The Crypto Daily Movers and Shakers September 17th, 2020 – FX Empire

It was a bearish start to the day. Bitcoin fell to an early morning intraday low $10,682.0 before making a move.

Steering clear of the first major support level at $10,647, Bitcoin rallied to a late afternoon intraday high $11,105.0.

Bitcoin broke through the first major resistance level at $10,946 and the second major resistance level at $11,094.

A late pullback, however, saw Bitcoin fall back through the second major resistance level to wrap up the day at sub-$11,000 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.

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

Binance Coin (+2.73%), EOS (+0.30%), Ethereum (+0.32%), Ripples XRP (+1.66%), and Stellars Lumen (+2.71%) joined Bitcoin in the green.

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

Trons TRX and Moneros XMR led the way down, with losses of 3.19% and 5.15% respectively.

Bitcoin Cash ABC (-0.55%), Bitcoin Cash SV (-2.93%), Cardanos ADA (-1.63%), Litecoin (-1.20%), and Tezos (-1.21%) also struggled.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Tuesday high $337.85bn. At the time of writing, the total market cap stood at $335.17bn.

Bitcoins dominance rose from a Monday low 59.64% to a Wednesday high 61.56%. At the time of writing, Bitcoins dominance stood at 60.87%.

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The Crypto Daily Movers and Shakers September 17th, 2020 - FX Empire

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