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

Bitcoin, BTC to USD, rose by 0.88% on Friday. Following on from a 1.39% gain on Thursday, Bitcoin ended the day at $13,568.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $13,673.0 before hitting reverse.

Falling short of the first major resistance level at $13,729, Bitcoin slid to a mid-morning intraday low $13,120.0

Steering clear of the first major support level at $13.072, Bitcoin rose to a late afternoon high $13,673.0 before easing back.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 bearish day on Friday.

Binance Coin and Crypto.com Coin slid by 4.52% and by 5.88% to lead the way down.

Bitcoin Cash SV (-2.30%), Cardano’s ADA (-1.92%), Chainlink (-1.65%), Ethereum (-1.22%), Litecoin (-1.55%), and Ripple’s XRP (-1.36%) also struggled.

Bitcoin Cash ABC (-1.06%) and Polkadot (-0.33%) saw relatively modest losses on the day.

In current the week, the crypto total fell to a Wednesday low $377.69bn before striking a Friday high $585.96. At the time of writing, the total market cap stood at $394.82bn.

Bitcoin’s dominance rose to a Friday high 64.16% before sliding to a Saturday low 43.18%. At the time of writing, Bitcoin’s dominance stood at 63.90%.

This Morning

At the time of writing, Bitcoin was up by 0.38% to $13,619.0 A mixed start to the day saw Bitcoin fall to an early morning low $13,525.0 before rising to a high $13,649.0.

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

Elsewhere, it was another mixed start to the day. Cardano’s ADA (-0.05%) and Crypto.com Coin (-1.18%) bucked the trend early on.

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

At the time of writing, Litecoin was up by 1.35% to lead the way.

BTC/USD 31/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $13,454 to bring the first major resistance level at $13,787 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $13,700 levels.

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

In the event of another crypto breakout, Bitcoin could test resistance at $14,000 before any pullback. The second major resistance level sits at $14,007.

Failure to avoid a fall through the $13,454 pivot would bring the first major support level at $13,234 into play.

Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$13,000 levels. The second major support level sits at $12,901.

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

 

Bitcoin, BTC to USD, rose by 1.39% on Thursday. Partially reversing a 2.63% slide from Wednesday, Bitcoin ended the day at $13,450.0.

It was a mixed start to the day. Bitcoin rose to a mid-morning high $13,314.0 before hitting reverse.

Falling short of the first major resistance level at $13,766, Bitcoin slid to a mid-day intraday low $12,972.0.

Steering clear of the first major support level at $12,842, Bitcoin rose to a late afternoon intraday high $13,629.0.

Coming up short of the first major resistance level at $13,766, however, Bitcoin eased back to end the day at sub-$13,500 levels.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Crypto.com Coin rose by 0.67% to buck the trend on the day.

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

Polkadot tumbled by 8.20% to lead the way down.

Binance Coin (-1.60%), Bitcoin Cash SV (-2.09%), Cardano’s ADA (-3.45%), Chainlink (-1.69%), Litecoin (-1.56%), and Ripple’s XRP (1.29%) also struggled.

Bitcoin Cash ABC (-0.55%) and Ethereum (-0.25%) saw relatively modest losses on the day.

In current the week, the crypto total rose to a Tuesday high $410.31bn before falling to a Wednesday low $377.69bn. At the time of writing, the total market cap stood at $392.30bn.

Bitcoin’s dominance fell to a Monday low 61.54% before rising to a Friday morning high 63.64%. At the time of writing, Bitcoin’s dominance stood at 63.55%.

This Morning

At the time of writing, Bitcoin was down by 0.28% to $13,414.0. A mixed start to the day saw Bitcoin rise to an early morning high $13,453.6 before falling to a low $13,325.0.

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

Elsewhere, it was another mixed start to the day. Binance Coin (+0.51%) and Polkadot (+0.69%) bucked the trend early on.

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

At the time of writing,  Cardano’s ADA was down by 0.78% to lead the way down.

BTC/USD 30/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $13,351 to bring the first major resistance level at $13,729 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $13,629.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $14,000 before any pullback. The second major resistance level sits at $14,008.

Failure to avoid a fall through the $13,351 pivot would bring the first major support level at $13,702 into play.

Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$12,800 levels. The second major support level sits at $12,694.

 

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

Bitcoin, BTC to USD, rallied by 4.34% on Tuesday. Following on from a 0.18% gain on Monday, Bitcoin ended the day at $13,626.0.

It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $13,054.0 to a late intraday high $13,769.0.

Bitcoin broke through the first major resistance level at $13,275 and the second major resistance level at $13,491.

A pullback in the final hour, however, saw Bitcoin wrap up the day at sub-$13,700 levels.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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.

Cardano’s ADA (-0.56%) and Polkadot (-4.72%) bucked the trend on the day.

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

Ethereum led the way, rallying by 3.22%.

Binance Coin (+1.38%), Bitcoin Cash ABC (+1.33%), Chainlink (+1.97%), Crypto.com Coin (+2.49%), Litecoin (+2.20%), and Ripple’s XRP (+1.72%) also found strong support.

Bitcoin Cash SV trailed with a 0.26% gain.

