A mixed start to the day saw Bitcoin rise to an early morning intraday high $11,778.0 before hitting reverse.

Falling short of the first major resistance level at $11,875, Bitcoin slid to a late afternoon intraday low $11,137.0.

Bitcoin fell through the days major support levels before a brief recovery to $11,400 levels.

The late recovery saw Bitcoin move back through the third major support level at $11,256 to reduce the deficit on the day.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 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 a bearish day for the majors on Tuesday.

Cardanos ADA (-8.99%), EOS (-7.77%), and Trons TRX (-8.54%) led the way down.

Bitcoin Cash SV (-6.04%), Ethereum (-6.02%), and Tezos (-6.54%) werent far behind.

Binance Coin (-5.22%), Bitcoin Cash ABC (-4.74%), Litecoin (-5.91%), Moneros XMR (-5.75%), Ripples XRP (-4.22%), and Stellars Lumen (-5.58%) also struggled on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $331.45bn. At the time of writing, the total market cap stood at $341.48bn.

Bitcoins dominance fell to a Monday low 60.62% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoins dominance stood at 61.34%.

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The Crypto Daily - The Movers and Shakers - August 26th, 2020 - FX Empire