The Crypto Daily – Movers and Shakers -15/10/19

Cryptomania

Bitcoin rose by 0.78% on Monday. Reversing a 0.19% fall from Sunday, Bitcoin ended the day at $8,370.

A mixed start to the day saw Bitcoin fall to an early morning low $8,254 before finding support.

Steering clear of the major support levels, Bitcoin struck a mid-morning high $8,343.6.

Falling well short of the first major resistance level at $8,468.47, Bitcoin fell back to a late afternoon intraday low $8,227.3.

Holding above the first major support level at $8,150.87, Bitcoin bounced back to an intraday high $8,428.2.

Bitcoin fell short of the first major resistance level for a 2nd time before sliding back to sub-$8,300 levels.

Finding late support from the broader market, Bitcoin recovered to $8,300 levels to end the day in the green.

For the bulls, the extended bullish trend remained intact in spite of hovering at sub-$9,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of green at the start of the week.

Stellar’s Lumen and Ripple’s XRP led the way on the day, with gains of 8.4% and 7.3% respectively.

Ethereum (+3.16%), Bitcoin Cash ABC (+1.90%), EOS (+1.84%), and Binance Coin (+1.20%) also found support.

Bitcoin Cash SV (+1.02%) and Litecoin (+0.71%) trailed the pack on the day.

For the day, the total crypto market cap rose from a Monday low $223.92bn to a high $228.17bn before easing back. At the time of writing, the total market cap stood at $227.13bn.

Bitcoin’s dominance continued to sit at sub-67% levels with the likes of Stellar’s Lumen and Ripple’s XRP pinning Bitcoin back.

This Morning

At the time of writing, Bitcoin was down by 0.26% to $8,347.8. A bullish start to the day saw Bitcoin rise to an early morning high $8,439.7 before falling to a low $8,344.3.

Bitcoin came within range of the first major resistance level at $8,456.37, whilst steering clear of the major support levels.

Elsewhere, Bitcoin Cash ABC and Litecoin bucked the trend early on, with gains of 0.24% and 0.23% respectively.

It was red for the rest of the pack, with EOS leading the way down, with a loss of 0.87%.

BTC/USD 15/10/19 Daily Chart

For the Bitcoin Day Ahead

For the day ahead, Bitcoin would need to steer clear of sub-$8,340 levels to support a rebound.

A move back through to $8,400 levels would bring the first major resistance level at $8,456.37 into play.

Bitcoin would need the support of the broader market, however, to break through the first major resistance level.

Barring a broad-based crypto rebound, the morning high and first major resistance level would likely cap any upside.

Failure to steer clear of sub-$8,340 levels could see Bitcoin test the first major support level at $8,255.47.

Barring an extended sell-off through the day, however, Bitcoin should steer clear of sub-$8,100 levels.

The Crypto Daily – Movers and Shakers -08/10/19

Cryptomania

Bitcoin rallied by 4.37% on Monday. Reversing a 3.43% slide from Sunday, Bitcoin ended the day at $8,227.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $7,793.2 before finding support.

Steering clear of the first major support level at $7,732.07, Bitcoin rallied to a late afternoon intraday high $8,366.1.

Bitcoin broke through the first major resistance level at $8,108,57 and the second major resistance level at $8,334.13.

Coming up against the second major resistance level, Bitcoin fell back to $8,200 levels late in the day.

Following Sunday’s first sub-$8,000 end of the day since the summer, holding onto $8,000 levels was key.

For the bulls, the extended bullish trend remained intact in spite of the latest slide to sub-$8,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to hold above the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of green for the majors at the start of the week.

EOS and Ripple’s XRP led the way, rallying by 9.56% and by 8.04% respectively.

Stellar’s Lumen and Bitcoin Cash ABC weren’t far behind, with gains of 7.87% and 7.42% respectively.

On the day, Binance Coin (6.44%), Bitcoin Cash SV (5.64%), Ethereum (5.92%), and Litecoin (5.63%) saw more modest gains.

For the bulls, the Monday rally reversed Sunday losses for a number of the majors.