In current the week, the crypto total fell to a Monday $378.22bn low before rising to a Tuesday $410,2bn high. At the time of writing, the total market cap stood at $403.43bn.

Bitcoin’s dominance fell to a Monday low of 61.54% before rising to a Wednesday 63.08% high. At the time of writing, Bitcoin’s dominance stood at 63.04%.

This Morning

At the time of writing, Bitcoin was up by 0.67% to $13,717.0. A mixed start to the day saw Bitcoin fall to an early morning low $13,593.0 before rising to a high $13,718.0.

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

Elsewhere, it was a mixed start to the day. Ripple’s XRP was down by 0.27% to buck the trend early on.

Elsewhere it was a bullish start to the day.

At the time of writing, Chainlink was up by 1.00% to lead the way.

BTC/USD 28/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $13,483 to bring the first major resistance level at $13,912 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $13,769.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $14,500 before any pullback. The second major resistance level sits at $14,198.

Failure to avoid a fall through the $13,483 pivot would bring the first major support level at $13,197 into play.

Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,000 levels. The second major support level sits at $12,768.

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

Bitcoin, BTC to USD, fell by 0.69% on Sunday. Partially reversing a 1.52% gain from Saturday, Bitcoin ended the week up by 13.20% to $13,037.

It was another mixed start to the day. Bitcoin rose to an early morning intraday high $13,358.0 before hitting reverse.

Breaking through the first major resistance level at $13,243, Bitcoin came up against the second major resistance level at $13,358.

The reversal saw Bitcoin slide through the first major support level at $12,945 to a mid-morning intraday low $12,850.0

Finding support through the rest of the day, Bitcoin recovered to $13,000 levels to limit the loss on the day.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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.

Bitcoin Cash SV rallied by 8.16%, with Polkadot rising by 0.30% to buck the trend on the day.

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

Chainlink and Crypto.com Coin slid by 4.29% and by 4.63% respectively to lead the way down.

Binance Coin (-1.60%), Bitcoin Cash ABC (-1.50%), Cardano’s ADA (-1.39%), Ethereum (-1.48%), and Ripple’s XRP (-1.20%) also struggled.

Litecoin (-0.62%) saw a relatively modest loss on the day.

For the week ending 25th October, it was also a mixed bag.

Litecoin surged by 23.73% to lead the way.

Bitcoin Cash ABC (+9.32%), Bitcoin Cash SV (+13.38%), Chainlink (+11.07%), Ethereum (+7.37%), and Ripple’s XRP (+4.52%) also found strong support.

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

Crypto.com Coin tumbled by 18.53% to lead the way down.

Binance Coin (-1.73%), Cardano’s ADA (-1.00%), and Polkadot (-6.72%) also struggled in the week.

In the week, the crypto total fell to a Tuesday low $347.73bn before surging to a Sunday high $403.12bn. At the time of writing, the total market cap stood at $391.33bn.

Bitcoin’s dominance fell to a Wednesday low 57.52% before rising to a Thursday high 62.46%. At the time of writing, Bitcoin’s dominance stood at 61.73%.

This Morning

At the time of writing, Bitcoin was up by 0.12% to $13,053.0. A mixed start to the day saw Bitcoin fall to an early morning low $12,990.0 before rising to a high $13,055.0.

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

Elsewhere, it was a mixed start to the day.

Ripple’s XRP was up by 2.19% to lead the way.

Binance Coin (+0.15%), Cardano’s ADA (+0.64%), Chainlink (+0.56%), Ethereum (+0.36%), Litecoin (+0.29%), and Polkadot (+0.44%) also found early support.

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

Bitcoin Cash SV (-1.18%) and Crypto.com Coin (-2.02%) struggled early on.

BTC/USD 26/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $13,082 to bring the first major resistance level at $13,313 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $13,300 levels.

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

In the event of another crypto breakout, Bitcoin could test resistance at $13,500 before any pullback. The second major resistance level sits at $13,590.

Failure to move through the $13,082 pivot would bring the first major support level at $12,805 into play.

Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$12,800 levels. The second major support level sits at $12,574.

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

Bitcoin, BTC to USD, rose by 1.52% on Saturday. Reversing a 0.40% fall from Friday, Bitcoin ended the day at $13,127.0.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $12,882.0 before making a move.

Steering clear of the first major support level at $12,768, Bitcoin rose to a mid-afternoon intraday high $13,178.0.

Bitcoin broke through the first major resistance level at $13,062 before falling back to $13,050 levels.

Finding late support, however, Bitcoin broke back through the first major resistance level to wrap up the day at $13,100 levels.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 Saturday.

Binance Coin (-0.10%) and Cardano’s ADA (-0.17%), saw red to buck the trend on the day.

It was a bullish day for the rest of the majors, with Bitcoin Cash SV (+3.03%), Chainlink (+4.39%), and Litecoin (+6.94%) leading the way.

Bitcoin Cash ABC (+2.18%), Crypto.com Coin (+0.69%) Ethereum (+0.74%), Polkadot (+0.61%), and Ripple’s XRP (+0.54%) saw relatively modest gains on the day.

In the current week, the crypto total fell to a Tuesday low $347.73bn before surging to a Thursday high $397.6bn. At the time of writing, the total market cap stood at $392.73bn.

