Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.<\/p>\n
It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.<\/p>\n
Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.<\/p>\n
Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.<\/p>\n
The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.<\/p>\n
The near-term bullish trend remained intact, supported by the latest move through to $11,000 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 Wednesday.<\/p>\n
Cardanos ADA slid by 6.46% to lead the way down.<\/p>\n
Bitcoin Cash SV (-2.54%), Moneros XMR (-2.76%), and Stellars Lumen (-2.36%) also saw relatively heavy losses.<\/p>\n
Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Trons TRX (-0.12%) saw more modest losses on the day.<\/p>\n
It was a bullish day for the rest of the majors, however.<\/p>\n
Ripples XRP rallied by 5.57% to lead the way.<\/p>\n
EOS (+0.79%) and Ethereum (+0.20%) also found support.<\/p>\n
In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.<\/p>\n
Bitcoins dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoins dominance stood at 64.14.<\/p>\n
At the time of writing, Bitcoin was down by 0.35% to $11,077.8. A bearish start to the day saw Bitcoin fall from an early morning high $11,117.4 to a low $11,004.0.<\/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
At the time of writing, Moneros XMR and Bitcoin Cash SV were up by 1.04% and 0.92% respectively to lead the way.<\/p>\n
Binance Coin (+0.05%), Ethereum (+0.16%), and Stellars Lumen (+0.23%) also found early support.<\/p>\n
It was a bearish start for the rest of the majors, with Ripples XRP down by 1.10% to lead the way down.<\/p>\n
Bitcoin would need to move through the $11,116 pivot to support a run at the first major resistance level at $11,380.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break out from Wednesdays high $11,355.<\/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 eye the second major resistance level at $11,601.<\/p>\n
Failure to move through the $11,116 pivot level would bring the first major support level at $10,852 into play.<\/p>\n
Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels and the second major support level at $10,588.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Original post: <\/p>\n
The Crypto Daily The Movers and Shakers July 30th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117. Continue reading