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March 14, 2021

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 14/03/21

E-coins on tablet computer with charts on screen

Binance Coin

Binance Coin rallied by 21.84% in the week ending 13^th March. Following a 0.39% gain from the previous week, Binance Coin ended the week at $276.08.

A mixed start to the week saw Binance Coin fall to a Sunday intraweek low $220.91 before making a move.

Steering clear of the first major support level at $191, Binance Coin rallied to a Thursday intraweek high $320.88.

Binance Coin broke through the first major resistance level at $265 and the second major resistance level at $304.

More significantly, Binance Coin also broke through the 38.2% FIB of $230 and the 23.6% FIB of $283.

A Friday sell-off, however, saw Binance Coin fall back to $245 levels before finding support.

Falling through the major resistance levels, Binance Coin also fell back through the 23.6% FIB of $283.

A bullish end to the week saw Binance Coin break back the first major resistance level at $265 to end the week at $276 levels.

5 days in the green that included a 21.95% breakout on Tuesday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall back through the $273 pivot to bring the 23.6% FIB of $283 and the first major resistance level at $324 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from last week’s high $320.88.

Barring an extended rally, the first major resistance level and last week’s high $320.88 would likely cap any upside.

Failure to avoid a fall back through the $273 pivot would bring the 38.2% FIB of $230 and the first major support level at $224 into play.

Barring an extended sell-off, Binance Coin should steer well clear of the second major support level at $173.

At the time of writing, Binance Coin was down by 0.44% to $274.86. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $278.61 before falling to a low $271.21.

Binance Coin left the major support and resistance levels untested early on.

Litecoin

Litecoin rallied by 23.63% in the week ending 13^th March. Following on from a 6.33% gain from the previous week, Litecoin ended the week at $226.09.

In spite of a bullish start to the week, Litecoin fell to a Monday intraweek low $180.00 before making a move.

Steering clear of the first major support level at $158, Litecoin rallied to a Saturday intraweek high $230.00.

Litecoin broke through the first major resistance level at $202 and the second major resistance level at $221.

More significantly, Litecoin also broke through the 23.6% FIB of $195 to end the week at $226 levels.

5 days in the green that included a 9.61% rally on Friday delivered the upside for the week.

For the week ahead

Litecoin would need to avoid a fall through the $212 pivot to bring the first major resistance level at $244 into play.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $230.00.

Barring an extended crypto rally, the first major resistance level and resistance at February’s swing hi $247 would likely limit any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $262.

Failure to avoid a fall through the $212 pivot would bring the 23.6% FIB of $195 and the first major support level at $194 into play.

Barring an extended crypto sell-off, however, Litecoin should steer well clear of the 38.2% FIB of $163 and the second major support level at $162.

At the time of writing, Litecoin was up by 0.74% to $227.76. A mixed start to the week saw Litecoin fall to an early Sunday low $225.10 before rising to a high $227.93.

Litecoin left the major support and resistance levels untested at the start of the week.

Tron’s TRX

Tron’s TRX rose by 5.58% in the week ending 13^th March. Following an 8.09% gain from the week prior, Tron’s TRX ended the week at $0.05321.

A bullish start to the week saw Tron’s TRX rise to a Wednesday intraweek high $0.05626 before hitting reverse.

Falling short of the first major resistance level at $0.05698, Tron’s TRX slid to a Friday intraweek low $0.04731.

Steering clear of the 38.2% FIB of $0.0428 and the first major support level at $0.04275, Tron’s TRX found support to end the week at $0.053 levels.

5 days in the green that included a 2.87% gain on Monday delivered the upside for the week.

For the week ahead

Tron’s TRX would need to avoid a fall through the $0.05226 pivot to support a run at the first major resistance level at $0.05721.

Support from the broader market would be needed, however, for Tron’s TRX to break out from last week’s high $0.05626.

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

In the event of an extended rally, Tron’s TRX could test the second major resistance level at $0.06121 before any pullback.

