Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 20/06/21

crypto currency mining concept

Binance Coin

Binance Coin fell by 2.88% in the week ending 19th June. Following an 11.95% slide from the previous week, Binance Coin ended the week at $333.95.

A mixed start to the week, however, saw Binance Coin slide to a Sunday intraweek low $318.81 before making a move.

Steering clear of the first major support level at $304, Binance Coin rallied to a Tuesday intraweek high $388.66.

Falling short of the first major resistance level at $396, however, Binance Coin slid back to $322 levels before finding support.

4 days in the red that included a 5.33% slide on Wednesday and a 4.42% decline on Friday delivered the downside.

For the week ahead

Binance Coin would need to move through the $347 pivot to bring the first major resistance level at $376 into play.

Support from the broader market would be needed, however, for Binance Coin to break out from $350 levels.

Barring an extended rally, the first major resistance level and last week’s high $388.66 should limit any upside.

In the event of a broad-based crypto rebound, Binance Coin could test resistance at the 38.2% FIB of $438. The second major resistance level sits at $417.

Failure to move through the $347 pivot would bring the first major support level at $306 into play.

Barring an extended sell-off, however, Binance Coin should steer clear of sub-$250 levels. The second major support level at $277 and the 62% FIB of $273 should limit the downside.

At the time of writing, Binance Coin was down by 0.17% to $333.40. A mixed start to the week saw Binance Coin rise to an early Sunday high $336.87 before falling to a low $329.82.

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

BNBUSD 200621 Daily Chart

Litecoin

Litecoin fell by 5.76% in the week ending 19th June. Following a 6.45% decline from the previous week, Litecoin ended the week at $152.53.

A bullish start to the week saw Litecoin rise to a Tuesday intraweek high $181.26 before hitting reverse.

Litecoin broke through the 62% FIB of $174 to test the first major resistance level at $181.

The reversal saw Litecoin slide back through the 62% FIB of $174 to a Friday intraweek low $151.11.

Steering clear of the first major support level at $144, however, Litecoin found support to end the week at $152 levels.

4 days in the red that included a 4.88% fall on Tuesday and a 6.44% slide on Friday delivered the downside for the week.

For the week ahead

Litecoin would need to move through the $162 pivot to bring the first major resistance level at $172 and the 62% FIB of $174 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels.

Barring an extended crypto rally, the first major resistance level and 62% FIB would likely limit any upside.

In the event of a broad-based crypto rally, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $192.

Failure to move through the $162 pivot would bring the first major support level at $142 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $132.

At the time of writing, Litecoin was down by 0.26% to $152.13. A mixed start to the week saw Litecoin rise to an early Sunday high $153.34 before falling to a low $150.50.

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

LTCUSD 200621 Daily Chart

Tron’s TRX

Tron’s TRX rose by 0.35% in the week ending 19th June. Following a 9.41% fall from the previous week, Tron’s TRX ended the week at $0.06815.

A mixed start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.06297 before making a move.

Steering clear of the first major support level at $0.06122, Tron’s TRX rose to a Thursday intraweek high $0.07714.

While falling short of the first major resistance level at $0.07856, Tron’s TRX broke through the 62% FIB of $0.07480.

A bearish end to the week, however, saw Tron’s TRX fall back through the 62% FIB to end the week at sub-$0.070 levels.

4 days in the green that included a 7.02% rally on Thursday delivered the upside.

For the week ahead

Tron’s TRX would need to move through the $0.06942 pivot to support a run at the 62% FIB of $0.07480 and the first major resistance level at $0.07587.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the 62% FIB.

Barring a broad-based crypto rally, first major resistance level and last week’s high $0.07714 would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.085. The second major resistance level sits at $0.08359.

Failure to move through the $0.06942 pivot would bring the first major support level at $0.06170 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.05525.

At the time of writing, Tron’s TRX was down by 0.80% to $0.06761. A mixed start to the week saw Tron’s TRX rise to an early Sunday high $0.06883 before falling to a low $0.06710.

