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

Bitcoin, BTC to USD, rose by 3.13% on Friday. Partially reversing a 10.80% tumble from Thursday, Bitcoin ended the day at $10,484.7.

It was a mixed start to the day. Bitcoin fell to an early morning low $10,095 before making a move.

Steering clear of the first major support level at $9,620, Bitcoin rallied to a late intraday high $10,644.0.

Falling well short of the first major resistance level at $11,090, Bitcoin eased back to sub-$10,500 levels.

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 for the majors on Friday.

Tron’s TRX bucked the trend once more, sliding by 11.42% to partially reverse Thursday’s 15.94% breakout.

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

EOS led the way, rallying by 14.50%.

Bitcoin Cash ABC (+6.93%), Cardano’s ADA (+7.45%), Monero’s XMR (+5.53%), and Tezos (+7.20%) also found strong support.

Binance Coin (+3.04%), Bitcoin Cash SV (+3.58%), Ethereum (+1.50%), Litecoin (+1.22% Ripple’s XRP (+3.82%), and Stellar’s Lumen (+1.83%) trailed the front runners.

In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Thursday low $303.72bn. At the time of writing, the total market cap stood at $322.50bn.

Bitcoin’s dominance fell to a Wednesday low 58.79% before rising to a Thursday high 60.77%. At the time of writing, Bitcoin’s dominance stood at 59.75%.

This Morning

At the time of writing, Bitcoin was down by 0.40% to $10,443.0. A mixed start to the day saw Bitcoin rise to an early morning high $10,593.0 before falling to a low $10,442.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (-0.17%), Ethereum (-0.35%), and Litecoin (-1.34%) joined Bitcoin in the red.

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

At the time of writing, EOS was up by 1.55% to lead the way.

BTC/USD 05/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $10,365 pivot level to support a run at the first major resistance level at $10,764.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $10,644.0.

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

In the event of a crypto breakout, Bitcoin could test resistance at $11,000 before any pullback. The second major resistance level sits at $11,043.

Failure to avoid a fall through the $10,365 pivot would bring the first major support level at $10,086 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$10,000 levels on the day. The second major support level sits at $9,687.

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

Bitcoin, BTC to USD, slid by a further 10.80% on Thursday. Following on from a 4.48% pullback on Wednesday, Bitcoin ended the day at $11,408.0.

It was a mixed start to the day. Bitcoin recovered from an early dip to strike a late morning intraday high $11,461.0 before hitting reverse.

Falling well short of the first major resistance level at $11,861.0, Bitcoin slid to a mid-afternoon low $10,510.0.

Bitcoin fell through the first major support level at $11,069 and the second major support level at $10,730.

Finding late morning support, Bitcoin moved back through the second major support level before a 2nd sell-off. The sell-off saw Bitcoin fall to a late intraday low $9,990.9.

Bitcoin fell back through the second major support level to sub-$10,000 before wrapping up the day at $10,170 levels.

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 for the majors on Thursday.

Tron’s TRX bucked the trend, surging by 15.94%.

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

Binance Coin (-17.53%), Bitcoin Cash ABC (-18.73%), Bitcoin Cash SV (-18.37%), Cardano’s ADA (-17.64%), and Tezos (-18.54%) led the way down.

EOS (-15.65%), Ethereum (-12.98%), Litecoin (-13.85%), Monero’s XMR (-14.71%), and Ripple’s XRP (-11.35%) also saw heavy losses.

Stellar’s Lumen saw a relatively modest 7.73% loss on the day.

In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Thursday low $320.1bn. At the time of writing, the total market cap stood at $317.90bn.

Bitcoin’s dominance rose to a Monday high 60.44% before falling to a Wednesday low 58.79%. At the time of writing, Bitcoin’s dominance stood at 60.07%.

This Morning

At the time of writing, Bitcoin was up by 1.67% to $10,340.3. A mixed start to the day saw Bitcoin fall to an early morning low $10,095.0 before rising to high $10,345.0.

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

Elsewhere, it was a mixed start to the day.

Litecoin (-3.38%) and Tron’s TRX (-0.89%) saw red early on.

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

At the time of writing, Bitcoin Cash SV was up by 6.91% to lead the recovery.

BTC/USD 04/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $10,541 pivot level to support a run at the first major resistance level at $11,090.

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

Barring an extended crypto rally, resistance at $11,000 would likely leave Bitcoin short of the first major resistance level.

In the event of a crypto breakout, Bitcoin could test resistance at $11,500 before any pullback. The second major resistance level sits at $12,011.

Failure to move through the $10,541 pivot would bring the first major support level at $9,620 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,500 levels on the day. The second major support level sits at $9,071.

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

Bitcoin, BTC to USD, rose by 2.32% on Tuesday. Reversing a 0.50% fall from Monday, Bitcoin ended the day at $11,942.0.

A bearish start to the day saw Bitcoin slide to an early morning intraday low $11,552.0 before making a move.

Bitcoin fell through the first major support level at $11,584, before rallying to a late intraday high $12,067.0.

The day-long rally saw Bitcoin break through the first major resistance level at $11,774 and the second major resistance level at $11,877.

Coming up against the third major resistance level at $12,067, Bitcoin eased back to end the day at sub-$12,000 levels.

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

The Rest of the Pack

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

Tron’s TRX led the way, surging by 19.05%.

Binance Coin (+6.74%), Bitcoin Cash ABC (+7.45%), EOS (+8.11%), Ethereum (+9.61%), and Tezos (+6.17%) also made strong gains.

