The Crypto Daily – Movers and Shakers – January 30th, 2021

A mixed start to the day saw Bitcoin fall to a late morning intraday low $31,987.0 before making a move.

While steering clear of the first major support level at $30,927, Bitcoin fell through the 23.6% FIB of $33,008.

Finding late morning support, Bitcoin rallied to an early afternoon intraday high $38,710.7 before hitting reverse.

Bitcoin broke through the first major resistance level at $34,809 and the second major resistance level at $36,246.

More significantly, Bitcoin also broke back through the 23.6% FIB of $33,008.

The reversal, however, saw Bitcoin slide back through the major resistance levels to revisit sub-$34,000 levels.

Steering clear of the 23.6% FIB, Bitcoin moved back through to $34,000 levels to deliver the upside on the day.

The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Chainlink (-1.37%) and Polkadot (-2.97%) saw red to buck the trend on the day.

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

Ripple’s XRP rallied by 6.89% to lead the pack

Ethereum (+3.47%), Crypto.com Coin (+3.65%), and Bitcoin Cash SV (+3.47%) also found strong support.

Binance Coin  (+0.41%), Cardano’s ADA (+0.60%), and Litecoin (+0.88%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $997.86bn.

Bitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 64.21%.