On Sunday, Binance Coin (-4.32%), Litecoin (-4.17%), Ethereum (-3.70%), Bitcoin Cash SV (-2.97%), and EOS (-2.89%) had all seen heavy losses.

Through the day, the total crypto market cap recovered from a day low $213.44to a high $223.71bn before easing back. At the time of writing, the total market cap stood at $224.20bn.

Bitcoin’s dominance held back to sub-67% levels following some bullish gains across the majors.

On the news front, some degree of optimism over the SEC’s Bitwise Bitcoin ETF decision by 13th October provided support.

It’s the end of the road for the SEC, who will have to decide whether its time or not. The SEC has no further options to delay the decision.

This Morning

At the time of writing, Bitcoin was up by 0.84% to $8,295.9. A bullish start to the day saw Bitcoin rally from an early morning low $8,226.9 to a high $8,362,0 before easing back.

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

Elsewhere, Ripple’s XRP (+2.27%), Bitcoin Cash SV (+1.46%) and Ethereum (+1.40%) led the way early on.

Binance Coin (+0.29%), Bitcoin Cash ABC (+0.31%) and EOS (+0.43%) saw the most modest gains in the early hours.

BTC/USD 08/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $8,362 to support a run at the first major resistance level at $8,464.33.

Support would be needed from the broader market, however, for Bitcoin to break out from $8,300 levels.

Barring an extended broad-based crypto rally, we would expect resistance at $8,400 to cap any upside.

Failure to move back through the morning high $8,362 could pressure Bitcoin and the broader market.

A fall back through the morning low $8,226.0 would bring sub-$8,100 levels into play before any recovery.

Barring a crypto meltdown later in the day, we would expect Bitcoin to steer clear of the first major support level at $7,891.43.

The Crypto Daily – Movers and Shakers -03/10/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rose by 0.97% on Wednesday. Following a 0.03% decline on, Bitcoin ended the day at $8,414.9.

A bearish start to the day saw Bitcoin slide to a mid-morning intraday low $8,193.

Finding support at the first major support level at $8,195.5, Bitcoin recovered to $8,300 levels by mid-day.

Falling well short of the major resistance levels, Bitcoin fell back to $8,200 levels before a late in the day rally.

The late recovery saw Bitcoin strike a final hour intraday high $8,420. In spite of the late breakout, Bitcoin fell well short of the first major resistance level at $8,506.8.

For the bulls, the extended bullish trend remained intact in spite of the slide to sub-$9,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to steer clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was mostly green across the crypto-board on Wednesday.

Stellar’s Lumen led the way, rising by 2.68%, with Ethereum and EOS up by 2.66% and 2.25% respectively.

Ripple’s XRP and Litecoin also managed to find support, rising by 2.03% and by 1.07% respectively.

Binance Coin bucked the trend on the day, falling by 0.13%.

Through the start of the month, the total crypto market cap fell back from a Tuesday high $225.96bn to a Wednesday low $218.49bn before the majors found support. At the time of writing, the total market cap stood at $222.54bn.

Bitcoin’s modest gain left Bitcoin’s dominance largely unchanged on the day. At the time of writing, Bitcoin’s dominance stood at 67.6%.

This Morning

At the time of writing, Bitcoin was down by 0.36% to $8,385.0. A bearish start to the day saw Bitcoin fall from an early morning high $8,440 to a low $8,356.8.

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

Elsewhere, Bitcoin Cash ABC bucked the trend early on, rising by 0.18%.

It was red for the rest of the pack. Stellar’s Lumen and EOS led the way down with losses of 1.16% and 0.7% respectively.

BTC/USD 03/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $8,400 levels to support a run at the first major resistance level at $8,492.27.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,440.

In the event of a rebound, the second major resistance level at $8,569.63 would likely come into play.

Barring a broad-based crypto rally, however, the morning high and first major resistance level would likely cap any upside.

Failure to move back through to $8,400 levels could see Bitcoin slide back to sub-$8,300 levels before any recovery.

Barring an extended sell-off through the day, the first major support level at $8,265.27 would likely limit any downside.

