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

Bitcoin, BTC to USD, slid by 6.36% on Sunday. Reversing a 4.01% rally from Saturday, Bitcoin ended the week up by 11.11% to $11,053.8.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $12,097 before hitting reverse.

Bitcoin broke through the first major resistance level at $12,022.8 before sliding to an early morning intraday low $10,548.0.

Bitcoin fell through the first major support level at $11,406.8 and the second major support level at $11,008.9.

Steering clear of the third major support level at $10,392.9, Bitcoin briefly revisited $11,300 levels before easing back.

Bitcoin broke back through the second major support level to limit the loss on the day.

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 bearish day on Sunday.

Bitcoin Cash ABC (-11.53%), Bitcoin Cash SV (-11.14%), EOS (-10.93%) led the way down.

Cardano’s ADA (-7.16%), Litecoin (-8.02%), and Tron’s TRX (-7.24%) also saw heavy losses

Binance Coin (-3.10%), Ethereum (-3.92%), Monero’s XMR (-5.16%), Ripple’s XRP (-1.25%), Stellar’s Lumen (-4.85%), and Tezos (-4.89%) saw relatively modest losses on the day.

While it was a bearish Sunday, it was a mixed week.

Ripple’s XRP rallied by 33.5% to lead the way.

Bitcoin Cash ABC (+13.82%), Bitcoin Cash SV (+15.09%), Ethereum (+19.52%), and Litecoin (+17.95%) also found strong support.

Binance Coin (+7.10%), EOS (+8.23%), Monero’s XMR (+8.71%), Stellar’s Lumen (+3.29%), and Tron’s TRX (+2.29%) trailed the front runners.

Cardano’s ADA (-9.99%) and Tezos (-3.19%) bucked the trend in the week, however.

In the week, the crypto total market cap rose from a Monday low $284.79bn to a Sunday high $362.06bn. At the time of writing, the total market cap stood at $331.14bn.

Bitcoin’s dominance rose to a Tuesday high 64.58% before sliding to a Sunday low 61.66%. At the time of writing, Bitcoin’s dominance stood at 62.07.

This Morning

At the time of writing, Bitcoin was up by 0.69% to $11,130.5. A mixed start to the day saw Bitcoin fall to an early morning low $10,943.0 before rising to a high $11,169.0.

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

Elsewhere, it was a bullish start to the day. Stellar’s Lumen was up by 2.46%, at the time of writing, to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,233 pivot to support a run at the first major resistance level at $11,918.

Support from the broader market would be needed, however, for Bitcoin to break out from $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 eye the second major resistance level at $12,782.

Failure to move through the $11,233 pivot level would bring the first major support level at $10,369 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels on the day.

The Crypto Daily – Movers and Shakers – August 2nd, 2020

Bitcoin, BTC to USD, rallied by 4.01% on Saturday. Following a 2.04% gain on Friday, Bitcoin ended the day at $11,804.7.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $11,227 before making a move.

Steering clear of the first major support level at $11,080, Bitcoin rallied to a late intraday high $11,843.0.

Bitcoin broke through the first major resistance level at $11,530 and the second major resistance level at $11,710.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Ethereum (+11.69%), Ripple’s XRP (+12.06%), and Stellar’s Lumen (+10.76%) led the way.

Bitcoin Cash ABC (+6.05%), Bitcoin Cash SV (+5.97%), EOS (+6.71%), Litecoin (+6.01%), Monero’s XMR (+5.94%), and Tezos (+6.87%) also found strong support.

Binance Coin (+4.64%), Cardano’s ADA (+3.79%), and Tron’s TRX (+3.92%) trailed the front runners on the day.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Saturday high $349.72bn. At the time of writing, the total market cap stood at $348.82bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before sliding back. At the time of writing, Bitcoin’s dominance stood at 62.69.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $11,800. A mixed start to the day saw Bitcoin fall to an early morning low $11,788 before rising to a high $11,845.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.09%), Ethereum (+0.45%), Monero’s XMR (+0.30%), Stellar’s Limen (+0.58%), and Tron’s TRX (+0.87%) found early support.

It was a bearish start for the rest of the majors, however, with Litecoin down by 0.87% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,625 pivot to support a run at the first major resistance level at $12,023.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,843.

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 $12,241.

Failure to avoid a fall through the $11,625 pivot level would bring the first major support level at $11,407 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $11,009 and sub-$11,000 levels.

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

Bitcoin, BTC to USD, rallied by 2.04% on Friday. Following a 0.05% gain on Thursday, Bitcoin ended the month up by 24.04% to $11,350.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $10,990 before making a move.

Steering clear of the first major support level at $10,923.2, Bitcoin rose to a late afternoon intraday high $11,440.0.

Bitcoin broke through the first major resistance level at $11,255.4 and the second major resistance level at $11,387.8.

A late pullback saw Bitcoin fall back through the resistance levels before finding support.

Bitcoin broke back through the first major resistance level to wrap up the day at $11,350 levels.

The Rest of the Pack

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

Binance Coin (+7.76%), Bitcoin Cash SV (+7.19%), and Ripple’s XRP (+6.22%) led the way.

Bitcoin Cash ABC (+2.22%), Ethereum (+3.46%), Litecoin (+2.46%), and Monero’s XMR (+4.39%), also found strong support.

EOS (+1.36%), Stellar’s Lumen (+0.73%), Tezos (+1.44%), and Tron’s TRX (+1.93%) trailed the front runners.

Cardano’s ADA bucked the trend, however, falling by 1.17%.

It was a bullish July for the crypto market.

Cardano’s ADA surged by 67.38% to lead the majors.