Failure to avoid a fall through the $0.05226 pivot would bring the first major support level at $0.04826 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.040 levels. The second major support level at $0.04331 and the 38.2% FIB of $0.0428 should limit the downside.

At the time of writing, Tron’s TRX was up by 0.45% to $0.05346. A mixed start to the week saw Tron’s TRX fall to an early morning low $0.05235 before rising to a high $0.05430.

Tron’s TRX left the major support and resistance levels untested at the start of the week.

March 9, 2021March 9, 2021

The Crypto Daily – Movers and Shakers – March 9th, 2021

Golden bitcoins on the black background closeup. Cryptocurrency virtual money

Bitcoin, BTC to USD, rose by 2.72% on Monday. Following on from a 4.31% rally on Sunday, Bitcoin ended the day at $52,399.0.

A mixed start to the day saw Bitcoin fall from an early morning high $51,822,0 to a late morning intraday low $49,369.0.

Bitcoin fell through the first major support level before rallying to a final hour intraday high $52,444.0.

Bitcoin broke through the first major resistance level at $51,996 to wrap up the day at $52,000 levels.

The near-term bullish trend remained intact supported by the return to $52,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Monday.

Cardano’s ADA and Polkadot fell by 0.94% and by 3.09% respectively to buck the trend on the day.

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

Chainlink rallied by 11.21% to lead the way, with Ethereum gaining 6.17%.

Binance Coin (+0.34%), Bitcoin Cash SV (+0.02%), and Crypto.com Coin (+2.25%), Litecoin (+0.56%), and Ripple’s XRP (+1.78%) also joined Bitcoin in the green.

In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Monday high $1,604bn. At the time of writing, the total market cap stood at $1,594bn.

Bitcoin’s dominance rose to a Monday high 61.24% before falling to a Monday low 60.75%. At the time of writing, Bitcoin’s dominance stood at 61.01%.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $52,235.0. A mixed start to the day saw Bitcoin rise to an early morning high $52,535.4 before falling to a low $51,993.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Binance Coin was down by 1.68% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $51,404 to bring the first major resistance level at $53,439 into play.

Support from the broader market would be needed for Bitcoin to break through to $53,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $53,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,479.

Failure to avoid a fall through the $51,404 pivot would bring the first major support level at $50,364 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear sub-$50,000 levels. The second major support level sits at $48,329.

January 3, 2021

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 03/01/21

Binance Coin

Binance Coin rallied by 13.89% in the week ending 2^nd December. Following a 0.87% gain from the previous week, Binance Coin ended the week at $38.29.

It was a choppy start to the week. Binance Coin slid to a Sunday intraweek low $29.90 before making a move.

The early pullback saw Binance Coin test support at the 23.6% FIB of $29.7 and the first major support level at $20.88.

Bullish through the rest of the week, however, Binance Coin surged to a Saturday intraweek high and a new swing hi $42.93.

Binance Coin broke through the first major resistance level at $37.12 and the second major resistance level at $40.63.

A late pullback on Saturday, however, saw Binance Coin fall back through the second major resistance level to end the week at $38 levels.

4 days in the green that included a 6.7% gain on Monday and an 8.79% rally on Tuesday delivered the upside for the week.

For the week ahead

Binance Coin would need to avoid a fall through the $37.0 pivot to bring the first major resistance level at $44.2 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $42.9.

Barring an extended crypto rally, the first major resistance level and resistance at $45 would likely limit any upside in the week.

In the event of a breakout, Binance Coin could test the second major resistance level at $50.0.

Failure to avoid a fall through the $37.0 pivot would bring the 23.6% FIB of $34.3 and the first major support level at $31.15 and into play.

Barring a crypto sell-off, Binance Coin should steer well clear of sub-$30 levels and the 38.2% FIB of $29.0. The second major support level at sits $24.0.

At the time of writing, Binance Coin was down by 0.50% to $38.10. A mixed start to the week saw Binance Coin rise to an early Sunday morning high $39.2 before falling to a low $37.2.

