The Crypto Daily – Movers and Shakers – January 20th, 2021

Bitcoin, BTC to USD, fell by 2.17% on Tuesday. Reversing a 2.22% gain from Monday, Bitcoin ended the day at $35,890.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $37,450.0 before hitting reverse.

Falling short of the first major resistance level at $37,889, Bitcoin slid to a mid-morning low $36,299.0.

Steering clear of the first major support level at $35,176, however, Bitcoin rallied to a late afternoon intraday high $37,936.6.

Continuing to fall short of the first major resistance level at $37,889 Bitcoin slid to a final hour intraday low $35,863.0.

In spite of the late sell-off, Bitcoin continued to steer clear of the first major support level at $35,176.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Binance Coin and Chainlink slid by 6.05% and by 6.79% respectively to lead the way down.

Cardano’s ADA (-1.04%) also saw red on the day.

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

Ethereum rallied by 8.70% to lead the way.

Crypto.com Coin (+5.12%), and Ripple’s XRP (+2.87%) also found strong support.

Bitcoin Cash SV (+0.10%), Litecoin (+0.06%) and Polkadot (+0.92%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $958.80bn before rising to a Tuesday high $1,080.72bn. At the time of writing, the total market cap stood at $1,029.91bn.

Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Tuesday low 65.20%. At the time of writing, Bitcoin’s dominance stood at 65.65%.

This Morning

At the time of writing, Bitcoin was up by 1.14% to $36,298.6. A mixed start to the day saw Bitcoin fall to an early morning low $35,602.0 before rising to a high $36,353.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.33%) and Chainlink (-1.85%) saw red to buck the trend early on, with Bitcoin Cash SV flat.

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

At the time of writing, Crypto.com Coin was up by 4.04% to lead the way.

BTCUSD 200121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,563 to bring the first major resistance level at $37,263 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and Tuesday’s high $37,936.6 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,637.

Failure to avoid a fall through the $36,563 pivot would bring the first major support level at $35,190 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,490.

The Crypto Daily – Movers and Shakers – January 18th, 2021

Bitcoin, BTC to USD, slipped by 0.38% on Sunday. Following on from a 1.91% fall on Saturday, Bitcoin ended the week down by 6.02% to $35,900.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $36,928.0 before hitting reverse.

Falling short of the first major resistance level at $37,553, Bitcoin slid to a late morning intraday low $33,868.0.

Bitcoin fell through the first major support level at $34,974 and the second major support level at $33,906.

Steering clear of the 23.6% FIB of $33,008, Bitcoin revisited $36,900 levels before falling back to sub-$36,000 levels.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink jumped by 15.8% to lead the way, with Binance Coin  and Cardano’s ADA rallying by 6.38% and by 8.64% respectively. Ethereum also avoided the red, rising by a modest 0.43%.

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

Bitcoin Cash SV and Polkadot led the way down, with losses of 3.42% and 4.67% respectively.

Crypto.com Coin (-0.63%), Litecoin (-0.54%), and Ripple’s XRP (-0.68%) saw modest losses on the day.

For the week ending 17th January, it was also a mixed bag for the majors.

Polkadot surged by 95.6% to lead the way, with Chainlink jumping by 46.2%.

Cardano’s ADA also found strong support, rallying by 26.3%, with Binance Coin rising by 7.99%.

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

Bitcoin Cash SV slid by 21.9% to lead the way down.

Litecoin and Ripple’s XRP also struggled, sliding by 16.1% and by 12.0% respectively.

Crypto.com Coin and Ethereum saw relatively modest losses of 2.7% and 1.8% respectively.

In the week, the crypto total market cap fell to a Monday low $803.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,002.00bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Sunday low 66.33%. At the time of writing, Bitcoin’s dominance stood at 66.68%.

This Morning

At the time of writing, Bitcoin was up by 0.33% to $36,018.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,630.0 before striking a high $36,071.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.28%), Chainlink (-0.21%), and Ripple’s XRP (-0.03%) saw red early on.

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

At the time of writing, Cardano’s ADA was up by 3.08% to lead the way, with Binance Coin up by 2.07%.

BTCUSD 180121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $35,565 to bring the first major resistance level at $37,263 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $37,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,625.

Failure to avoid a fall through the $35,565 pivot would bring the first major support level at $34,203 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $32,505. The 23.6% FIB of $33,008 should limit any downside.

The Crypto Daily – Movers and Shakers – January 17th, 2021

Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 6.15% slide on Friday, Bitcoin ended the day at $36,041.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $35,551.0 before making a move.

Steering clear of the major support levels, Bitcoin rose to a late morning intraday high $37,997.0.

Falling short of the first major resistance level at $39,461, Bitcoin slid to a late intraday low $35,418.0.

Steering clear of the first major support level at $34,260, Bitcoin moved back through to $36,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot surged by 39.53% to lead the way.

Cardano’s ADA (+16.05%) and Crypto.com Coin (+15.91%) also found strong support.

Binance Coin (+5.28%) and Ethereum (+4.97%) trailed the front runners.

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

Chainlink slid by -3.24% to lead the way down.

Bitcoin Cash SV (-0.21%), Litecoin (-0.17%), and Ripple’s XRP (-0.36%) saw modest losses on the day.