Bitcoin Cash SV (+5.47%), Cardano’s ADA (+1.50%), Litecoin (+2.92%), Monero’s XMR (+3.89%), Ripple’s XRP (+4.97%), and Stellar’s Lumen (+2.15%) trailed the front runners.

In the current week, the crypto total market fell to a Monday low $353.82bn before rising to a Tuesday high $379.05bn. At the time of writing, the total market cap stood at $371.00bn.

Bitcoin’s dominance rose to a Monday high 60.44% before falling to a Tuesday low 58.822%. At the time of writing, Bitcoin’s dominance stood at 59.31%.

This Morning

At the time of writing, Bitcoin was down by 0.08% to $11,933.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,975.0 before falling to a low $11,906.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+1.79%), Ripple’s XRP (+2.09%), and Stellar’s Lumen (+0.48%) found support early on.

While Litecoin and Bitcoin Cash SV were flat at the time of writing, it was a bearish start for the rest of the majors.

At the time of writing, Tron’s TRX was down by 3.12% to lead the way down.

BTC/USD 02/09/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,854 pivot level to support a run at the first major resistance level at $12,155.

Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $12,067.

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

In the event of a crypto breakout, the second major resistance level at $12,369 would likely be tested.

Failure to avoid a fall through the $11,854 pivot would bring the first major support level at $11,640 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels on the day. The second major support level sits at $11,339.

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

Bitcoin, BTC to USD, rose by 2.07% on Sunday. Reversing a 0.46% decline Saturday, Bitcoin ended the week up by 0.57% to $11,730.0.

It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $11,480.0 to a late afternoon high $11,721.0.

Bitcoin broke through the first major resistance level at $11,582 and the second major resistance level at $11,672.

Late in the day, Bitcoin fell back to $11,620 levels before breaking back through the second major resistance level at $11,672.

The late recovery saw Bitcoin strike an intraday high $11,730 in the final hour.

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

The Rest of the Pack

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

Ethereum (+7.62%), Litecoin (+10.45%), and Tron’s TRX (+8.65%) led the way.

Binance Coin (+2.87%), Bitcoin Cash ABC (+3.25%), Bitcoin Cash SV (+3.32%), EOS (+4.20%), Monero’s XMR (+3.86%), and Ripple’s XRP (+3.28%) also made solid gains.

Cardano’s ADA (+0.96%), Stellar’s Lumen (+2.01%), and Tezos (+1.13%) trailed the front runners.

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

Binance Coin (+8.00%), Bitcoin Cash SV (+1.11%), Ethereum (+9.73%), Litecoin (+3.76%), Monero’s XMR (+6.38%), and Tron’s TRX (+11.05%) joined Bitcoin in the green.

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

Bitcoin Cash ABC (-1.78%), Cardano’s ADA (-3.48%), EOS (-1.92%), Ripple’s XRP (-0.62%), Stellar’s Lumen (-4.55%), and Tezos (-3.75%) saw red.

In the week, the crypto total market fell to a Thursday low $329.40bn before rising to a Sunday high $359.74bn. At the time of writing, the total market cap stood at $357.31bn.

Bitcoin’s dominance rose to a Thursday high 62.28% before falling to a Sunday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.54%.

This Morning

At the time of writing, Bitcoin was up by 0.04% to $11,735.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,713.0 before striking a high $11,744.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.77%), EOS (-0.24%), and Ethereum (-0.71%) saw red early on.

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

At the time of writing, Tezos was up by 0.73% to lead the way.

BTC/USD 31/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,647 pivot level to support a run at the first major resistance level at $11,813.

Support from the broader market would be needed, however, for Bitcoin to break out from this morning’s high $11,744.0.

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

In the event of a crypto breakout, the second major resistance level at $11,897 and resistance at $12,000 would likely be tested.

A fall through the $11,647 pivot would bring the first major support level at $11,563 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels on the day. The second major support level sits at $11,397.

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

Bitcoin, BTC to USD, fell by 0.46% on Saturday. Partially reversing a 1.78% gain from Friday, Bitcoin ended the day at $11,492.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $11,483.0 before rising to a late morning intraday high $11,606.3.

Falling short of the first major resistance level at $11,640, Bitcoin slid to a late morning intraday low $11,450.0.

Steering clear of the first major support level at $11,376, Bitcoin moved back through to $11,500 levels.

A bearish end to the day, however, saw Bitcoin slip back to sub-$11,500 levels and into the red.

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

The Rest of the Pack

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

Binance Coin (-0.61%), Bitcoin Cash ABC (-0.47%), Bitcoin Cash SV (-0.78%), Litecoin (-0.71%), and Monero’s XMR (-2.06%) joined Bitcoin in the red.

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

Cardano’s ADA rallied by 6.34% to lead the way.

EOS (+0.27%), Ethereum (+0.82%), Ripple’s XRP (+0.80%), Stellar’s Lumen (+0.59%), Tezos (+2.65%), and Tron’s TRX (+4.22%) also made gains on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $351.97bn.

Bitcoin’s dominance rose to a Tuesday high 62.13% before falling to a Saturday low 60.69%. At the time of writing, Bitcoin’s dominance stood at 61.01%.

This Morning

At the time of writing, Bitcoin was up by 1.36% to $11,648.0. A bullish start to the day saw Bitcoin rise from an early morning low $11,480.0 to a high $11,668.4.

