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The Crypto Daily – Movers and Shakers – January 11th, 2021 – FX Empire

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $41,399 before hitting reverse.

Falling short of the first major resistance level at $41,478, Bitcoin slid to a late intraday low $35,260.0.

The sell-off saw Bitcoin fall through the first major support level at $38,779 and the second major support level at $37,390.

Steering clear of sub-$35,000 support levels, however, Bitcoin revisited $38,900 levels before easing back.

The first major support level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.

Polkadot bucked the trend on the day, rising by a modest 0.23%.

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

Bitcoin Cash SV  slid by 11.27% to lead the way down, with Cardano’s ADA (-9.16%) and Chainlink (-7.90%) also seeing heavy losses.

Binance Coin (-3.54%), Crypto.com Coin (-1.34%), Ethereum (-2.04%), Litecoin (-4.32%), and Ripple’s XRP (-3.16%) also struggled, however.

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

Polkadot bucked the trend for the week, falling by 20.7%.

It was a bullish week for the rest of the
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