In the current week, the crypto total market cap fell to a Monday low $804.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,004.03bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Saturday low 66.73%. At the time of writing, Bitcoin’s dominance stood at 67.26%.

This Morning

At the time of writing, Bitcoin was up by 0.47% to $36,211.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,565.0 before striking a high $36,348.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-2.05%), Crypto.com Coin (+2.27%), Ethereum (-0.19%), and Polkadot (-0.52%) struggled early on.

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

At the time of writing, Cardano’s ADA was up by 2.87% to lead the way, with Binance Coin up by 2.22%.

BTCUSD 170121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $36,485 to bring the first major resistance level at $37,553 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and Saturday’s high $37,997.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $39,064.

Failure to move through the $36,485 pivot would bring the first major support level at $34,974 into play.

Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $33,906 and the 23.6% FIB of $33,008.

The Crypto Daily – Movers and Shakers – January 16th, 2021

Bitcoin, BTC to USD, slid by 6.15% on Friday. Reversing a 4.73% rally from Thursday, Bitcoin ended the day at $36,741.0.

It was a mixed start to the day. Bitcoin rise to an early morning intraday high $39,701.0 before hitting reverse.

Falling short of the first major resistance level at $40,536, Bitcoin slid to a late afternoon intraday low $34,500.0.

Bitcoin fell through the first major support level at $37,201 and the second major support level at $35,266.

Finding support late in the day, however, Bitcoin broke back through the second major support level to end the day at $36,700 levels.

The near-term bullish trend remained intact, in spite of the reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink bucked the trend on the day, rallying by 15.7%.

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

Bitcoin Cash SV and Crypto.com Coin slid by 7.11% and by 7.93% respectively to lead the way down.

Ethereum (-5.16%), Litecoin (-5.74%), and Ripple’s XRP (-5.30%) also saw heavy losses.

Binance Coin (-2.18%),Cardano’s ADA (-3.13%), and Polkadot (-3.15%) saw relatively modest losses on the day.

In the current week losses, the crypto total market cap fell to a Monday low $804.33bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,011.91bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Friday low 68.27%. At the time of writing, Bitcoin’s dominance stood at 68.47%.

This Morning

At the time of writing, Bitcoin was up by 1.27% to $37,207.0. A bullish start to the day saw Bitcoin rise from an early morning low $36,731.0 to a high $37,388.0.

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, Polkadot was up by 12.43% to lead the way, with Crypto.com Coin up by 7.74%.

BTCUSD 160121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,981 to bring the first major resistance level at $39,461 into play.

Support from the broader market would be needed for Bitcoin to break back through to $39,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $40,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the all-time high $41,969 and at $42,000 before any pullback. The second major resistance level sits at $42,182.

Failure to avoid a fall through the $36,981 pivot would bring the first major support level at $34,260 into play.

Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $31,780. The 23.6% FIB of $33,008 should limit the downside.

The Crypto Daily – Movers and Shakers – January 15th, 2021

Bitcoin, BTC to USD, rose by 4.73% on Thursday. Following on from a 9.54% rally on Wednesday, Bitcoin ended the day at $39,136.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $36,666.0 before making a move.

Steering clear of the first major support level at $33,937, Bitcoin rallied to an early afternoon intraday high $40,001.0.

Bitcoin broke through the first major resistance level at $39,277 to test resistance at $40,000 before easing back.

A late pullback saw Bitcoin fall back through the first major resistance level to wrap up the day at $39,130 levels.

The near-term bullish trend remained intact, supported by the latest visit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (-0.11%), and Ripple’s XRP (-3.29%) saw red to buck the trend on the day.

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

Polkadot surged by 26.43% to lead the way once more, with Chainlink (+12.48%) and Crypto.com Coin (+11.04%) also on the move.

Binance Coin (+4.28%), Bitcoin Cash SV (+4.17%), Ethereum (+8.89%), and Litecoin (+3.27%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $804.33bn before rising to a Thursday high $1,083.43bn. At the time of writing, the total market cap stood at $1,055.94bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Thursday high 70.28%. At the time of writing, Bitcoin’s dominance stood at 69.36%.

This Morning

At the time of writing, Bitcoin was up by 0.88% to $39,481.0. A mixed start to the day saw Bitcoin fall to an early morning low $39,025.0 before rising to a high $39,701.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Polkadot were down by 0.21% and by 1.69% 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, Crypto.com Coin was up by 2.82% to lead the way.

BTCUSD 150121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $38,601 to bring the first major resistance level at $40,536 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $41,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the all-time high $41,969 before any pullback. The second major resistance level sits at $41,936.

Failure to avoid a fall through the $38,601 pivot would bring the first major support level at $37,201 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$36,000 levels. The second major support level sits at $35,266.

The Crypto Daily – Movers and Shakers – January 13th, 2021

Bitcoin, BTC to USD, fell by 3.63% on Tuesday. Following on from a 7.31% slide on Monday, Bitcoin ended the day at $34,123.0. It was the 4th consecutive day in the red.

It was a mixed start to the day. Bitcoin slipped to an early morning low $33,762.0 before making a move.

