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

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Bitcoin, BTC to USD, rose by 1.59% on Wednesday. Partially reversing a 4.32% slide from Tuesday, Bitcoin ended the day at $11,569.5.

It was a bearish start to the day. Bitcoin slid to an early morning intraday low $11,155 before making a move.

Steering clear of the first major support level at $11,026, Bitcoin rallied to a late intraday high $11,628.0.

Falling short of the first major resistance level at $11,847, Bitcoin fell back to sub-$11,500 levels before finding late support.

Resistance at $11,600 pinned Bitcoin back, however.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-1.24%) and Ripple’s XRP (-0.21%) bucked the trend.

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

Tezos rallied by 8.87% to lead the way.

Binance Coin (+1.03%), Bitcoin Cash ABC (+1.32%), Ethereum (+2.20%), Monero’s XRM (+2.85%), Stellar’s Lumen (+1.32%) and also found strong support.

Cardano’s ADA (+0.05%), EOS (+0.69%), Litecoin (+0.83%), and Tron’s TRX (+0.42%) saw relatively modest gains on the day.

In the current week, the crypto total market cap rose to a Monday high $361.38bn before falling to a Tuesday low $328.26bn. At the time of writing, the total market cap stood at $347.81bn.

Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Wednesday low 61.54%. At the time of writing, Bitcoin’s dominance stood at 61.81%.

 

This Morning

At the time of writing, Bitcoin was up by 0.59% to $11,637.5. A mixed start to the day saw Bitcoin fall to an early morning low $11,551.0 before rising to a high $11,655.5.

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

Elsewhere, it was a mixed start to the day.

Binance Coin and Tezos were down by 0.22% and by 0.60% to buck the trend early on.

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

At the time of writing, Ethereum and Ripple’s XRP were up by 1.30% and by 1.06% to lead the way.

BTC/USD 13/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,451 pivot to support a run at the first major resistance level at $11,747.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,700 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $11,800 should cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,924 before any pullback.

A fall through the $11,451 pivot level would bring the first major support level at $11,274 into play.

Barring another extended crypto sell-off, however, Bitcoin should continue to avoid sub-$11,000 levels. The second major support level sits at $10,978.

The Crypto Daily – Movers and Shakers – August 11th, 2020

Bitcoin and Litecoin over dollar banknotes.

Bitcoin, BTC to USD, Bitcoin rose by 1.86% on Monday. Reversing a 0.75% fall from Sunday, Bitcoin ended the day at $11,892.0.

It was a bullish start to the day. Bitcoin rallied to an early morning intraday high $12,065 before hitting reverse.

Bitcoin broke through the first major resistance level at $11,799 and the second major resistance level at $11,922.

The reversal saw Bitcoin slide to a late morning intraday low $11,450 before finding support.

Bitcoin fell through the first major support level at $11,540.87 before rebounding to $11,970 levels.

The rebound saw Bitcoin break back through the first and second major resistance levels before easing back to sub-$11,900 levels.

In spite of the late pullback, Bitcoin avoided a fall back through the first major resistance level at $11,799.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash ABC and Cardano’s ADA fell by 0.07% and by 0.83% to buck the trend on the day.

It was a bullish day for the rest of the majors, with Tezos surging by 15.12% to lead the pack.

EOS (+6.91%), Litecoin (+2.35%), Ripple’s XRP (+2.28%), and Tron’s TRX (+4.83%) also found strong support.

Binance Coin (+0.98%), Bitcoin Cash SV (+0.57%), Ethereum (+1.38%), Monero’s XMR (+0.87%), and Stellar’s Lumen (+0.64%) trailed the front runners.

In the current week, the crypto total market cap rose to a Monday high $361.35bn before falling to a low $339.21bn. At the time of writing, the total market cap stood at $353.42bn.

Bitcoin’s dominance rose to a Monday high 62.62% before sliding to a low 61.70%. At the time of writing, Bitcoin’s dominance stood at 61.98%.

This Morning

At the time of writing, Bitcoin was down by 0.14% to $11,875.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,917.0 before falling to a low $11,867.0.

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

Elsewhere, it was a mixed start to the morning.

Ethereum (-0.17%) and Monero’s XMR (-0.42%) joined Bitcoin in the red.

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

Ripple’s XRP (+1.38%) and Tezos (+1.41%) led the pack early on.

BTC/USD 11/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,800 pivot to support a run at the first major resistance level at $12,155.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $12,065.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,417.

A fall through the $11,800 pivot level would bring the first major support level at $11,540 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels. The second major support level sits at $11,187.33.

The Crypto Daily – Movers and Shakers – August 7th, 2020

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

Bitcoin, BTC to USD, rose by 0.20% on Thursday. Following on from a 4.91% rally on Wednesday, Bitcoin ended the day at $11,759.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,557 before making a move.

Steering clear of the first major support level at $11,281, Bitcoin rallied to a late intraday $11,890 before easing back.

Falling short of the first major resistance level at $11,996 Bitcoin fell back to $11,600 levels and into the red.

Finding late support, however, Bitcoin moved back through to $11,700 levels to deliver the upside.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Thursday.

Binance Coin (-2.36%), Ethereum (-1.48%), Stellar’s Lumen (-1.43%), and Tron’s TRX (-0.62%) saw red.

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

Bitcoin Cash ABC (+5.74%), Monero’s XMR (+5.37%), and Tezos (+3.75%) led the way.

Bitcoin Cash SV (+1.29%), Cardano’s ADA (+1.41%), EOS (+1.05%), Litecoin (+0.25%), and Ripple’s XRP (+0.19%) also joined Bitcoin in the green.

In the current week, the crypto total market cap rose from a Monday low $323.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $348.75bn.

Bitcoin’s dominance fell from a Monday high 62.46% to a Tuesday low 61.24%. At the time of writing, Bitcoin’s dominance stood at 62.35%.

This Morning

At the time of writing, Bitcoin was up by 0.29% to $11,793.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,738.0 before rising to a high $11,795.0.

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

Elsewhere, it was a mixed start to the day. Monero’s XMR bucked the trend early on, falling by 0.68%.

It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 1.66% to lead the way.

BTC/USD 07/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,735 pivot to support a run at the first major resistance level at $11,914.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,890.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,068.

Failure to avoid a fall through the $11,735 pivot level would bring the first major support level at $11,581 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,500 levels. The second major support level sits at $11,402.