The Crypto Daily – Movers and Shakers – September 18th, 2020

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,069.2 before hitting reverse.

Falling short of the first major resistance level at $11,157, Bitcoin slid to an early afternoon intraday low $10,765.9.

Steering clear of the first major support level at $10,734, Bitcoin recovered to a high $10,985.3 before falling back into the red.

The near-term bullish trend remained intact, supported by the latest visit to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Thursday.

Binance Coin and Bitcoin Cash ABC bucked the trend, falling by 2.69% and by 0.77% respectively.

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

Ethereum (+6.63%), Monero’s XMR (+4.98%), and Tron’s TRX (+6.96%) led the way.

Cardano’s ADA (+2.78%), Litecoin (+2.41%), and Ripple’s XRP (+2.07%) also found strong support.

Bitcoin Cash SV (+1.19%), EOS (+0.96%), Stellar’s Lumen (+0.49%), and Tezos (+0.13%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Thursday high $339.95bn. At the time of writing, the total market cap stood at $332.77bn.

Bitcoin’s dominance rose from a Monday low 59.64% to a Wednesday high 61.56%. At the time of writing, Bitcoin’s dominance stood at 60.54%.