Binance Coin left the major support and resistance levels untested early on.

Litecoin

Litecoin rose by 5.84% in the week ending 2^nd January. Following on from a 7.93% rally from the previous week, Litecoin ended the week at $137.13.

It was a mixed start to the week. Litecoin rose to a Sunday high $139.30 before hitting reverse.

Falling short of the first major resistance level at $144.61, Litecoin slid to a Tuesday intraweek low $120.00.

Avoiding a fall through the pivot level of $119.95, Litecoin steered clear of the 23.6% FIB of $109 and the first major support level at $104.89.

Finding support late in the week, Litecoin jumped to a Saturday intraweek high and a new swing high $142.21.

Continuing to fall short of the major resistance levels, Litecoin fell back to end the week at $137 levels.

4 days in the green that included an 8.38% rally on Saturday delivered the upside.

For the week ahead

Litecoin would need to avoid the $133.1 pivot to support a run at the first major resistance level at $146.2.

Support from the broader market would be needed, however, for Litecoin to break out from last week’s high $142.21.

Barring an extended crypto rally, the first major resistance level and resistance at $150 would likely limit any upside.

In the event of another breakout, the second major resistance level at $155.3 and resistance at $160 would likely come into play.

Failure to avoid a fall through the $133.1 pivot would bring the first major support level at $124.0 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$120 levels and 23.6% FIB of $115. The second major support level sits at $110.9.

At the time of writing, Litecoin was up by 1.27% to $138.87. A mixed start to the week saw Litecoin fall to an early morning low $135.88 before striking a high $139.11.

Litecoin left the major support and resistance levels untested at the start of the week.

Tron’s TRX

Tron’s TRX slipped by 0.54% in the week ending 2^nd January. Following an 11.02% slide from the week prior, Tron’s TRX ended the week at $0.02753.

It was a mixed week. Tron’s TRX rose to a Sunday intraweek high $0.03292 before hitting reverse. The early rally did see Tron’s TRX break through the 23.6% FIB of $0.0291, however.

Falling short of the first major resistance level at $0.03336, Tron’s TRX slid to a Saturday intraweek low $0.024997.

While steering clear of the first major resistance level at $0.02287, Tron’s TRX fell back through the 23.6% FIB of $0.0291.

Finding support late support at the end of the week, however, Tron’s TRX moved back through to $0.0275 levels to limit the loss.

4 days in the red that included a 6.20% tumble on Tuesday delivered the downside for the week.

For the week ahead

Tron’s TRX would need to move through the $0.02843 pivot and 23.6% FIB of $0.0291 to support a run at the first major resistance level at $0.03187.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.030 levels.

Barring a broad-based crypto rally, the first major resistance level and last week’s high $0.03292 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.03635 would likely come into play.

Failure to move through the $0.02843 pivot would bring the first major support level at $0.02395 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.02051.

At the time of writing, Tron’s TRX was down by 2.06% to $0.02682. A mixed start to the week saw Tron’s TRX rise to an early Sunday morning high $0.02784 before falling to a low $0.02622

Tron’s TRX left the major support and resistance levels untested at the start of the week.

November 11, 2020

Binance Coin Mid-Week Analysis – Support Levels in Play – 11/11/20

Binance Coin Price Support

It’s been a choppy 1^st half of the week for Binance Coin.

A bullish start to the week saw Binance Coin rise to a Monday current week high of $29.06 before hitting reverse.

Falling well short of the first major resistance level at $31.32, Binance Coin slid to a Monday current week low of $27.24.

While steering clear of the first major support level at $24.56, Binance Coin fell through the 23.6% FIB of $27.5.

Finding support late in the day on Monday, Binance Coin broke back through the 23.6% FIB to end the day at $28 levels.

A relatively choppy Tuesday, following Monday’s recovery, saw Binance Coin fall back to a low $27.40 before ending the day at $28.2 levels. The 23.6% FIB of $27.5 limited the downside on the day.

