-3.69%), and Ripple’s XRP (-4.65%) saw relatively modest losses on the day.

Through the start of the week, the crypto total market cap rose to a Monday high $285.11bn before hitting a low $275.54bn. At the time of writing, the total market cap stood at $277.56bn.

Bitcoin’s dominance was on the rise at the start of the week. At the time of writing, Bitcoin’s dominance stood at 63.1%, up from sub-63% levels earlier in the day on Monday.

Trading volumes hit $162bn levels seen on Monday before easing back. At the time of writing, 24-hr volumes stood at $152.20bn.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $9,595.1. A bearish start to the day saw Bitcoin fall from an early morning high $9,674.9 to a low $9,570.8.

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

Elsewhere, it was another bearish start to the day for the majors.

Tezos led the way down, sliding by 4.46%. Bitcoin Cash SV (-2.47%), Bitcoin Cash ABC (-2.12%), and Stellar’s Lumen (-2.19%) also struggled early on.

BTC/USD 25/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,715 levels to bring the first major resistance level at $9,983.67 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,900 levels.

Barring a broad-based crypto rebound, resistance at $9,800 would likely leave Bitcoin short of the first major resistance level at $9,983.67.

Failure to move back through to $9,715 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,570.8 would bring the first major support level at $9,402.87 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the 38.2% FIB of $9,260.

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

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin slid by 5.81% on Wednesday. Reversing a 4.86% rally from Tuesday, Bitcoin ended the day at $9,592.3.

It was a mixed start to the day. Bitcoin recovered from a mid-morning low $10,032.00 to strike a late afternoon intraday high $10,310.00, before hitting reverse.

Falling well short of the first major resistance level at $10,426.70, Bitcoin tumbled to a late intraday low $9,290.00.

Bitcoin fell through the first major support level at $9,789.6 and the second major support level at $9,395.2.

Holding above the 38.2% FIB of $9,260, Bitcoin recovered to $9,600 levels before falling back to sub-$9,600 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 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 crypto majors.

Tezos bucked the trend on the day, rising by 3.22%.

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

EOS led the way down, sliding by 13.48%, with Tron’s TRX (-10.27%) and Monero’s XMR (-9.69%) close behind.

Binance Coin (-7.21%), Bitcoin Cash ABC (-8.57%), Bitcoin Cash SV (-8.08%), Cardano’s ADA (-8.89%), Ethereum (8.71%), Litecoin (-8.65%), Ripple’s XRP (-8.01%), and Stellar’s Lumen (-8.04%) also saw the deep red.

Through the start of the week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. Wednesday’s sell-off saw the total market cap fall back to $279bn levels. At the time of writing, the total market cap stood at $279.22bn.

Bitcoin’s dominance picked up on Wednesday, following Bitcoin’s more modest loss on Wednesday. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% on the day.

Trading volumes eased further back from $196bn levels seen on Monday to sub-$160bn levels on Wednesday. At the time of writing, 24-hr volumes stood at $162.20bn.

This Morning

At the time of writing, Bitcoin was up by 0.45% to $9,635.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,571.1 before rising to a high $9,640.9.

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

Elsewhere, it was a bullish start to the day. Stellar’s Lumen and Tezos were up by 2.27% and 2.74% to lead the way.

Tron’s TRX trailed the pack, rising by just 0.03%.

BTC/USD 20/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $9,730 levels to bring the first major resistance level at $10,171.53 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels.

Barring a broad-based crypto rebound, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, Bitcoin could revisit $10,300 levels before any pullback.

Failure to move through to $9,730 levels could see Bitcoin fall back into the red.

A fall through the morning low $9,571.1 to sub-$9,400 levels would bring the first major support level at $9,151.53 into play.

Barring an extended crypto sell-off, however, the 38.2% FIB of $9,260 should limit any downside on the day.

The Crypto Daily – Movers and Shakers – 18/02/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 2.19% on Monday. Reversing a 0.26% gain from Sunday, Bitcoin ended the day at $9,708.00.

A bearish start to the day saw Bitcoin slide from an early morning intraday high $9,969.2 to an early afternoon intraday low $9,501.5.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,706.40.

Finding support in the late afternoon, Bitcoin wrapped up the day at $9,700 levels, following a final hour recovery from sub-$9,700 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 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 crypto majors.

Binance Coin (+0.34%), Bitcoin Cash SV (+9.01%), and Ethereum (+3.65%) bucked the trend on the day.

It was bearish for the rest of the pack at the start of the week.

Cardano’s ADA (-2.15%), Monero’s XMR (-7.12%), Stellar’s Lumen (-2.93%), Tezos (-2.69%), and Tron’s TRX (-2.21%) saw the heaviest losses on the day.

