The Crypto Daily – Movers and Shakers – March 15th, 2021
A mixed start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $61,699.0 before hitting reverse.
Falling short of the first major resistance level at $63,221, Bitcoin slid to an end of day intraday low $59,000.
In spite of the reversal, Bitcoin avoided the first major support level at $57,658 on the day.
The near-term bullish trend remained intact supported by Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.
Polkadot rose by 1.75% to buck the trend early on.
It was a bearish day for the rest of the majors, however.
For the week, it was also a mixed week for the majors.
Polkadot slid by 10.34% to lead the way down.
Cardano’s ADA (-6.72%), Chainlink (-0.24%), and Ripple’s XRP (-5.63%) also saw red.
It was a bullish week for the rest of the majors, however.
Crypto.com Coin jumped by 18.13% to lead the way, with Litecoin rallying by 12.20%.
Binance Coin (+9.81%), Bitcoin Cash SV (+5.60%), and Ethereum (+7.00%) also made relatively solid gains.
In the week, the crypto total market fell to a Monday low $1,508bn before rising to a Saturday high $1,860bn. At the time of writing, the total market cap stood at $1,774bn.
Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Sunday high 63.36%. At the time of writing, Bitcoin’s dominance stood at 62.77%.