Bitcoin Cash SV (+46.21%), Ethereum (+53.82%), Litecoin (+41.45%), Ripple’s XRP (+48.21%), and Stellar’s Lumen (+45.72%) also found strong support.

Binance Coin (+34.44%), Bitcoin Cash ABC (+34.87%), EOS (+30.56%), Monero’s XMR (33.17%), Tezos (+20.69%), and Tron’s TRX (+20.39%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $326.94bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.53.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $11,257.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,398 before falling to a low $11,238.0.

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, Bitcoin Cash ABC (+0.14%), Cardano’s ADA (+0.21%), and Stellar’s Lumen (+0.69%) found early support.

It was a bearish start for the rest of the majors, however. Ripple’s XRP was down by 1.44% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,260 pivot to support a run at the first major resistance level at $11,530.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $11,440.

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 $11,710.

Failure to move through the $11,260 pivot level would bring the first major support level at $11,080 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels and the second major support level at $10,810.

The Crypto Daily – Movers and Shakers – July 31st, 2020

Bitcoin, BTC to USD, rose by 0.05% on Thursday. Following on from a 1.70% gain on Wednesday, Bitcoin ended the day at $11,123.0.

A bearish start to the day saw Bitcoin fall to an early afternoon intraday low $10,855.8 before making a move.

Finding support at the first major support level at $10,852, Bitcoin rose to a late high $11,186.1.

Falling well short of the first major resistance level at $11,380, Bitcoin fell back to sub-$11,100 levels and into the red.

Finding late support, however, Bitcoin move struck a final hour intraday high $11,188 before easing back.

In spite of the pullback, Bitcoin closed out the day in the green.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Thursday.

Ethereum rallied by 5.39% to lead the way.

Bitcoin Cash ABC (+2.43%), Bitcoin Cash SV (+1.52%), Litecoin (+2.92%), Monero’s XMR (+2.58%), and Stellar’s Lumen (+1.72%) also found strong support.

Binance Coin (+0.55%), Cardano’s ADA (+0.62%), EOS (+0.90%), Ripple’s XRP (+0.36%), Tezos (+0.90%), and Tron’s TRX (+0.32%) tailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $321.79bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.58.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $11,105.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,149.3 before falling to a low $11,100.3.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.51%), Monero’s XMR (+0.22%), and Tezos (+0.01%) bucked the trend early on.

It was a bearish start for the rest of the majors, with Bitcoin Cash SV down by 0.58% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,056 pivot to support a run at the first major resistance level at $11,255.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,189.2.

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 $11,388.

Failure to avoid a fall through the $11,056 pivot level would bring the first major support level at $10,923 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels and the second major support level at $10,723.

The Crypto Daily – The Movers and Shakers – July 30th, 2020

Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.

Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.

Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.

The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.

The Rest of the Pack

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

Cardano’s ADA slid by 6.46% to lead the way down.

Bitcoin Cash SV (-2.54%), Monero’s XMR (-2.76%), and Stellar’s Lumen (-2.36%) also saw relatively heavy losses.

Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Tron’s TRX (-0.12%) saw more modest losses on the day.

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

Ripple’s XRP rallied by 5.57% to lead the way.

EOS (+0.79%) and Ethereum (+0.20%) also found support.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.14.

This Morning

At the time of writing, Bitcoin was down by 0.35% to $11,077.8. A bearish start to the day saw Bitcoin fall from an early morning high $11,117.4 to a low $11,004.0.

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, Monero’s XMR and Bitcoin Cash SV were up by 1.04% and 0.92% respectively to lead the way.

Binance Coin (+0.05%), Ethereum (+0.16%), and Stellar’s Lumen (+0.23%) also found early support.

It was a bearish start for the rest of the majors, with Ripple’s XRP down by 1.10% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,116 pivot to support a run at the first major resistance level at $11,380.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,355.

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 $11,601.

Failure to move through the $11,116 pivot level would bring the first major support level at $10,852 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels and the second major support level at $10,588.

The Crypto Daily – Movers and Shakers – July 29th, 2020

Bitcoin, BTC to USD, fell by 1.02% on Tuesday. Following Monday’s 11.01% breakout, Bitcoin ended the day at $10,932.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,263 before hitting reverse.

Falling short of the first major resistance level at $11,634, Bitcoin fell to a late morning intraday low $10,590.

Steering clear of the first major support level at $10,200, Bitcoin moved back through to $11,200 levels.

A bearish end to the day, however, saw Bitcoin give up the $11,000 handle to end the day in the red.

The near-term bullish trend remained intact, supported by the latest run at $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 on Tuesday.

Ethereum joined Bitcoin in the red, with a 1.49% loss.

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

Bitcoin Cash ABC and Cardano’s ADA led the way, with gains of 7.54% and 7.83% respectively.

Bitcoin Cash SV (+3.73%), EOS (+5.06%), Litecoin (+4.61%), Monero’s XMR (+3.77%), and Stellar’s Lumen (+3.66%) also found strong support.

Binance Coin (+2.27%), Ripple’s XRP (+2.67%), Tezos (+0.47%), and Tron’s TRX (+2.26%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $285.49bn to a high $335.80bn. At the time of writing, the total market cap stood at $315.11bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.88%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $10,925. A mixed start to the day saw Bitcoin rise to an early morning high $10,994 before falling to a low $10,915.6.

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

Elsewhere, it was a mixed start to the day. Tezos was up by 0.10%, at the time of writing, to buck the trend.

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

Cardano’s ADA was down by 1.85% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $10,928 pivot to support a run at the first major resistance level at $11,267.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,200 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,263 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move back through the $10,928 pivot level would bring the first major support level at $10,594 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $10,255.

