The Crypto Daily – Movers and Shakers – February 14th, 2021
A bullish start to the day saw Bitcoin rise to an early morning intraday high $48,209.0 before hitting reverse.
Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0.
Steering clear of the first major support level at $45,851, Bitcoin revisited $47,300 levels before falling back into the red.
The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.
It was a bearish day for the rest, however.
In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,453.99bn.
Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoin’s dominance stood at 60.42%.