Bitcoin broke through the first major resistance level at $11,582 early on.

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

At the time of writing, Tron’s TRX was up by 5.15% to lead the way.

BTC/USD 30/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through to sub-$11,600 levels to support a run at the second major resistance level at $11,672.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,668.4.

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

In the event of a crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The third major resistance level sits at $11,829.

A fall back through to sub-$11,600 levels and the $11,516 pivot would bring the first major support level at $11,426 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,400 levels on the day. The second major support level sits at $11,360.

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

Bitcoin, BTC to USD, rose by 1.78% on Friday. Reversing a 1.12% decline from Thursday, Bitcoin ended the day at $11,545.0.

A bullish start to the day saw Bitcoin rise from an early morning intraday low $11,303.0 to a mid-afternoon intraday high $11,567.0.

Steering clear of the major support levels, Bitcoin came within range of the first major resistance level at $11,586.

A late afternoon pullback saw Bitcoin fall to sub-$11,500 levels before a final hour move back through to $11,500 levels.

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

The Rest of the Pack

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

Binance Coin slipped by 0.13% to buck the trend on the day.

It was a bullish day for the rest of the majors. Monero’s XMR and EOS rallied by 5.92% and by 4.63% to lead the way.

Bitcoin Cash SV (+2.42%), Cardano’s ADA (+2.01%), Ethereum (+3.18%), Litecoin (+2.28%), Ripple’s XRP (+2.59%), Stellar’s Lumen (+2.01%), and Tron’s TRX (+3.80%) also found strong support.

Bitcoin Cash ABC (+0.55%) and Tezos (+1.52%) trailed the front runners on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $346.76bn.

Bitcoin’s dominance fell to a Monday low 60.80% before rising to a Tuesday high 62.13%. At the time of writing, Bitcoin’s dominance stood at 61.33%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $11,523.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,555.0 to a low $11,483.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+1.36%), Cardano’s ADA (+0.18%), Litecoin (+0.10%), Monero’s XMR (+0.19%), and Tron’s TRX (+0.62%) found early support.

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

At the time of writing, Stellar’s Lumen was down by 0.68% to lead the way down.

BTC/USD 29/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,472 to support a run at the first major resistance level at $11,640.

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 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,736.

A fall through the $11,472 pivot level would bring the first major support level at $11,376 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels. The second major support level at $11,208 should limit any downside.

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

Bitcoin, BTC to USD, fell by 1.12% on Thursday. Reversing a 1.15% gain from Wednesday, Bitcoin ended the day at $11,343.0.

A bearish start to the day saw Bitcoin fall to a mid-day low $11,290 before making a move.

Steering clear of the first major support level at $11,279, Bitcoin struck an early afternoon intraday high $11,609.0.

Coming up against the first major resistance level at $11,605, Bitcoin slid to a late afternoon intraday low $11,145.0.

Bitcoin fell through the first major support level at $11,279 before recovering to $11,300 levels.

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

The Rest of the Pack

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

Binance Coin and Monero’s XMR bucked the trend on the day, rising by 4.05% and by 0.72% respectively.

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

Cardano’s ADA slid by 6.21% to lead the way down.

Bitcoin Cash ABC (-4.60%), Bitcoin Cash SV (-4.07%), EOS (-4.47%), Litecoin (-3.44%), Ripple’s XRP (-4.37%), Stellar’s Lumen (-4.44%), Tezos (-4.32%), also saw heavy losses.

Ethereum (-0.74%) and Tron’s TRX (-2.12%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $338.20bn.

Bitcoin’s dominance fell to a Monday low 60.80% before rising to a Tuesday high 62.13%. At the time of writing, Bitcoin’s dominance stood at 61.77%.

 

This Morning

At the time of writing, Bitcoin was down by 0.28% to $11,311.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,367.0 to a low $11,308.0.

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

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV bucked the trend early on, rising by 1.15%.

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

At the time of writing, Tezos was down by 2.07% to lead the way down.

BTC/USD 28/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $11,366 to support a run at the first major resistance level at $11,586.

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

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

In the event of a crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,830.

Failure to move through the $11,366 pivot level would bring the first major support level at $11,122 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels. The second major support level sits at $10,902.

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

Bitcoin, BTC to USD, slid by 3.60% on Tuesday. Reversing a 0.90% gain from Monday, Bitcoin ended the day at $11,341.4.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $11,778.0 before hitting reverse.

Falling short of the first major resistance level at $11,875, Bitcoin slid to a late afternoon intraday low $11,137.0.

Bitcoin fell through the day’s major support levels before a brief recovery to $11,400 levels.

The late recovery saw Bitcoin move back through the third major support level at $11,256 to reduce the deficit on the day.

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

The Rest of the Pack

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

Cardano’s ADA (-8.99%), EOS (-7.77%), and Tron’s TRX (-8.54%) led the way down.

Bitcoin Cash SV (-6.04%), Ethereum (-6.02%), and Tezos (-6.54%) weren’t far behind.

Binance Coin (-5.22%), Bitcoin Cash ABC (-4.74%), Litecoin (-5.91%), Monero’s XMR (-5.75%), Ripple’s XRP (-4.22%), and Stellar’s Lumen (-5.58%) also struggled on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $331.45bn. At the time of writing, the total market cap stood at $341.48bn.

Bitcoin’s dominance fell to a Monday low 60.62% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoin’s dominance stood at 61.34%.

