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The Crypto Daily – Movers and Shakers – December 7th, 2020 – FX Empire

It was a mixed start to the day. Bitcoin rose to an early morning high $19,344.0 before hitting reverse.

Falling short of the first major resistance level at $13,395, Bitcoin slid to an early afternoon intraday low $18,905.0.

Steering clear of the first major support level at $18,711, however, Bitcoin rallied to a final hour intraday high $19,463.0.

Bitcoin broke through the first major resistance level at $19,395 to wrap up the day at $19,400 levels.

The near-term bullish trend remained intact, supported by the latest recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 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.

Binance Coin (-0.73%), Cardano’s ADA  (-0.68%), Crypto.com Coin (-0.31%), and Polkadot (-2.20%) saw red to buck the trend on the day.

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

Ripple’s XRP rallied by 6.24% to lead the way, with Chainlink (+2.67%) and Bitcoin Cash SV (+1.51%) finding strong support.

Ethereum (+0.78%) and Litecoin (+0.52%) trailed the front runners, however.

It was also a mixed week for the majors.

Binance Coin (-1.94%), Cardano’s ADA (-4.75%), Crypto.com Coin (-4.08%), and Polkadot (-7.31%) saw red for the week.

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

Bitcoin
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