Steering clear of the 23.6% FIB of $33,008 and the first major support level at $31,270, Bitcoin struck a mid-morning intraday high $36,656.0.

Falling short of the first major resistance level at $38,912, Bitcoin slid to an early afternoon intraday low $32,427.

While steering clear of the first major support level, Bitcoin fell through the 23.6% FIB of $33,008.

Late in the day, Bitcoin briefly revisited $35,500 levels before sliding back into the deep red.

Despite of the late reversal, Bitcoin avoided a fall back through the 23.6% FIB of $33,008.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Bitcoin Cash SV  rallied by 10.22% to lead the day.

Binance Coin (+0.12%), Cardano’s ADA (+4.89%), Crypto.com Coin (+5.88%), Polkadot (+4.45%), Ripple’s XRP (+1.66%) also found support.

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

Chainlink (-4.13%), Ethereum (-3.56%), and Litecoin (-4.28%) joined Bitcoin in the red.

Early in the week, the crypto total market cap rose to a Monday high $1,040.51 before falling to a Monday low $804.33bn. At the time of writing, the total market cap stood at $888.48bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Monday high 69.97%. At the time of writing, Bitcoin’s dominance stood at 69.00%.

This Morning

At the time of writing, Bitcoin was down by 3.12% to $33,058.0. A bearish start to the day saw Bitcoin fall from an early morning high $34,105.0 to a low $32,931.0.

While leaving the major support and resistance levels untested early on, Bitcoin fell through the 23.6% FIB of $33,008.

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, rising by 0.69%, with Bitcoin Cash SV and Crypto.com Coin flat.

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

At the time of writing, Ethereum was down by 3.65% to lead the way down.

BTCUSD 130121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $34,402 to bring the first major resistance level at $36,631 into play.

Support from the broader market would be needed for Bitcoin to break out from $35,500 levels.

Barring an extended crypto rally, first major resistance level and Tuesday’s high $36,656.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,631.

Failure to move through the $34,402 pivot would bring the 23.6% FIB of $33,008 and the first major support level at $32,148 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,173 should limit the downside.

The Crypto Daily – Movers and Shakers – January 11th, 2021

Bitcoin, BTC to USD, slid by 4.90% on Sunday. Following on from a 0.82% decline on Saturday, Bitcoin ended the week up by 15.79% to $38,200.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $41,399 before hitting reverse.

Falling short of the first major resistance level at $41,478, Bitcoin slid to a late intraday low $35,260.0.

The sell-off saw Bitcoin fall through the first major support level at $38,779 and the second major support level at $37,390.

Steering clear of sub-$35,000 support levels, however, Bitcoin revisited $38,900 levels before easing back.

The first major support level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Polkadot bucked the trend on the day, rising by a modest 0.23%.

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

Bitcoin Cash SV  slid by 11.27% to lead the way down, with Cardano’s ADA (-9.16%) and Chainlink (-7.90%) also seeing heavy losses.

Binance Coin (-3.54%), Crypto.com Coin (-1.34%), Ethereum (-2.04%), Litecoin (-4.32%), and Ripple’s XRP (-3.16%) also struggled, however.

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

Polkadot bucked the trend for the week, falling by 20.7%.

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

Bitcoin Cash SV (+48.6%), Cardano’s ADA (+45.9%), Crypto.com Coin (+35.4%), and Ripple’s XRP (+39.65%) led the way.

Chainlink (+18.11%) and Ethereum (+28.02%) also saw solid gains, while Litecoin rose by just 5.43%.

In the week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Sunday high $1,109.78bn. At the time of writing, the total market cap stood at $1,018.17bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 68.93%.

This Morning

At the time of writing, Bitcoin was down by 1.69% to $37,556.0. A mixed start to the day saw Bitcoin rise to an early morning high $38,277.0 before falling to a low $37,435.0.

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, Crypto.com Coin was down by 7.03% to lead the way down.

BTCUSD 110121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $38,286 to bring the first major resistance level at $41,313 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, first major resistance level and Sunday’s high $41,399 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $44,000 before any pullback. The second major resistance level sits at $44,425.

Failure to move through the $38,286 pivot would bring the first major support level at $35,174 into play.

Barring another extended crypto sell-off, Bitcoin should steer well clear of the 23.6% FIB of $33,008. The second major support level sits at $32,147.

The Crypto Daily – Movers and Shakers – January 10th, 2021

Bitcoin, BTC to USD, fell by 0.82% on Saturday. Partially reversing a 2.85% gain from Friday, Bitcoin ended the day at $40,168.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $40,915.0 before hitting reverse.

Falling short of the major resistance levels, Bitcoin fell to a mid-morning intraday low $38,700.0.

Steering clear of the first major resistance level at $37,386, Bitcoin rallied to a mid-afternoon intraday high $41,399.0.

Falling short of the first major resistance level at $42,800, Bitcoin fell back to sub-$40,000 levels.

Finding late support, however, Bitcoin moved back through to $40,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV surged by 61.14% to lead the pack, with Chainlink rallying by 15.41%.

Cardano’s ADA (+8.99%), Ethereum (+5.27%), and Polkadot (+5.97%) also made solid gains.