Bitcoin’s dominance fell to a Wednesday low 57.52% before rising to a Thursday high 62.46%. At the time of writing, Bitcoin’s dominance stood at 61.81%.

This Morning

At the time of writing, Bitcoin was down by 0.21% to $13,099.0. A bearish start to the day saw Bitcoin fall from an early morning high $13,128.0 to a low $13,099.0

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

Elsewhere, it was a mixed start to the day, with Bitcoin Cash SV up by 1.64% to buck the trend early on.

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

At the time of writing, Crypto.com Coin and Litecoin were down by 2.13% and by 2.11% respectively to lead the way down.

BTC/USD 25/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $13,062 to bring the first major resistance level at $13,243 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $13,178.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $13,500 before any pullback. The second major resistance level sits at $13,358.

Failure to avoid a fall through the $13,062 pivot would bring the first major support level at $12,947 into play.

Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$12,800 levels. The second major support level sits at $12,766.

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

Bitcoin, BTC to USD, fell by 0.40% on Friday. Partially reversing a 1.38% gain from Thursday, Bitcoin ended the day at $12,930.0.

It was a mixed start to the day. Bitcoin rose to a late morning intraday high $13,032.0 before hitting reverse.

Falling short of the first major resistance level at $13,214, Bitcoin fell to a late afternoon intraday low $12,738.0.

Finding support at the first major support level at $12,736, Bitcoin revisited $12,970 levels before easing back.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 Friday.

Bitcoin Cash ABC (+0.75%), Chainlink (+1.63%), Crypto.com Coin (+0.82%), Litecoin (+1.87%), and Polkadot (+0.12%) found support, while Binance Coin ended the day flat.

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

Bitcoin Cash SV (-2.19%) and Cardano’s ADA (-2.31%) led the way down.

Ethereum (-1.23%) and Ripple’s XRP (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total fell to a Tuesday low $347.77bn before surging to a Thursday high $397.58bn. At the time of writing, the total market cap stood at $387.31bn.

Bitcoin’s dominance fell to a Wednesday low 57.52% before rising to a Thursday high 62.46%. At the time of writing, Bitcoin’s dominance stood at 61.82%.

This Morning

At the time of writing, Bitcoin was down by 0.11% to $12,921.0. A mixed start to the day saw Bitcoin rise to an early morning high $12,933.0 before falling to a low $12,882.0.

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

Elsewhere, it was also a mixed start to the day for the broader market.

Crypto.com Coin (+2.23%), and Polkadot (+0.13%) found support to buck the trend early on.

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

At the time of writing, Chainlink was down by 1.03% to lead the way down.

BTC/USD 24/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $12,900 to bring the first major resistance level at $13,062 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $13,032.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $13,200 before any pullback. The second major resistance level sits at $13,194.

Failure to avoid a fall back through the $12,900 pivot would bring the first major support level at $12,768 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$12,700 levels. The second major support level sits at $12,606.

The Crypto Daily – Movers and Shakers – October 23rd, 2020

Bitcoin, BTC to USD, rose by 1.38% on Thursday. Following on from a 7.43% rally on Wednesday, Bitcoin ended the day at $12,988.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $12,710.0 before making a move.

Steering clear of the first major support level at $12,073, Bitcoin rallied to a late intraday high $13,188.0.

Falling short of the first major resistance level at $13,383, Bitcoin fell back to end the day at sub-$13,000 levels.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 Thursday.

Crypto.com Coin fell by 4.30% to buck the trend on the day.

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

Chainlink rallied by 10.76% to lead the way.

Cardano’s ADA (+4.62%), and Ethereum (+5.96%) also found strong support on the day.

Binance Coin (+3.02%), Bitcoin Cash ABC (+1.87%), Bitcoin Cash SV (+2.51%), Litecoin (+2.54%), Polkadot (+1.86%), and Ripple’s XRP (+2.39%) trailed the front runners on the day.

In the current week, the crypto total fell to a Tuesday low $347.77bn before surging to a Thursday high $397.58bn. At the time of writing, the total market cap stood at $386.25bn.

Bitcoin’s dominance fell to a Wednesday low 57.52% before rising to a Thursday high 62.46%. At the time of writing, Bitcoin’s dominance stood at 61.84%.

This Morning

At the time of writing, Bitcoin was down by 0.59% to $12,911.6. A mixed start to the day saw Bitcoin rise to an early morning high $12,986.9 before falling to a low $12,887.0.

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

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

At the time of writing, Crypto.com Coin was down by 2.45% to lead the way down.

BTC/USD 23/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $12,962 to bring the first major resistance level at $13,214 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $13,188.0.

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

In the event of another crypto breakout, Bitcoin could test resistance at $13,500 before any pullback. The second major resistance level sits at $13,440.

Failure to move back through the $12,962 pivot would bring the first major support level at $12,736 into play.

Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$12,500 levels. The second major support level sits at $12,484.

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

Bitcoin, BTC to USD, rose by 1.43% on Tuesday. Following on from a 2.08% rally on Monday, Bitcoin ended the day at $11,925.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,696.0 before making a move.