Tron’s TRX left the support and resistance levels untested early on.

TRXUSD 200621 Daily Chart

The Crypto Daily – Movers and Shakers – September 21st, 2020

Cryptomania

Bitcoin, BTC to USD, slid by 4.57% on Monday. Following on from a 1.47% decline on Sunday, Bitcoin ended the day at $10,435.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,000.0 before hitting reverse.

Falling short of the first major resistance level at $11,095, Bitcoin slid to an early afternoon intraday low $10,321.0.

Bitcoin fell through the first major support level at $10,777 and the second major support level at $10,618.

Finding late support, however, Bitcoin tested resistance at $10,500 before wrapping up the day at $10,435.0.

The near-term bullish trend remained intact, supported by the latest pullback. 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 bearish start to the week.

Cardano’s ADA and Tezos led the way down with losses of 10.73% and 11.06% respectively.

Bitcoin Cash ABC (-5.98%), EOS (-6.31%), Ethereum (-8.33%), Litecoin (-8.43%), Ripple’s XRP (-6.39%), Stellar’s Lumen (-8.98%), and Tron’s TRX (-7.76%) also saw heavy losses.

Binance Coin (-2.41%), Bitcoin Cash SV (-0.75%), and Monero’s XMR (-3.34%) saw relatively modest losses on the day.

At the start of the week, the crypto total market rose to a Monday high $334.04bn before sliding to a Monday low $306.69bn. At the time of writing, the total market cap stood at $313.92bn.

Bitcoin’s dominance fell to a Monday low 60.89% before rising to a high 62.04%. At the time of writing, Bitcoin’s dominance stood at 61.62%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $10,467.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,465.0 before rising to a high $10,488.2.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down by 0.11% to buck the trend early on.

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

At the time of writing, Tezos was up by 1.91% to lead the way.

BTC/USD 22/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,585 pivot level to support a run at the first major resistance level at $10,850.

Support from the broader market would be needed, however, for Bitcoin to break out from $10,700 levels.

Barring an extended crypto rally, resistance at $10,700 would likely leave Bitcoin short of the first major resistance level.

In the event of a crypto breakout, Bitcoin could test resistance at $11,000 before any pullback. The second major resistance level sits at $11,264.

Failure to move through the $10,585 pivot would bring the first major support level at $10,171 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 levels. The second major support level sits at $9,906.

The Crypto Daily – Movers and Shakers – September 16th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, rose by 1.00% on Tuesday. Following on from a 3.47% rally on Monday, Bitcoin ended the day at $10,797.9.

It was a choppy start to the day. Bitcoin rose to an early morning high $10,840.0 before sliding to a late morning intraday low $10,645.0.

Steering well clear of the first major support level at $10,375, Bitcoin rallied to a mid-day intraday high $10,944.0.

Bitcoin broke through the first major resistance level at $10,889 to test resistance at $11,000.

Easing back in the afternoon, Bitcoin slipped to $10,720 levels before briefly revisiting $10,890 levels.

Coming up against the first major resistance level at $10,889, Bitcoin slipped back to end the day at sub-$10,800 levels.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. 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 on Tuesday.

Bitcoin Cash ABC joined Bitcoin in the green, with a gain of 3.69% to buck the trend.

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

Binance Coin and Tron’s TRX led the way down, with losses of 13.34% and 7.84% respectively.

Cardano’s ADA (-3.63%), Ethereum (-3.46%), Stellar’s Lumen (-2.93%), and Tezos (-4.23%) also struggled.

Bitcoin Cash SV (-0.12%), EOS (-0.92%), Litecoin (-1.59%), Monero’s XMR (-0.69%), and Ripple’s XRP (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Tuesday high $337.61bn. At the time of writing, the total market cap stood at $322.44bn.

Bitcoin’s dominance rose from a Monday low 59.64% to an early Wednesday high 61.39%. At the time of writing, Bitcoin’s dominance stood at 61.26%.