This Morning

At the time of writing, Bitcoin was up by 0.01% to $11,342.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,350.0 to a low $11,219.9.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+1.39%) and Tron’s TRX (+1.51%) led the way early on.

Bitcoin Cash SV (+0.62%), EOS (+0.19%), Monero’s XMR (+0.37%), Ripple’s XRP (+0.04%), and Stellar’s Lumen (+0.32%) also found early support.

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

At the time of writing, Bitcoin Cash ABC was down by 0.77% to lead the way down.

BTC/USD 26/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $11,419 to support a run at the first major resistance level at $11,701.

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

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $12,060 before any pullback.

Failure to move through the $11,419 pivot level would bring the first major support level at $11,060 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels and the second major support level at $10,778.

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

Bitcoin, BTC to USD, slipped by 0.17% on Sunday. Following a 1.37% gain on Saturday, Bitcoin ended the week down by 2.19% to $11,663.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,709.0 before hitting reverse.

Falling short of the first major resistance level at $11,787, Bitcoin slid to a late morning intraday low $11,538.0.

Steering clear of the first major support level at $11,465, Bitcoin struck a late intraday high $11,736.

Falling short of the first major resistance level at $11,787, Bitcoin fell back to $11,650 levels before finding support.

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

The Rest of the Pack

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

Litecoin and Stellar’s Lumen rose by 0.53% and by 0.60% to buck the trend on the day.

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

Cardano’s ADA (-3.17%), Monero’s XMR (-3.73%) and Tron’s TRX (-3.52%) led the way down.

Binance Coin (-1.71%), Bitcoin Cash ABC (-1.12%), Bitcoin Cash SV (-1.57%), EOS (-1.36%), Ethereum (-1.23%), and Tezos (-1.85%) also struggled.

Ripple’s XRP (-0.42%) saw modest losses on the day.

For the week, it was a bearish for the majors, however.

Tezos (-17.18%), EOS (-14.44%), Tron’s TRX (-13.82%), Bitcoin Cash SV (-13.10%), Cardano’s ADA (-12.59%), and Stellar’s Lumen (-10.86%) led the way down.

Binance Coin (-7.18%), Bitcoin Cash ABC (-6.49%), Ethereum (-9.92%), Litecoin (-5.22%), and Ripple’s XRP (-6.52%) also struggled.

Monero’s XMR fell by just 0.22%, however.

In the week, the crypto total market rose to a Monday high $384.00bn before sliding to a Saturday low $338.58bn. At the time of writing, the total market cap stood at $349.94bn.

Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoin’s dominance stood at 61.41%.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $11,627.3. A bearish start to the day saw Bitcoin fall from an early morning high $11,667 to a low $11,605.0.

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

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

At the time of writing, Stellar’s Lumen was down by 1.46% to lead the way down.

BTC/USD 24/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $11,646 to support a run at the first major resistance level at $11,753.

Support from the broader market would be needed, however, for Bitcoin to break out Sunday’s high $11,736.0.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,844 before any pullback.

Failure to move through the $11,646 pivot level would bring the first major support level at $11,555 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 and the second major support level at $11,448.

In the event of an extended sell-off, Bitcoin could test the third major support level at $11,250 before any recovery.

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

Bitcoin, BTC to USD, rose by 1.24% on Saturday. Partially reversing a 2.81% loss from Friday, Bitcoin ended the day at $11,673.5.

It was a bearish start to the day. Bitcoin slid to an early morning intraday low $11,369.5 before finding support.

The reversal saw Bitcoin fall through the first major support level at $11,379.67 before rising to a late intraday high $11,692.0.

Falling short of the first major resistance level at $11,783.67, Bitcoin wrapped up the day at sub-$11,700 levels.

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

The Rest of the Pack

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

EOS (+3.48%), Tezos (+5.69%), and Tron’s TRX (+3.61%) led the way.

Bitcoin Cash ABC (+2.30%), Litecoin (+2.08%), Monero’s XMR (+2.55%), Ripple’s XRP (+2.50%), and Stellar’s Lumen (+2.65%) also found strong support.

Binance Coin (+0.59%), Bitcoin Cash SV (+0.36%), Cardano’s ADA (+1.68%), and Ethereum (+1.96%) trailed the front runners.

In the current week, the crypto total market rose to a Monday high $384.00bn before sliding to a Saturday low $338.56bn. At the time of writing, the total market cap stood at $351.70bn.

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

This Morning

At the time of writing, Bitcoin was down by 0.08% to $11,664.5. A mixed start to the day saw Bitcoin rise to an early morning high $11,694.5 before falling to a low $11,660.5.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (+0.06%), Bitcoin Cash SV (+0.33%), and Cardano’s ADA (+0.07% found early support.

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

At the time of writing, Tron’s TRX was down by 1.51% to lead the way down.

BTC/USD 23/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,578 to support a run at the first major resistance level at $11,787.

Support from the broader market would be needed, however, for Bitcoin to break out Saturday’s high $11,692.0.

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 $11,901 and resistance at $12,000.

Failure to avoid a fall through the $11,578 pivot level would bring the first major support level at $11,465 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid the second major support level at $11,256.

In the event of an extended sell-off, Bitcoin could test support at $11,000 before any recovery.

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

Bitcoin, BTC to USD, fell by 2.81% on Friday. Reversing a 0.91% gain from Thursday, Bitcoin ended the day at $11,530.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,887.0 before hitting reverse.

Falling short of the first major resistance level at $11,947, Bitcoin fell to a late intraday low $11,483.0.