For the current week, Sunday through Tuesday, Binance Coin was up by 1.58% to $28.23.

2 days in the green out of 3 that included a 2.39% gain on Sunday delivered the upside. A 1.26% fall on Monday, reduced some of the early gains, however.

The near-term bullish trend remained intact, supported by the latest rebound. For the bears, a fall through the 62% FIB of $17 would form a near-term bearish trend.

It has been a particularly bullish year in spite of a mid-year blip. Year-to-date, Binance Coin was up by 106.8%.

At the time of writing, Binance Coin was up by 0.85% to $28.47. A mixed start to the day saw Binance Coin fall to an early Wednesday $27.99 low before rising to a high of $28.77.

Binance Coin left the major support and resistance levels untested in the early part of Wednesday morning.

https://www.tradingview.com/x/EHXxMxWn/

For the remainder of the week

Binance Coin would need to avoid a fall back through the $28.09 pivot level to support a run at the first major resistance level at $31.32.

Support from the broader market would be needed, however, for Binance Coin to break back through to $30 levels.

Barring an extended crypto rally, resistance at $30 would likely leave Binance Coin short of the first major resistance level.

In the event of an extended breakout, however, the first major resistance level would likely cap any upside.

Failure to avoid a fall back through the $28.09 pivot level would bring the 23.6% FIB of $27.5 and the first major support level at $24.56 back into play.

Barring an extended sell-off going into the weekend, however, Binance Coin should avoid the 38.2% FIB of $23.50. The second major support level sits at $21.33.

Looking at the Technical Indicators

Major Support Level: $24.56

Major Resistance Level: $31.32

23.6% FIB Retracement Level: $27.5

38.2% FIB Retracement Level: $23.5

62% FIB Retracement Level: $17.00

June 3, 2020

Binance Coin Mid-Week Analysis – Support Levels in Play – 03/06/20

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

Binance Coin Price Support

It’s been bearish but also a relatively choppy 1^st half of the week for Binance Coin.

A bearish start to the week saw Binance Coin slide by 3.7% on Sunday, leading to a Monday low $16.47.

Steering clear of the first major support level at $16.17, Binance Coin rallied to a Monday current week high $19.15.

Binance Coin broke through the first major resistance level at $18.68 before hitting reverse.

The pullback saw Binance Coin fall through the first major resistance level to wrap up the day at sub-$18 levels on Monday.

Following a 5.03% rally on Monday, Binance Coin tumbled by 3.7% on Tuesday, leading to a Tuesday current week low $16.00.

Binance Coin also fell through the first major support level at $16.17 before wrapping up the day at $17 levels. The first major resistance level at $18.68 had pinned Binance Coin back in the early part of the day on Tuesday.

For the current week, Sunday through Tuesday, Binance Coin was down by 2.59% to $17.28.

Just the 1-day in the green out of 3 limited the downside in the 1^st half of the week.

The near-term bearish trend remained intact, supported by the late 2019 reversal and mid-March’s swing lo $6.42.

It’s had been a relatively bullish start to the year before the current downtrend. Having been up by as much as 101% year-to-date, Binance Coin was up by 26.59% year-to-date.

For the bulls, Binance Coin would need to break through the 62% FIB of $27.3 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.69% to 17.16. A bearish start to the day on Wednesday saw Binance Coin fall from an early morning high $17.34 to a low $17.05.

Binance Coin steered clear of the major support and resistance levels in the early part of the day.

For the remainder of the week

Binance Coin would need to move back through to $18 levels to support another run at the first major resistance level at $18.68.

Support from the broader market would be needed, however, for Binance Coin to break back through to $18 levels.

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

In the event of another breakout, the 38.2% FIB of $19.4 and second major resistance level at $19.62 could come into play.

Failure to move back through to $18 levels could see Binance Coin fall deeper into the red.

A pullback through to sub-$17 levels would bring the first major support level at $16.17 back into play.

Barring another extended crypto sell-off, however, Binance Coin should avoid a fall back to sub-$16 levels.