This Morning

At the time of writing, Bitcoin was down by 0.67% to $10,724.9. A bearish start to the day saw Bitcoin fall from an early morning high $10,804.0 to a low $10,688.0.

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

Elsewhere, it was a particularly bearish start to the day for the broader market.

At the time of writing, Binance Coin and Bitcoin Cash ABC were down by 3.16% and by 3.06% to lead the way down.

Bitcoin Cash SV bucked the trend early on, rising by 1.65%.

BTC/USD 16/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,795 pivot level to support a run at the first major resistance level at $10,946.

An early move back through to $10,800 levels would be needed, however, for Bitcoin to return to $10,900 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $10,944.0 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,094 before any pullback.

Failure to move through the $10,795 pivot would bring the first major support level at $10,647 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels. The second major support level sits at $10,496.

The Crypto Daily – Movers and Shakers – September 10th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, rose by 0.89% on Wednesday. Partially reversing a 2.42% slide from Tuesday, Bitcoin ended the day at $10,240.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,010.0 before making a move.

Steering clear of the first major support level at $9,866, Bitcoin rallied to a late intraday high $10,359.

Falling short of the first major resistance level at $10,447, Bitcoin fell back to sub-$10,200 levels before wrapping up the day at $10,240.0.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. 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 Wednesday.

Bitcoin Cash SV (-4.96%), EOS (-0.50%), and Tron’s TRX (-3.31%) saw red to buck the trend on the day.

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

Binance Coin (+5.41%) and Ethereum (+4.04%) led the way.

Bitcoin Cash ABC (+1.33%), Cardano’s ADA (+2.66%), Litecoin (+0.82%), Monero’s XMR (+0.10%), Ripple’s XRP (+1.11%), Stellar’s Lumen (+1.12%), and Tezos (+1.26%) trailed the front runners.

In the current week, the crypto total market rose to a Monday high $320.12bn before falling to a Tuesday low $297.87bn. At the time of writing, the total market cap stood at $316.08bn.

Bitcoin’s dominance rose to a Monday high 61.28% before falling to a Wednesday low 59.99%. At the time of writing, Bitcoin’s dominance stood at 60.18%.

This Morning

At the time of writing, Bitcoin was up by 0.62% to $10,303.0. A mixed start to the day saw Bitcoin fall to an early morning low $10,233.1 before rising to a high $10,337.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Tezos was up by 2.81% to lead the way.

BTC/USD 10/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,203 pivot level to support a run at the first major resistance level at $10,396.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $10,359.0

Barring an extended crypto rally, the first major resistance level and resistance at $10,400 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $10,500 before any pullback. The second major resistance level sits at $10,552.

Failure to avoid a fall through the $10,203 pivot would bring the first major support level at $10,047 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,000 and the second major support level at $9,854.

The Crypto Daily – Movers and Shakers – September 8th, 2020

Depositphotos_193678068_s-2019

Bitcoin, BTC to USD, rose by 1.18% on Monday. Following on from a 0.71% gain on Sunday, Bitcoin ended the day at $10,397.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $10,330.0 before hitting reverse.

Falling short of the first major resistance level at $10,417, Bitcoin slid to an early afternoon intraday low $9,913.8.

Bitcoin fell through the first major support level at $10,083 before finding support. While breaking back through to $10,000 levels, it was a late breakout that delivered the upside on the day.

Bitcoin struck a late intraday high $10,428.0 before easing back. The first major resistance level at $10,417 pinned Bitcoin back late on.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. 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.

Binance Coin (-3.02%), Bitcoin Cash ABC (-0.74%), and EOS (-2.05%) bucked the trend on the day.

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

Bitcoin Cash SV led the way, rallying by 6.07%.

Litecoin (+1.90%), Monero’s XMR (+2.40%), Stellar’s Limen (+1.67%), and Tron’s TRX (+3.14%) also found strong support.

