The Crypto Daily – Movers and Shakers – November 15th, 2020 – FX Empire


It was a bearish day. Bitcoin slid from an early morning intraday high $16,315.0 to a late afternoon intraday low $15,715.0.

The extended sell-off saw Bitcoin slide through the first major support level at $15,743 and the second major support level at $15,429.

Finding support late in the day Bitcoin broke back through the support levels to wrap up the day at $16,000 levels.

The near-term bullish trend remained intact, supported by the latest move through to $16,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $8,768 to form a near-term bearish trend.

The Rest of the Pack

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

Ripple’s XRP rose by 0.98% to buck the trend on the day.

It was a bearish day for the rest of the majors, however, which joined Bitcoin in the red.

Crypto.com Coin (-3.16%) Litecoin (-3.27%), and Ethereum (-3.35%) led the way down.

Bitcoin Cash ABC (-1.70%), Bitcoin Cash SV (-2.17%), Cardano’s ADA (-2.28%), and Chainlink (-2.29%) also struggled.

Binance Coin (-0.93%) and Polkadot (-0.17%) saw relatively modest losses.

For the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Friday high $471.06bn. At the time of writing, the total market cap stood at $455.81bn.

Bitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Friday high 65.99%. At the time of writing, Bitcoin’s dominance stood at 65.10%.



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