The Crypto Daily – Movers and Shakers -01/10/19

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 rallied by 2.98% on Monday. Reversing a 1.8% fall from Sunday, Bitcoin ended the day at $8,331.1.

Another particularly bearish morning saw Bitcoin slide to an early morning intraday low $7,733.3.

Bitcoin fell through the first major support level at $7,926.6 to test the second major support level at $7,763.2.

Finding support from the broader market, Bitcoin bounced back to a late afternoon intraday high $8,385.0.

The rebound saw Bitcoin break through the first major resistance level at $8,256.8. Late in the day, a visit to sub-$8,200 levels was brief, with Bitcoin breaking back through the first major resistance level to wrap up the day at $8,300 levels.

In spite of Monday’s rally, Bitcoin ended September down by 13.38%, with last week’s 19.57% tumble doing the damage.

For the bulls, the extended bullish trend remained intact in spite of the return to sub-$8,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to steer clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was green across the crypto-board on Monday.

Stellar’s Lumen and Ripple’s XRP led the way, rallying by 7.97% and 7.08% respectively.

Ethereum (+6.95%), EOS (+6.77%), and Bitcoin Cash SV (+6.70%) weren’t far behind on the day.

Binance Coin (+4.14%), Litecoin (+4.06%), and Bitcoin Cash ABC (+3.60%) trailed the pack.

While it was a bullish end to the month, it was a particularly bearish September for a number of the majors…

Bitcoin Cash SV and Binance Coin led the way down, with losses of 30.5% and 24.66% respectively.

Bitcoin Cash ABC (-19.07%), Litecoin (-12.81%), and EOS (-10.59%) also saw double digit losses.

Bucking the trend was Ethereum, which gained 5.4%, supported by Monday’s rebound. Stellar’s Lumen and Ripple’s XRP ended the month relatively flat, with losses of 0.35% and 0.14% respectively.

Through the month, the total crypto market cap fell back from a 6th September high $274.02bn to a 26th low $208.12bn before support kicked in. At the time of writing, the total market cap stood at $219.96bn.

With the news wires having been on the quieter side of late, October should be a little more interesting for the majors.

The SEC’s final decision on the Bitcoin ETFs are due this month, which will likely have a material impact on the direction through the final quarter.

Any major rebound could ultimately lead to a resumption of regulatory chatter that has somewhat abated since last year.

This Morning

At the time of writing, Bitcoin was down by 1.02% to $8,246.0. Bearish through the 1st hour, Bitcoin fell from an early morning high $8,357.4 to a low $8,235.5.

Bitcoin left the major support and resistance levels untested.

Elsewhere, Bitcoin Cash ABC bucked the trend early on, with a 0.18% gain.

It was red for the rest of the pack, with Bitcoin Cash SV (-2.46%) leading the way down.

BTC/USD 01/10/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to hold onto $8,200 levels through the morning to support a recovery later in the day.

A move back through Monday’s high $8,385 would bring the first major resistance level at $8,566.3 into play.

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

Failure to hold onto $8,200 levels could lead to a reversal of Monday’s gains. A fall through to sub-$8,150 levels would bring the first major support level at $7,914.6 into play.

Barring a crypto meltdown, Bitcoin should steer clear of Monday’s low $7,733.3.

The Crypto Daily – Movers and Shakers -26/09/19

Bitcoin symbol in blockchain technology and cryptocurrency concept. Abstract background 3d illustration.

Bitcoin fell by 0.72% on Wednesday. Following on from a 12.05% tumble on Tuesday, Bitcoin ended the day at $8,475.3.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $8,773.6 before hitting reverse.

Falling well short of the first major resistance level at $9,522.47, Bitcoin fell to a late morning intraday low $8,266.

Steering clear of the first major support level at $7,827.47, Bitcoin bounced back to 8,600 levels late in the day before falling back into the red.

For the bulls, the extended bullish trend remained intact in spite of the slide to sub-$9,000 levels. While falling back through the 38.2% FIB, Bitcoin continued to steer well clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed bag for the majors.

