The Crypto Daily – Movers and Shakers – October 3rd, 2020

A mixed start to the day saw Bitcoin rise to an early morning intraday high $10,686.0 before hitting reverse.

Falling well short of the first major resistance level at $10,919, Bitcoin slid to a late morning intraday low $10,391.0.

Bitcoin fell through the first major support level at $10,404 before finding support.

A partial recovery saw Bitcoin strike an afternoon high $10,607 before easing back into the red.

The near-term bullish trend remained intact, in spite of the latest pullback. 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 a bearish day on Friday.

Bitcoin Cash SV (-6.04%), Cardano’s ADA (-5.05%), Chainlink (-3.93%), and Polkadot (-4.59%) led the way down.

Bitcoin Cash ABC (-3.09%), Coin (-2.26%), Ethereum (-2.02%), Litecoin (-2.79%), and Ripple’s XRP (-1.54%) also struggled.

Binance Coin saw a modest 0.26% loss on the day, however.

In the current week, the crypto total market rose to a Thursday high $344.75bn before falling to a Friday low $320.05bn. At the time of writing, the total market cap stood at $327.54bn.

Bitcoin’s dominance fell to a Thursday low 58.78% before rising to a Friday high 60.02%. At the time of writing, Bitcoin’s dominance stood at 59.60%.

Read More: The Crypto Daily – Movers and Shakers – October 3rd, 2020

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