Bitcoin Cash ABC (-1.61%), Litecoin (-1.63%), and Ripple’s XRP (-1.85%) also struggled, while EOS fell by just 0.68%.

Through the start of the week, the crypto total market cap fell from a Monday high $288.36bn to a low $273.33bn before support kicked in. At the time of writing, the total market cap stood at $283bn.

Bitcoin’s dominance fell back to 62% levels at the start of the week, with Bitcoin taking a hit on Monday. At the time of writing, Bitcoin’s dominance stood at 62.3%.

Trading volumes picked up, rising from sub-$180bn to $196bn levels on Monday. At the time of writing, 24-hr volumes stood at $180.75bn.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $9,677.8. A bearish start to the day saw Bitcoin fall from an early morning high $9,725.0 to a low $9,669.1.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (+0.21%) and Stellar’s Lumen (+0.68%) bucked the trend early on.

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

Binance Coin (-1.74%), Bitcoin Cash SV (-1.05%), Ethereum (-1.10%), Ripple’s XRP (-1.03%) led the way down early on.

BTC/USD 18/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $9,726 levels to bring the first major resistance level at $9,950.97 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,900 levels.

Barring a broad-based crypto rebound, resistance at $9,900 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, $10,000 levels could come back into play before any pullback. We would expect Bitcoin to fall well short of the second major support level at $10,193.93, however.

Failure to move through to $9,726 levels could see Bitcoin fall deeper into the red.

A fall back through Monday’s low $9,501.5 would bring the first major support level at $9,483.27 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,400 levels on the day.

The Crypto Daily – Movers and Shakers – 13/02/20

Cryptomania

Bitcoin rose by 0.89% on Wednesday. Following on from a 4.01% rally on Tuesday, Bitcoin ended the day at $10,338.0.

A relatively bullish start to the day saw Bitcoin rise to mid-morning intraday high $10,460.0 before easing back.

Bitcoin came up against the first major resistance level at $10,468.67 before falling to a late morning intraday low $10,238.0.

Steering clear of the first major support level at $9,872.67, Bitcoin broke back through to $10,400 levels before a 2nd pullback to sub-$10,300 levels.

Late in the day, a 3rd attempt at a breakout from $10,400 also failed. Bitcoin fell back to wrap up the day at $10,300 levels.

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

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 crypto majors.

Tezos led the way once more, rallying by 13.21% off the back of Tuesday’s 11.47% rally.

Cardano’s ADA (+7.60%), Ethereum (+11.98%), Ripple’s XRP (8.26%), and Stellar’s Lumen (+7.96%) also made solid gains.

Binance Coin (+2.56%), Bitcoin Cash ABC (+2.43%), EOS (+1.47%), Litecoin (+5.94%), and Monero’s XMR (+5.92%) saw more modest gains.

Bitcoin Cash SV bucked the trend on the day, falling by 0.17%.

Through the early part of the week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Wednesday high $304.86bn. At the time of writing, the total market cap stood at $303.41bn.

Bitcoin’s dominance slipped further back from 63.3% to 62.0% at the time of writing.

Trading volumes picked up, rising to $165bn levels on Wednesday. At the time of writing, 24-hr volumes stood at $165.46bn.

This Morning

At the time of writing, Bitcoin was up by 0.13% to $10,351.0. A mixed start to the day saw Bitcoin rise from an early morning low $10,327.0 to a high $10,361.0 before easing back.

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

Elsewhere, it was a mixed start to the day.

Tezos and Bitcoin Cash SV saw red early on, with losses of 0.87% and 0.48% respectively.

It was bullish for the rest of the pack. Binance Coin and Ethereum were up by 1.43% and 1.35% respectively to lead the way.

BTC/USD 13/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $10,361 to bring the first major resistance level at $10,452.67 into play.

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

Barring another broad-based crypto rally, the first major resistance level at $10,452.67 would likely leave Bitcoin short of $10,500 levels.

In the event of another breakout, Bitcoin would eye a breakout from the second major resistance level at $10,567.33.

Failure to move back through to $10,400 levels could see Bitcoin hit reverse

A fall back through to sub-$10,345 levels would bring the first major support level at $10,230.67 into play.

Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$10,200 levels on the day.

The Crypto Daily – Movers and Shakers – 11/02/20

crypto currency mining concept

Bitcoin slid by 2.96% on Monday. Reversing a 2.77% rally from Sunday, Bitcoin ended the day at $9,851.2.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $10,187.0 before hitting reverse.

Falling short of the first major resistance level at $10,253.63, Bitcoin slid to a mid-morning intraday low $9,701.0.