Binance Coin (+3.71%), Crypto.com Coin (+3.40%), Litecoin (+3.14%), and Ripple’s XRP (+1.36%) trailed the front runners.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,086.23bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 69.47%.

This Morning

At the time of writing, Bitcoin was up by 0.85% to $40,510.0. A bullish start to the day saw Bitcoin rise from an early morning low $40,170.0 to a high $40,540.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-6.14%) and Polkadot (-0.34%) saw red early on to buck the trend.

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

At the time of writing, Chainlink was up by 1.89% to lead the way.

BTCUSD 100121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $40,089 to bring the first major resistance level at $41,478 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $41,399.0.

Barring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $43,500 before any pullback. The second major resistance level sits at $42,788.

Failure to avoid a fall through the $40,089 pivot would bring the first major support level at $38,779 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$38,000 levels. The second major support level sits at $37,390.

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

Bitcoin, BTC to USD, rose by 2.85% on Friday. Following on from a 7.09% rally on Thursday, Bitcoin ended the day at $40,509.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $36,555.0 before making a move.

The pullback saw Bitcoin fall through the first major support level at $36,889.

Steering clear of sub-$36,000 levels, Bitcoin rallied to a mid-afternoon intraday high and a new swing hi $41,969.0.

Bitcoin broke through the first major resistance level at $41,148 before falling back to sub-$39,000 levels.

Finding late support, however, Bitcoin move back through to $40,500 levels to deliver the upside for the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink and Polkadot slid by 4.64% and by 6.19% to lead the way down.

Binance Coin (-2.81%), Ethereum (-0.83%), and Ripple’s XRP (-0.84%) also saw red on the day.

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

Bitcoin Cash SV rose by 3.39% to lead the pack.

Cardano’s ADA (+1.71%), Crypto.com Coin (+2.71%), and Litecoin (+1.60%) also joined Bitcoin in the green.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,052.85bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 70.99%.

This Morning

At the time of writing, Bitcoin was down by 0.84% to $40,169.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,915.0 before falling to a low $40,136.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Polkadot bucked the trend, with gains of 0.30% and 0.36% respectively.

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

At the time of writing, Ripple’s XRP was down by 3.26% to $0.31062.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $39,678 to bring the first major resistance level at $42,800 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $41,969.0.

Barring an extended crypto rally, first major resistance level and resistance at $43,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $45,500 before any pullback. The second major resistance level sits at $45,092.

Failure to avoid a fall through the $39,678 pivot would bring the first major support level at $37,386 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$36,000 levels. The second major support level sits at $34,264.

The Crypto Daily – Movers and Shakers – January 8th, 2021

Bitcoin, BTC to USD, rallied by 7.09% on Thursday. Following on from Thursday’s 8.19% jump, Bitcoin ended the day at $39,401.0.

It was a mixed start to the day. Bitcoin fell to a late morning intraday low $36,123.6 before making a move.

Steering clear of the first major support level at $34,419, Bitcoin rallied to a late afternoon intraday high and a new swing hi $40,383.4.

Bitcoin broke through the first major resistance level at $38,016 and the second major resistance level at $39,273.

A late pullback, however, saw Bitcoin slide back to sub-$37,000 levels before finding support.

Bitcoin broke back through the first and second major resistance levels to wrap up the day at $39,400 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $17,899 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA and Polkadot slid by 10.30% and by 10.80% respectively to lead the way down.

Chainlink (-7.53%) and Bitcoin Cash SV (-2.86%) also saw red on the day.

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

Ripple’s XRP surged by 29.93% to lead the pack.

Binance Coin (+3.14%), Crypto.com Coin (+5.31%), Ethereum (+1.21%), and Litecoin (+0.18%) also avoided the red on the day.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Thursday high $1,097.16bn. At the time of writing, the total market cap stood at $1,021.96bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Thursday high 70.68%. At the time of writing, Bitcoin’s dominance stood at 70.40%.

This Morning

At the time of writing, Bitcoin was down by 0.84% to $39,072.0. A mixed start to the day saw Bitcoin rise to an early morning high $39,663.3 before falling to a low $38,904.1.

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

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

Cardano’s ADA (+0.10%), Crypto.com Coin (+1.29%), and Ripple’s XRP (+2.80%) found early support, with Bitcoin Cash SV flat.

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

At the time of writing, Ethereum was down by 1.43% to lead the way.

BTCUSD 080121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $38,636 to bring the first major resistance level at $41,148 into play.

Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $40,383.4.

Barring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $42,896.

Failure to avoid a fall through the $38,636 pivot would bring the first major support level at $36,889 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$36,000 levels. The second major support level sits at $34.376.

The Crypto Daily – Movers and Shakers – January 6th, 2021

Bitcoin, BTC to USD, rallied by 6.23% on Tuesday. Reversing a 3.03% slide from Monday, Bitcoin ended the day at $33.985.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $32,861.0 before hitting reverse.

Falling short of the first major resistance level at $34,209, Bitcoin slid to a mid-morning intraday low $29,861.0.

Steering clear of the first major support level at $29,156, Bitcoin rallied to a late intraday high $34,493.0.

Bitcoin broke through the first major resistance level at $34,209 before falling back to sub-$34,000 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 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.

