the-crypto-daily-–-movers-and-shakers-–-november-13th,-2021

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

Bitcoin, BTC to USD, fell by 1.00% on Friday. Following a 0.12% decline on Thursday, Bitcoin ended the day at $63,134.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $65,421.0 before hitting reverse.

Falling short of the first major resistance level at $65,528, Bitcoin slid to a late afternoon intraday low $62,255.0.

Bitcoin fell through the first major support level at $64,066 and the second major support level at $63,342.

Finding late support, however, Bitcoin broke back through the major support levels to end the day at $64,100 levels.

The near-term bullish trend remained intact, supported Wednesday’s ATH $68,958.

The Rest of the Pack

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

Crypto.com Coin bucked the trend, rising by 1.97%.

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

Litecoin slid by 4.22% to lead the way down.

Bitcoin Cash SV (-1.88%), Cardano’s ADA (-1.65%), Chainlink (-1.42%), Ethereum (-1.14%), Polkadot (-2.27%), and Ripple’s XRP (-2.01%) also struggled.

Binance Coin fell by a more modest 0.28% on the day.

In the current week, the crypto total market rose to a Wednesday high $3,007bn before falling to a Wednesday low $2,657bn. At the time of writing, the total market cap stood at $2,812bn.

Bitcoin’s dominance rose to a Wednesday high 44.62% before falling to a Friday low 42.78%. At the time of writing, Bitcoin’s dominance stood at 43.20%.

This Morning

At the time of writing, Bitcoin was up by 0.38% to $64,379.0. A bullish start to the day saw Bitcoin rise from an early morning low $64,134.0 to a high $64,397.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Crypto.com Coin was up by 4.52% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $63,937 pivot to bring the first major resistance level at $65,618 into play.

Support from the broader market would be needed for Bitcoin to break out from $65,500 levels.

Barring a broad-based crypto rally, the first major resistance level and resistance at $66,000 would likely cap the upside.

In the event of an extended rally, Bitcoin could test resistance at Wednesday’s ATH $68,958. The second major resistance level sits at $67,103.

A fall through the $63,937 pivot would bring the first major support level at $62,452 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$60,000 levels, however. The second major support level at $60,771 should limit the downside.

This article was originally posted on FX Empire

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