Bitcoin fell through the first major support level at $9,959.73 and the second major support level at $9,768.47.

Finding support mid-morning, Bitcoin recovered to $9,995 levels before sliding back to sub-$9,900 and a range-bound 2nd half of the day.

While breaking back through the second major support level, the first major support level at $9,959.73 pinned Bitcoin back on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, 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 start to the week for the crypto majors.

Binance Coin led the way, rallying by 3.07%.

Bitcoin Cash ABC (+0.65%), Bitcoin Cash SV (+0.69%), and Tron’s TRX (+0.56%) also saw green on the day.

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

Litecoin led the way down, sliding by 4.03%.

Cardano’s ADA (-2.70%), EOS (-2.10%), Ethereum (-2.60%), Monero’s XMR (-3.73%), Ripple’s XRP (-3.16%), and Stellar’s Lumen (-3.22%) also saw heavy losses.

Tezos managed to avoid a tumble, however, with a 0.91% fall.

Through the start of the week, the crypto total market cap fell from a Monday high $290.45bn to a low $280.25bn. At the time of writing, the total market cap stood at $281.48bn.

Having fallen back from 66% to 63% levels last week, Bitcoin’s dominance slipped further back at the start of the week. At the time of writing, Bitcoin’s dominance stood at 63.3%.

Trading volumes also picked up, however, rising from sub-$140bn levels to $145bn levels on Monday. At the time of writing, 24-hr volumes stood at $145.47bn.

This Morning

At the time of writing, Bitcoin was down by 0.65% to $9,787.6. A bearish start to the day saw Bitcoin fall from an early morning high $9,858.8 to a low $9,721.0.

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

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

Bitcoin Cash ABC and Tron’s TRX led the way down, with losses of 1.82% and 1.77% respectively.

EOS saw limited losses relative to the rest of the pack, falling by just 0.78%.

BTC/USD 11/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,913 levels to bring the first major resistance level at $10,125.13 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels.

Barring a broad-based crypto rally day, the first major resistance level would likely leave Bitcoin short of Monday’s high $10,187.0.

In the event of another breakout, the second major resistance level at $10,399.07 could come into play.

Failure to move back through to $9,913 levels could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,721.0 would bring the first major support level at $9,639.13 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,700 levels on the day.

The Crypto Daily – Movers and Shakers – 06/02/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 4.51% on Wednesday. Reversing a 1.20% fall from Tuesday, Bitcoin ended the day at $9,612.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,180.2 before making a move.

Steering clear of the first major support level at $9,086.67, Bitcoin rallied to a late afternoon intraday high $9,731.9.

Bitcoin broke through the 38.2% FIB of $9,260 and the day’s major resistance levels before easing back.

The late pullback to sub-$9,700 levels saw Bitcoin fall back through the third major resistance level at $9,717.83.

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

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 crypto majors.

Bitcoin Cash ABC, Bitcoin Cash SV, and Tezos led the way, surging by 17.11%, 10.54%, and by 11.52% respectively.

Tezos returned to the top 10 after Wednesday’s rally.

Binance Coin (+6.40%), Cardano’s ADA (+6.29%), EOS (+7.18%), Ethereum (+8.37%), Litecoin (+6.97%), and Tron’s TRX (+7.61%) also found strong support.

Monero’s XMR (+4.12%), Ripple’s XRP (+3.86%), and Stellar’s Lumen (+3.32%) trailed the pack on the day.

Through the current week, the crypto total market cap rose from a Tuesday low $254.52bn to a Wednesday high $273.49bn. At the time of writing, the total market cap stood at $270.88bn.

Having fallen back from 66% levels, Bitcoin’s dominance slipped further back on Wednesday. More marked gains across the broader market pinned Bitcoin back on the day. At the time of writing, Bitcoin’s dominance stood at 64.4%.

Trading volumes also picked up, rising to $136bn levels on Wednesday. At the time of writing, 24-hr volumes stood at $136.29bn.

This Morning

At the time of writing, Bitcoin was down by 0.12% to $9,600.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,547.0 before rising to a high $9,642.6.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Tezos found support early on, with the pair up by 0.28% and 4.18% respectively.

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

Bitcoin Cash ABC (-2.17%), Litecoin (-1.17%), Monero’s XRM (-1.18%), Stellar’s Lumen (-1.44%), and Tron’s TRX (-1.43%) saw heavy losses early on.

BTC/USD 06/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through Wednesday’s high $9,731.9 to support a run at the first major resistance level at $9,835.87.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,642.6

Barring another broad-based crypto rally, resistance at $9,700 would likely leave Bitcoin short of the first major resistance level.