Cardano’s ADA (+1.04%), Ethereum (+0.24%), Ripple’s XRP (+1.02%), and Tezos (+0.42%) trailed the front runners on the day.

In the current week, the crypto total market fell to a Monday low $298.39bn before rising to a Monday high $317.27bn. At the time of writing, the total market cap stood at $314.05bn.

Bitcoin’s dominance fell to a Monday low 60.36% before rising to a Monday high 61.19%. At the time of writing, Bitcoin’s dominance stood at 60.79%.

 

This Morning

At the time of writing, Bitcoin was down by 0.45% to $10,350.0. A mixed start to the day saw Bitcoin rise to an early morning high $10,464.0 before falling to a low $10,347.0.

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

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was up by 0.67% to buck the trend.

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

At the time of writing, Tron’s TRX was down by 2.06% to lead the way down.

BTC/USD 08/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,246 pivot level to support a run at the first major resistance level at $10,579.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,500 levels.

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

In the event of a crypto breakout, Bitcoin could test resistance at $10,700 before any pullback. The second major resistance level sits at $10,761.

Failure to avoid a fall through the $10,246 pivot would bring the first major support level at $10,065 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,732.

The Crypto Daily – Movers and Shakers – September 3rd, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, slid by 4.48% on Wednesday. Reversing a 2.32% gain from Tuesday, Bitcoin ended the day at $11,408.0.

Bearish through the morning, Bitcoin slid from an early morning intraday high $11,975.0 to a late morning intraday low $11,183.0.

Bitcoin fell through the first major support level at $11,640 and the second major support level at $11,339.

Finding late morning support, Bitcoin briefly moved through to $11,490 levels before sliding back.

Bitcoin fell back through the second major support level at $11,339 before a partial recovery to $11,400 levels.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 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.

Binance Coin rose by 0.12% to buck the trend on the day.

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

Bitcoin Cash ABC (-10.22%), Bitcoin Cash SV (-9.87%), EOS (-10.55%), and Tezos (-8.73%) led the way down.

Cardano’s ADA (-7.58%), Ethereum (-7.48%), Litecoin (-7.35%), Monero’s XMR (-5.87%), Ripple’s XRP (-6.53%), and Stellar’s Lumen (-6.50%) also saw heavy losses.

Tron’s TRX (-0.43%) saw a relatively modest loss on the day.

In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Wednesday low $341.16bn. At the time of writing, the total market cap stood at $354.65bn.

Bitcoin’s dominance rose to a Monday high 60.44% before falling to a Wednesday low 58.79%. At the time of writing, Bitcoin’s dominance stood at 59.58%.

This Morning

At the time of writing, Bitcoin was up by 0.31% to $11,442.9. A mixed start to the day saw Bitcoin fall to an early morning low $11,376.0 before rising to a high $11,452.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Tezos was down by 0.88% to buck the trend. It was a bullish start for the rest of the pack, with Tron’s TRX jumping by 4.25% early on.

BTC/USD 03/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,522 pivot level to support a run at the first major resistance level at $11,861.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

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

In the event of a crypto breakout, Bitcoin could test resistance at $12,000 before any pullback. The second major resistance level sits at $12,314.

Failure to move through the $11,522 pivot would bring the first major support level at $11,069 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels on the day. The second major support level sits at $10,730.

The Crypto Daily – Movers and Shakers – September 1st, 2020

Depositphotos_193678068_s-2019

Bitcoin, BTC to USD, fell by 0.50% on Monday. Partially reversing a 2.07% gain from Sunday, Bitcoin ended the month up by 2.83% to $11,671.

A bearish start to the day saw Bitcoin slid to a late morning intraday low $11,600 before making a move.

Steering clear of the first major support level at $11,563, Bitcoin rallied to an early afternoon intraday high $11,790.0.

Bitcoin came within range of the first major resistance level at $11,813 before sliding back to sub-$11,700 levels and into the red.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 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.