Stellar’s Lumen and EOS led the way on the day with gains of 8.37% and 3.71% respectively.

Litecoin (+3.68%), Ripple’s XRP (+2.75%) and Ethereum (+2.25%) also found strong support on the day.

Bitcoin Cash ABC and Bitcoin Cash SV joined Bitcoin in the red, however, with losses of 0.36% and 0.33% respectively.

Through the day, the total crypto market cap slid from a high $227.77bn low $217.1bn before recovering. At the time of writing, the total market cap stood at $222.31bn.

Bitcoin’s dominance fell back to 68% levels, reflective of the trend-bucking loss on the day.

The news wires were on the quieter side once more, failing to give Bitcoin any direction.

With September rapidly coming to an end, however, the SEC’s October Bitcoin ETF deadlines are rapidly approaching.

A favorable decision on the ETFs and Bitcoin’s halving event next year could give the bulls 2nd wind going into the final quarter…

This Morning

At the time of writing, Bitcoin was down by 0.01% to $8,474.5. A tentative start to the day saw Bitcoin fall from an early morning high $8,487.5 to a low $8,432.5 before finding support.

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

Elsewhere, Bitcoin Cash ABC and Stellar’s Lumen were back on the charge, rallying by 4.02% and by 3.34% respectively.

Binance Coin and Bitcoin Cash SV also found support early on, with gains of 0.36% and 0.5% respectively.

It was red for the rest of the pack, however, with Litecoin and Ripple’s XRP leading the way down. At the time of writing, Litecoin was down by 0.57%, with Ripple’s XRP down by 0.40%.

BTC/USD 26/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the morning high $8,487.5 to $8,500 levels to support a partial recovery of the current week losses.

Support from the broader market would be needed, however for Bitcoin to take a run at the first major resistance level at $8,745.27.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $8,773.6 would likely cap any upside.

Failure to move through to $8,500 levels could see Bitcoin spend another day in the red.

A fall through the early morning low $8,412.1 to $8,380 levels would bring the first major support level at $8,233.67 into play.

Barring a broad-based crypto sell-off, Bitcoin should steer clear of the second major support level at $7,992.03.

The Crypto Daily – Movers and Shakers -24/09/19

Cryptomania

Bitcoin fell by 3.54% on Monday. Reversing a 0.42% gain from Sunday, Bitcoin ended the day at $9,702.6.

Another bearish start to the day saw Bitcoin fall from an early intraday high $10,077 to a mid-day low $9,884.9.

The reversal saw Bitcoin fall through the first major support level at $9,922.13 before finding support.

Bitcoin recovered to $9,990 levels before sliding to a late intraday low $9,610.3.

The sell-off saw Bitcoin fall through the first major support level and second major support level at $9,789.27.

Of greater significance was a second fall through the 38.2% FIB of $9,734. While finding support to move back through to $9,700 levels, Bitcoin failed to break back through the second major support level and 38.2% FIB.

For the bulls, the extended bullish trend remained intact in spite of just 2 days in the green out of 11. While having fallen back through the 38.2% FIB, Bitcoin continued to steer well clear of the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of red for the majors.

Litecoin and Stellar’s Lumen led the way down, with losses of 8% and 7.55% respectively. Binance Coin (-5.35%), Bitcoin Cash ABC (-3.84%), Bitcoin Cash SV (-5.38%), and Ethereum (-4.91%), also saw heavy losses.

On the day, EOS (-3.69%) and Ripple’s XRP (-3.84%) saw the lightest losses.

There were no major news events to cause the reversal on the day, with Litecoin struggling once more to hold onto current levels. It’s been downhill since the halving event and a sharp sell-off late in the day weighed on the broader market.

Through the start of the week, the total crypto market cap slid from a high $265.45bn to a low $255.09bn. At the time of writing, the total market cap stood at $256.66bn.

Bitcoin’s dominance held onto 68% levels, with the broader market seeing steeper losses on the day.

This Morning

At the time of writing, Bitcoin was up by 0.63% to $9,764.2. A relatively bullish first hour of the day saw Bitcoin rise from an early morning low $9,612.9 to a high $9,772.

