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The Crypto Daily – The Movers and Shakers – October 24th, 2020 – FX Empire


It was a mixed start to the day. Bitcoin rose to a late morning intraday high $13,032.0 before hitting reverse.

Falling short of the first major resistance level at $13,214, Bitcoin fell to a late afternoon intraday low $12,738.0.

Finding support at the first major support level at $12,736, Bitcoin revisited $12,970 levels before easing back.

The near-term bullish trend remained intact, supported by the latest move through to $13,000 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 Friday.

Bitcoin Cash ABC (+0.75%), Chainlink (+1.63%), Crypto.com Coin (+0.82%), Litecoin (+1.87%), and Polkadot (+0.12%) found support, while Binance Coin ended the day flat.

It was a bearish day for the rest of the majors.

Bitcoin Cash SV (-2.19%) and Cardano’s ADA (-2.31%) led the way down.

Ethereum (-1.23%) and Ripple’s XRP (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total fell to a Tuesday low $347.77bn before surging to a Thursday high $397.58bn. At the time of writing, the total market cap stood at $387.31bn.

Bitcoin’s dominance fell to a Wednesday low 57.52% before rising to a Thursday high 62.46%. At the time of writing, Bitcoin’s dominance stood at 61.82%.



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