Bitcoin and Cardano’s ADA Weekly Technical Analysis – July 27th, 2020

Bitcoin

Bitcoin rose by 7.77% in the week ending 26^th July. Reversing a 0.95% decline from the previous week, Bitcoin ended the week at $9,948.4.

It was another bearish start to the week. Bitcoin fell to a Monday intraweek low $9,154.5 before making a move.

Steering clear of the first major support level at $9,055, Bitcoin rallied to a Sunday intraweek high $10,190.

Bitcoin broke through the week’s major resistance levels before falling back to sub-$9,900 levels.

Finding support at the third major resistance level at $9,849, Bitcoin wrapped up the week at $9,900 levels.

5 days in the green that included 2.43% rally on Monday and 2.40% gain on Friday delivered the upside for the week.

For the week ahead

Bitcoin would need to avoid a fall through $9,764 pivot to bring the first major resistance level at $10,374 into play.

Support from the broader market would be needed for Bitcoin to break out from last week’s high $10,190.

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

In the event of a breakout, Bitcoin could take a run at the second major resistance level sits at $10,800.

Failure to avoid a fall through the $9,764 pivot would bring support levels into play.

A pullback through to sub-$9,500 levels would bring the first major support level at $9,339 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,000 levels.

At the time of writing, Bitcoin was up by 1.36% to $10,084. A bullish start to the week saw Bitcoin rise from an early morning low $9,944.9 to a high $10,095 on Monday.

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

Cardano’s ADA

Cardano’s ADA jumped by 19.80% in the week ending 26^th July. Reversing a 2.23% loss from the previous week, Cardano’s ADA ended the week at $0.1487.

It was a bearish start to the week. Cardano’s ADA fell to a Monday intraweek low $0.11492 before finding support.

Finding support at the first major support level at $0.11503, Cardano’s ADA rallied to a Sunday intraweek high $0.162496.

Cardano’s ADA broke through the first major resistance level at $0.13503 and the second major resistance level at $0.14596.

Coming within range of the third major resistance level at $0.16596 and 38.2% FIB of $0.1652, Cardano’s ADA slid back to sub-$0.14 levels.

The pullback saw Cardano’s ADA fall back through the third major resistance level at $0.16596 and second major resistance level at $0.14596.

Finding late support, however, Cardano’s ADA revisited $0.15 levels before easing back. The second major resistance level pinned Cardano’s ADA back on Sunday.

5-days in the green that included a 17.60% rally on Saturday delivered the upside for the week.

For the week ahead

Cardano’s ADA would need to avoid a fall through the $0.1420 pivot to support a run at 38.2% FIB of $0.1652 and the first major resistance level at $0.1691.

Support from the broader market would be needed, however, for Cardano’s ADA to break back through to $0.16 levels.

Barring another extended crypto rally, the first major resistance level and 38.2% FIB would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.1896 and $0.20 levels could come into play.

Failure to avoid a fall through the $0.1420 pivot would bring the first major support level at $0.1216 into play.

Barring an extended broader-market sell-off, however, Cardano’s ADA should steer of sub-$0.12 levels and the 23.6% FIB of $0.1125.

At the time of writing, Cardano’s ADA was down by 1.91% to $0.14583. A bearish start to the week saw Cardano’s ADA fall from an early Monday high $0.15248 to a low $0.14285.

Cardano’s ADA left the major support and resistance levels untested at the start of the week.

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

Bitcoin, BTC to USD, rose by 2.40% on Sunday. Following on from a 1.63% gain on Saturday, Bitcoin ended the week up by 7.77% to $9,948.4.

It was another mixed start to the day. Bitcoin slipped to an early morning intraday low $9,674.8 before rallying to a late morning intraday high $10,190.0.

Bitcoin broke through the day’s major resistance levels before falling back to sub-$9,900 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,073 and the second major resistance level at $9,874.

Finding late support, however, Bitcoin broke back through the second major resistance level to end the day at $9,900 levels.

Resistance at $10,000 pinned Bitcoin back through the 2^nd half of the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 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 on Sunday.

Monero’s XMR rallied by 6.16% to lead the way.

Cardano’s ADA (+3.43%), Ethereum (+1.90%), and Ripple’s XRP (+0.28%) also joined Bitcoin in the green.

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

Bitcoin Cash SV (-2.93%), Litecoin (-2.21%), and Tezos (-2.22%) led the way down.

Binance Coin (-1.31%), Bitcoin Cash ABC (-1.29%), EOS (-0.60%), Stellar’s Lumen (-1.42%), and Tron’s TRX (-0.99%) also struggled.

It was also a mixed week for the majors.

Stellar’s Lumen fell by 0.99% to buck the trend for the week.

It was a bullish week for the rest of the majors, however, with Ethereum surging by 30.13% to lead the way.

Bitcoin Cash ABC (+11.20%), Cardano’s ADA (+19.80%), Litecoin (+12.77%), and Monero’s XMR (+13.35%) also found strong support.

Binance Coin (+8.66%), Bitcoin Cash SV (+9.46%), EOS (+4.88%), Ripple’s XPR (+7.80%), Tezos (+0.18%), and Tron’s TRX (+5.73%) trailed the front runners.

In the week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Sunday high $305.28bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Sunday low 61.62%. At the time of writing, Bitcoin’s dominance stood at 62.40%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $10,003.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,944.9 before striking a high $10,007.0.

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, Binance Coin and Tezos bucked the trend, with losses of 0.77% and 1.30% respectively.

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

Ethereum was up by 1.79% to lead the way early on.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,938 pivot to support a run at the first major resistance level at $10,201.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,100 levels.

Barring another extended crypto rally, the first major resistance level and Sunday’s high $10,190 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,453.

