The Crypto Daily – Movers and Shakers – 15/01/20

Bob Mason

14 January 2020 at 10:34 pm

Bitcoin rallied by 8.36% on Tuesday. Reversing a 0.97% fall from Monday, Bitcoin ended the day at $8,772.6.

Bullish throughout the day, Bitcoin rallied from an early morning intraday low $8,095.8 to a late intraday high $8,829.0.

Steering clear of the major support levels, Bitcoin broke through the major resistance levels and 23.6% FIB of $8,200.

While pulling back from $8,800 levels, Bitcoin held above the third major resistance level at $8,408.57 at the day end.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the upward momentum.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a particularly bullish day for the majors.

Bitcoin Cash SV led the way, surging by a whopping 145%.

Bitcoin Cash ABC (+30.69%), EOS (+22.09%), Ethereum (+15.51%), Litecoin (+17.81%), Ripple’s XRP (+10.68%), and Tron’s TRX (+13.38%) also bounced.

Binance Coin (+9.63%), Monero’s XMR (+8.54%), and Stellar’s Lumen (+9.03%) trailed the pack on the day.

Through the start of the week, the crypto total market cap rallied from a Monday low $215.38 to a Tuesday current week high $244.24bn. At the time of writing, the total market cap stood at $243bn.

Bitcoin’s dominance tumbled to 65% levels as the broader market surged on Tuesday. Trading volumes also jumped, hitting $168bn levels before easing back. At the time of writing, 24-hr volumes stood at $167.5bn.

This Morning

At the time of writing, Bitcoin was down by 0.38% to $8,739.7. A mixed start to the day saw Bitcoin fall to an early morning low $8,661.5 before striking a high $8,859.7.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down by 7.28% to lead the way down. Ethereum and Bitcoin Cash ABC also joined Bitcoin in the red, with early losses of 0.62% and 0.26% respectively.

It was bullish for the rest of the pack, however.

Binance Coin (2.68%), Monero’s XMR (+3.81%), and Stellar’s Lumen (+3.65%) led the way early on.

EOS (+0.60%), Litecoin (+1.08%), Ripple’s XRP (+0.88%), and Tron’s TRX (+1.88%) saw modest gains.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $8,859.7 to support a run at the first major resistance level at $9,035.8.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high to $9,000 levels.

Barring a broad-based extended crypto rally on the day, the first major resistance level at $9,035.8 would likely cap any upside.

Failure to break through the morning high could see Bitcoin give up some of Tuesday’s gains.

A fall back through the morning low $8,661.5 to sub-$8,600 levels would bring the first major support level at $8,302.6 into play.

Barring a crypto meltdown, however, Bitcoin should avoid sub-$8,600 levels on the day.

This article was originally posted on FX Empire

More From FXEMPIRE:

