Bitcoin rose by just 0.01% on Thursday. Following a 2.78% slide from Wednesday, Bitcoin ended the day at $9,185.6.<\/p>\n
In spite of a bearish week, Bitcoin ended the month of October with a 10.2% gain.<\/p>\n
A bearish start to the day saw Bitcoin fall from a morning high $9,241.4 to a late morning intraday low $8,982.1.<\/p>\n
Falling short of the major resistance levels, Bitcoin fell through the first major support level at $8,997.23.<\/p>\n
Finding support from the broader market, Bitcoin bounced back to a mid-day intraday high $9,467.1.<\/p>\n
Bitcoin broke through the first major resistance level at $9,409.13 before sliding back to $9,012 levels.<\/p>\n
A late recovery to $9,100 levels left Bitcoin flat on the day.<\/p>\n
For the bulls, the extended bullish trend remained intact in spite of failing to break out from the 38.2% FIB of $9,734. Bitcoin has continued to hold above the 62% FIB of 7,245.<\/p>\n
Across the rest of the top 10 cryptos, it was a mixed day for the majors on Thursday.<\/p>\n
Stellars Lumen and Litecoin joined Bitcoin in the green, with gains of 1.6% and 0.57% respectively.<\/p>\n
It was red for the rest of the pack, with Bitcoin Cash SV (-4.27%), Bitcoin Cash ABC (-3.18%), and Trons TRX (-2.40%) leading the way down.<\/p>\n
Binance Coin (-0.80%), Ethereum (-0.56%), EOS (-0.37%), and Ripples XRP (-0.11%) saw more modest losses.<\/p>\n
Following Thursdays moves, Stellars Lumen retook the number 10 spot by market cap from Trons TRX.<\/p>\n
There was nothing mixed about the month, however.<\/p>\n
Bitcoin Cash SV (+47.42%), Trons TRX (+35.65%), Binance Coin (+25.52%), and Bitcoin Cash ABC (+25.11%) led the way in October.<\/p>\n
Ripples XRP and EOS also made strong gains, with the pair ending the month up by 14.61% and by 9.75% respectively.<\/p>\n
Stellars Lumen (+5.44%), Litecoin (+4.06%), and Ethereum (+0.64%) saw more modest gains.<\/p>\n
Through the month, the total crypto market cap rose from a 24th October low $203.27 a 26th October high $257.76bn before easing back. At the time of writing, the total market cap stood at $245.17bn.<\/p>\n
Bitcoins dominance held steady 67% levels at the month-end, while trading volumes jumped from sub-$50bn levels to $155bn levels before easing back to sub-$90bn levels.<\/p>\n
At the time of writing, Bitcoin was down by 0.41% to $9,148.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,186.6 to a low $9,111.0.<\/p>\n
Bitcoin left the major support and resistance levels untested early on.<\/p>\n
Elsewhere, Stellars Lumen and Trons TRX bucked the trend early on, with gains of 8.17% and 1.04% respectively.<\/p>\n
It was red for the rest, however, with Bitcoin Cash SV (-1.64%) leading the way down.<\/p>\n
Bitcoin would need to move through the morning high to $9,220 levels to support a run at the first major resistance level at $9,441.10.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break back through to $9,400 levels.<\/p>\n
Barring a broad-based crypto rally later in the day, Bitcoin will likely fall short of $9,500 levels for a 3rd consecutive day.<\/p>\n
Failure to move through to $9,220 levels could see Bitcoin fall for a 3rd day in the week.<\/p>\n
A fall back through to sub-$9,100 levels would bring the first major support level at $8.956.1 into play.<\/p>\n
Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$8,900 support levels.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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The Crypto Daily Movers and Shakers -01\/11\/19 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin rose by just 0.01% on Thursday. Following a 2.78% slide from Wednesday, Bitcoin ended the day at $9,185.6 Continue reading