In the event of another breakout, $10,000 levels would likely come into play before any pullback. The second major resistance level at $10,059.73 2 would limit any upside.

Failure to move back through Wednesday’s high $9,731.9 could see Bitcoin fall deeper into the red.

A fall back through the morning low $9,547.0 to sub-$9,510 levels would bring the first major support level at $9,284.17 into play.

Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,500 on the day.

In the event of a sell-off, the 38.2% FIB of $9,260 and the first major support level should limit any downside.

The Crypto Daily – Movers and Shakers – 04/02/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 0.47% on Monday. Following on from a 0.61% decline on Sunday, Bitcoin ended the day at $9,309.3.

A bullish start to the day saw Bitcoin rally to an early morning intraday high $9,628.6 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,514.0 before sliding to a late afternoon intraday low $9,247.0.

The reversal saw Bitcoin fall through the 38.2% FIB of $9,260 before recovering to $9,350 levels.

A late pullback, however, saw Bitcoin ease back into the red.

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

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 crypto majors.

Cardano’s ADA and Monero’s XMR led the way, rallying by 2.28% and by 2.45% respectively.

Bitcoin Cash ABC (+1.99%), Bitcoin Cash SV (+1.32%), Ripple’s XRP (+1.43%) Stellar’s Lumen (+1.61%), and Tron’s TRX (+1.05%) also found strong support.

Binance Coin (+0.27%) and Ethereum (+0.64%) trailed the front runners on the day.

EOS and Litecoin bucked the trend, however, falling by 0.41% and 0.40% to join Bitcoin in the red.

Through the start of the week, the crypto total market cap rose to a Monday high $265.13bn before falling to a low $258.67bn. At the time of writing, the total market cap stood at $259.57bn.

Having fallen back from 66% levels, Bitcoin’s dominance held onto 65% levels in spite of Monday’s loss. At the time of writing, Bitcoin’s dominance stood at 65.1%.

Trading volumes also picked up, rising to $122bn levels before falling back. At the time of writing, 24-hr volumes stood at $113.02bn.

This Morning

At the time of writing, Bitcoin was up by 0.36% to $9,343.0. A bullish start to the day saw Bitcoin rise from an early morning low $9,307.4 to a high $9,359.8.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA led the way, rising by 1.11%, with EOS (+0.87%) and Stellar’s Lumen (+0.94%) close behind.

Bucking the trend early on, however, was Monero’s XRM, which was down by 0.37% at the time of writing.

BTC/USD 04/02/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,415 levels to support a run at the first major resistance level at $9,522.77.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,500 levels.

Barring another broad-based crypto rally, the first major resistance level would likely pin Bitcoin back from Monday’s high.

In the event of another breakout, the second major resistance level at $9,736.23 would likely come into play.

Failure to move back through to $9,415 levels could see Bitcoin fall back into the red.

A fall back through Monday’s low $9,307.5 would bring the first major support level at $9,201.67 into play.

Barring a crypto sell-off, however, Bitcoin should steer clear of the first major support level, however. The 38.2% FIB of $9,260 should limit any downside on the day.

The Crypto Daily – Movers and Shakers – 30/01/20

Cryptomania

Bitcoin fell by 0.99% on Wednesday. Partially reversing a 5.44% rally from Tuesday, Bitcoin ended the day at $9,300.3.

A relatively range-bound start to the day saw Bitcoin rise to an early morning high $9,436.4 before falling to a late morning intraday low $9,242.0.

Steering clear of the major support and resistance levels, Bitcoin fell through the 38.2% FIB of $9,260 before finding support.

Bitcoin bounced back to a late intraday high $9,442.3 before hitting reverse. Falling short of the first major resistance level at $9,560.97, Bitcoin fell back to sub-$9,300 levels.

A recovery to $9,300 at the day end limited, however, the downside on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upside this 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 another mixed day for the majors.

Bitcoin Cash ABC, Cardano’s ADA and Monero’s XMR bucked the trend, with gains of 0.35%, 0.54%, and 2.69% respectively.

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

Bitcoin Cash SV led down, sliding by 3.71%.

Binance Coin (-1.05%), EOS (-2.17%), Ethereum (-1.40%), Litecoin (-1.65%), and Ripple’s XRP (-1.64%) also struggled.

Stellar’s Lumen and Tron’s TRX saw more modest losses of 0.52% and 0.10% respectively.

Through the 1st half of the week, the crypto total market cap rose from a Monday low $237.76bn to a Wednesday high $257.94bn. At the time of writing, the total market cap stood at $253.17bn.

Bitcoin’s dominance held onto 66% levels supported by the solid gains from the start of the week.