Bitcoin fell through the first major support level at $11,729 and the second major support level at $11,594.

Finding late support, Bitcoin briefly revisited $11,590 levels before easing back. The second major resistance level pinned Bitcoin back late in the day.

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

The Rest of the Pack

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

Tezos and Tron’s TRX led the way down, with losses of 12.14% and 11.55% respectively.

Bitcoin Cash SV (-6.55%), Cardano’s ADA (-8.33%), Ethereum (-6.70%), Monero’s XMR (-9.28%), and Stellar’s Lumen (-7.19%) also saw particularly heavy losses.

Binance Coin (-4.33%), Bitcoin Cash ABC (-3.92%), EOS (-5.59%), Litecoin (-5.86%), and Ripple’s XRP (-4.53%) saw relatively modest losses.

In the current week, the crypto total market rose to a Monday high $384.00bn before sliding to an early Saturday low $339.58bn. At the time of writing, the total market cap stood at $341.81bn.

Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoin’s dominance stood at 61.78%.

This Morning

At the time of writing, Bitcoin was down by 0.81% to $11,463.5. A bearish start to the day saw Bitcoin fall from an early morning high $11,540.0 to a low $11,400.0.

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

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

At the time of writing, Monero’s XMR was down by 2.56% to lead the way down.

BTC/USD 22/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $11,633 to support a run at the first major resistance level at $11,784.

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

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $12,037 before any pullback.

Failure to move through the $11,633 pivot level would bring the first major support level at $11,380 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid the second major support level at $11,229.

In the event of an extended sell-off, Bitcoin could test support at $11,000 before any recovery.

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

Bitcoin, BTC to USD, rose by 0.91% on Thursday. Partially reversing a 1.65% fall from Wednesday, Bitcoin ended the day at $11,864.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,831.0 before hitting reverse.

Falling short of the first major resistance level at $11,998, Bitcoin fell to a mid-morning intraday low $11,677.0.

Steering clear of the first major support level at $11,541, Bitcoin rose to a late intraday high $11,894.5.

Coming up short of the first major resistance level, Bitcoin slipped back to limit the upside on the day.

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

The Rest of the Pack

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

Monero’s XMR jumped by 10.79% to lead the way.

Binance Coin (+3.13%), Cardano’s ADA (+3.48%), Stellar’s Lumen (+7.13%), Tezos (+6.15%), and Tron’s TRX (+3.51%) also found strong support.

Bitcoin Cash SV (+0.10%), EOS (+2.74%), Ethereum (+2.04%), Litecoin (+1.08%), and Ripple’s XRP (+0.84%) trailed the front runners.

Bitcoin Cash ABC bucked the trend, falling by 0.19%.

In the current week, the crypto total market rose to a Monday high $384.00bn before sliding to a Wednesday low $344.71bn. At the time of writing, the total market cap stood at $358.95bn.

Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoin’s dominance stood at 60.94%.

This Morning

At the time of writing, Bitcoin was down by 0.18% to $11,842.5. A mixed start to the day saw Bitcoin rise to an early morning high $11,887.0 before falling to a low $11,834.0.

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

Elsewhere, it was a mixed start to the day.

Monero’s XMR was up by 1.84% to lead the way.

Bitcoin Cash ABC (+0.59%), Bitcoin Cash SV (+0.42%), and Tron’s TRX (+0.25%) also found early support.

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

At the time of writing, Tezos was down by 1.82% to lead the way down.

BTC/USD 21/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,812 to support a run at the first major resistance level at $11,947.

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

Barring an extended crypto rally, the first major resistance level and Thursday’s high $11,894.5 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $12,029 before any pullback.

Failure to avoid a fall through the $11,812 pivot level would bring the first major support level at $11,729 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid the second major support level at $11,594.

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

Bitcoin, BTC to USD, fell by 2.79% on Tuesday. Reversing most of a 3.18% rally from Monday, Bitcoin ended the day at $11,954.5.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $12,402.0 before hitting reverse.

Falling short of the first major resistance level at $12,616.33, Bitcoin tumbled to an early afternoon intraday low $11,811.5.

Bitcoin fell through the first major support level at $11,846.83 before briefly revisiting $12,000 levels.

A bearish end to the day left Bitcoin back at sub-$12,000 levels and in the deep red.

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

The Rest of the Pack

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

Bitcoin Cash ABC (-4.99%), Bitcoin Cash SV (-3.83%), EOS (-5.35%), Ripple’s XRP (-3.98%), Stellar’s Lumen (-4.90%), Tezos (-5.07%), and Tron’s TRX (-5.15%) led the way down.

Binance Coin (-2.21%), Cardano’s ADA (-2.42%), Ethereum (-2.13%), Litecoin (-2.62%), and Monero’s XMR (-0.28%) saw relatively modest losses on the day.

At the start of the week, the crypto total market rose to a Monday high $384.00bn before sliding to an early Wednesday low $349.40bn. At the time of writing, the total market cap stood at $352.81bn.

Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday morning high 61.61%. At the time of writing, Bitcoin’s dominance stood at 61.39%.

This Morning

At the time of writing, Bitcoin was down by 1.76% to $11,744.0. A mixed start to the day saw Bitcoin rise to an early morning high $12,022.5 before sliding to a low $11,650.0.

Bitcoin fell through the first major support level at $11,710.0 early on.

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

At the time of writing, Tron’s TRX was down by 6.66% to lead the way down.