Steering clear of the first major support level at $11,507, Bitcoin rallied to a late afternoon intraday high $12,044.0.

Bitcoin broke through the first major resistance level at $11,918 to test resistance at $12,000 before easing back.

The pullback saw Bitcoin fall back to sub-$11,900 levels before breaking back through the first major resistance level.

The near-term bullish trend remained intact, supported by the latest move back through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (-5.66%), Chainlink (-9.50%), and Crypto.com Coin (-4.65%) lead the way down.

Binance Coin (-3.61%), Bitcoin Cash ABC (-3.79%), Ethereum (-2.82%), Litecoin (-2.21%), and Polkadot (-3.30%) also saw relatively heavy losses.

Bitcoin Cash SV (-0.47%) and Ripple’s XRP (-0.85%) saw relatively modest losses on the day.

At the start of the week, the crypto total rose to a Tuesday high $368.37bn before falling to a Tuesday low $347.77bn. At the time of writing, the total market cap stood at $360.38bn.

Bitcoin’s dominance rose from a Monday low 60.14% to a Tuesday high 62.21%. At the time of writing, Bitcoin’s dominance stood at 61.60%.

This Morning

At the time of writing, Bitcoin was up by 0.52% to $11,987.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,910.0 before rising to a high $11,990.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down by 0.79% to buck the trend early on.

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

At the time of writing, Bitcoin Cash ABC was up by 1.72% to lead the way.

BTC/USD 21/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,888 to bring the first major resistance level at $12,081 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $12,044.0.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level sits at $12,236.

Failure to avoid a fall through the $11,888 pivot would bring the first major support level at $11,733 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,500 levels. The second major support level at $11,540 should limit any downside.

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

Bitcoin, BTC to USD, rose by 1.25% on Sunday. Following on from a 0.44% gain on Saturday, Bitcoin ended the week up by 1.18% to $11,518.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,364.9 before making a move.

Steering clear of the first major support level at $11,294, Bitcoin rallied to a final hour intraday high $11,520.0.

Bitcoin broke through the first major resistance level at $11,437 and the second major resistance at $11,499.

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

The Rest of the Pack

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

Crypto.com Coin slid by 9.12% to buck the trend on the day.

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

Chainlink (+2.88%), Ethereum (+2.74%), and Polkadot (+2.00%) led the way.

Binance Coin (+1.52%), Cardano’s ADA (+1.49%), and Litecoin (+1.39%) also found strong support.

Bitcoin Cash ABC (+0.57%), Bitcoin Cash SV (+0.80%), and Ripple’s XRP (+0.63%) trailed the front runners on the day.

It was also a mixed week for the crypto majors in the week ending 18th October.

Crypto.com Coin slumped by 21.56% to lead the way down.

Bitcoin Cash SV (-6.73%), Litecoin (-5.73%), Polkadot (-4.29%), and Ripple’s XRP (-5.21%) also saw red.

Binance Coin (+7.57%), Bitcoin Cash ABC (+3.71%), Cardano’s ADA (+0.87%), Chainlink (+0.75%), and Ethereum (+1.12%) joined Bitcoin in the green, however.

For the week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $353.28bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.18%.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $11,482.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,550.0 before falling to a low $11,479.0.

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

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

Bitcoin Cash SV and Ripple’s XRP were up by 0.01% and by 0.06% respectively to buck the trend early on.

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

At the time of writing, Crypto.com Coin was down by 1.23% to lead the way down.

BTC/USD 19/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,468 to bring the first major resistance level at $11,570 back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,550.0.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level sits at $11,623.

Failure to avoid a fall through the $11,468 pivot would bring the first major support level at $11,415 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,400 support levels. The second major support level sits at $11,313.

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

Bitcoin, BTC to USD, rose by 0.44% on Saturday. Partially reversing a 1.62% fall from Friday, Bitcoin ended the day at $11,375.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $11,290.0 before striking a mid-morning high $11,388.0.

Leaving the major support and resistance levels untested, Bitcoin slid to an early afternoon intraday low $11,275.0.

Steering clear of the first major support level at $11,176, Bitcoin hit a mid-afternoon intraday high $11,418.0 before easing back.

Falling short of the first major resistance level at $11,511, Bitcoin fell back to end the day at sub-$11,400 levels.

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

The Rest of the Pack

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

Bitcoin Cash ABC (-1.52%), Bitcoin Cash SV (-0.19%), Crypto.com Coin (-1.91%), and Litcoin (-1.49%) saw red on the day..

Binance Coin (+0.53%), Cardano’s ADA (+1.61%), Chainlink (+0.31%), Ethereum (+0.80%), Polkadot (+1.16%), and Ripple’s XRP (+0.17%) joined Bitcoin in the green.

In the current week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $350.42bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.19%.

This Morning

At the time of writing, Bitcoin was up by 0.14% to $11,391.0. A mixed start to the day saw Bitcoin fall to an early morning high $11,364.9 before rising to a high $11,410.0.

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

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

Bitcoin Cash SV was down by 0.35% to buck the trend early on.

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

At the time of writing, Binance Coin was up by 1.40% to lead the way.

BTC/USD 18/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,356 to bring the first major resistance level at $11,437 back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,418.0.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level at $11,499.

