The Crypto Daily – Movers and Shakers – December 27th, 2020

27/12/2020 2h21

EnregistrerEnregistréSupprimé 0

Steering clear of the first major support level at $23,449, Bitcoin rallied to a late intraday high and a new swing hi $26,723.0.

Bitcoin broke through the first major resistance level at $25,396 and the second major resistance level at $26,073.

While easing back, Bitcoin avoided a fall back through the second major resistance level, holding onto the $26,000 handle through to the day end.

The near-term bullish trend remained intact, supported by the latest breakthrough to $26,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $12,680 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.

Chainlink (-4.92%), Polkadot (-6.96%), and Ripple’s XRP (-7.60%) saw red to buck the trend on the day once more.

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

Crypto.com Coin rose by 2.94% to lead the way.

Binance Coin (+1.28%), Ethereum (+1.56%), and Litecoin (+1.48%) also found relatively strong support.

Bitcoin Cash SV (+0.02%) and Cardano’s ADA (+0.57%) trailed the front runners, however.

In the current week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Saturday high $715.51bn. At the time of writing, the total market cap stood at $699.49bn.

Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 71.03%.

Source link

0 0 voter

Article Rating