The Crypto Daily – Movers and Shakers – June 20th, 2020

Bitcoin rose by 0.63% on Saturday. Partially reversing a 0.90% fall from Friday, Bitcoin ended the day at $9,371.3.

It was a mixed start to the day. Bitcoin rose to an early morning high $9,357.0 before hitting reverse.

Falling short of the major resistance levels, Bitcoin slid to a late morning intraday low $9,178.0.

Bitcoin fell through the first major support level at $9,220.30 before striking a late morning intraday high $9,406.6.

Falling short of the first major resistance level at $9,427.40, Bitcoin fell back to sub-$9,300 levels before finding late support.

Steering clear of the major support levels, Bitcoin bounced back to $9,400 levels before easing back.

The near-term bullish trend remained intact in spite of 3 consecutive days in the red mid-week. Bitcoin continued to hold above the 23.6% FIB of $8,900.

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 mixed day on Saturday.

Bitcoin Cash ABC (-0.67%), Cardano’s ADA (-0.20%), Monero’s XMR (-0.11%), Stellar’s Lumen (-0.17%), and Tezos (-0.13%) saw red on the day.

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

Bitcoin Cash SV (+1.19%), Litecoin (+1.80%), and Tron’s TRX (+1.19%) led the way.

Binance Coin (+0.88%), EOS (+0.46%), Ethereum (+0.06%), and Ripple’s XRP (+0.48%), saw modest gains on the day.

Through the current week, the crypto total market cap fell to a Monday low $245.97bn before rising to a Wednesday high $267.65bn. At the time of writing, the total market cap stood at $260.69bn.

Bitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.16%.