Bitcoin rose by 0.50% on Saturday. Partially reversing a 1.74% fall from Friday, Bitcoin ended the day at $9,668.4.<\/p>\n
It was another mixed start to the day. Bitcoin fell to an early morning intraday low $9,552.6 before making a move.<\/p>\n
Steering clear of the first major support level at $9,538.6, Bitcoin rallied to a midday intraday high $9,742.3 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $9,784.0, Bitcoin slid back to sub-$9,600 levels before briefly revisiting $9,700 levels.<\/p>\n
Resistance at $9,700 ultimately pinned Bitcoin back late in the day to limit the upside on the day.<\/p>\n
The near-term bullish trend remained intact, in spite of the mixed week.<\/p>\n
For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.<\/p>\n
Across the rest of the majors, it was another mixed day for the majors on Saturday.<\/p>\n
Stellars Lumen rose by 1.64% to lead the way on the day.<\/p>\n
Cardanos ADA (+0.40%), Ethereum (+0.81%), Moneros XMR (+0.79%), Ripples XRP (+0.57%), and Trons TRX (+0.94%) also avoided the red.<\/p>\n
It was a bearish day for the rest of the majors. Bitcoin Cash ABC fell by 1.32% to lead the way down.<\/p>\n
Binance Coin (-0.74%), Bitcoin Cash SV (-0.28%), EOS (-0.53%), and Tezos (-0.24%) also saw red, while Litecoin ended the day flat.<\/p>\n
Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $270.22bn.<\/p>\n
In the week, Bitcoins rose to a Monday high 67.13% before falling to a Thursday low 65.58%. At the time of writing, Bitcoins dominance stood at 65.81%.<\/p>\n
At the time of writing, Bitcoin was down by 0.12% to $9,657.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,668.5 to a low $9,619.4.<\/p>\n
Bitcoin left the major support and resistance levels untested early on.<\/p>\n
The rest of the majors saw another mixed start to the day.<\/p>\n
Ethereum (-0.09%), Moneros XRM (-0.19%), and Tezos (-0.13%) joined Bitcoin in the red.<\/p>\n
The rest of the majors were in the green at the time of writing, with Bitcoin Cash SV up by 0.44% to lead the way.<\/p>\n
Bitcoin would need to move through to $9,760 levels to bring the first major resistance level at $9,756.27 into play.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break out from Saturdays high $9,742.3.<\/p>\n
Barring another broad-based crypto rally, the first major resistance level and Saturdays high would likely limit any upside.<\/p>\n
In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $9,844.13 before any pullback.<\/p>\n
Failure to move through to $9,760 levels could see Bitcoin struggle on the day, however.<\/p>\n
A fall back through the morning low to sub-$9,600 levels would bring the first major support level at $9,566.57 into play.<\/p>\n
Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,464.73.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Originally posted here: <\/p>\n
The Crypto Daily Movers and Shakers -07\/06\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin rose by 0.50% on Saturday. Partially reversing a 1.74% fall from Friday, Bitcoin ended the day at $9,668.4. It was another mixed start to the day. Continue reading