The Crypto Daily – Movers and Shakers – November 9, 2020

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It was a mixed start to the day. Bitcoin fell to a morning intraday low $ 14,755 before making a move.

Avoiding the first major support level at $ 14,257, Bitcoin reached a late afternoon intraday high of $ 15,650.0.

Bitcoin broke through the first major resistance level at $ 15,586 before returning to $ 15,200.

Finding support late, however, Bitcoin rallied to end the week at $ 15,500 levels.

The short-term bullish trend remained intact, supported by the latest move up to the $ 15,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 6,400 to form a short-term bearish trend.

The rest of the pack

In the rest of the majors, Sunday was a mixed day.

Crypto.com Coin and Polkadot fell 5.30% and 1.09% respectively to reverse the trend of the day.

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

Bitcoin Cash ABC (+ 7.17%) and Chainlink (+ 8.25%) led the way.

Bitcoin Cash SV (+ 4.20%), Cardano’s ADA (+ 5.22%), Ethereum (+ 4.30%) and Litecoin (+ 3.43%) also found strong support.

Binance Coin (+ 2.37%) and Ripple’s XRP (+ 1.79%) followed the top finishers.

For the week, it was also a mixed bag for the crypto majors.

Crypto.com Coin and Polkadot slid 14.27% and 8.02% respectively, with Binance Coin down 0.35%.

However, it was a bullish week for the rest of the majors.

Ethereum (+ 14.54%), Cardano’s ADA (+ 8.46%), Chainlink (+ 9.84%), Litecoin (+ 9.56%) led the way.

Bitcoin Cash ABC (+ 0.77%), Bitcoin Cash SV (+ 2.22%) and Ripple’s XPR (+ 5.44%) followed the top finishers of the week.

For the week, total cryptocurrency market cap fell to a low on Tuesday at $ 379.41 billion before hitting a high on Friday at $ 456.16 billion. At the time of writing, the total market capitalization was $ 443.58 billion.

Bitcoin’s dominance fell to a Monday low of 63.16% before climbing to a Friday high of 66.51%. At the time of writing, Bitcoin’s dominance was 65.04%.

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