Failure to avoid a fall through the $9,938 pivot level would bring the first major support level at $9,686 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,423.

The Crypto Daily – Movers and Shakers – July 26th, 2020

Bitcoin, BTC to USD, rose by 1.63% on Saturday. Reversing a 0.58% loss from Friday, Bitcoin ended the day at $9,714.9.

It was bullish day, with Bitcoin rallying from an early morning intraday low $9,555.5 to a late intraday high $9,754.5.

Bitcoin broke through the first major resistance level at $9,645.5 and second major resistance level at $9,731.9 before easing back.

A late pullback saw Bitcoin fall back to sub-$9,700 levels before wrapping up the day at $9,700 levels.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Cardano’s ADA rallied by 17.76% to lead the way.

Bitcoin Cash ABC (+6.00%), Bitcoin Cash SV (+7.59%), Ethereum (+9.30%), and Litecoin (+11.43%) also made strong gains.

Binance Coin (+3.38%), EOS (+4.99%), Monero’s XMR (+2.55%), Ripple’s XRP (+5.23%), Stellar’s Lumen (+4.71%), Tezos (+0.89%), and Tron’s TRX (+3.98%) trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Saturday high $291.48bn. At the time of writing, the total market cap stood at $287.68bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Saturday low 61.70%. At the time of writing, Bitcoin’s dominance stood at 62.07%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $9,696.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,722.8 before falling to a low $9,690.4.

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, Bitcoin Cash ABC (+0.92%) and Bitcoin Cash SV (+0.33%) bucked the trend early on.

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

Stellar’s Lumen was down by 1.35% to lead the way down early on.

https://www.tradingview.com/x/ztgae3yU/

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,675 pivot to support a run at the first major resistance level at $9,794.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,754.5.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,874 and resistance at $10,000. The third major resistance level sits at $10,073.

Failure to avoid a fall through the $9,675 pivot level would bring the first major support level at $9,595 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,476.

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

Bitcoin, BTC to USD, fell by 0.58% on Friday. Reversing a 0.60% gain from Thursday, Bitcoin ended the day at $9,559.1.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,469.7 before making a move.

The pullback saw Bitcoin fall through the first major support level at $9,498.20.

Finding support through the afternoon, Bitcoin rallied to a late intraday high $9,644.0 before hitting reverse.

Falling short of the first major resistance level at $9,708.6, Bitcoin fell back to sub-$9,600 levels to end the day in the red.

The Rest of the Pack

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

Binance Coin (+2.24%), Ethereum (+1.46%), and Tron’s TRX (+0.16%) bucked the trend on the day.

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

Tezos slid by 5.00% to lead the way down.

Bitcoin Cash SV (-2.47%), EOS (-1.99%), Ripple’s XRP (-2.07%), and Stellar’s Lumen (-2.98%) also struggled.

Bitcoin Cash ABC (-0.55%), Cardano’s ADA (-1.78%), Litecoin (-1.82%), and Monero’s XMR (-1.74%) saw relatively modest losses.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Thursday high $286.03bn. At the time of writing, the total market cap stood at $280.82bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Friday low 62.46%. At the time of writing, Bitcoin’s dominance stood at 62.76%.

This Morning

At the time of writing, Bitcoin was up by 0.10% to $9,568.6. A bullish start to the day saw Bitcoin rise from an early morning low $9,559.0 to a high $9,572.5

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (-0.22%), Bitcoin Cash SV (-0.19%), and Monero’s XMR (-0.04%) saw red 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, Cardano’s ADA was up by 2.22% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,558 pivot to support a run at the first major resistance level at $9,646.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,600 levels.

Barring an extended crypto rally, the first major resistance level and Friday high $9,644 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,732 before any pullback.

Failure to avoid a fall through the $9,558 pivot level would bring the first major support level at $9,471 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,383.

The Crypto Daily – The Movers and Shakers – July 24th, 2020

Bitcoin, BTC to USD, rose by 0.60% on Thursday. Following on from a 1.65% rally on Wednesday, Bitcoin ended the day at $9,615.0.

It was a bearish first half of the day. Bitcoin fell to an early afternoon intraday low $9,475.0 before making a move.

Steering clear of the first major support level at $9,361, Bitcoin rallied to a late afternoon intraday high $9,685.4.

Bitcoin came within range of the first major resistance level at $9,698.4 before falling back to sub-$9,600 levels.

Finding late support, however, Bitcoin moved back through to $9,600 levels to deliver the upside on the day.

The Rest of the Pack

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

Binance Coin and Ethereum rallied by 3.64% and by 4.31% respectively to lead the way.

Bitcoin Cash SV (+0.02%), Cardano’s ADA (+0.38%), Monero’s XMR (+2.54%), Ripple’s XRP (+2.30%), Stellar’s Lumen (+0.88%), and Tezos (+2.54%) also found support.

Bitcoin Cash ABC (-0.48%), EOS (-0.43%), Litecoin (-0.18%), and Tron’s TRX (-0.48%) bucked the trend on the day.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before rising to a Thursday high $286.03bn. At the time of writing, the total market cap stood at $281.11n.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Thursday low 62.47. At the time of writing, Bitcoin’s dominance stood at 62.93%.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $9,592.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,615.5 to a low $9,585.7.

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

Elsewhere, it was another mixed start to the day. At the time of writing, Binance Coin was up by 0.04% to buck the trend.

It was a bearish start for the rest of the majors, with Tezos down by 1.36% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $9,592 pivot to support a run at the first major resistance level at $9,709.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,685.4.

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 $9,802.2 before any pullback.

