Bitcoin rallied by 2.77% on Sunday. Following on from a 0.73% gain on Saturday, Bitcoin ended the week up by 8.53% to $10,151.0.<\/p>\n
A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,871.1 to a mid-morning intraday high $10,165.0.<\/p>\n
Bitcoin broke through the first major resistance level at $9,979.4 and the second major resistance level at $10,081.6.<\/p>\n
A mid-afternoon pullback saw Bitcoin fall back through the major resistance levels before bouncing back.<\/p>\n
The late bounce back saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $10,100 levels.<\/p>\n
Bitcoin steered well clear of the major support levels throughout the day.<\/p>\n
The near-term bearish trend, formed at late Junes swing hi $13,764.0, remained firmly intact, however, in spite of the upward momentum.<\/p>\n
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.<\/p>\n
Across the rest of the top 10 cryptos, it was a bullish end to the week for the crypto majors.<\/p>\n
Tezos and Binance Coin led the way with rallies of 15.04% and 11.87% respectively.<\/p>\n
Bitcoin Cash SV (+4.15%), EOS (+5.22%), and Moneros XMR (+8.63%) also made strong gains.<\/p>\n
Bitcoin Cash ABC (+0.79%), Cardanos ADA (+3.36%), Ethereum (+2.44%), Litecoin (+0.51%), Ripples XRP (+1.92%), Stellars Lumen (+2.38%), and Trons TRX (+1.13%) saw more modest gains.<\/p>\n
For the week, Binance Coin and Tezos led the way, with gains of 32.74% and 37.82% respectively. In the week, Tezos returned to the top 10 by market cap.<\/p>\n
Bitcoin Cash ABC (+19.80%), Bitcoin Cash SV (+26.6%), EOS (+18.38%), Ethereum (+21.56%), Moneros XMR (+17.28%), Stellars Lumen (+15.30%), and Trons TRX (+15.55%) also made particularly strong gains.<\/p>\n
Cardanos ADA (11.48%), Litecoin (+10.34%), and Ripples XRP (+12.30%) trailed the pack in the week.<\/p>\n
Through the current week, the crypto total market cap rose from a Tuesday low $254.52bn to a Sunday high $289.97bn. At the time of writing, the total market cap stood at $290.50bn.<\/p>\n
Having fallen back from 66% levels, Bitcoins dominance slipped further back to sub-64% levels over the weekend. More marked gains across the broader market pinned Bitcoin back. At the time of writing, Bitcoins dominance stood at 63.6%.<\/p>\n
Trading volumes were on the up, rising to $146bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $132.73bn.<\/p>\n
At the time of writing, Bitcoin was down by 0.06% to $10,145.0. A bearish start to the day saw Bitcoin fall from an early morning high $10,187.0 to a low $10,129.0.<\/p>\n
Bitcoin left the major support and resistance levels untested early on.<\/p>\n
Elsewhere, it was a mixed start to the day.<\/p>\n
Bitcoin Cash SV (-1.03%) and Moneros XMR (-1.17%) led the way down.<\/p>\n
Binance Coin (-0.38%), Bitcoin Cash ABC (-0.73%), Cardanos ADA (-0.62%), EOS (-0.30%), Ethereum (-0.23%), Ripples XRP (-0.10%) and Trons TRX (-0.24%) also saw red.<\/p>\n
Litecoin (+0.17%), Stellars Lumen (+0.83%), and Tezos (+0.81%) bucked the trend early on.<\/p>\n
Bitcoin would need to move back through the morning high $10,187.0 to bring the first major resistance level at $10,253.63 into play.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break through to $10,200 levels.<\/p>\n
Story continues<\/p>\n
Barring a broad-based crypto rally day, the first major resistance level would likely limit any upside on the day.<\/p>\n
In the event of another breakout, the second major resistance level at $10,356.27 and $10,500 levels could come into play.<\/p>\n
Failure to move back through the morning high $10,287.0 could see Bitcoin fall deeper into the red.<\/p>\n
A fall back through the morning low $10,129.0 to sub-$10,062 levels would bring the first major support level at $9,959.73 into play.<\/p>\n
Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,900 on the day.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Original post: <\/p>\n
The Crypto Daily Movers and Shakers 10\/02\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin rallied by 2.77% on Sunday. Following on from a 0.73% gain on Saturday, Bitcoin ended the week up by 8.53% to $10,151.0. A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,871.1 to a mid-morning intraday high $10,165.0 Continue reading