Failure to avoid a fall through the $11,356 pivot would bring the first major support level at $11,294 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,200 levels. The second major support level at $11,213 should limit any downside.

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

Bitcoin, BTC to USD, fell by 1.62% on Friday. Reversing a 0.60% gain from Thursday, Bitcoin ended the day at $11,325.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,547.0 before hitting reverse.

Falling short of the first major resistance level at $11,668, Bitcoin fell to an early morning intraday low $11,212.0.

The morning pullback saw Bitcoin fall through the first major support level at $11,313.

Finding support in the late morning, Bitcoin briefly revisited $11,400 levels before falling back through the first major support level.

A late move back through to $11,320 levels reduced the deficit on the day. The late move also saw Bitcoin break back through the first major support level at $11,313.

The near-term bullish trend remained intact, supported by the latest move back 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 Friday.

Binance Coin (-4.18%), Bitcoin Cash ABC (-5.22%), and Bitcoin Cash SV (-5.16%) led the way down.

Cardano’s ADA (-2.25%), Ethereum (-3.26%), Litecoin (-3.87%), Polkadot (-2.81%), and Ripple’s XRP (-2.31%) also struggled.

Chainlink (-1.57%) and Crypto.com Coin (-1.94%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $347.00bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.28%.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $11,297.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,334.0 before falling to a low $11,290.0.

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

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

At the time of writing, Bitcoin Cash SV was down by 1.68% to lead the way down.

BTC/USD 17/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $11,361 to bring the first major resistance level at $11,511 into play.

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

Barring an extended crypto rally, the first major resistance level and Friday’s high $11,547.0 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,600 before any pullback. The second major resistance level sits at $11,696.

Failure to move through the $11,361 pivot would bring the first major support level at $11,176 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $11,026.

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

Bitcoin, BTC to USD, rose by 0.60% on Thursday. Following a 0.02% decline on Wednesday, Bitcoin ended the day at $11,509.0.

It was a bearish start to the day. Bitcoin fell to a late morning intraday low $11,277 before making a move.

The morning pullback saw Bitcoin fall through the first major support level at $11,311.

Finding support going into the afternoon, however, Bitcoin struck a late intraday high $11,632.

Bitcoin broke through the first major resistance level at $11,566 before falling back to sub-$11,500 levels.

Finding late support, however, Bitcoin broke back through to $11,500 levels to end the day in the green. Resistance at $11,500 continued to peg Bitcoin back, however.

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

The Rest of the Pack

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

Binance Coin (+1.69%), Bitcoin Cash ABC (+1.04%), and Bitcoin Cash SV (-0.14%) joined Bitcoin in the green.

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

Polkadot led the way down, falling by 3.00%.

Chainlink (-1.20%), and Ripple’s XRP (-1.23%) also struggled.

Cardano’s ADA (-0.36%), Crypto.com Coin (-0.29%), Ethereum (-0.28%), and Litecoin (-0.46%) saw relatively modest losses on the day.

In the current week, the crypto total market slid to a Monday low $344.29bn before rising to a Monday high $365.23bn. At the time of writing, the total market cap stood at $353.67bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Thursday high 60.21%. At the time of writing, Bitcoin’s dominance stood at 60.19%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $11,502.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,489.0 before rising to a high $11,512.0.

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

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

Cardano’s ADA (-0.64%), Chainlink (-0.61%), Ethereum (-0.10%), Litecoin (-0.26%), Polkadot (-0.15%), and Ripple’s XRP (-0.09%) joined Bitcoin in the red.

At the time of writing, Binance Coin was up by 0.56% to lead the way. Bitcoin Cash SV (+0.19%) and Crypto.com Coin (+0.14%) also found early support.

BTC/USD 16/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,473 to bring the first major resistance level at $11,668 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,600 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $11,632.0 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,900 before any pullback. The second major resistance level sits at $11,828.

Failure to avoid a fall through the $11,473 pivot would bring the first major support level at $11,313 into play.

Barring an extended crypto sell-off, Bitcoin should to steer clear of the second major support level at $11,118.

The Crypto Daily – Movers and Shakers – October 14th, 2020

Bitcoin, BTC to USD, fell by 1.02% on Tuesday. Partially reversing a 1.55% gain from Monday, Bitcoin ended the day at $11,442.0.

It was a mixed start to the day. Bitcoin rose to a late morning intraday high $11,574.9 before hitting reverse.

Falling well short of the first major resistance level at $11,830, Bitcoin fell to an early afternoon intraday low $11,333.0.

Steering clear of the first major support level at $11,201 Bitcoin briefly revisited $11,470 levels before easing back.

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

The Rest of the Pack

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

Binance Coin (+0.26%), Bitcoin Cash ABC (+5.77%), Bitcoin Cash SV (+0.71%), and Ripple’s XRP (+0.25%) found support.

It was a bearish day for the rest of the majors. Chainlink and Crypto.com Coin slid by 3.84% and by 4.77% respectively to lead the way down.

Cardano’s ADA (-0.24%), Ethereum (-1.40%), Litecoin (-1.30%), and Polkadot (-0.35%) saw relatively modest losses on the day.