Failure to avoid a fall back through the $9,592 pivot level would bring the first major support level at $9,500 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,300 levels. The second major resistance level at $9,381.4 should limit any downside.

The Crypto Daily – Movers and Shakers – July 22nd, 2020

Bitcoin, BTC to USD, rallied by 2.43% on Tuesday. Reversing a 0.56% decline from Monday, Bitcoin ended the day at $9.402.0.

It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,174.4 to an early afternoon intraday high $9,457.2.

Bitcoin broke through the major resistance levels before falling back to $9,340 levels.

The pullback saw Bitcoin fall through the third major resistance level at $9,358.03 before returning to $9,400 levels.

Resistance at $9,400 capped the upside late in the day.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Tuesday.

Tezos led the way, rallying by 9.29%.

Bitcoin Cash SV (+5.60%), Cardano’s ADA (+4.66%), Ethereum (+4.13%), Litecoin (+4.53%), also found strong support.

Binance Coin (+1.43%), Bitcoin Cash ABC (+2.60%), EOS (+2.32%), Monero’s XMR (+0.68%), Ripple’s XRP (+2.53%), Stellar’s Lumen (+2.59%), and Tron’s TRX (+2.42%) trailed the front runners.

At the start of the week, the crypto total market cap fell to a Monday low $262.70bn before striking a Tuesday high $274.62bn. At the time of writing, the total market cap stood at $270.71bn.

Bitcoin’s dominance fell to a Monday low 63.20% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoin’s dominance stood at 63.76%.

This Morning

At the time of writing, Bitcoin was down by 0.30% to $9,373.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,402.1 to a low $9,373.9.

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 at the time of writing, rising by 0.03%.

It was bearish for the rest of the majors, with Tezos down by 1.60% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,345 pivot to support a run at the first major resistance level at $9,515.

Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,457.2.

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 $9,627 before any pullback.

Failure to avoid a fall through the $9,345 pivot level would bring the first major support level at $9,232 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level sits at $9,062.

Bitcoin and Cardano’s ADA Weekly Technical Analysis – July 20th, 2020

Bitcoin

Bitcoin fell by 0.95% in the week ending 19^th July. Partially reversing a 2.50% gain from the previous week, Bitcoin ended the week at $9,231.2.

It was a bearish start to the week. Bitcoin fell from a Monday intraweek high $9,350 to a Wednesday intraweek low $9,026.6.

Bitcoin fell through the first major support level at $9,095 before finding support in the 2^nd half of the week.

3 consecutive days in the green cut the deficit for the week, with Bitcoin recovering to $9,200 levels.

3-days in the red, however, were enough to leave Bitcoin in negative territory for the week.

For the week ahead

Bitcoin would need to move back through the $9,200 pivot to bring the first major resistance level at $9,380 into play.

Support from the broader market would be needed for Bitcoin to break back through to $9,300 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $9,380 would likely cap any upside.

In the event of a breakout, Bitcoin could take a run at $9,500 levels before any pullback. The second major resistance level at $9,526 would likely cap any upside, however.

Failure to move back through the $9,200 pivot would bring support levels into play.

A pullback through to sub-$9,100 levels would bring the first major support level at $9,055 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,879.0. The 23.6% FIB of $8,900 should limit any downside in the week.

At the time of writing, Bitcoin was down by 0.36% to $9,197.9. A mixed start to the week saw Bitcoin rise to an early Monday high $9,238.2 before falling to a low $9,191.2.

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

Cardano’s ADA

Cardano’s ADA fell by 2.23% in the week ending 19^th July. Following a 29.24% rally from the previous week, Cardano’s ADA ended the week at $0.12409.

It was a mixed start to the week. Cardano’s ADA rose to a Monday intraweek high $0.1369 before ending the day in the red.

Falling short of the first major resistance level at $0.1468, Cardano’s ADA slid to a Thursday intraweek low $0.1169.

Steering clear of the first major support level at $0.10116, Cardano’s ADA recovered to $0.12 levels to limit the downside.

4-days in the red that included a 3.49% loss on Thursday and 3.01% fall on Friday delivered the weekly loss. A 6.61% rally on Tuesday limited the downside for the week, however.

For the week ahead

Cardano’s ADA would need to move through the $0.1260 pivot to support a run at the first major resistance level at $0.1350.

Support from the broader market would be needed, however, for Cardano’s ADA to break back through to $0.130 levels.

Barring another extended crypto rally, the first major resistance level and last week’s high $0.1369 would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.14596 and $0.15 levels could come into play.

Failure to move through the $0.1260 pivot could see Cardano’s ADA see a 2^nd consecutive week in the red.

A pullback through to sub-$0.12 levels would bring the first major support level at $0.1150 and 23.6% FIB of $0.1125 into play.

Barring an extended broader-market sell-off, however, Cardano’s ADA should steer well clear of sub-$0.010 levels. The second major support level at $0.1060 should limit any downside.

At the time of writing, Cardano’s ADA was down by 0.92% to $0.12294. A bearish start to the week saw Cardano’s ADA fall from an early Monday high $0.12444 to a low $0.12267.

Cardano’s ADA left the major support and resistance levels untested at the start of the week.

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

Bitcoin, BTC to USD, rose by 0.46% on Sunday. Following on from a 0.24% gain on Saturday, Bitcoin ended the week down by 0.95% to $9,231.2.

It was a mixed start to the day. Bitcoin rose to an early morning high $9,194.4 before hitting reverse.

Falling short of the major resistance levels, Bitcoin fell to a late morning intraday low $9,111.8 before finding support.

Bitcoin fell through the first major support level at $9,133.77 before rallying to a final hour intraday high $9,299.0.

