The Crypto Daily – Movers and Shakers – March 31st, 2021 – FX Empire


A bearish start to the day saw Bitcoin fall to an early morning intraday low $57,135.0 before making a move.

Steering clear of the first major support level at $55,507, Bitcoin rallied to a mid-day intraday high $59,523.0.

The morning rally saw Bitcoin break through the first major resistance level at $59,168 before easing back.

Falling short of $60,000 levels and the second major resistance level at $60,660, Bitcoin fell back to sub-$58,500 levels.

Finding late support, however, Bitcoin briefly moved back through to $58,900 levels before easing back.

The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Binance Coin  jumped by 13.22% to lead the way.

Cardano’s ADA (+0.84%), Crypto.com Coin (+0.33%), Ethereum (+1.40%), and Litecoin (+1.06%) also found support.

It was a bearish day for the rest of the pack, however.

Polkadot fell by 2.97% to lead the way down.

Bitcoin Cash SV (-0.53%), Chainlink (-0.70%), and Ripple’s XRP (-0.46%) also saw red on the day.

In early part of the week, the crypto total market fell to a Monday low $1,671bn before rising to a Tuesday high $1,843bn. At the time of writing, the total market cap stood at $1,812bn.

Bitcoin’s dominance fell to a Monday low 60.14% before rising to a Monday high 61.31%. At the time of writing, Bitcoin’s dominance stood at 60.73%.

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