Bitcoin, BTC to USD, fell by 0.46% on Saturday. Partially reversing a 1.78% gain from Friday, Bitcoin ended the day at $11,492.0.<\/p>\n
It was a mixed start to the day. Bitcoin fell to an early morning low $11,483.0 before rising to a late morning intraday high $11,606.3.<\/p>\n
Falling short of the first major resistance level at $11,640, Bitcoin slid to a late morning intraday low $11,450.0.<\/p>\n
Steering clear of the first major support level at $11,376, Bitcoin moved back through to $11,500 levels.<\/p>\n
A bearish end to the day, however, saw Bitcoin slip back to sub-$11,500 levels and into the red.<\/p>\n
The near-term bullish trend remained intact, supported by the latest move through to $12,000 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 for the majors on Saturday.<\/p>\n
Binance Coin (-0.61%), Bitcoin Cash ABC (-0.47%), Bitcoin Cash SV (-0.78%), Litecoin (-0.71%), and Moneros XMR (-2.06%) joined Bitcoin in the red.<\/p>\n
It was a bullish day for the rest of the majors, however.<\/p>\n
Cardanos ADA rallied by 6.34% to lead the way.<\/p>\n
EOS (+0.27%), Ethereum (+0.82%), Ripples XRP (+0.80%), Stellars Lumen (+0.59%), Tezos (+2.65%), and Trons TRX (+4.22%) also made gains on the day.<\/p>\n
In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $351.97bn.<\/p>\n
Bitcoins dominance rose to a Tuesday high 62.13% before falling to a Saturday low 60.69%. At the time of writing, Bitcoins dominance stood at 61.01%.<\/p>\n
At the time of writing, Bitcoin was up by 1.36% to $11,648.0. A bullish start to the day saw Bitcoin rise from an early morning low $11,480.0 to a high $11,668.4.<\/p>\n
Bitcoin broke through the first major resistance level at $11,582 early on.<\/p>\n
Elsewhere, it was also a bullish start to the day.<\/p>\n
At the time of writing, Trons TRX was up by 5.15% to lead the way.<\/p>\n
Story continues<\/p>\n
Bitcoin would need to avoid a fall back through to sub-$11,600 levels to support a run at the second major resistance level at $11,672.<\/p>\n
Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,668.4.<\/p>\n
Barring an extended crypto rally, the second major resistance level would likely cap any upside.<\/p>\n
In the event of a crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The third major resistance level sits at $11,829.<\/p>\n
A fall back through to sub-$11,600 levels and the $11,516 pivot would bring the first major support level at $11,426 into play.<\/p>\n
Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,400 levels on the day. The second major support level sits at $11,360.<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Continue reading here:<\/p>\n
The Crypto Daily Movers and Shakers August 30th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin, BTC to USD, fell by 0.46% on Saturday. Partially reversing a 1.78% gain from Friday, Bitcoin ended the day at $11,492.0. It was a mixed start to the day. Continue reading