The Crypto Daily – Movers and Shakers – October 23rd, 2020 – FX Empire


It was a mixed start to the day. Bitcoin fell to an early morning intraday low $12,710.0 before making a move.

Steering clear of the first major support level at $12,073, Bitcoin rallied to a late intraday high $13,188.0.

Falling short of the first major resistance level at $13,383, Bitcoin fell back to end the day at sub-$13,000 levels.

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 Thursday.

Crypto.com Coin fell by 4.30% to buck the trend on the day.

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

Chainlink rallied by 10.76% to lead the way.

Cardano’s ADA (+4.62%), and Ethereum (+5.96%) also found strong support on the day.

Binance Coin (+3.02%), Bitcoin Cash ABC (+1.87%), Bitcoin Cash SV (+2.51%), Litecoin (+2.54%), Polkadot (+1.86%), and Ripple’s XRP (+2.39%) trailed the front runners 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 $386.25bn.

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 61.84%.



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