Bitcoin broke through the first major resistance level at $9,230.77 and second major resistance level at $9,272.43 before pulling back.

The late pullback saw Bitcoin fall back through the second major resistance level to sub-$9,240 levels.

The Rest of the Pack

Across the rest of the majors, it was yet another mixed day on Sunday.

Bitcoin Cash SV (-0.52%), Ripple’s XRP (-0.20%), Stellar’s Lumen (-0.48%), and Tezos (-0.95%) bucked the trend with modest losses.

It was bullish for the rest of the majors.

Binance Coin and EOS rallied by 5.01% and by 3.17% respectively to lead the way.

Bitcoin Cash ABC (+2.11%), Cardano’s ADA (+1.15%), and Ethereum (+1.44%) also found strong support.

Litecoin (+0.42%), Monero’s XMR (+0.89%), and Tron’s TRX (+0.68%) trailed the front runners.

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

Stellar’s Lumen and Tezos bucked the trend, with gains of 5.23% and 5.55% respectively.

It was bearish for the rest of the majors.

Bitcoin Cash ABC (-3.58%), Bitcoin Cash SV (-6.20%), Litecoin (-4.71%), and Tron’s TRX (-3.56%) led the way down.

Binance Coin (-1.64%), Cardano’s ADA (-2.23%), EOS (-1.38%), and Ethereum (-1.50%) also struggled.

Monero’s XMR (-0.52%) and Ripple’s XRP (-0.86%) saw relatively modest losses in the week.

In the week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $266.81bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.46%.

This Morning

At the time of writing, Bitcoin was down by 0.28% to $9,205.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,238.2 to a low $9,192.0.

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, Binance Coin was up by 1.00% to lead the way.

EOS (+0.25%), Litecoin (+0.12%), and Monero’s XMR (+0.74%) also found early support.

It was bearish for the rest of the majors, however. Bitcoin Cash SV was down by 1.35% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $9,214 pivot to support a run at the first major resistance level at $9,316.2.

Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,299.0.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,401.2 before any pullback.

Failure to move back through the $9,214 pivot level would bring the first major support level at $9,129.0 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid the 23.6% FIB of $8,900. The second major resistance level at $9,026.8 should limit any downside.

The Crypto Daily – The Movers and Shakers – July 19th, 2020

Bitcoin, BTC to USD, rose by 0.24% on Saturday. Following on from a 0.19% gain on Friday, Bitcoin ended the day at $9,189.1.

It was another bearish start to the day. Bitcoin fell to an early morning intraday low $9,120.1 before making a move.

Steering clear of the first major support level at $9,114.93, Bitcoin struck a late morning high $9,217.0.

Bitcoin broke through the first major resistance level at $9,206.83 before easing back to $9,170 levels.

Late in the day, Bitcoin broke back through the first major resistance level to an intraday high $9,217.1 before easing back.

Steering clear of the day’s pivot level at $9,155 through the afternoon was key to avoiding a day in the red.

The Rest of the Pack

Across the rest of the majors, it was yet another mixed day on Saturday.

EOS (-0.04%), Stellar’s Lumen (-3.04%), and Tezos (-4.87%) saw red to buck the trend on the day.

It was a bullish day for the rest of the pack, with Ripple’s XRP rallying by 2.94% to lead the way.

Bitcoin Cash ABC (+1.01%), Ethereum (+1.33%), Litecoin (+1.36%), Monero’s XMR (+1.17%), and Tron’s TRX (+1.31%) also found strong support.

Binance Coin (+0.59%), Bitcoin Cash SV (+0.64%), and Cardano’s ADA (+0.60%) saw modest gains on the day.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $266.27bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.55%.

This Morning

At the time of writing, Bitcoin was up by 0.06% to $9,194.3. A mixed start to the day saw Bitcoin fall to an early morning low $9,185.7 before striking a high $9,194.4.

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 up by 1.21% to lead the way.

Binance Coin bucked the trend early on, with a 0.24% loss.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,175.43 pivot to support a run at the first major resistance level at $9,230.77.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,217.1.

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

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,272.43. Resistance at $9,300 would likely cap any upside.

Failure to avoid a fall through the $9,175.43 pivot level would bring the first major support level at $9,133.77 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,078.43 should limit any downside.

The Crypto Daily – Movers and Shakers – July 18th, 2020

Bitcoin, BTC to USD, rose by 0.19% on Friday. Partially reversing a 0.66% fall from Thursday, Bitcoin ended the day at $9,167.3.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,102.1 before making a move.

Steering clear of the first major support level at $9,041.73, Bitcoin rose to a mid-day intraday high $9,194.0.

Falling short of the first major resistance level at $9,242.33, Bitcoin fell back to $9,141 levels before finding support.

Bitcoin briefly revisited $9,190 levels before easing back.

The Rest of the Pack

Across the rest of the majors, it was yet another mixed day on Friday.

Stellar’s Lumen and Tezos rose by 2.22% and by 2.34% to lead the way.

Tron’s TRX (+0.19%) also joined Bitcoin in the green.

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

Cardano’s ADA led the way down, falling by 2.95%.

Binance Coin (-0.58%), Bitcoin Cash ABC (-0.24%), Bitcoin Cash SV (-0.43%), EOS (-0.19%), Ethereum (-0.33%), Litecoin (-0.45%), Monero’s XMR (-0.13%), and Ripple’s XRP (-0.03%) also saw red.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $264.46bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.80%.

This Morning

At the time of writing, Bitcoin was flat at $9,167.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,175.0 before falling to a low $9,163.3.

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

Elsewhere, it was another mixed start to the day.