Cardano’s ADA (+4.46%), Ethereum (+1.16%), and Tron’s TRX (+8.14%) bucked the trend on the day.

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

Litecoin (-3.13%), Monero’s XMR (-3.08%), and Tezos (-4.08%) led the way down.

Binance Coin (-1.99%), Bitcoin Cash ABC (-1.98%), Bitcoin Cash SV (-2.36%), EOS (-1.29%), Ripple’s XRP (-0.59%), and Stellar’s Lumen (-1.49%) also saw red.

For the month, it was also a mixed bag for the majors.

Bitcoin Cash ABC (-9.12%), Bitcoin Cash SV (-17.14%), Cardano’s ADA (-11.80%), and Stellar’s Lumen (-0.48%) saw red in August.

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

Ethereum (+25.09%) and Tron’s TRX (+48.57%) led the way.

Binance Coin (+11.94%), Monero’s XMR (+10.25%), and Tezos (+13.95%) also made solid gains.

EOS (+3.58%), Litecoin (+4.65%), and Ripple’s XRP (+8.32%) saw relatively modest gains.

In the week, the crypto total market fell to a Monday low $353.82bn before rising to a Monday high $365.7bn. At the time of writing, the total market cap stood at $358.05bn.

Bitcoin’s dominance rose to a Monday high 60.44% before falling to a Monday low 59.52%. At the time of writing, Bitcoin’s dominance stood at 59.95%.

This Morning

At the time of writing, Bitcoin was down by 0.33% to $11,632.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,686.0 before sliding to a low $11,552.0.

Bitcoin tested the first major support level at $11,584 early on.

Elsewhere, it was a mixed start to the day.

Tezos was up by 1.18% to buck the trend early on.

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

At the time of writing, Tron’s TRX was down by 1.63% to lead the way down.

BTC/USD 01/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,687 pivot level to support a run at the first major resistance level at $11,774.

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 Monday’s high $11,790 would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $11,877 and resistance at $12,000 could be tested.

Failure to move through the $11,687 pivot would bring the first major support level at $11,585 back into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels on the day. The second major support level sits at $11,497.

The Crypto Daily – The Movers and Shakers – August 27th, 2020

Pattern of coins LTC, ETH, BTC, XMR, XRP on a dark background. Business concept.

Bitcoin, BTC to USD, rose by 1.15% on Wednesday. Partially reversing a 3.60% slide from Tuesday, Bitcoin ended the day at $11,471.1.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $11,219.9 before making a move.

Steering clear of the first major support level at $11,059.6, Bitcoin rose to a late afternoon intraday high $11,546.0.

Falling short of the first major resistance level at $11,700.6, Bitcoin fell back to end the day at sub-$11,500 levels.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 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.

Binance Coin and Tron’s TRX rallied by 3.83% and by 3.24% to lead the way on the day.

Bitcoin Cash ABC (+0.17%), Cardano’s ADA (+1.75%), Ethereum (+0.74%), Monero’s XMR (+0.42%), Ripple’s XRP (+0.05%), and Stellar’s Lumen (+0.80%), also found support.

Bitcoin Cash SV (-0.15%), EOS (-0.15%), Litecoin (-0.45%), and Tezos (-2.16%) saw red on the day, however.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $331.45bn. At the time of writing, the total market cap stood at $345.56bn.

Bitcoin’s dominance fell to a Monday low 60.62% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoin’s dominance stood at 61.26%.

This Morning

At the time of writing, Bitcoin was up by 0.07% to $11,479.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,459.0 before rising to a high $11,492.0.

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

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

At the time of writing, Tron’s TRX was up by 2.34% to lead the way.

BTC/USD 27/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,412 to support a run at the first major resistance level at $11,605.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,546.0.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,738 before any pullback.

Failure to avoid a fall through the $11,412 pivot level would bring the first major support level at $11,279 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels. The second major support level at $11,086 should limit any downside.