While steering clear of the major support and resistance levels, Bitcoin broke back through the 38.2% FIB of $9,734.

Elsewhere, it was a broadly positive start to the day, with only Bitcoin Cash ABC (-0.46%) in the red at the time of writing.

Following Monday’s crypto meltdown, Bitcoin Cash SV led the way early on, rising by 1.11%, with Litecoin up by 0.98%.

BTC/USD 24/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $9,800 levels to support a run at the first major resistance level at $9,982.97.

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

Barring an extended crypto rally, Bitcoin would likely come up short of Monday’s high $10,077.

Failure to move back through to $9,800 levels could see Bitcoin take another hit on the day.

A fall through the 38.2% FIB of $9.734 would bring the first major support level at $9,516.27 into play.

Barring another crypto meltdown, however, Bitcoin should steer clear of sub-$9,500 levels on the day.

The Crypto Daily – Movers and Shakers -19/09/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 0.30% on Wednesday. Following on from a 0.73% decline on Tuesday, Bitcoin ended the day at $10,185.

A relatively bullish start to the day saw Bitcoin rise to an early morning intraday high $10,278.

Falling short of the first major resistance level at $10,293.73, Bitcoin fell to a mid-day intraday low $10,111.

The pullback saw Bitcoin slide through the first major support level at $10,148.73 before finding support.

Moves back through to $10,200 levels were short-lived in the 2nd half of the day, however, with Bitcoin closing out the day at sub-$10,200.

For the bulls, the extended bullish trend remained intact in spite of a 6th consecutive day in the red. Bitcoin continued to hold well above the 38.2% FIB of $9,734 and, more importantly, the 62% FIB of 7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a sea of green on the crypto-board.

Ripple’s XRP and Stellar’s Lumen lead the way on the day once more. Stellar’s Lumen surged by 29.5%, with Ripple’s XRP rising by 9.85%.

Monero’s XMR came close behind, with a 9.33% rally on the day.

Binance Coin and Litecoin also found strong support, rising by 5.47% and by 4.84% respectively.

Bitcoin Cash ABC (+1.14%), Ethereum (+1.12%), Bitcoin Cash SV (+0.51%), and EOS (+0.41%) saw more modest gains on the day.

Recovering from a start of a week low $263.3bn on Monday, the total crypto market cap hit a current week high $273.58bn on Wednesday. At the time of writing, the total crypto market cap stood at $271.26bn.

Bitcoin’s dominance fell further back to a Wednesday low 67.17%, having hit 70.9% last week, as the broader crypto market rallied.

This Morning

At the time of writing, Bitcoin was up by 0.14% to $10,199. A bullish start to the day saw Bitcoin rise from an early morning low $10,184 to a high $10,208.

Bitcoin left the major support and resistance levels untested early in the day.

Elsewhere, it was a sea of red across the crypto-board as investors looked to lock in profits from the Wednesday rally.

Wednesday’s front runners, Monero’s XMR (-3.41%), Ripple’s XRP (-4.34%) and, Stellar’s Lumen (-3.82%) led the way down.

BTC/USD 19/09/19 Weekly Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$10,190 levels to support a recovery of recent losses.

A move back through the morning high $10,208 would bring the first major resistance level at $10,271.67 into play.

With Bitcoin having trailed the broader market through the current week, a breakthrough to $10,300 levels could deliver a momentum rally later in the day.

In the event of a breakout, the second major resistance level at $10,358.33 would come into play before any pullback.

Failure to steer clear of sub-$10,190 would see Bitcoin join the rest of the pack in the red.

A fall through to $10,170 would bring the first major support level at $10,104.67 into play.

Barring a crypto meltdown, Bitcoin should steer clear of the second major support level at $10,024.33.

The Crypto Daily – Movers and Shakers -17/09/19

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin fell by 0.31% on Monday. Following on from a 0.58% fall on Sunday, Bitcoin ended the day at $10,290.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $10,404.

Bitcoin broke through the first major resistance level at $10,391 before hitting reverse.