Looking at the Technical Indicators

Major Support Level: $16.17

Major Resistance Level: $18.68

23.6% FIB Retracement Level: $14.4

38.2% FIB Retracement Level: $19.4

62% FIB Retracement Level: $27.3

May 10, 2020

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 10/05/20

Binance Coin

Binance Coin fell by 4.33% in the week ending 9^th May. Partially reversing a 5.46% gain from the previous week, Binance Coin ended the week at $16.79.

It was a mixed start to the week, with Binance Coin rising to an early Sunday high $18.04 before hitting reverse.

Falling well short of the first major resistance level at $19.49, Binance Coin slid to an early Thursday intraweek low $15.26.

Finding support at the first major support level at $15.25, Binance Coin found support late in the week to return to $17 levels. Binance Coin briefly revisited $18 levels on Thursday before easing back. A Thursday intraday high $18.26 came up short of the first major resistance level at $19.49, however.

4 consecutive days in the red, which included a 2.47% and 3.15% fall on Sunday and Wednesday, delivered the losses.

2 consecutive days in the green before a Saturday pullback did limit the damage at the end of the week, however.

For the week ahead

Binance Coin would need to break through to $16.80 levels to bring the first major resistance level at $18.28 into play.

Support from the broader market would be needed for Binance Coin to break back through to $18 levels.

Barring a broad-based crypto rally, resistance at $17 would likely leave Binance Coin short of the first major resistance level at $18.28.

In the event of a breakout, Binance Coin could test resistance at $19 levels before any pullback.

Failure to move back through to $16.80 levels could see Binance Coin struggle throughout the week.

A fall back through to the second major support level at $13.77 would bring sub-$12 levels into play.

Barring a crypto meltdown, however, Binance Coin should steer clear of the third major support level at $10.77.

At the time of writing, Binance Coin was down by 11.26% to $14.895. A particularly bearish start to the week saw Binance Coin slide from an early morning high $17.02 to a low $13.62.

Binance Coin fell through the first major support level at $15.28 and the second major support level at $13.77.

Litecoin

Litecoin fell by 4.71% in the week ending 9^th May. Partially reversing a 10.85% rally from the previous week, Litecoin ended the week at $46.94.

A mixed start to the week saw Litecoin rise to an early Sunday intraweek high $49.99 before hitting reverse.

Falling short of the first major resistance level at $52.42, Litecoin slid to a Wednesday intraweek low $44.47.

Litecoin fell through the first major support level at $44.65 before finding support from the broader market.

Ending a run of 4 consecutive days in the red, Litecoin briefly bounced back to $49 levels. 2 consecutive days in the green cut the deficit for the week before a Saturday reversal.

For the week ahead

Litecoin would need to move back through to $47.20 levels to support a run at the first major resistance level at $49.80.

Support from the broader market would be needed, however, for Litecoin to break out from the first major support level at $44.28.

Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level at $49.80.

Failure to move through to $47.20 levels could see Litecoin come under further pressure.

A fall back through to $40 levels would bring the third major support level at $36.09 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 support levels.

At the time of writing, Litecoin was down by 11.18% to $41.69. A bearish start to the week saw Litecoin fall from an early morning high $47.00 to a low $40.03.

Litecoin fell through the first major support level at $44.28 and the second major support level at $41.61.

Tron’s TRX

Tron’s TRX fell by 1.57% in the week ending 9^th May. Following a 16.64% rally from the previous week, Tron’s TRX ended the week at $0.016135.

A choppy start to the week saw Tron’s TRX fall to a Monday intraweek low $0.015132 before finding support.

Steering clear of the first major support level at $0.01455, Tron’s TRX bounced back to a Tuesday intraweek high 0.016650.

Falling short of the first major resistance level at $0.01737, Tron’s TRX slid back to $0.0154 levels before finding support.

Continuing to steer clear of the major support levels, Tron’s TRX returned to $0.0165 levels.