BTC/USD 19/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $12,056 to support a run at the first major resistance level at $12,301.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $12,022.5.

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

In the event of a crypto breakout, Bitcoin could test resistance at $12,500 before any pullback.

Failure to move through the $12,056 pivot level would bring the first major support level at $11,710 back into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 support levels. The second major support level sits at $11,466.

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

Bitcoin, BTC to USD, rose by 0.50% on Sunday. Following on from a 0.70% gain on Saturday, Bitcoin ended the week up by 2.07% to $11,917.5.

It was a mixed start to the day. Bitcoin recovered from an early morning low $11,764 to strike a mid-morning intraday high $11,940.5.

Falling short of the first major resistance level at $12,004, Bitcoin slid to a mid-day intraday low $11,691.5.

Bitcoin fell through the first major support level at $11,702 before recovering to $11,900 levels.

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

The Rest of the Pack

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

Bitcoin Cash SV fell by 0.41% to buck the trend on the day.

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

Tron’s TRX led the way, rallying by 12.26%.

EOS (+4.11%), Litecoin (+6.64%), Stellar’s Lumen (+7.60%), and Tezos (+4.12%) also found strong support.

Binance Coin (+1.82%), Bitcoin Cash ABC (+2.32%), Cardano’s ADA (+0.30%), Ethereum (+0.24%), Monero’s XMR (+1.59%), and Ripple’s XRP (+1.93%) trailed the front runners.

For the week, it was also mixed for the broader market.

Bitcoin Cash SV (-0.19%), Cardano’s ADA (-4.28%), and Monero’s XMR (-1.69%) saw red.

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

EOS and Tron’s TRX surged by 28.09% and by 38.31% respectively to lead the way.

Ethereum (+11.09%), Litecoin (+12.18%), Stellar’s Lumen (+9.41%), and Tezos (+14.88%) also found strong support.

Binance Coin (+4.95%), Bitcoin Cash ABC (+2.11%), and Ripple’s XRP (+5.71%) trailed the front runners.

In the week, the crypto total market cap fell to a Tuesday low $328.26bn before rising to a Sunday high $367.82bn. At the time of writing, the total market cap stood at $362.51bn.

Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Sunday low 59.93%. At the time of writing, Bitcoin’s dominance stood at 60.29%.

This Morning

At the time of writing, Bitcoin was down by 0.51% to $11,856.5. A mixed start to the day saw Bitcoin rise to an early morning high $11,940.0 before falling to a low $11,803.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA bucked the trend early on, rising by 0.20%.

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

At the time of writing, Tron’s TRX was down by 3.09% to lead the way down.

BTC/USD 17/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $11,850 to support a run at the first major resistance level at $12,008.

Support from the broader market would be needed, however, for Bitcoin to break out from the Sunday’s high $11,940.5.

Barring an extended crypto rally, the first major resistance level and resistance at $12,000 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,099.

Failure to avoid a fall back through the $11,850 pivot level would bring the first major support level at $11,759 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,600 support levels. The second major support level at $11,601 should limit any downside.

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

Bitcoin, BTC to USD, rose by 0.70% on Saturday. Reversing a 0.19% loss from Friday, Bitcoin ended the day at $11,858.5.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,991.5 before hitting reverse.

The early rally saw Bitcoin break through the first major resistance level at $11,874 and the second major resistance level at $11,972.5.

A pullback through the morning saw Bitcoin slide to a mid-day intraday low $11,689.5.

Steering clear of the first major support level at $11,667, Bitcoin revisited $11,980 levels before easing back.

Bitcoin broke back through the first and second major resistance levels before wrapping up the day at sub-$11,900 levels.

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

The Rest of the Pack

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

EOS rallied by 14% to lead the way, with Bitcoin Cash SV (+4.82%) and Litecoin (+5.38%) seeing solid gains.

Bitcoin Cash ABC (+1.60%), Stellar’s Lumen (+2.02%), and Tron’s TRX (+2.1%) also joined Bitcoin in the green.

Binance Coin (-0.13%), Cardano’s ADA (-0.01%), Ethereum (-1.43%), Monero’s XMR (-1.92%), Ripple’s XRP (-0.55%), and Tezos (-1.16%) saw red on the day, however.

In the current week, the crypto total market cap fell to a Tuesday low $328.26bn before rising to a Saturday high $368.44bn. At the time of writing, the total market cap stood at $361.29bn.

Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Saturday low 60.06%. At the time of writing, Bitcoin’s dominance stood at 60.58%.

This Morning

At the time of writing, Bitcoin was down by 0.21% to $11,833.5. A mixed start to the day saw Bitcoin rose to an early high $11,872.5 before falling to a low $11,829.5.

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

Elsewhere, it was a mixed start to the day.

Monero’s XMR and Tezos bucked the trend with gains of 0.10% and 0.89% respectively.

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

At the time of writing, Stellar’s Lumen was down by 1.17% to lead the way down.

BTC/USD 16/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $11,847 to support a run at the first major resistance level at $12,003.5.

Support from the broader market would be needed, however, for Bitcoin to break out from the Saturday’s high $11,991.5.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,149 before any pullback.

Failure to move back through the $11,847 pivot level would bring the first major support level at $11,702 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,600 support levels. The second major support level sits at $11,545.

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

Bitcoin, BTC to USD, slipped by 0.19% on Friday. Following a 1.98% gain on Thursday, Bitcoin ended the day at $11,775.5.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,848.5 before hitting reverse.

