Bitcoin, BTC to USD, rose 048% on Sunday Following a 0Gain of 39% on Saturday, Bitcoin ended the week down 121% to $ 10,803 0
It was a mixed start to the day Bitcoin hit an early morning intraday high of $ 10,824 0 before hitting reverse
Below the first major resistance level at $ 10,836, Bitcoin slipped to a midday intraday low of $ 10,594 0
Avoiding the second major support level at $ 10,589, Bitcoin returned to $ 10,800 and turned green
Short term uptrend remained intact, despite latest pullback For bears, Bitcoin would need to slide through the 62% FIB of $ 6400 to form a short term downtrend
Binance Coin (011%), Cryptocom Coin (006%), Litecoin (004%) and Ripple’s XRP (069%) followed first
Binance Coin (1081%), Bitcoin Cash SV (1652%), Cardano’s ADA (1331%) and Chainlink (1101%) led the way
Bitcoin Cash ABC (-008%), Ethereum (-357%), Cryptocom Coin (-505%), Litecoin (-217%), Polkadot (-634%) and Ripple’s XRP (-128%) have joins Bitcoin in the red
During the week, the total crypto market peaked at $ 334 on Monday 04 billion before falling to a low of $ 300 on Wednesday 97 billion At the time of writing this article, the total market cap s ‘amounted to $ 330 8 billion
Bitcoin’s dominance peaked at 6231% on Wednesday before dropping to Sunday’s low of 6065% At the time of writing, Bitcoin’s dominance was 6114%
At the time of writing, Bitcoin was up 154% to $ 10,968 9 A bullish start to the day saw Bitcoin drop from an early morning low of $ 10,8033 to $ 10,986 0
Bitcoin broke through the first major resistance level at $ 10,887 to test the second major resistance level at $ 10,970 early
Bitcoin should avoid a fall from the first major resistance level at $ 10,887 to support a breakout from the second major resistance level at $ 10,970
Support from the broader market would be needed, however, for Bitcoin to emerge from the morning high of $ 10,986 0
Barring a prolonged crypto rally, the second major resistance level and resistance at $ 11,000 would likely cap any advantage
In the event of a crypto breakout, Bitcoin could test the third major resistance level at $ 11,200 before any withdrawal
Failure to avoid a fall through the first major resistance level would put the $ 10,740 pivot into play
Unless there is an extended crypto sell-off, however, Bitcoin should avoid the first major support level at $ 10,657
Bitcoin, cryptocurrency exchange, finance
News from around the world – GB – The Crypto Daily – Movers and Shakers – September 28, 2020