The Telegraph
‘Mother found out about son’s affair with teacher after spotting love bite’
A mother found out about son’s affair with his teacher after spotting a love bite on his neck, a court has heard.
SETHLUI.COM
We tried Singapore’s best-rated Wanton Mee
The post We tried Singapore’s best-rated Wanton Mee appeared first on SETHLUI.com.
CNN
Elle Fanning’s naked dress has a long history
To some, arriving at an important event naked is the stuff of nightmares. For others, it’s a meticulously planned reality.
France 24
Zelensky fires bodyguard chief over foiled assassination plot
Ukrainian President Volodymyr Zelensky on Thursday fired the head of the department responsible for his personal protection after two of its officers were detained this week over an alleged assassination plot. Zelensky published a decree to "dismiss Sergiy Leonidovich Rud from the post of head of the State Protection Department of Ukraine".It did not state a reason for Rud's removal or name a replacement to the highly sensitive position.The announcement came after Ukraine's SBU security service
Evening Standard
David Moyes lands first new role following confirmation of West Ham departure
Julen Lopetegui expected to be appointed as successor in east London
Cosmopolitan
A Photo of Pedro Pascal and Dakota Johnson Kissing Passionately on the Street Has Gone Viral
A new photo of Pedro Pascal and Dakota Johnson kissing has gone viral on the internet, but this isn't a sign of new love.
SETHLUI.COM
11 best rice dumplings you must indulge in Singapore this Dragon Boat Festival 2024
The post 11 best rice dumplings you must indulge in Singapore this Dragon Boat Festival 2024 appeared first on SETHLUI.com.
KameraOne
Angry customer throws hot coffee at waitress in New York
A shocking scene unfolded at a Thai restaurant in Brooklyn, New York, on April 29, when an angry customer threw a cup of hot coffee at a waitress. Security footage captured the irate woman yelling at the waitress for allegedly throwing a menu at her, before furiously hurling a cup of scolding hot coffee at her face. Police are investigating the assault.
CBC
Son accused of dismembering mother in Toronto testifies in trial
A man accused of brutally stabbing and dismembering his mother in an east-end condo before leaving her remains in garbage bags on the street told a Toronto jury that while he came from an abusive home, he never intended to kill his mother.
Storyful
Passenger Bus Crashes Into Saint Petersburg River
A bus crashed off a bridge and into the Moyka River in Saint Petersburg, Russia, on Friday, May 10, with local police saying around 20 people were on board.Local media reported that at least five people died, with four “seriously injured”. These figures had not been officially confirmed.The city’s governor, Alexander Beglov, said emergency services from various departments were on the scene.Local police said the circumstances that led to the bus being driven into the river were still being determined.This security footage shows the bus driving along the side of a building, swerving to hit a car, and then crashing into the river. Credit: Russian Ministry of Internal Affairs via Storyful
INSIDER
Russia's jamming of American weapons in Ukraine is showing the US what it needs to be ready for in a future fight
Russia keeps jamming US precision weapons in Ukraine, showing the US a problem it needs to solve before its next big fight.
SETHLUI.COM
S$9 Hotpot with free-flow Lu Rou Fan & DIY Ice Dessert at famous Chinese hotpot chain
The post S$9 Hotpot with free-flow Lu Rou Fan & DIY Ice Dessert at famous Chinese hotpot chain appeared first on SETHLUI.com.
INSIDER
He left his desk job in the US to run a food stall in Hong Kong. He earns more now — but plans to walk away from it soon.
Hong Kong's dai pai dong food stalls are facing extinction. The remaining licenses are only transferrable to family members.
Sky News
Russia Victory Day parade: Only one tank on display as Vladimir Putin says country is going through 'difficult period'
Russia only had one tank on display during its Victory Day parade this year. Every year, Moscow wraps itself in patriotic pageantry for Victory Day, a celebration of its victory over Nazi Germany in the Second World War. Today marks the 79th anniversary and Mr Putin addressed the parade in the Red Square, talking up his country's military capabilities in a speech aimed as much at a foreign audience as a domestic one.
Evening Standard
Arsenal eye trio of goalkeepers as shock Wojciech Szczesny swoop could fulfil key rule requirement
Gunners could lose several homegrown players this summer, affecting their search for new shot-stopper to replace Aaron Ramsdale
Barrons.com
The ‘Fed Put’ Is Back, and That’s Great News for the Stock Market
FEATURE Markets had thought the Fed “put” was dead. But the possibility of its return is growing stronger. What’s the Fed Put? It’s when the Federal Reserve signals that it will reduce rates if the economy or financial markets fall apart.
People
Pregnant Jenna Dewan Poses Nude as She Reveals She Has ‘1 More Month’ Until Welcoming Baby No. 3
Dewan is expecting her third baby and her second with her fiancé Steve Kazee
INSIDER
China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan.
China is trying to make its economy less reliant on the West, but these efforts could also prepare it for an invasion of Taiwan.
Evening Standard
Arsenal: Why Gabriel Jesus will have to settle for bench role as Mikel Arteta emulates Pep Guardiola plan
Brazilian forward was hailed as a game-changer when he signed from Man City, but he now finds himself out of Mikel Arteta’s first-choice XI
BuzzFeed
34 Couples Who Were Together 5 Years Ago That Definitely Aren't Anymore
Let's remember our pre-covid couples.

Straits Times Index

Nikkei

Hang Seng

FTSE 100

Bitcoin USD

CMC Crypto 200

S&P 500

Dow

Nasdaq

Gold

Crude Oil

10-Yr Bond

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

The Rest of the Pack

This Morning

For the Bitcoin Day Ahead

More From FXEMPIRE:

Latest stories