The Crypto Daily – Movers and Shakers – March 13th, 2021

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $58,159.0 before hitting reverse.

Falling short of the first major resistance level at $59,295, Bitcoin slid to an early afternoon intraday low $55,183.0.

Bitcoin fell through the first major support level at $55,430 before briefly revisiting $57,800 levels.

Falling short of $58,000 levels, Bitcoin fell back to end the day at sub-$57,300 levels.

The near-term bullish trend remained intact supported by the latest visit to $58,000 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 Friday.

Litecoin rallied by 9.61%, with Crypto.com Coin rising by 3.56% to buck the trend on the day.

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

Binance Coin slid by 9.21% to lead the way down, with Cardano’s ADA (-8.10%) and Chainlink (-5.75%) weren’t far behind.

Bitcoin Cash SV (-1.30%), Ethereum (-3.22%), Polkadot (-1.54%), and Ripple’s XRP (-2.80%) also saw red.

In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Thursday high $1,769bn. At the time of writing, the total market cap stood at $1,727bn.

Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Friday high 63.23%. At the time of writing, Bitcoin’s dominance stood at 62.35%.