At the start of the week, the crypto total market slid to a Monday low $344.29bn before rising to a Monday high $365.23bn. At the time of writing, the total market cap stood at $355.63bn.

Bitcoin’s dominance rose to a Monday high 60.10% before falling to a Monday low 59.47%. At the time of writing, Bitcoin’s dominance stood at 59.66%.

This Morning

At the time of writing, Bitcoin was up by 0.22% to $11,467.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,427.0 before rising to a high $11,467.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Chainlink was up by 1.72% to lead the way.

BTC/USD 14/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $11,450 to bring the first major resistance level at $11,567 into play.

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

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,574.9 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,692.

Failure to avoid a fall back through the $11,450 pivot would bring the first major support level at $11,325 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,200 levels. The second major support level at $11,208 should limit any downside.

The Crypto Daily – The Movers and Shakers – October 12th, 2020

Bitcoin, BTC to USD, rose by 0.68% on Sunday. Following on from a 2.14% rally on Saturday, Bitcoin ended the week up by 6.53% to $11,385.0.

It was a bullish start to the day. Bitcoin rose to a mid-afternoon intraday high $11,451.0 before easing back.

Falling short of the first major resistance level at $11,518, Bitcoin fell to a late intraday low $11,279.5.

Steering well clear of the first major support level at $11,084, Bitcoin briefly moved back through to $11,400 levels before easing back. The late recovery delivered the upside on the day.

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

The Rest of the Pack

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

Crypto.com Coin (-0.51%) and Polkadot (-0.80%) bucked the trend on the day.

It was a bullish day for the rest of the majors, with Chainlink and Litecoin rallying by 3.33% and by 3.32% to lead the way.

Binance Coin (+0.46%), Bitcoin Cash ABC (+0.48%), Bitcoin Cash SV (+0.26%), Cardano’s ADA (+1.61%), Ethereum (0.98%), and Ripple’s XRP (+0.54%) also joined Bitcoin in the green.

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

Binance Coin (-1.52%) and Polkadot (-4.49%) saw red for the week.

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

Cardano’s ADA (+10.15%) and Chainlink (+15.7%) led the way, with Bitcoin Cash ABC (+7.47%) and Litecoin (+8.07%) also seeing solid gains.

Bitcoin Cash SV (+6.21%), Crypto.com Coin (+5.09%), Ethereum (+6.23%), and Ripple’s XRP (+3.07%), trailed the front runners.

In the week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Saturday high $357.46bn. At the time of writing, the total market cap stood at $351.25bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 59.95%.

This Morning

At the time of writing, Bitcoin was down by 0.01% to $11,384.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,388.0 before falling to a low $11,360.0

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+1.25%) and Bitcoin Cash SV (+0.30%) bucked the trend early on.

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

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

BTC/USD 12/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,372 to bring the first major resistance level at $11,464 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,400 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $11,451 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,500 and the second major resistance level at $11,543.

Failure to avoid a fall through the $11,372 pivot would bring the first major support level at $11,293 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,200 levels. The second major support level sits at $11,200.

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

Bitcoin, BTC to USD, rallied by 2.14% on Saturday. Following on from a 1.17% gain on Friday, Bitcoin ended the day at $11,308.0

It was a bullish start to the day. Bitcoin rallied from an intraday low $11,071.0 to an early morning intraday high $11,505.0.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $11,186 and the second major resistance level at $11,300.

Hitting resistance at $11,500, Bitcoin fell back to sub-$11,300 levels before finding support in the afternoon.

A move back through to $11,400 levels was brief, however, with Bitcoin falling back to end the day at $11,300 levels.

The second major resistance level at $11,300 delivered support late in the day.

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

The Rest of the Pack

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

Cardano’s ADA rallied by 3.65% to lead the way. Crypto.com Coin (+2.10%) and Litecoin (+2.26%) weren’t far behind.

Bitcoin Cash ABC (+0.53%), Bitcoin Cash SV (+1.47%), Chainlink (+1.01%), Ethereum (1.48%), and Ripple’s XRP (+0.36%) also joined Bitcoin in the green.

Binance Coin (-0.04%) and Polkadot (-2.33%) bucked the trend on the day, however.

In the current week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Saturday high $357.46bn. At the time of writing, the total market cap stood at $350.08bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.04%.

This Morning

At the time of writing, Bitcoin was up by 0.49% to $11,363.0. It was a mixed start to the day. Bitcoin fell to an early morning low $11,297.0 before striking a high $11,402.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.83%), Bitcoin Cash ABC (-0.39%), Crypto.com Coin (-0.39%), Chainlink (-1.14%), and Polkadot (-0.88%) 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 1.16% to lead the way.

BTC/USD 11/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,295 to bring the first major resistance level at $11,518 into play.

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

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

In the event of another crypto breakout, Bitcoin could test resistance at $11,700 and the second major resistance level at $11,729.

Failure to avoid a fall through the $11,295 pivot would bring the first major support level at $11,084 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$11,000 levels. The second major support level sits at $10,861.

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

Bitcoin, BTC to USD, rose by 1.17% on Friday. Following on from a 2.39% rally on Thursday, Bitcoin ended the day at $11,071.0

It was another bearish start to the day. Bitcoin fell to a mid-morning intraday low $10,853.1 before making a move.

