Bitcoin, BTC to USD, rose by 0.60% on Friday. Following a 2.32% slide on Thursday, Bitcoin ended the day at $9,304.6.<\/p>\n
It was a bearish start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,133.1 before finding support.<\/p>\n
Finding support at the first major support level at $9,132.03, Bitcoin rallied to a late intraday high $9,324.6.<\/p>\n
In spite of the late recovery, Bitcoin fell well short of the first major resistance level at $9,407.73.<\/p>\n
The late recovery, however, saw Bitcoin wrap up the day in positive territory.<\/p>\n
The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. 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 a mixed day on Friday.<\/p>\n
Binance Coin (+2.73%), Bitcoin Cash ABC (+1.00%), Moneros XMR (+0.25%), and Tezos (+0.34%) bucked the trend on the day.<\/p>\n
It was a bearish day for the rest of the majors.<\/p>\n
Cardanos ADA led the way down, with a loss of 4.63%.<\/p>\n
Bitcoin Cash SV (-2.00%), XRP (-1.69%) Stellars Lumen (-0.99%), and Trons TRX (-2.02%) also struggled.<\/p>\n
EOS (-0.72%), Ethereum (-0.33%), and Litecoin (-0.02%) saw relatively modest losses on the day.<\/p>\n
In the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.03bn.<\/p>\n
Bitcoins dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoins dominance stood at 64.05%.<\/p>\n
At the time of writing, Bitcoin was down by 0.06% to $9,299.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,311.8 before falling to a low $9,294.0.<\/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 (-0.19%), Ethereum (-0.02%), and Litecoin (-0.02%) joined Bitcoin in the red.<\/p>\n
It was a bullish start for the rest of the majors, with Stellars Lumen up by 3.53% to lead the way.<\/p>\n
Bitcoin would need to avoid a fall through the $9,254 pivot level to support a run at the first major resistance level at $9,375.6.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break out from Fridays high $9,324.6.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
In the event of a crypto breakout, Bitcoin should break out from the second major resistance level at $9,445.6 before any pullback.<\/p>\n
Failure to avoid a fall through the $9,254 pivot level would bring the first major support level at $9,183.6 into play.<\/p>\n
Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,062.6 should limit any downside.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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The Crypto Daily Movers and Shakers July 11th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin, BTC to USD, rose by 0.60% on Friday. Following a 2.32% slide on Thursday, Bitcoin ended the day at $9,304.6 Continue reading