Polkadot (-3.75%) and Ripple’s XRP (-4.09%) saw red to buck the trend on the day, with Crypto.com Coin ending the day flat.

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

Cardano’s ADA rallied by 15.11% to lead the way.

Ethereum (+5.90%) and Chainlink (+6.78%) also saw solid gains on the day.

Binance Coin (+2.03%), Bitcoin Cash SV (+2.44%), Litecoin (+2.28%) trailed the front runners, however.

At the start of the week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Tuesday high $943.21bn. At the time of writing, the total market cap stood at $906.55bn.

Bitcoin’s dominance rose to a Monday high 70.25% before falling to a Monday low 67.66%. At the time of writing, Bitcoin’s dominance stood at 69.37%.

This Morning

At the time of writing, Bitcoin was down by 0.65% to $33,764.0. A mixed start to the day saw Bitcoin rise to an early morning high $34,156.5 before falling to a low $33.335.0.

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

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

Crypto.com Coin was up by 2.65% to buck the trend early on.

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

At the time of writing, Ethereum was down by 2.06% to lead the way down.

BTCUSD 060121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $32,780 to bring the first major resistance level at $35,698 into play.

Support from the broader market would be needed for Bitcoin to break through to $35,000 levels.

Barring an extended crypto rally, resistance at $35,000 would likely leave Bitcoin short of the first major resistance level.

In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $37,412.

Failure to avoid a fall through the $32,780 pivot would bring the first major support level at $31,066 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $28,148.

The Crypto Daily – Movers and Shakers – January 4th, 2021

Bitcoin, BTC to USD, rose by 2.43% on Sunday. Following on from a 9.65% rally on Saturday, Bitcoin ended the week up by 25.6% to $32,968.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $31,975.0 before making a move.

Steering clear of the first major support level at $29,691, Bitcoin surged to a mid-morning intraday high and a new swing hi $34,873.0.

Bitcoin broke through the first major resistance level at $33,983 to test resistance at $35,000 before hitting reverse.

The reversal saw Bitcoin fall back to $32,200 levels before finding support.

Avoiding negative territory, Bitcoin revisited $33,800 levels before falling back to sub-$33,000 levels. The first major resistance level at $33,983 had pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 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.

Crypto.com Coin fell by 8.76% to buck the trend on the day.

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

Ethereum surged by 26.5% to lead the way.

Cardano’s ADA (+16.3%), Chainlink (+12.18%), and Litecoin (+17.8%) also impressed on the day.

Binance Coin (+7.96%), Bitcoin Cash SV (+5.42%), Polkadot (+7.18%), and Ripple’s XRP (+1.85%) trailed the front runners on the day.

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

Ethereum and Polkadot surged by 43.3% and by 56.8% respectively to lead the way.

Binance Coin (+23.0%), Cardano’s ADA (+33.7%), Chainlink (+12.9%), and Litecoin (+26.5%) also made solid gains.

Bitcoin Cash SV (+5.8%) and Crypto.com Coin (+3.5%) trailed the front runners with modest gains.

Ripple’s XRP fell by 20.6%, however, to buck the trend in the week.

In the week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to a Sunday high $924.85bn. At the time of writing, the total market cap stood at $867.05bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Sunday high 73.63%. At the time of writing, Bitcoin’s dominance stood at 70.14%.

This Morning

At the time of writing, Bitcoin was down by 0.90% to $32,671.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,054.4 before falling to a low $32.352.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.37%), Cardano’s ADA (+4.73%), Chainlink (+2.44%), and Polkadot (+0.31%) found early support to buck the trend early on.

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

At the time of writing, Bitcoin Cash SV was down by 2.62% to lead the way down.

BTCUSD 040121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $33,272 to bring the first major resistance level at $34,569 into play.

Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $34,873.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,170.

Failure to move through the $36,272 pivot would bring the first major support level at $31,671 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$31,000 levels. The second major support level sits at $30,374.

The Crypto Daily – Movers and Shakers – January 3rd, 2021

Bitcoin, BTC to USD, surged by 9.65% on Saturday. Following on from a 1.42% gain on Friday, Bitcoin ended the day at $32,183.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $29,000.0 before making a move.

Steering clear of the first major support level at $28,837, Bitcoin rallied to an early evening intraday high $33,292.0.

The day-long rally saw Bitcoin break through the day’s major resistance levels to hit a new swing hi and all-time high before easing back.

In spite of a pullback to $32,100 levels, Bitcoin avoided a fall back through the third major resistance level at $31,036.

The near-term bullish trend remained intact, supported by the latest breakthrough to $33,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,190 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP slid by 7.16% to buck the trend on the day.

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

Crypto.com Coin and Litecoin rallied by 10.53% and by 8.38% to lead the way, with Ethereum rising by 6.06%.

Binance Coin (+1.18%), Bitcoin Cash SV (+2.55%), Cardano’s ADA (+1.31%), Chainlink (+2.85%), Polkadot (+1.43%) and saw relatively modest gains on the day.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before surging to a Saturday high $866.00bn. At the time of writing, the total market cap stood at $830.22bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Saturday high 72.92%. At the time of writing, Bitcoin’s dominance stood at 72.62.