5 days in the red delivered the loss for the week.

For the week ahead

Tron’s TRX would need to move through to $0.016 levels to support a run at the first major resistance level at $0.01681.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the first major support level at $0.01529.

Barring a broad-based crypto rebound in the week, resistance at $0.016 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move through to $0.016 levels could see Tron’s TRX struggle throughout the week.

A fall back through to sub-$0.014 levels would bring the third major support level at $0.01294 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.012 levels.

At the time of writing, Tron’s TRX was down by 11.99% to $0.014201. A bearish start to the week saw Tron’s TRX slide from an early morning high $0.01665 to a low $0.01300.

Tron’s TRX fell through the first major support level at $0.01529 and the second major support level at $0.01445.

TRX/USD 10/05/20 Weekly Chart

August 15, 2019

The Crypto Meltdown – Bitcoin Visits sub-$10,000 as the Bears Bite

Bitcoin tumbled by 7.72% on Wednesday. Following on from a 4.44% slide on Tuesday, Bitcoin ended the day at $10,064.6.

A bearish start to the day saw Bitcoin fall from an early intraday high $10,909 to a late morning low $10,403.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $10,646.67.

Finding support through the late morning, Bitcoin recovered through the first major support level before hitting reverse.

A broad-based crypto sell-off saw Bitcoin slide to a late intraday low $9,966 before moving back through to $10,000 levels.

Bitcoin slid through the first major support level at $10,646.67 and second major support level at $10,389.33 to visit sub-$10,000 for the first time since 1^st August.

A recent bearish run that has seen Bitcoin in the red on 5 of the last 6 days reversed gains from earlier in the month. For the month of August, Bitcoin was down by 0.23% to the end of Wednesday and down by 16.13% year-to-date.

Elsewhere

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

Tron’s TRX led the way down, sliding by 14.2%. Ripple’s XRP (-11.55%), Ethereum (-10.64%), Litecoin (-10.27%), and EOS (-10%) also saw particularly heavy losses.

Stellar’s Lumen and Bitcoin Cash SV had the lightest losses on the day, with the pair falling by 7.1% and by 5.99% respectively.

The crypto meltdown led the market cap down from $285.57bn to a Wednesday low $262.62bn. At the time of writing, the total market cap stood at $265.33bn.

Bitcoin’s more modest sell-off on the day led to its dominance level recovering to 68% levels. At the time of writing, Bitcoin’s dominance stood at 68.3%.

For those looking towards Bitcoin and the broader crypto market as a safe haven, the meltdown came amidst a sell-off across the global equity markets on Wednesday.

Fears of a recession, resulting in bond yield inversions, led to investors pulling out of all risky assets, including the cryptos.

This Morning

At the time of writing, Bitcoin was up by 1.12% to $10,177. A bullish start to the day saw Bitcoin bounce from a morning low $10,066.4 to a high $10,249 before easing back.

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

Elsewhere, there was relief across the crypto-board following the Wednesday meltdown.

Tron’s TRX led the way early, up by 2.27% at the time of writing. Litecoin (+1.39%), Ripple’s XRP (+1.12%), Ethereum (+1.07%), and Bitcoin Cash ABC (+1.01%) also found strong support.

Binance Coin trailed the majors early on, rising by just 0.32%.

For the Bitcoin day ahead

Bitcoin would need to move through to $10,310 levels to support the recovery of Wednesday’s losses. A breakthrough to $10,310 would bring the first major resistance level at $10,660.4 into play.

Bitcoin would need the support of the broader market, however, to break out from $10,300 levels.

Barring a broad-based crypto rebound, Bitcoin will likely fall well short of Wednesday’s high $10,909 and $11,000 levels.

Failure to move through to $10,310 levels could see Bitcoin take another hit. A fall through to sub-$10,000 would bring the 38.2% FIB of $9,734 and first major support level at $9,717.4 into play.

Barring another crypto meltdown, Bitcoin should steer well clear of the second major support level at $9,370.2.