Trading volumes also picked up, rising from sub-$80bn levels on Sunday to $126bn levels on Wednesday before easing back. At the time of writing, 24-hr volumes stood at $114.55bn.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $9,287.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,335.5 before falling to a low $9,205.0.

Coming up short of the first major resistance level at $9,414.33, Bitcoin fell through the 38.2% FIB of $9,260 and the first major support level at $9,214.23.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.60%), Cardano’s ADA (+0.87%), and EOS (+0.43%) found early support.

It was a bearish start for the rest of the pack, however. Tron’s TRX was down by 1.93% to lead the way down.

Bitcoin Cash ABC (-1.53%), Monero’s XMR (-0.92%), Ripple’s XRP (-1.18%), and Stellar’s Lumen (-1.09%) also struggled.

BTC/USD 30/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $9,335.5 to support a run at the first major resistance level at $9,414.33.

Support from the broader market would be needed, however, for Bitcoin to break through to $9,400 levels.

Barring a broad-based crypto rally, Wednesday’s high $9,442.3 and the first major resistance level would likely cap any upside.

In the event of another breakout, the second major resistance level at $9,528.37 will likely come into play.

Failure to move back through the morning high $9,335.5 could see Bitcoin fall deeper into the red.

A fall back through the 38.2% FIB of $9,260 would bring the first major support level at $9,214.23 back into play.

Barring a crypto meltdown, however, Bitcoin should steer well clear of sub-$9,000 levels. The second major support level at $9,128.17 should limit any downside on the day.

The Crypto Daily – Movers and Shakers – 28/01/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 3.37% on Monday. Following on from a 3.21% gain from Sunday, Bitcoin ended the day at $8,912.0.

A mixed start to the day saw Bitcoin fall from $8,700 levels to a late morning intraday low $8,585.0.

Steering clear of the first major support level at $8,404.47, Bitcoin rallied to a late intraday high $9,001.9.

Bitcoin broke through the first major resistance level at $8,735.07 and the second major resistance level at $8,848.63.

Coming up short of the third major resistance level at $9,179.23, Bitcoin eased back to $8,900 levels late on.

It was Bitcoin’s first visit to $9,000 since 19th January. Bitcoin has found support as the coronavirus spreads and the death toll rises. Outperforming the more traditional safe havens, greater accessibility to the crypto market is leading to greater inflows at the time of strife. With Bitcoin demand on the rise, we have also seen the other crypto majors benefit as riskier assets take a hit.

This was the 2nd time this year that Bitcoin and the broader crypto market have seen such demand. Earlier in the month, rising tensions between the U.S and Iran had led to a sharp spike…

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the bullish start to 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 bullish day for the majors.

Bitcoin Cash SV and EOS led the way, surging by 8.60% and by 8.64% respectively.

Bitcoin Cash ABC (+3.91%), Cardano’s ADA (+7.00%), and Litecoin (+4.19%) also saw solid gains.

Binance Coin (+0.92%), Ethereum (+1.31%), Monero’s XMR (+1.78%), Stellar’s Lumen (+1.87%), and Tron’s TRX (+1.09%) saw modest gains on the day.

Ripple’s XRP bucked the trend on Monday, however, falling by 0.26%.

Through the start of the week, the crypto total market cap rose from a Monday low $237.76bn to a high $247.4bn. At the time of writing, the total market cap stood at $245.47bn.

Bitcoin’s dominance held onto 66% levels supported by the solid gain at the start of the week.

Trading volumes also picked up, rising from sub-$80bn levels on Sunday to $106bn levels on Monday. At the time of writing, 24-hr volumes stood at $106.88bn.

This Morning

At the time of writing, Bitcoin was up by 0.35% to $8,943.0. A bullish start to the day saw Bitcoin rise from an early morning low $8,912.0 to a high $8,945.0.

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

Elsewhere, it was also a bullish start to the day, with Bitcoin Cash SV (+3.62%) and Bitcoin Cash ABC (+1.64%) leading the way.

BTC/USD 28/01/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through Monday’s high $9,001.9 to support a run at the first major resistance level at $9,080.93.

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

Barring another broad-based crypto rally, Monday’s high and first major resistance level would likely cap any upside.

In the event of another breakout, the bulls will be targeting $9,500 levels, which would bring the second major resistance level at $9,249.87 into play.

Failure to move back through the Monday’s high $9,001.9 could see Bitcoin hit reverse.

A fall back through to sub-$8,830 levels would bring the first major support level at $8,664.03 into play.

Barring a crypto meltdown, however, Bitcoin should steer well clear of Monday’s low $8,585.0.