The reversal saw Bitcoin slide to a mid-day intraday low $10,091. Bitcoin fell through the first major support level at $10,263 and second major support level at $10,205.

Steering clear of the third major support level at $10,077, Bitcoin bounced back to a late high $10,400. The late rally saw Bitcoin break back through the first major resistance level at $10,391 before sliding back into the red.

For the bulls, the extended bullish trend remained intact. Bitcoin continues to hold above the 38.2% FIB of $9,734 after the early September rebound.

The Rest of the Pack

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

Monero’s XMR and Binance Coin bucked the trend on the day, falling by 0.71% and 0.25% respectively.

It was green for the rest of the majors, with Ethereum leading the way with a 4.37% gain.

Litecoin and Bitcoin Cash SV also saw solid gains, rising by 3.74% and 2.44% respectively.

Bitcoin Cash ABC (0.82%), EOS (+0.33%), Ripple’s XRP (+0.59%), and Stellar’s Lumen (+0.12%) trailed the front runners.

At the start of the week, the total crypto market cap fell from a high $268.13bn to a low $263.3bn on Monday. At the time of writing, the total crypto market cap stood at $266.08bn.

Bitcoin’s dominance also eased back to 69.3%, having hit 70.9% last week, with 4 consecutive days in the red pinning Bitcoin back.

This Morning

At the time of writing, Bitcoin was down by 0.15% to $10,275. Monday’s late pullback into the red continued into the early hours of this morning. Bitcoin fell from the start of a day high $10,296 to a low $10,260.

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

Elsewhere, Ripple’s XRP (-0.02%), Monero’s XMR (-0.4%), Litecoin (-0.11%), EOS (-0.38%), and Binance Coin (-0.20%) also struggled at the start of the day.

Ethereum and Stellar’s Lumen saw early gains, rising by 0.50% and by 0.67% respectively.

Bitcoin Cash ABC led the way at the start of the day, however, rallying by 1.2%

BTC/USD 17/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$10,260 to support a run at the first major resistance level at $10,432.33.

With resistance at $10,400 having pinned Bitcoin back for 2 consecutive days, Bitcoin would need an early move through Monday’s high $10,404 to support a breakout.

Barring a broad-based crypto rally on the day, we would expect Bitcoin to come up short of $10,500 levels.

Failure to steer clear of sub-$10,260 would bring the first major support level at $10,119.33 into play.

Barring a crypto meltdown, Bitcoin should steer clear of sub-$10,000 support levels, however.

The Crypto Daily – The Movers and Shakers -12/09/19

Cryptomania

Bitcoin rose by 0.53% on Wednesday. Partially reversing a 1.9% slide from Tuesday, Bitcoin ended the day at $10,175.

A particularly bullish start to the day saw Bitcoin rally to an early morning intraday high $10,300 before hitting reverse.

Falling short of the first major resistance level at $10,360.33, Bitcoin fell to a mid-morning intraday low $9,814.

The reversal saw Bitcoin fall through the first major support level at $9,920.33 to the lowest level since 2nd September.

Finding support through the late morning, Bitcoin recovered to $10,100 levels before a second visit to sub-$10,000 levels in the late afternoon.

Steering clear of the first major support level on the 2nd dip, Bitcoin moved back into positive territory late in the day.

For the bulls, the extended bullish trend remained intact. While Bitcoin broke back through the 38.2% FIB, Bitcoin had also continued to hold well above the 62% FIB of $7,245.

The Rest of the Pack

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

Monero’s XMR bucked the trend on the day, gaining 2.59%.

It was red for the rest of the pack, with Bitcoin Cash SV and Binance Coin leading the way down. Bitcoin Cash SV slid by 6.8%, with Binance Coin falling by 4.78%.

Bitcoin Cash ABC (-2.1%), Stellar’s Lumen (-1.44%), Litecoin (-1.29%), and Ripple’s XRP (-1.21%) also saw relatively heavy losses.

Ethereum and EOS were the best of the rest, with losses of 0.75% and 0.49% respectively.

Since the start of the week, the total crypto market cap fell from $267bn levels on Monday to a current week low $257.9bn on Wednesday. At the time of writing, the total crypto market cap stood at $258.9bn.