Steering clear of the first major support level at $10,666, Bitcoin rallied to a late morning intraday high $11,134.0.

Bitcoin broke through the first major resistance level at $11,096 to visit $11,100 levels before easing back. It was Bitcoin’s first close out at $11,000 levels since 20th September.

The near-term bullish trend remained intact, in spite of the recent pullback to sub-$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 bullish day on Friday.

Cardano’s ADA (+5.05%) and Chainlink (+8.89%) led the way.

Binance Coin (+2.31%), Ethereum (4.04%), and Polkadot (+2.39%) weren’t far behind.

Bitcoin Cash ABC (+1.47%), Bitcoin Cash SV (+1.79%), Crypto.com Coin (+0.86%), Litecoin (+1.23%), and Ripple’s XRP (+0.68%) trailed the pack, however.

In the current week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Friday high $346.22bn. At the time of writing, the total market cap stood at $344.02bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 59.62%.

This Morning

At the time of writing, Bitcoin was up by 0.22% to $11,095.8. A bullish start to the day saw Bitcoin rise from an early morning low $11,071.0 to a high $11,111.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was down by 0.26% to buck the trend early in the day.

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

At the time of writing, Cardano’s ADA was up by 2.29% to lead the way.

BTC/USD 10/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,019 to bring the first major resistance level at $11,186 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $11,134.0.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,300.

Failure to avoid a fall through the $11,019 pivot would bring the first major support level at $10,905 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels. The second major support level sits at $10,739.

The Crypto Daily – Movers and Shakers – October 9th, 2020

Bitcoin, BTC to USD, rallied by 2.39% on Thursday. Following on from a 0.70% gain on Wednesday, Bitcoin ended the day at $10,943.0.

It was a bearish start to the day. Bitcoin fell to an early morning intraday low $10,541.0 before making a move.

The reversal saw Bitcoin fall through the first major support level at $10,603.

Supported by a broad-based crypto rebound, however, Bitcoin rallied to a late afternoon intraday high $10,971.0.

Bitcoin broke through the day’s major resistance levels to wrap up the day at $10,900 levels.

The near-term bullish trend remained intact, in spite of the pullback to sub-$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 bullish day on Thursday.

Chainlink (+6.18%) and Polkadot (+4.16%) led the way.

Bitcoin Cash ABC (+2.84%), Cardano’s ADA (+2.75%), and Ethereum (+2.79%) weren’t far behind.

Binance Coin (+0.07%), Bitcoin Cash SV (+0.70%), Crypto.com Coin (+1.97%), Litecoin (+1.50%), and Ripple’s XRP (+1.01%) trailed the pack, however.

In the current week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Thursday high $339.24bn. At the time of writing, the total market cap stood at $334.78bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.12%.

This Morning

At the time of writing, Bitcoin was down by 0.50% to $10,888.6. A mixed start to the day saw Bitcoin rise to an early morning high $10,959.0 before falling to a low $10,885.0.

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

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

At the time of writing, Chainlink was down by1.31% to lead the way down.

BTC/USD 09/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $10,818 to bring the first major resistance level at $11,096 into play.

Support from the broader market would be needed, however, for Bitcoin to break through to $11,000 levels.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,248 and resistance at $11,300.

Failure to avoid a fall through the $10,818 pivot would bring the first major support level at $10,666 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels. The second major support level sits at $10,388.

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

Bitcoin, BTC to USD, fell by 1.79% on Tuesday. Reversing a 1.12% gain from Monday, Bitcoin ended the day at $10,613.7.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $10,820 before hitting reverse.

Coming up short the first major resistance level at $10,870, Bitcoin slid to a late intraday low $10,548.0.

Bitcoin fell through the first major support level at $10,691 and the second major support level at $10,574.

Steering clear of sub-$10,500 levels, Bitcoin broke back through the second major support level to end the day at $10,600 levels.

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

Crypto.com Coin rose by 0.13% to buck the trend on the day.

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

Chainlink and Polkadot slid by 8.95% and by 8.29% respectively to lead the way down.

Binance Coin (-3.21%), Bitcoin Cash SV (-2.80%), Cardano’s ADA (-4.71%), Ethereum (-3.69%), and Ripple’s XRP (-2.12%) also saw heavy losses.

Bitcoin Cash ABC (-1.16%) and Litecoin (-0.73%) saw relatively modest losses.

At the start of the week, the crypto total market rose to a Monday high $335.65bn before sliding to a Tuesday low $324.30bn. At the time of writing, the total market cap stood at $325.65bn.

Bitcoin’s dominance fell to a Monday low 59.28% before rising to an early Wednesday high 60.23%. At the time of writing, Bitcoin’s dominance stood at 60.17%.

This Morning

At the time of writing, Bitcoin was down by 0.11% to $10,602.0 A bearish start to the day saw Bitcoin fall from an early morning high $10,616.0 to a low $10,596.0.

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

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was up by 0.61% to buck the trend early on.

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

At the time of writing, Crypto.com Coin was down by 1.48% to lead the way down.

