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The Crypto Daily – Movers and Shakers – October 19th, 2020

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,364.9 before making a move.

Steering clear of the first major support level at $11,294, Bitcoin rallied to a final hour intraday high $11,520.0.

Bitcoin broke through the first major resistance level at $11,437 and the second major resistance at $11,499.

The near-term bullish trend remained intact, supported by the latest move back 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.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday. Coin slid by 9.12% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Chainlink (+2.88%), Ethereum (+2.74%), and Polkadot (+2.00%) led the way.

Binance Coin (+1.52%), Cardano’s ADA (+1.49%), and Litecoin (+1.39%) also found strong support.

Bitcoin Cash ABC (+0.57%), Bitcoin Cash SV (+0.80%), and Ripple’s XRP (+0.63%) trailed the front runners on the day.

It was also a mixed week for the crypto majors in the week ending 18th October. Coin slumped by 21.56% to lead the way down.

Bitcoin Cash SV (-6.73%), Litecoin (-5.73%), Polkadot (-4.29%), and Ripple’s XRP (-5.21%) also saw red.

Binance Coin (+7.57%), Bitcoin Cash ABC (+3.71%), Cardano’s ADA (+0.87%), Chainlink (+0.75%), and Ethereum (+1.12%) joined Bitcoin in the green, however.

For the week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $353.28bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.18%.

Read More: The Crypto Daily – Movers and Shakers – October 19th, 2020

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