In spite of the pullback, a more modest 3% loss for the current week saw Bitcoin’s dominance rise back through to 70% levels.

This Morning

At the time of writing, Bitcoin was down by 0.89% to $10,084. A mixed start to the day saw Bitcoin rise to an early morning high $10,223 before slipping to a low $10,064.

Bitcoin left the major support and resistance levels untested in the early hours.

Elsewhere, Bitcoin Cash ABC gave up early gains to join the rest of the majors in the red.

Binance Coin and Monero’s XMR saw the heaviest losses this morning. The pair were down by 4.91% and  2.99% respectively at the time of writing.

Bitcoin Cash SV (-1.41%), EOS (-1.42%), Litecoin (-1.69%), and Ripple’s XRP (-1.4%) also struggled.

BTC/USD 12/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $10,100 levels to support a run at the first major resistance level at $10,378.67.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $10,223.

Barring a broad-based crypto rally, Wednesday’s high $10,300 and first major resistance level would likely cap any upside.

Failure to hold onto $10,000 levels could see Bitcoin fall deeper into the red. A fall through to $9,950 would bring the first major support level at $9,892.67 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$9,800 levels. Of greater importance will be for Bitcoin to steer clear of the 38.2% FIB of $9,734 on the day.

Bitcoin Finds Early Support as the Bulls Target $10,600

Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin slipped by 0.91% on Monday. Following on from a 0.71% loss on Sunday, Bitcoin ended the day at $10,317.

A bearish start to the day saw Bitcoin slide to a late morning intraday low $10,118. Bitcoin fell through the first major support level at $10,238.27 to sub-$10,200 levels for the first time since 2nd September.

Finding support in the late morning, Bitcoin bounced back to a late morning intraday high $10,557.

In spite of the rebound, Bitcoin came up short of the first major resistance level at $10,595.37.

A pullback through the afternoon saw Bitcoin slide to an afternoon low $10,171. Despite a bearish afternoon, Bitcoin found late support to limit the loss on the day.

For the bulls, the extended bullish trend remained intact. While Bitcoin broke back through the 38.2% FIB, Bitcoin had also continued to hold well above the 62% FIB of $7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed bag for the majors.

EOS bucked the trend on the day with a gain of 2.39%.

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

Bitcoin Cash SV and Monero’s XMR led the way down, with losses of 2.63% and 2.59% respectively.

Stellar’s Lumen (-1.49%), Ripple’s XRP (-1.43%), and Binance Coin (-1.25%) also struggled on the day.

Bitcoin Cash ABC (-0.08%), Ethereum (-0.51%), and Litecoin (-0.74%) saw modest losses on the day.

At the start of the week, the total crypto market cap slid to a day low $260.85bn before rising to a day high $267.95bn on Monday. At the time of writing, the total crypto market cap stood at $266.36bn

This Morning

At the time of writing, Bitcoin was up by 0.5% to $10,368.4. A relatively bullish start to the day saw Bitcoin rise from an early morning low $10,313 to a high $10,385.

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

Elsewhere, Litecoin (+1.33%), Monero’s XMR (+1.28%), Bitcoin Cash ABC (+1.13%), and Ethereum (+1.04%) were on the move.

Bitcoin Cash SV and Stellar’s Lumen bucked the trend early with losses of -1.83% and -1.71% respectively.

BTC/USD 10/09/19 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $10,385 to $10,400 levels to bring the first major resistance level at $10,543.33 into play.

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

Barring a broad-based crypto rally, Bitcoin would likely fall short of $10,600 levels for a 4th consecutive day. The first major resistance level at $10,543.33 and Monday’s high $10,557 would limit any upside.

Failure to move through to $10,400 levels could see Bitcoin see red for a 3rd consecutive day.

A fall through the morning low $10,313.5 to sub-$10,300 levels would bring the first major support level at $10,104.33 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$10,100 levels on the day.

For the bulls, Bitcoin would need to break down resistance at $10,600 to bring $11,000 levels back into play.