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

Bitcoin, BTC to USD, rose by 0.46% on Sunday. Following on from a 0.24% gain on Saturday, Bitcoin ended the week down by 0.95% to $9,231.2.

It was a mixed start to the day. Bitcoin rose to an early morning high $9,194.4 before hitting reverse.

Falling short of the major resistance levels, Bitcoin fell to a late morning intraday low $9,111.8 before finding support.

Bitcoin fell through the first major support level at $9,133.77 before rallying to a final hour intraday high $9,299.0.

Bitcoin broke through the first major resistance level at $9,230.77 and second major resistance level at $9,272.43 before pulling back.

The late pullback saw Bitcoin fall back through the second major resistance level to sub-$9,240 levels.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. 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 yet another mixed day on Sunday.

Bitcoin Cash SV (-0.52%), Ripple’s XRP (-0.20%), Stellar’s Lumen (-0.48%), and Tezos (-0.95%) bucked the trend with modest losses.

It was bullish for the rest of the majors.

Binance Coin and EOS rallied by 5.01% and by 3.17% respectively to lead the way.

Bitcoin Cash ABC (+2.11%), Cardano’s ADA (+1.15%), and Ethereum (+1.44%) also found strong support.

Litecoin (+0.42%), Monero’s XMR (+0.89%), and Tron’s TRX (+0.68%) trailed the front runners.

For the week, it was also a mixed bag for the majors.

Stellar’s Lumen and Tezos bucked the trend, with gains of 5.23% and 5.55% respectively.

It was bearish for the rest of the majors.

Bitcoin Cash ABC (-3.58%), Bitcoin Cash SV (-6.20%), Litecoin (-4.71%), and Tron’s TRX (-3.56%) led the way down.

Binance Coin (-1.64%), Cardano’s ADA (-2.23%), EOS (-1.38%), and Ethereum (-1.50%) also struggled.

Monero’s XMR (-0.52%) and Ripple’s XRP (-0.86%) saw relatively modest losses in the week.

In the week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $266.81bn.

Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.46%.