The Crypto Daily – Movers and Shakers – December 14th, 2020

14/12/2020 2h27

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Steering clear of the first major support level at $18,264, Bitcoin rallied to an early afternoon intraday high $19,416.0.

Bitcoin broke through the first major resistance level at $19,158 before falling back to sub-$19,100 levels.

Finding support in the final hour, however, Bitcoin broke back through the first major resistance level to end the day at $19,180 levels.

The near-term bullish trend remained intact, supported by the recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish end to the week.

Cardano’s ADA (+6.48%), Chainlink (+5.93%), and Litecoin (+7.14%) led the way.

Binance Coin (+3.37%), Crypto.com Coin (+3.75%), and Ethereum (+3.89%) also made solid gains.

Bitcoin Cash SV (+1.58%), Polkadot (+1.29%), and Ripple’s XRP (+1.27%) trailed the front runners, however.

For the week ending 13^th December, it was a bearish week for the majors, however.

Ripple’s XRP led the way down, sliding by 17.78%.

Bitcoin Cash SV (-7.1%), Cardano’s ADA (-3.06%), Chainlink (-4.32%), Crypto.com Coin (-3.94%), and Polkadot (-3.58%) also struggled.

Binance Coin (-1.39%), Ethereum (-1.86%), and Litecoin (-1.65%) saw relatively modest losses in the week.

For the week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Friday low $509.01bn. At the time of writing, the total market cap stood at $551.5bn.

Bitcoin’s dominance fell to a Wednesday low 63.03% before rising to a Sunday high 64.71%. At the time of writing, Bitcoin’s dominance stood at 64.24%.

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