This Morning

At the time of writing, Bitcoin was up by 0.82% to $32,447.9. A mixed start to the day saw Bitcoin fall to an early morning low $31,975.0 before rising to a high $32,501.0.

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

Elsewhere, it was a mixed start to the day.

Chainlink (+0.28%), Ethereum (+0.50%), and Litecoin (+0.54%) joined Bitcoin in the green, with Bitcoin Cash SV flat.

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

At the time of writing, Crypto.com Coin was down by 7.52% to lead the way down.

BTCUSD 030121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $31,492 to bring the first major resistance level at $33,983 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $33,292.0.

Barring an extended crypto rally, the first major resistance level and resistance at $34,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $35,784.

Failure to avoid a fall through the $31,492 pivot would bring the first major support level at $29,691 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$29,000 levels. The second major support level sits at $27,200.

The Crypto Daily – Movers and Shakers – January 2nd, 2021

Bitcoin, BTC to USD, rose by 1.42% on Friday. Following on from a 0.18% gain on Thursday, Bitcoin ended the day at $29,349.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $28,716.0 before making a move.

Steering clear of the first major support level at $27,902, Bitcoin rose to an early morning high $29,488.0.

Falling short of the major resistance levels, Bitcoin fell back to sub-$29,000 levels.

Finding support through the late morning, however, Bitcoin struck a mid-day intraday high and a new swing high $29,620.0.

Coming within range of the first major resistance level at $29,631, Bitcoin slid back to $28,700 levels.

A late move back through to $29,300 levels delivered the upside for the day, however.

The near-term bullish trend remained intact, supported by the latest breakthrough to $29,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,787 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot slid by 11.83% to lead the way down.

Bitcoin Cash SV (-0.80%), Cardano’s ADA (-3.44%), and Ethereum (-0.94%) also struggled.

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

Ripple’s XRP and Chainlink rallied by 8.23% and by 5.50% respectively to lead the way.

Binance Coin (+1.05%), Crypto.com Coin (+2.43%), and Litecoin (+1.70%) saw relatively modest gains on the day.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to an early Friday high $783.43bn. At the time of writing, the total market cap stood at $760.80bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Friday high 71.64%. At the time of writing, Bitcoin’s dominance stood at 71.44%.

This Morning

At the time of writing, Bitcoin was down by 0.66% to $29,155.0. A mixed start to the day saw Bitcoin rise to an early morning high $29,351.4 before falling to a low $29,000.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV and Crypto.com Coin bucked the trend early on, with gains of 0.70 and 3.23% respectively.

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

At the time of writing, Chainlink was down by 2.14% to lead the way down.

BTCUSD 020121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $29,228 to bring the first major resistance level at $29,741 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $29,620.0.

Barring an extended crypto rally, the first major resistance level and resistance at $30,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $30,500 before any pullback. The second major resistance level sits at $30,132.

Failure to move back through the $29,228 pivot would bring the first major support level at $28,837 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$28,500 levels. The second major support level sits at $28,324.

The Crypto Daily – The Movers and Shakers – January 1st, 2021

Bitcoin, BTC to USD, rose by 0.18% on Thursday. Following a 5.74% rally on Wednesday, Bitcoin ended the day at $28,938.5.

It was a bullish start to the day. Bitcoin rose to an early morning intraday high and a new swing hi $29,286.0 before hitting reverse.

Falling short of the first major resistance level at $29,467, Bitcoin slid to an early afternoon intraday low $27,557.0.

The pullback saw Bitcoin fall through the first major support level at $27,802 before finding support.

Late in the day, Bitcoin briefly revisited $29,150 levels before falling back to end the day at sub-$29,000 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $29,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,659 to form a near-term bearish trend.

The Rest of the Pack

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

Polkadot surged 27.85% to lead the way, with Ripple’s XRP (+3.82%) also joining Bitcoin in the green.

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

Litecoin led the way down, sliding by 4.37%.

Binance Coin (-1.78%), Bitcoin Cash SV (-2.14%), Crypto.com Coin (-1.54%), and Ethereum (-2.02%) also struggled.

Cardano’s ADA (-1.03%) and Chainlink (-0.07%) saw relatively modest losses on the day.

In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to an early Friday high $776.82bn. At the time of writing, the total market cap stood at $770.69bn.

Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Thursday high 71.55%. At the time of writing, Bitcoin’s dominance stood at 71.01.

This Morning

At the time of writing, Bitcoin was up by 1.38% to $29,388.0. A mixed start to the day saw Bitcoin fall to an early morning low $28,716.0 before rising to a new swing hi $29,488.0.

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

Elsewhere, it was another mixed start to the day.

Bitcoin Cash SV and Polkadot were down by 0.50% and by 3.53% to buck the trend early on.

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

At the time of writing, Ripple’s XRP was up by 6.39% to lead the way.

BTCUSD 010121 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $28,594 to bring the first major resistance level at $29,639 back into play.

Support from the broader market would be needed for Bitcoin to break out from the morning high $29,488.0.

Barring an extended crypto rally, the first major resistance level and resistance at $30,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $30,500 before any pullback. The second major resistance level sits at $30,322.

