It was a mixed start to the day. Bitcoin rose to an early morning intraday high $15,740.0 before hitting reverse.

Falling sort of the first major resistance level at $15,914, Bitcoin slid to a late intraday low $14,411.0.

The sell-off saw Bitcoin fall through the first major support level at $15,205 and the second major support level at $14,838.

Finding late support, Bitcoin broke back through the second major support level to wrap up the day at $14,840 levels.

The near-term bullish trend remained intact, supported by the latest move through to $15,000 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 Saturday.

Cardano’s ADA (-7.31%), Crypto.com Coin (-6.45%), and Litecoin (-6.96%) led the way down.

Binance Coin (-4.51%), Bitcoin Cash SV (-4.31%), Chainlink (-3.56%), Ethereum (-4.56%), Polkadot (-3.03%), and Ripple’s XRP (-3.71) also struggled.

Bitcoin Cash ABC fell by a relatively modest 1.25% on the day.

For the current week, the crypto total market cap fell to a Tuesday low $379.41bn before hitting a Friday high $456.16bn. At the time of writing, the total market cap stood at $421.96bn.

Bitcoin’s dominance fell to a Monday low 63.16% before rising to a Friday high 66.51%. At the time of writing, Bitcoin’s dominance stood at 64.80%.

(Excerpt) Read more Here | 2020-11-07 17:35:48
Image credit: source

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