The Crypto Daily – Movers and Shakers – September 20th, 2020 – FX Empire


It was a range-bound start to the day. Bitcoin dipped to a late morning intraday low $10,920.0 before making a move.

Steering clear of the first major support level at $10,834, Bitcoin struck a mid-day intraday high $11,185.0.

Bitcoin broke through the first major resistance level at $11,073 before easing back.

Coming up against the second major resistance level at $11,188, Bitcoin fell back through the first major resistance level to sub-$11,040 levels.

Finding late support, however, Bitcoin broke back through the first major resistance level to wrap up the day at $11,090 levels.

The near-term bullish trend remained intact, supported by the latest visit to $11,000 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 another mixed day on Saturday.

Binance Coin (-1.74%), Bitcoin Cash SV (-0.70%), Litecoin (-0.14%), Tezos (-2.79%), and Tron’s TRX (-4.81%) saw red on the day.

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

Bitcoin Cash ABC (0.10%), Cardano’s ADA (+0.56%), EOS (+0.47%), Ethereum (+0.16%), Monero’s XMR (+2.11%), Ripple’s XRP (+0.17%), and Stellar’s Lumen (+0.28%) joined Bitcoin in the green.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Saturday high $341.59bn. At the time of writing, the total market cap stood at $336.10bn.

Bitcoin’s dominance rose from a Monday low 59.64% to a Wednesday high 61.56%. At the time of writing, Bitcoin’s dominance stood at 60.89%.

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