Falling short of the first major resistance level at $11,981, Bitcoin slid to an early afternoon intraday low $11,656.0.

Steering clear of the first major support level at $11,445 struck a late afternoon intraday high $11,863.5.

Continuing to fall short of the first major resistance level at $11,981, Bitcoin slipped back to sub-$11,800 levels and into the red.

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

The Rest of the Pack

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

Bitcoin Cash ABC (-0.70%), Bitcoin Cash SV (-1.06%), Cardano’s ADA (-0.75%), Litecoin (-0.65%), Monero’s XMR (-0.83%), and Tezos (-0.61%) joined Bitcoin in the red.

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

Tron’s TRX and Binance Coin led the way, with gains of 10.89% and 6.10% respectively.

EOS (+4.01%), Ethereum (+3.25%), Ripple’s XRP (+1.83%), and Stellar’s Lumen (+3.65%) also found support.

In the current week, the crypto total market cap fell to a Tuesday low $328.26bn before rising to a Saturday morning high $365.56bn. At the time of writing, the total market cap stood at $361.09bn.

Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.82%.

This Morning

At the time of writing, Bitcoin was up by 1.12% to $11,907.5. A bullish start to the day saw Bitcoin rise from an early morning low $11,775.5 to a high $11,991.5.

Bitcoin broke through the first major resistance level at $11,874.0 and the second major resistance level at $11,972.5.

Elsewhere, it was a mixed start to the day.

Monero’s XMR (-0.02%), Tezos (-1.93%), and Tron’s TRX (-2.03%) saw red early on.

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

At the time of writing, EOS was up by 2.99% to lead the way.

BTC/USD 15/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the first major resistance level at $11,874 to support a move back through the second major resistance level at $11,972.5.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,991.5, however.

Barring an extended crypto rally, the second major resistance level and resistance at $12,000 should cap any upside.

In the event of a crypto breakout, Bitcoin could eye the third major resistance level at $12,180 before any pullback.

Failure to avoid a fall through the first major resistance level would bring the sub-$11,800 levels into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid the pivot level at $11,765 and the major support levels. The first major support level sits at $11,667.

 

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

Bitcoin, BTC to USD, rose by 1.98% on Thursday. Following on from a 1.59% gain on Wednesday, Bitcoin ended the day at $11,798.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $11,658.5 before hitting reverse.

Falling short of the first major resistance level at $11,747, Bitcoin slid to a late morning intraday low $11,274.5.

Finding support at the first major support level at $11,274, Bitcoin moved back through to $11,500 levels going into the afternoon.

Through the 2nd half of the day, Bitcoin rallied to a late intraday high $11,811.0 before easing back.

Bitcoin broke through the first major resistance level at $11,747 to wrap up the day at $11,790 levels.

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

The Rest of the Pack

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

Tezos and Stellar’s Lumen fell by 5.00% and by 0.10% to buck the trend.

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

Tron’s TRX (+11.27%) and Ethereum (+9.73%) led the way.

Bitcoin Cash ABC (+3.00%), Bitcoin Cash SV (+2.66%), EOS (+3.74%), Litecoin (+4.84%), Monero’s XMR (+2.99%), and Ripple’s XRP (+4.51%) also found strong support.

Binance Coin (+1.30%) and Cardano’s ADA (+2.12%) trailed the front runners on the day.

In the current week, the crypto total market cap rose to a Monday high $361.38bn before falling to a Tuesday low $328.26bn. At the time of writing, the total market cap stood at $355.24bn.

Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Thursday low 60.48%. At the time of writing, Bitcoin’s dominance stood at 61.11%.

This Morning

At the time of writing, Bitcoin was down by 0.33% to $11,759.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,848.5 before falling to a low $11,737.5

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

Elsewhere, it was a mixed start to the day.

EOS (-0.04%), Litecoin (-0.59%), Monero’s XMR (-0.43%), and Tezos (-0.62%) joined Bitcoin in the red.

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

At the time of writing, Cardano’s ADA was up by 0.90% to lead the way.

BTC/USD 14/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,628 pivot to support a run at the first major resistance level at $11,981.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,848.5.

Barring an extended crypto rally, the first major resistance level and resistance at $12,000 should cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,164 before any pullback.

Failure to avoid a fall through the $11,628 pivot level would bring the first major support level at $11,445 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels. The second major support level sits at $11,091.

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

Bitcoin, BTC to USD, slid by 4.32% on Tuesday. Reversing a 1.86% gain from Monday, Bitcoin ended the day at $11,379.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,943 before hitting reverse.

Falling short of the first major resistance level at $12,155, Bitcoin slid to a late intraday low $11,123.

Bitcoin fell through the first major support level at $11,540 and the second major support level at $11,187.

Finding late support, Bitcoin moved back through the second major support level to limit the loss.

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

The Rest of the Pack

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

EOS (-7.30%) and Litecoin (-7.22%) led the way down.

Binance Coin (-5.96%), Bitcoin Cash ABC (-6.44%), Bitcoin Cash SV (-6.84%), Monero’s XMR (-6.79%), Stellar’s Lumen (-5.81%), Tezos (-5.73%), and Tron’s TRX (-6.02%) also saw heavy losses.

Cardano’s ADA (-4.87%), Ethereum (-4.27%), and Ripple’s XRM (-4.21%) saw relatively modest losses on the day.

In the current week, the crypto total market cap rose to a Monday high $361.38bn before falling to a Tuesday low $328.26bn. At the time of writing, the total market cap stood at $337.05bn.

Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Tuesday low 61.61%. At the time of writing, Bitcoin’s dominance stood at 62.19%.

This Morning

At the time of writing, Bitcoin was down by 0.10% to $11,367.5. A mixed saw Bitcoin rise to an early morning high $11,396.4 before falling to a low $11,340.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Tezos was down by 2.78% to lead the way down.

BTC/USD 12/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,482 pivot to support a run at the first major resistance level at $11,840.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,800 levels.

Barring an extended crypto rally, resistance at $11,500 would leave Bitcoin short of the first major resistance level.

In the event of a crypto breakout, Bitcoin could eye $12,000 levels before any pullback.

Failure to move through the $11,482 pivot level would bring the first major support level at $11,020 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels. The second major support level sits at $10,662.

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

Bitcoin, BTC to USD, fell by 0.75% on Sunday. Partially reversing a 1.59% gain from Saturday, Bitcoin ended the week up by 5.57% to $11,675.3.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,788 before hitting reverse.

Falling short of the first major resistance level at $11,866, Bitcoin slid to a late afternoon intraday low $11,530.0.

Bitcoin fell through the first major support level at $11,593 before finding support.

A late move back through to $11,600 levels cut the deficit on the day.

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

The Rest of the Pack

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

Stellar’s Lumen and Tezos bucked the trend, with gains of 2.03% and 8.98% respectively.

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

Bitcoin Cash SV led the way down, falling by 3.51%.

Bitcoin Cash ABC (-2.36%), Binance Coin (-2.23%), Ethereum (-1.78%), Litecoin (-2.55%), Monero’s XMR (-2.13%), and Ripple’s XRP (-2.56%) also saw heavy losses.

Cardano’s ADA (-1.28%), EOS (-1.20%), and Tron’s TRX (-0.43%) saw modest losses on the day.

It was also a mixed week for the majors.

Ripple’s XRP bucked the trend with a 0.04% loss.

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

Tezos led the way, rallying by 27.30%.

Binance Coin (+6.82%), Bitcoin Cash ABC (+6.61%), Cardano’s ADA (+8.36%), Monero’s XMR (+9.69%), and Tron’s TRX (+7.38%) also found strong support.

Bitcoin Cash SV (+1.90%), EOS (+2.95%), Ethereum (+4.90%), Litecoin (+0.30%), and Stellar’s Lumen (+2.73%) trailed the front runners.

In the week, the crypto total market cap rose from a Monday low $322.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $349.50bn.

Bitcoin’s dominance fell to a Tuesday low 61.24% before rising to a Friday high $63.16. At the time of writing, Bitcoin’s dominance stood at 62.15%.

This Morning

At the time of writing, Bitcoin was up by 0.80% to $11,769.0. A bullish start to the day saw Bitcoin rise from an early morning low $11,746.3 to a high $11,789.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA bucked the trend early on, falling by 0.16%.

It was a bullish start for the rest of the majors, however, with Tezos up by 2.71% to lead the way.

BTC/USD 10/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,664 pivot to support a run at the first major resistance level at $11,799.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,789.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,922.

A fall through the $11,664 pivot level would bring the first major support level at $11,541 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid the second major support level at $11,406.

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

Bitcoin, BTC to USD, rose by 1.59% on Saturday. Reversing a 1.52% fall from Friday, Bitcoin ended the day at $11,764.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,523 before finding support.

Steering clear of the first major support level at $11,304, Bitcoin rose to a mid-day intraday high $11,796.

Falling short of the first major resistance level at $11,878, Bitcoin fell back to a low $11,601.

Avoiding sub-$11,600 levels, Bitcoin moved back through to $11,700 levels to deliver the upside on the day.

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

The Rest of the Pack

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

Cardano’s ADA and Tezos led the way, with gains of 5.74% and 9.84% respectively.

Binance Coin (+2.64%), Ethereum (+4.67%), Litecoin (+2.15%), and Tron’s TRX (+3.19%) also found strong support.

Bitcoin Cash ABC (+1.61%), Bitcoin Cash SV (+1.25%), EOS (+1.89%), Monero’s XMR (+1.08%), Ripple’s XRP (+0.40%), and Stellar’s Lumen (+0.97%) trailed the pack.

In the current week, the crypto total market cap rose from a Monday low $322.88bn to a Thursday high $355.09bn. At the time of writing, the total market cap stood at $349.48bn.

Bitcoin’s dominance fell to a Tuesday low 61.24% before rising to a Friday high 63.16%. At the time of writing, Bitcoin’s dominance stood at 62.15%.

This Morning

At the time of writing, Bitcoin was down by 0.08% to $11,755. A mixed start to the day saw Bitcoin rise to an early morning high $11,777.1 before falling to a low $11,746.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Tezos led the way down, with losses of 1.23% and 1.38% respectively.

Binance Coin (-0.75%), EOS (-0.11%), Litecoin (-0.21%), Monero’s XMR and Stellar’s Lumen (-0.44%) also saw red.

Bitcoin Cash ABC (+0.80%), Bitcoin Cash SV (+0.80%), Ethereum (+0.06%), Ripple’s XRP (+0.09%), and Tron’s TRX (+0.47%) found early support.

BTC/USD 09/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,694 pivot to support a run at the first major resistance level at $11,866.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,796.

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

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,967.

A fall through the $11,694 pivot level would bring the first major support level at $11,593 into play.

Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,400 support levels. The second major support level at $11,421 should limit the downside.