Bitcoin Cash SV (-0.67%), Cardano’s ADA (-1.06%), Monero’s XMR (-0.50%), Stellar’s Lumen (-3.46%), Tezos (-1.72%), and Tron’s TRX (-0.15%) saw red early on.

Binance Coin (+0.26%), EOS (+0.08%), Ethereum (+0.11%), Litecoin (+0.10%), and Ripple’s XRP (+0.33%) found early support.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,155 pivot to support a run at the first major resistance level at $9,206.83.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,194.0.

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

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,246.37. Resistance at $9,300 would likely cap any upside.

Failure to avoid a fall through the $9,155 pivot level would bring the first major support level at $9,114.93 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major support level at $9,062.57 should limit any downside.

The Crypto Daily – Movers and Shakers – July 17th, 2020

Bitcoin, BTC to USD, fell by 0.66% on Thursday. Following on from a 0.58% decline on Wednesday, Bitcoin ended the day at $9,149.6.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $9,227.2 before hitting reverse.

Falling short of the first major resistance level at $9,267.06, Bitcoin slid to a late morning intraday low $9,026.6.

The reversal saw Bitcoin slide through the first major support level at $9,166.07 and the second major resistance level at $9,122.03.

Finding support at the third major support level at $9,021.03, Bitcoin revisited $9,160 levels before easing back. While breaking back through the second major support level, the first major support level at $9,166.07 pinned Bitcoin back.

The Rest of the Pack

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

Stellar’s Lumen rallied by 8.65% to buck the trend on the day.

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

Cardano’s ADA (-3.50%), Monero’s XMR (-4.02%) and Tezos (-3.53%) led the way down.

Binance Coin (-2.61%), Bitcoin Cash SV (-2.84%), Ethereum (-2.07%), and Litecoin (-2.80%) also struggled.

Bitcoin Cash ABC (-1.28%), EOS (-1.18%), Ripple’s XRP (-1.58%) and Tron’s TRX (-1.90%) saw relatively modest losses.

In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $263.90bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.72%.

This Morning

At the time of writing, Bitcoin was down by 0.10% to $9,140.5. A bearish start to the day saw Bitcoin fall from an early morning high $9,150.8 to a low $9,137.4.

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, Stellar’s Lumen was up by 0.67% to buck the trend.

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

Binance Coin and Tezos were down by 0.64% and by 0.66% respectively to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,135 pivot to support a run at the first major resistance level at $9,242.33.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,227.2.

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

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,335.07. Resistance at $9,400 would likely cap any upside.

Failure to avoid a fall through the $9,135 pivot level would bring the first major support level at $9,041.73 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$8,900 levels. The second major resistance level at $8,933.87 and 23.6% FIB of $8,900 should limit any downside.

The Crypto Daily – The Movers and Shakers – July 15th, 2020

Bitcoin, BTC to USD, rose by 0.13% on Tuesday. Partially reversing a 0.73% loss from Monday, Bitcoin ended the day at $9,263.4.

It was a bearish start to the day. Bitcoin slid to a late morning intraday low $9,107.0 before finding support.

Bitcoin fell through the first major support level at $9,198 and the second major support level at $9,144.0.

Steering clear of sub-$9,100 levels, Bitcoin bounced back to a late intraday high $9,287.3.

While falling short of the first major resistance level at $9,328.0, Bitcoin avoided a fall back into the red.

The Rest of the Pack

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

Cardano’s ADA (+6.59%), Stellar’s Lumen (+3.09%), and Tezos (+2.07%) led the way.

Bitcoin Cash ABC (+0.17%), EOS (+0.55%), Ethereum (+0.49%), Litecoin (+0.09%), Ripple’s XRP (+0.10%), and Tron’s TRX (+0.85%) saw more modest gains on the day.

Binance Coin (-1.74%), Bitcoin Cash SV (-0.42%), and Monero’s XMR (-1.69%) saw red to buck the trend on the day.

In the current week, the crypto total market cap rose to a Monday high $271.57bn before falling to a Tuesday low $262.96bn. At the time of writing, the total market cap stood at $268.27bn.

Bitcoin’s dominance fell to a Monday low 63.37% before rising to a Tuesday high 64.00%. At the time of writing, Bitcoin’s dominance stood at 63.66%.

This Morning

At the time of writing, Bitcoin was up by 0.09% to $9,271.8. A bullish start to the day saw Bitcoin rise from an early morning low $9,263.8 to a high $9,280.0.

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

Elsewhere, it was a mixed start to the day.

Ethereum (+0.11%), Bitcoin Cash SV (+0.43%), and Monero’s XMR (+0.04%) joined Bitcoin in the green.

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

At the time of writing, Tezos was down by 1.14% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,219 pivot to support a run at the first major resistance level at $9,331.47.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels.

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

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,399.53 before any pullback.

Failure to avoid a fall through the $9,219 pivot level would bring the first major support level at $9,151.17 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,038.93 should limit any downside.

Bitcoin and Cardano’s ADA Weekly Technical Analysis – July 13th, 2020

Bitcoin

Bitcoin rose by 2.50% in the week ending 12^th July. Reversing a 1.46% loss from the previous week, Bitcoin ended the week at $9,315.8.

It was a bullish start to the week. Bitcoin rose from a Monday intraweek low $9,075.8 to a Wednesday intraweek high $9,497.2.

Bitcoin broke through the first major resistance level at $9,282 to come up against the second major resistance level at $9,480.0.

Hitting reverse mid-week, Bitcoin fell back through the major resistance levels to $9,133 levels before finding support.

In spite of a choppy end to the week, Bitcoin managed to recover to $9,300 levels on Sunday to close out the week in the green.

4-days in the green that included a 3.05% rally on Monday delivered the upside for the week.

