The Crypto Daily – Movers and Shakers – March 12th, 2021
It was a mixed start to the day. Bitcoin slid from an early morning high $56,537.9 to a late morning intraday low $54,401.0.
Steering clear of the first major support level at $53,612, Bitcoin rallied to a late intraday high $58,266.0.
Bitcoin broke through the first major resistance level at $57,901 before falling back to sub-$57,900 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 Thursday.
It was a bullish day for the rest of the majors, however.
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 Thursday high 62.57%. At the time of writing, Bitcoin’s dominance stood at 62.35%.