Failure to avoid a fall through the $28,594 pivot would bring the first major support level at $27,902 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$27,500 levels. The second major support level sits at $26,865.

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

Bitcoin, BTC to USD, rose by 1.01% on Tuesday. Following on from a 3.09% rally on Monday, Bitcoin ended the day at $27,316.0.

It was a relatively choppy day. Bitcoin fell to an early morning low $25,859.0 before making a move.

The sell-off saw Bitcoin fall through the first major support level at $26,267.

Steering clear of sub-$25,500 support levels, Bitcoin revisited $27,000 levels before a 2nd pullback.

Bitcoin fell back to an afternoon low $26,205.0 before bouncing back to a late intraday high $27,329.0.

In spite of the late high, Bitcoin continued to fall short of the first major resistance level at $27,641.

The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 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.

Ripple’s XRP slid by 10.65% to lead the way down.

Bitcoin Cash SV (-3.51%), Chainlink (-6.56%), Crypto.com Coin (-3.03%), and Litecoin (-0.76%) also saw red on the day.

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

Polkadot rallied by 13.04% to lead the pack, with Binance Coin (+8.79%) and Cardano’s ADA (+8.21%) also making solid gains.

Ethereum (+0.29%) trailed the front runners, however.

Early in the week, the crypto total market cap rose to a Monday high $738.59bn before falling to a Tuesday low $678.76bn. At the time of writing, the total market cap stood at $732.14bn.

Bitcoin’s dominance rose to an early Monday high 70.82% before falling to a Monday low 69.13%. At the time of writing, Bitcoin’s dominance stood at 70.21%.

This Morning

At the time of writing, Bitcoin was up by 1.09% to $27,615.0. A bullish start to the day saw Bitcoin rise from an early morning low $27,312.0 to a high $27,792.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-1.70%), Cardano’s ADA (-0.40%), Polkadot (-1.22%), and Ripple’s XRP (-2.18%) were in the red early on.

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

At the time of writing, Crypto.com Coin was up by 7.45% to lead the pack.

BTCUSD 301220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $26,835 to bring the first major resistance level at $27,810 into play.

Support from the broader market would be needed for Bitcoin to break back through to $27,800 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $28,500 before any pullback. The second major resistance level sits at $28,305.

Failure to avoid a fall through the $26,835 pivot would bring the first major support level at $26,340 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,500 levels. The second major support level sits at $25,365.

The Crypto Daily – Movers and Shakers – December 28th, 2020

Bitcoin, BTC to USD, fell by 0.69% on Sunday. Following a 6.85% rally on Saturday, Bitcoin ended the week up by 12.01% to $26,241.0.

It was another mixed start to the day. Bitcoin fell to an early morning low $26,393.0 before making a move.

Steering clear of the first major support level at $25,027, Bitcoin rallied to a late morning intraday high and a new swing hi $28,244.0.

Bitcoin broke through the first major resistance level at $27,261 and the second major resistance level at $28,109.

An afternoon pullback, however, saw Bitcoin slide to a late intraday low $25,813.0 before a partial recovery to $26,200 levels. In spite of the late pullback, Bitcoin steered clear of the first major support level at $25,027.

The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 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.

Chainlink rallied by 10.52% to lead the way, with Ethereum rising by 7.42%. Bitcoin Cash SV also bucked the trend, with a 0.58% gain, while Binance Coin ended the day flat.

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

Ripple’s XRP fell by 3.76% to lead the way down.

Cardano’s ADA (-2.27%), Crypto.com Coin (-3.53%), Litecoin (-1.51%), and Polkadot (-0.17%) also saw joined Bitcoin in the red.

It was also a mixed week for the majors.

Ripple’s XRP slid by 49% to lead the way down.

Binance Coin (-2.01%), Bitcoin Cash SV (-9.80%), Cardano’s ADA (-4.50%), Chainlink (-7.13%), Crypto.com Coin (-14.58%), and Polkadot (-11.39%) also saw red.

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

Litecoin rallied by 11.30% to lead the pack, with Ethereum (+7.20%) also joining Bitcoin in the green.

In the week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Sunday high $754.26bn. At the time of writing, the total market cap stood at $711.83bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Sunday high of 72.06%. At the time of writing, Bitcoin’s dominance stood at 70.23%.

This Morning

At the time of writing, Bitcoin was up by 2.33% to $26,852.0. A mixed start to the day saw Bitcoin fall to an early morning low $26,068.1 before rising to a high $26,948.0.

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, Ethereum was up by 3.36% to lead the way.

BTCUSD 281220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $26,766 to bring the first major resistance level at $27,719 into play.

Support from the broader market would be needed for Bitcoin to break out from $27,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $29,000 before any pullback. The second major resistance level sits at $29,197.

Failure to avoid a fall back through the $26,766 pivot would bring the first major support level at $25,288 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,000 levels. The second major support level sits at $24,335.

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

Bitcoin, BTC to USD, rallied by 6.85% on Saturday. Following on from a 4.11% gain on Friday, Bitcoin ended the day at $26,413.0.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $24,489.0 before making a move.

Steering clear of the first major support level at $23,449, Bitcoin rallied to a late intraday high and a new swing hi $26,723.0.

