Bitcoin, BTC to USD, rallied by 2.43% on Tuesday. Reversing a 0.56% decline from Monday, Bitcoin ended the day at $9.402.0.<\/p>\n
It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,174.4 to an early afternoon intraday high $9,457.2.<\/p>\n
Bitcoin broke through the major resistance levels before falling back to $9,340 levels.<\/p>\n
The pullback saw Bitcoin fall through the third major resistance level at $9,358.03 before returning to $9,400 levels.<\/p>\n
Resistance at $9,400 capped the upside late in the day.<\/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 bullish day on Tuesday.<\/p>\n
Tezos led the way, rallying by 9.29%.<\/p>\n
Bitcoin Cash SV (+5.60%), Cardanos ADA (+4.66%), Ethereum (+4.13%), Litecoin (+4.53%), also found strong support.<\/p>\n
Binance Coin (+1.43%), Bitcoin Cash ABC (+2.60%), EOS (+2.32%), Moneros XMR (+0.68%), Ripples XRP (+2.53%), Stellars Lumen (+2.59%), and Trons TRX (+2.42%) trailed the front runners.<\/p>\n
At the start of the week, the crypto total market cap fell to a Monday low $262.70bn before striking a Tuesday high $274.62bn. At the time of writing, the total market cap stood at $270.71bn.<\/p>\n
Bitcoins dominance fell to a Monday low 63.20% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoins dominance stood at 63.76%.<\/p>\n
At the time of writing, Bitcoin was down by 0.30% to $9,373.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,402.1 to a low $9,373.9.<\/p>\n
Bitcoin left the major support and resistance levels untested early on.<\/p>\n
Elsewhere, it was a mixed start to the day. Moneros XMR bucked the trend at the time of writing, rising by 0.03%.<\/p>\n
It was bearish for the rest of the majors, with Tezos down by 1.60% to lead the way down.<\/p>\n
Bitcoin would need to avoid a fall through the $9,345 pivot to support a run at the first major resistance level at $9,515.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break out from Tuesdays high $9,457.2.<\/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 could test the second major resistance level at $9,627 before any pullback.<\/p>\n
Failure to avoid a fall through the $9,345 pivot level would bring the first major support level at $9,232 into play.<\/p>\n
Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level sits at $9,062.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
<\/p>\n
See the rest here:<\/p>\n
The Crypto Daily Movers and Shakers July 22nd, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin, BTC to USD, rallied by 2.43% on Tuesday. Reversing a 0.56% decline from Monday, Bitcoin ended the day at $9.402.0. It was a bullish start to the day. Continue reading