For the week ahead

Bitcoin would need to avoid a fall back through $9,296 pivot to bring the first major resistance level at $9,517 into play.

Support from the broader market would be needed for Bitcoin to break out from last week’s high $9,497.2.

Barring an extended crypto rally, the first major resistance level and last week’s high $9,497.2 would likely cap any upside.

In the event of a breakout, Bitcoin could take a run at $9,700 levels before any pullback. The second major resistance level at $9,718 would likely cap any upside, however.

Failure to avoid a fall through the $9,296 pivot would bring support levels into play.

A pullback through to sub-$9,200 levels would bring the first major support level at $9,095 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$8,900 levels. The 23.6% FIB of $8,900 should limit any downside in the week.

At the time of writing, Bitcoin was down by 0.20% to $9,297.6. A mixed start to the week saw Bitcoin rise to an early Monday high $9,330.0 before falling to a low $9,286.7.

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

Cardano’s ADA

Cardano’s ADA rallied by 29.24% in the week ending 12^th July. Following on from a 22.23% breakout from the previous week, Cardano’s ADA ended the week at $0.12694.

It was another particularly bullish week for Cardano’s ADA.

Cardano’s ADA rallied from a Monday intraweek low $0.095226 to a Wednesday intraweek high $0.14087.

Steering clear of the major support levels, Cardano’s ADA broke through the major resistance levels.

More significantly, Cardano’s ADA broke through the 23.6% FIB of $0.1125 to hit $0.14 levels for the 1^st time since August 2018.

A 2^nd half of the week pullback saw Cardano’s ADA fall through the third major resistance level at $0.13955 and second major resistance level at $0.11644.

Finding support at the first major resistance level at $0.10732, Cardano’s ADA bounced back to $0.1280 levels before easing back.

5 days in the green, that included an 11.88% surge on Tuesday and a 10.45% rally on Wednesday delivered the upside for the week. It was a 4^th consecutive weekly gain for Cardano’s ADA.

For the week ahead

Cardano’s ADA would need to avoid a fall through the $0.1210 pivot to support a run at the first major resistance level at $0.1468.

Support from the broader market would be needed, however, for Cardano’s ADA to breakout from last week’s high $0.14087.

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

In the event of another breakout, the second major resistance level at $0.1667 and 38.2% FIB of $0.1652 could come into play.

Failure to avoid a fall through the $0.1210 pivot could see Cardano’s ADA cough up gains from last week.

A pullback through the 23.6% FIB of $0.1125 would bring the first major support level at $0.10116 into play.

Barring an extended broader-market sell-off, however, Cardano’s ADA should steer well clear of sub-$0.090 levels. The second major support level sits at $0.07537.

At the time of writing, Cardano’s ADA was up by 2.72% to $0.13039. A bullish start to the week saw Cardano’s ADA rise from an early Monday low $0.12609 to a high $0.13295.

Cardano’s ADA left the major support and resistance levels untested at the start of the week.

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

Bitcoin, BTC to USD, rose by 0.76%% on Sunday. Reversing a 0.63% decline from Saturday, Bitcoin ended the week up by 2.50% to $9,315.8.

It was a mixed start to the day for Bitcoin. Bitcoin fell from an early morning high $9,303.8 to a late morning low $9,251.2 before finding support.

Steering clear of the major support and resistance levels, Bitcoin rallied to an early afternoon intraday high $9,368.4.

Breaking through the first major resistance level at $9,305.37 before hitting reverse. Coming up against the second major resistance level at $9,364.43, Bitcoin slid to a late intraday low $9,175.0.

Bitcoin fell through the first major support level at $9,193.67 before bouncing back to $9,340 levels.

The rebound saw Bitcoin break back through the first major resistance level at $9,305.37 to wrap up the day in the green.

The Rest of the Pack

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

Tezos rallied by 4.97% to lead the way on Sunday.

Binance Coin (+4.03%), Bitcoin Cash SV (+1.73%), Cardano’s ADA (+1.45%), Ethereum (+1.52%), Monero’s XMR (+0.82%), Ripple’s XRP (+0.18%), and Stellar’s Lumen (+0.37%) also saw green.

It was a bearish end to the week for the rest of the majors.

Bitcoin Cash ABC (-0.40%), EOS (-0.19%), Litecoin (-0.07%), and Tron’s TRX (-0.85%) saw red.

For the week,

Stellar’s Lumen led the way, surging by 41.84%.

Binance Coin (+18.26%), Bitcoin Cash SV (+19.58%), Cardano’s ADA (+29.24%), Ripple’s XRP (+13.79%), and Tezos (+23.31%) also made solid gains.

Bitcoin Cash ABC (+6.20%), EOS (+8.78%), Ethereum (+6.67%), Litecoin (+7.50%), Monero’s XMR (+9.32%), and Tron’s TRX (+7.24%), trailed the front runners.

In the week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $268.46bn.

Bitcoin’s dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoin’s dominance stood at 63.60%.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $9,287.2. A mixed start to the day saw Bitcoin rise to an early morning high $9,330.0 before falling to a low $9,287.2.

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

Elsewhere, it was a mixed start to the day.

Tezos led the way early on, rising by 3.86%. Bitcoin Cash SV (+0.10%), Cardano’s ADA (+1.41%), and Monero’s XMR (+0.29%) also found early support.

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

At the time of writing, Binance Coin was down by 0.98% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,286 pivot to support a run at the first major resistance level at $9,398.

Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,368.4.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $9,368.4 would likely cap any upside.

In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,479.8 before any pullback.

Failure to avoid a fall through the $9,398 pivot level would bring the first major support level at $9,204.4 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,093.0 should limit any downside.