The Crypto Daily – Movers and Shakers – March 10th, 2021

A mixed start to the day saw Bitcoin fall from an early morning high $51,993 before making a move.

Steering clear of the first major support level at $50,364, Bitcoin rallied to an early afternoon high $54,839.0.

Bitcoin broke through the first major resistance level at $53,439 and the second major resistance level at $54,479.

A late pullback saw Bitcoin fall back through the second major resistance level to sub-$53,800 levels.

Finding late support, however, Bitcoin broke back through the second major resistance level to strike an end of day intraday high $54,955.3.

The near-term bullish trend remained intact supported by the return to $54,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash SV (-0.23%) and Chainlink (-1.01%) saw red to buck the trend on the day.

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

Binance Coin  surged by 21.95% to lead the way.

Cardano’s ADA (+7.03%), Crypto.com Coin (+5.67%), Litecoin (+6.29%), and Polkadot (+4.21%) also found strong support.

Ethereum (+2.02%) and Ripple’s XRP (+2.38%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Tuesday high $1,700bn. At the time of writing, the total market cap stood at $1,696bn.

Bitcoin’s dominance rose to a Tuesday high 61.71% before falling to a Tuesday low 60.13. At the time of writing, Bitcoin’s dominance stood at 61.06%.