It was a mixed start to the day. Bitcoin fell to an early morning low $10,674.2 before finding support.

Steering clear of the major support levels, Bitcoin struck a late morning high $10,815.4 before hitting reverse.

Coming up short of the major resistance levels, Bitcoin slid to a late afternoon intraday low $10,654.0.

Steering clear of the first major support level at $10,585, Bitcoin rallied to a final hour intraday high $10,889.0.

Falling short of the first major resistance level at $10,915, Bitcoin eased back to end the day at sub-$10,860 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 on Tuesday.

Chainlink (-1.19%), Crypto.com Coin (-1.92%), and Polkadot (-0.36%) bucked the trend on the day.

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

Binance Coin rallied by 7.20% to lead the way.

Bitcoin Cash SV (+1.74%), Cardano’s ADA (+1.09%), Ethereum (+1.76%), Litecoin (+1.08%) also found solid support.

Bitcoin Cash ABC (0.11%) and Ripple’s XRP (+0.83%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $321.20bn before rising to a Tuesday high $341.14bn. At the time of writing, the total market cap stood at $337.21bn.

Bitcoin’s dominance rose to a Monday high 61.23% before falling to a Tuesday low 58.93%. At the time of writing, Bitcoin’s dominance stood at 59.31%.

(Excerpt) Read more Here | 2020-09-29 18:24:48
Image credit: source

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