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The Crypto Daily – Movers and Shakers – November 13th, 2020
It was a bearish start to the day. Bitcoin fell to an early morning intraday low $15,453.0 before making a move.
Steering clear of the first major support level at $15,341, Bitcoin rallied to a late intraday high $16,325.0.
Bitcoin broke through the first major resistance level at $16,030 to wrap up the day at $16,290 levels.
The near-term bullish trend remained intact, supported by the latest move through to $15,000 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 Thursday.
Bitcoin Cash ABC (+0.72%), Bitcoin Cash SV (+0.03%), Crypto.com Coin (+2.29%), and Litecoin (+2.38%) joined Bitcoin in the green to buck the trend on the day.
It was a bearish day for the rest of the majors.
Chainlink and Polkadot slid by 2.99% and by 4.62% respectively to lead the way down.
Binance Coin (-1.19%), Cardano’s ADA (-1.30%), Ethereum (-0.17%), and Ripple’s XRP (-0.45%) also saw red on the day.
For the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Thursday high $466.77bn. At the time of writing, the total market cap stood at $495.66bn.
Bitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Thursday high 65.90%. At the time of writing, Bitcoin’s dominance stood at 65.93%.
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