BTC/USD 07/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $10,661 to bring the first major resistance level at $10,773 into play.

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

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

In the event of a crypto breakout, Bitcoin could test resistance at $10,800 before any pullback. The second major resistance level sits at $10,933.

Failure to move through the $10,661 pivot would bring the first major support level at $10,501 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,400 support levels. The second major support level sits at $10,389.

The Crypto Daily – Movers and Shakers – October 5th, 2020

Bitcoin, BTC to USD, rose by 1.22% on Sunday. Reversing a 0.26% fall from Saturday, Bitcoin ended the week down by 1.08% to $10,678.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,541.0 before finding support.

Steering clear of the first major support level at $10,509, Bitcoin rose to a mid-morning high $10,676.0.

Bitcoin broke through the first major resistance level at $10,612 and the second major resistance level at $10,666.

A pullback through the late morning saw Bitcoin fall back through to sub-$10,600 levels going into the afternoon.

Through the 2nd half of the day, Bitcoin rallied to a late intraday high $10,713.0 before easing back to end the day at $10,680 levels.

The rally saw Bitcoin break back through the first and second major resistance levels.

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

Ripple’s XRP rallied by 6.50% to lead the way.

Binance Coin (+2.80%), Cardano’s ADA (+3.71%), and Litecoin (+2.52%) also found strong support.

Bitcoin Cash ABC (+0.73%), Bitcoin Cash SV (+1.23%), Chainlink (+1.38%), Crypto.com Coin (+0.48%), Ethereum (+1.82%), and Polkadot (+1.48%) trailed the front runners.

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

Binance Coin rallied by 10.44% to lead the way, with Litecoin (+1.35%) and Ripple’s XRP (+1.86%) also making gains.

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

Chainlink led the way down, sliding by 12.95%.

Bitcoin Cash ABC (-3.71%), Bitcoin Cash SV (-5.46%), Cardano’s ADA (-4.39%), Crypto.com Coin (-4.53%), Ethereum (-1.41%), and Polkadot (+1.98%) also joined Bitcoin in the red.

In the week, the crypto total market rose to a Thursday high $344.75bn before falling to a Friday low $320.03bn. At the time of writing, the total market cap stood at $334.06bn.

Bitcoin’s dominance fell to a Thursday low 58.73% before rising to a Friday high 60.02%. At the time of writing, Bitcoin’s dominance stood at 59.31%.

This Morning

At the time of writing, Bitcoin was up by 0.27% to $10,716.0. A bullish start to the day saw Bitcoin rally from an early morning low $10,680.0 to a high $10,758.0.

Bitcoin tested the first major resistance level at $10,753 early on.

Elsewhere, it was a mixed start to the day.

Litecoin was down by 0.30% to buck the trend early on.

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

At the time of writing, Cardano’s ADA was up by 2.39% to lead the way.

BTC/USD 05/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $10,647 to bring the first major resistance level at $10,753 back into play.

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

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,819 before any pullback.

Failure to avoid a fall back through the $10,647 pivot would bring the first major support level at $10,581 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 support levels. The second major support level sits at $10,475.

The Crypto Daily – Movers and Shakers – October 4th, 2020

Bitcoin, BTC to USD, slipped by 0.26% on Saturday. Following on from a 0.44% decline on Friday, Bitcoin ended the day at $10,558.6.

It was a relatively range-bound day on Saturday. Bitcoin fell to a mid-morning intraday low $10,513.0 before finding support.

Steering clear of the first major support level at $10,423, Bitcoin rose to a late afternoon intraday high $10,616.0.

Falling well short of the first major resistance level at $10,718, Bitcoin fell back to sub-$10,600 levels and into the red.

The near-term bullish trend remained intact, in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin rose by 3.18% to lead the way.

Cardano’s ADA (+0.52%), Chainlink (+0.52%), Ethereum (+0.13%), and Litecoin (+1.47%) also found support.

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

Polkadot slid by 1.28% to lead the way down.

Bitcoin Cash ABC (-0.93%), Bitcoin Cash SV (-0.36%), Crypto.com Coin (-0.14%), and Ripple’s XRP (-0.57%) also joined Bitcoin in the red.

In the current week, the crypto total market rose to a Thursday high $344.75bn before falling to a Friday low $320.20bn. At the time of writing, the total market cap stood at $328.15bn.

Bitcoin’s dominance fell to a Thursday low 58.78% before rising to a Friday high 59.99%. At the time of writing, Bitcoin’s dominance stood at 59.55%.

This Morning

At the time of writing, Bitcoin was up by 0.20% to $10,579.4. A mixed start to the day saw Bitcoin fall to an early morning low $10,541.0 before rising to a high $10,580.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (-0.35%), Bitcoin Cash SV (-0.59%), Cardano’s ADA (-0.29%), Chainlink (-0.51%), Polkadot (-0.48%), 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, Binance Coin was up by 0.54% to lead the way.

 BTC/USD 04/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $10,563 to bring the first major resistance level at $10,612 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,600 levels.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,666 and resistance at $10,700 before any pullback.

Failure to avoid a fall back through the $10,563 pivot would bring the first major support level at $10,509 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,400 support levels. The second major support level at $10,460 should limit any downside.