Bitcoin broke through the first major resistance level at $25,396 and the second major resistance level at $26,073.

While easing back, Bitcoin avoided a fall back through the second major resistance level, holding onto the $26,000 handle through to the day end.

The near-term bullish trend remained intact, supported by the latest breakthrough to $26,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $12,680 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink (-4.92%), Polkadot (-6.96%), and Ripple’s XRP (-7.60%) saw red to buck the trend on the day once more.

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

Crypto.com Coin rose by 2.94% to lead the way.

Binance Coin (+1.28%), Ethereum (+1.56%), and Litecoin (+1.48%) also found relatively strong support.

Bitcoin Cash SV (+0.02%) and Cardano’s ADA (+0.57%) trailed the front runners, however.

In the current week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Saturday high $715.51bn. At the time of writing, the total market cap stood at $699.49bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 71.03%.

This Morning

At the time of writing, Bitcoin was up by 1.07% to $26,696.0. A bullish start to the day saw Bitcoin rise from an early morning low $26,422.0 to a high $26,710.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.48%), Chainlink (-0.85%), Polkadot (-0.43%), and Ripple’s XRP (-0.76%) saw red early on.

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

At the time of writing, Litecoin was up by 2.38% to lead the way.

BTCUSD 271220 daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $25,875 to bring the first major resistance level at $27,261 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $26,723.0.

Barring an extended crypto rally, the first major resistance level and resistance at $27,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $28,000 before any pullback. The second major resistance level sits at $28,109.

Failure to avoid a fall through the $25,875 pivot would bring the first major support level at $25,027 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,000 levels. The second major support level sits at $23,641.

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

Bitcoin, BTC to USD, rallied by 4.11% on Friday. Following on from a 2.31% gain on Thursday, Bitcoin ended the day at $24,720.1.

It was another mixed start to the day. Bitcoin fell to an early morning low $23,420.0 before making a move.

Steering clear of the first major support level at $23,033, Bitcoin rallied to a late morning high $24,722.0.

Bitcoin broke through the first major resistance level at $24,122 and the second major resistance level at $24,501 before hitting reverse.

The reversal saw Bitcoin slide to an early afternoon intraday low $22,855.

Bitcoin fell through the first major support level at $23,033 before hitting a late intraday high and a new swing hi $24,802.0.

The rebound saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $24,700 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,946 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink (-0.29%), Polkadot (-2.20%), and Ripple’s XRP (-5.94%) saw red to buck the trend on the day.

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

Litecoin rallied by 14.84% to lead the way.

Bitcoin Cash SV (+2.96%), Cardano’s ADA (+2.99%), and Crypto.com Coin (+3.96%) also found relatively strong support.

Binance Coin (+2.13%) and Ethereum (+2.37%) trailed the front runners, however.

In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $657.72bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.49%.

This Morning

At the time of writing, Bitcoin was down by 0.51% to $24,594.0. A mixed start to the day saw Bitcoin rise to an early morning high $24,775.0 before falling to a low $24,550.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP (-2.02%), Cardano’s ADA (-0.29%), and Litecoin (-0.12%) joined Bitcoin in the red early on.

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

At the time of writing, Crypto.com Coin was up by 2.42% to lead the way.

BTCUSD 261220 Monthly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $24,126 to bring the first major resistance level at $25,396 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $24,802.0.

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

In the event of another extended crypto rally, Bitcoin could test resistance at $26,000 before any pullback. The second major resistance level sits at $26,073.

Failure to avoid a fall through the $24,126 pivot would bring the first major support level at $23,449 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,179.

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

Bitcoin, BTC to USD, rose by 2.31% on Thursday. Reversing most of Wednesday’s 2.50% fall, Bitcoin ended the day at $23,743.5.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $22,701.0 before making a move.

Steering clear of the first major support level at $22,527, Bitcoin rallied to a final hour intraday high $23,790.0.

Falling short of the first major resistance level at $24,016, Bitcoin eased back to end the day at $23,740 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin slid by 5.12% to buck the trend on the day.

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

Ripple’s XRP surged by 29.65% to lead the way.

Cardano’s ADA (+11.78%) and Litecoin (+8.53%) also found strong support.

Binance Coin (+4.15%), Bitcoin Cash SV (+3.85%), Chainlink (+5.17%), Ethereum (+4.60%), and Polkadot (+6.11%) trailed the front runners, however.

In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $635.77bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.01%.

This Morning

At the time of writing, Bitcoin was down 0.39% to $23,651.0. A mixed start to the day saw Bitcoin rise to an early morning high $23,831.0 before falling to a low $23,567.0.

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 (+0.94%), Crypto.com Coin (+3.96%), and Polkadot (+0.42%) found early support to buck the trend early on.

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

At the time of writing, Ripple’s XRP was down by 0.72% to lead the way down.

BTCUSD 251220 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $23,412 to bring the first major resistance level at $24,122 into play.

Support from the broader market would be needed for Bitcoin to break back through to $24,000 levels.

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

In the event of another extended crypto rally, Bitcoin could test resistance at $24,500 before any pullback. The second major resistance level sits at $24,501.

Failure to avoid a fall through the $23,412 pivot would bring the first major support level at $23,033 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,323.