The Crypto Daily – Movers and Shakers – August 25th, 2020

Bitcoin coin on white keyboard

Bitcoin, BTC to USD, rose by 0.90% on Monday. Reversing a 0.17% loss from Sunday, Bitcoin ended the day at $11,768.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,605.0 before making a move.

Steering clear of the first major support level at $11,555, Bitcoin struck a late morning intraday high $11,847.0.

Bitcoin broke through the first major resistance level at $11,755 before falling back to an afternoon low $11,714. The second major resistance level at $11,844 had pinned Bitcoin back in the late morning.

Finding support late in the day, however, Bitcoin broke back through the first major resistance level. Resistance at $11,800 limited the upside late in the day.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 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 bullish day for the majors on Monday.

Ethereum (+4.37%), Bitcoin Cash SV (+4.94%), and Tezos (+4.60%) led the way.

Binance Coin (+3.43%), Bitcoin Cash ABC (+3.26%), Litecoin (+2.36%), Monero’s XMR (+3.69%), and Tron’s TRX (+3.34%) also found strong support.

Cardano’s ADA (+1.79%), EOS (+1.99%), Ripple’s XRP (+1.38%), and Stellar’s Lumen (+0.14%) trailed the front runners.

In the current week, the crypto total market rose from a Monday low $348.45bn to a high $358.21bn. At the time of writing, the total market cap stood at $345.46bn.

Bitcoin’s dominance rose to a Monday high 61.44% before falling to a Monday low 60.94%. At the time of writing, Bitcoin’s dominance stood at 61.01%.

This Morning

At the time of writing, Bitcoin was down by 0.15% to $11,750.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,776.0 to a low $11,750.0.

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, Tezos was down by 1.28% to lead the way down.

Monero’s XMR bucked the trend early on, however, rising by 0.04%.

BTC/USD 25/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,740 to support a run at the first major resistance level at $11,875.

Support from the broader market would be needed, however, for Bitcoin to break out Monday’s high $11,847.

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 test the second major resistance level at $11,982 and resistance at $12,000 before any pullback.

Failure to avoid a fall through the $11,740 pivot level would bring the first major support level at $11,633 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels and the second major support level at $11,498.

The Crypto Daily – Movers and Shakers – August 20th, 2020

bitcoin with us dollars and calculator

Bitcoin, BTC to USD, fell by 1.65% on Wednesday. Following on from a 2.79% slide on Tuesday, Bitcoin ended the day at $11,757.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $12,022.5 before hitting reverse.

Falling short of the first major resistance level at $12,300.5, Bitcoin tumbled to a late intraday low $11,565.5.

Bitcoin fell through the first major support level at $11,710.0 before wrapping up the day at $11,750 levels.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 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 also another bearish day for the majors on Wednesday.

EOS (-6.31%) and Tron’s TRX (-7.76%) led the way down.

Bitcoin Cash ABC (-4.17), Bitcoin Cash SV (-4.36%), Cardano’s ADA (-5.30%), Litecoin (-5.13%), Stellar’s Lumen (-5.66%), and Ripple’s XRP (-4.29%), and Tezos (-5.29%) also saw heavy losses.

Binance Coin (-2.65%), Ethereum (-3.49%), and Monero’s XMR (-2.45%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $384.00bn before sliding to a Wednesday low $344.69bn. At the time of writing, the total market cap stood at $355.40bn.

Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoin’s dominance stood at 61.27%.

This Morning

At the time of writing, Bitcoin was up by 0.32% to $11,794.5. A bullish start to the day saw Bitcoin rise from an early morning low $11,757.0 to a high $11,831.0.

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

Elsewhere, it was also a bullish start to the day.

At the time of writing, Tron’s TRX was up by 2.98% to lead the way.

BTC/USD 20/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $11,782 to support a run at the first major resistance level at $11,998.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,900 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $12,022.5 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $12,239 before any pullback.

Failure to avoid a fall through the $11,782 pivot level would bring the first major support level at $11,541 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid the second major support level at $11,325.