The Crypto Daily – Movers and Shakers – January 8th, 2021 – FX Empire

It was a mixed start to the day. Bitcoin fell to a late morning intraday low $36,123.6 before making a move.

Steering clear of the first major support level at $34,419, Bitcoin rallied to a late afternoon intraday high and a new swing hi $40,383.4.

Bitcoin broke through the first major resistance level at $38,016 and the second major resistance level at $39,273.

A late pullback, however, saw Bitcoin slide back to sub-$37,000 levels before finding support.

Bitcoin broke back through the first and second major resistance levels to wrap up the day at $39,400 levels.

The near-term bullish trend remained intact, supported by the latest breakthrough to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $17,899 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Cardano’s ADA and Polkadot slid by 10.30% and by 10.80% respectively to lead the way down.

Chainlink (-7.53%) and Bitcoin Cash SV (-2.86%) also saw red on the day.

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

Ripple’s XRP surged by 29.93% to lead the pack.

Binance Coin (+3.14%), Coin (+5.31%), Ethereum (+1.21%), and Litecoin (+0.18%) also avoided the red on the day.

In the current week, the crypto total market cap slid to a Monday