The Crypto Daily Movers and Shakers September 18th, 2020 – Yahoo Finance

Bitcoin, BTC to USD, slipped by 0.11% on Thursday. Following a 1.60% gain on Wednesday, Bitcoin ended the day at $10,959.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,069.2 before hitting reverse.

Falling short of the first major resistance level at $11,157, Bitcoin slid to an early afternoon intraday low $10,765.9.

Steering clear of the first major support level at $10,734, Bitcoin recovered to a high $10,985.3 before falling back into the red.

The near-term bullish trend remained intact, supported by the latest visit 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 Thursday.

Binance Coin and Bitcoin Cash ABC bucked the trend, falling by 2.69% and by 0.77% respectively.

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

Ethereum (+6.63%), Moneros XMR (+4.98%), and Trons TRX (+6.96%) led the way.

Cardanos ADA (+2.78%), Litecoin (+2.41%), and Ripples XRP (+2.07%) also found strong support.

Bitcoin Cash SV (+1.19%), EOS (+0.96%), Stellars Lumen (+0.49%), and Tezos (+0.13%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Thursday high $339.95bn. At the time of writing, the total market cap stood at $332.77bn.

Bitcoins dominance rose from a Monday low 59.64% to a Wednesday high 61.56%. At the time of writing, Bitcoins dominance stood at 60.54%.

At the time of writing, Bitcoin was down by 0.40% to $10,915.0. A mixed start to the day saw Bitcoin rise to an early morning high $10,971.0 before falling to a low $10,912.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin ABC was up by 0.26% to buck the trend early on.

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

At the time of writing, Trons TRX was down by 1.17% to lead the way down.

Bitcoin would need to move back through the $10,931 pivot level to support a run at the first major resistance level at $11,097.

Support from the broader market would be needed, however, for Bitcoin to breakout from Thursdays high $11,069.2.

Barring an extended crypto rally, the first major resistance level and current week high $11,105 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,235 before any pullback.

Failure to move back through the $10,931 pivot would bring the first major support level at $10,794 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,700 levels. The second major support level sits at $10,628.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers September 18th, 2020 - Yahoo Finance

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