【factory husqvarna wheel issue with anodized wheel color issue】The Crypto Daily – Movers and Shakers – 01/01/20
Bitcoin fell by 0.72% on Tuesday. Following on from a 2.09% slide on Monday,–MoversandShakers–factory husqvarna wheel issue with anodized wheel color issue Bitcoin ended the day at $7,208.3.
While ending the month of December down by 5.2% and the 4
th
quarter down by 13.5%, Bitcoin ended the year with an 88% gain.
On the day, a mixed start to the day saw Bitcoin strike an early afternoon intraday high $7,333.0 before hitting reverse.
Falling short of the first major resistance level at $7,387.97, Bitcoin slid to a late afternoon intraday low $7,161.3.
The reversal saw Bitcoin fall through the first major support level at $7,167.57 before recovering to $7,200 levels.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of Bitcoin continuing to hold onto $7,000 levels.
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 mixed day for the majors.
Tezos (+1.96%), Bitcoin Cash SV (+1.55%), and Tron’s TRX (+0.46%) closed out the day in the green.
It was a bearish day for the rest, however, with Litecoin sliding by 2.56% to lead the way down.
Binance Coin (-1.01%), Bitcoin Cash ABC (-1.63%), EOS (-1.54%), Ethereum (-1.94%), Ripple’s XRP (-0.09%), Stellar’s Lumen (-0.94%), and also saw red.
For the month of December, Tezos bucked the trend with a 1% gain, with the rest of the majors in the red.
Stellar’s Lumen slid by 21.5% to lead the way down. Ethereum (-15.2%), Ripple’s XRP (-14.7%), Binance Coin (-13.2%), Litecoin (-13.0%), and Tron’s TRX (-13.0%) also saw heavy losses.
It was a mixed bag for the year, however.
Binance Coin (+116%) and Stellar’s Lumen (+109%) led the way.
Litecoin (+38%) and Bitcoin Cash ABC (+38%) also saw solid gains.
Ripple’s XRP and Tron’s TRX struggled, however, with the pair sliding by 47% and by 31% respectively.
Through the current week, the crypto total market cap hit a Monday high $198.27bn before sliding to a Tuesday low $190.14bn. At the time of writing, the total market cap stood at $192.06bn.
Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses on Tuesday. Trading volumes had hit $80bn levels on Monday before easing back to sub-$70bn levels. At the time of writing, volumes were at $69bn levels.
This Morning
At the time of writing, Bitcoin was up by 0.66% to $7,255.7. Early on, Bitcoin slid to an early morning intraday low $7,185.4 before striking a high $7,256.7.
Bitcoin left the major support and resistance levels untested early on.
Story continues
Elsewhere, Bitcoin Cash SV (+1.89%), Litecoin (+1.53%), Ethereum (+1.45%), Bitcoin Cash ABC (+1.44%), and EOS (+1.42%) led the way early on.
Binance Coin (+0.96%), Ripple’s XRP (+0.64%), Stellar’s Lumen (+0.62%), Tezos (+0.19%), and Tron’s TRX (+0.43%) trailed.
For the Bitcoin Day Ahead
Bitcoin would need to steer clear of $7,235 levels to support a run at the first major resistance level at $7,307.10.
Support from the broader market would be needed, however, for Bitcoin to break back through to $7,300 levels.
Barring a broad-based crypto rally on the day, the first major resistance level and Tuesday’s high $7,333 would likely limit any upside.
Failure to steer clear of $7,235 levels could see Bitcoin fall back into the red.
A fall through to morning low $7,185.4 would bring the first major support level at $7,135.4 into play.
Barring an extended sell-off, however, Bitcoin should continue to steer clear of sub-$7,100 levels.
In the event of a sell-off, the second major support level at $7,062.5 should limit any downside.
This
article
was originally posted on FX Empire
More From FXEMPIRE:
EUR/USD Price Forecast – Euro Breaking Out
US Stock Market Overview – Stocks Rally and Finish the Year on a High Note
Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 01/01/20
Cryptocurrencies Annual Market Recap – 2019
Gold Price Futures (GC) Technical Analysis – Closed Inside Key Retracement Zone at $1512.40 to $1526.40
GBP/USD Price Forecast – British Pound Continues To Power Higher
View comments
-
Did Apogee Enterprises, Inc.'s (NASDAQ:APOG) Recent Earnings Growth Beat The Trend?Indonesia's GDP growth seen slowing slightly in fourth-quarterHacking Attorney-Client Documents Gets TransPerfect Co-founder's Assault Case Tossed6 Things Employees Should Know About the Family and Medical Leave ActGeneral Electric Stock Falls 3%This Oil Stock Continued Its Aristocratic Ways by Giving Investors Another Dividend IncreaseAustralian Share Market Ends Year With Investors Wiping Out $40 Billion in ValueHorizon Pharma (HZNP) Up 28% on Business Expansion StrategyWhat Is Berry's (NASDAQ:BRY) P/E Ratio After Its Share Price Tanked?Is Verizon Communications Inc. (VZ) A Good Stock To Buy ?
下一篇:Rackspace Technology Among the First to Support the Launch of Professional Services in AWS Marketplace, Announces New Professional Services & Solutions at AWS re:Invent 2020
- ·CMA CGM Donates 200,000 Face Masks
- ·What You Need To Know Before Investing In Arena REIT (ASX:ARF)
- ·Thomas Reid Leaving Davis Polk to Join Comcast as Senior EVP
- ·Wall Street falls at open on global slowdown fears
- ·Equitrans Midstream Corporation (ETRN) Stock Moves -1.99%: What You Should Know
- ·Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?
- ·Campbell Soup (NYSE:CPB) Has Announced A Dividend Of US$0.37
- ·Why the Earnings Surprise Streak Could Continue for Logitech (LOGI)
- ·Medical Gloves Market Research Report: By Raw Material, Application, Sterility, Type, Distribution Channel, End User - Global Industry Analysis and Growth Forecast to 2030
- ·Fidelity: Ignore stock market turbulence and stick to long-term goals
- ·ECB has not sought access to Panama Papers
- ·Billy Bragg Congratulates Australia’s New Leader Anthony Albanese: ‘He Has a Socialism of the Heart’
- ·Oil Price Fundamental Daily Forecast – OPEC+ to Discuss Production Cut Extension to September 1
- ·Top GE analyst Stephen Tusa not impressed by earnings: 'Scratching our heads at the stock reaction'
- ·Should You Be Worried About NCC Group plc’s (LON:NCC) 6.0% Return On Equity?
- ·A robust US job market likely defied shutdown during January
- ·SHAREHOLDER ALERT: PTLA GERN AAN: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
- ·BRIEF-Tianjin Teda Biomedical Engineering Co Says Sun Li Resigned As CEO
- ·Pfizer commits to UK research hub in Astra battle
- ·Tesla debuts $35,000 Model 3, sees loss in first quarter
- ·Here's How Long It Took Amazon To Reach A $100B Market Cap
- ·Skilled in the Art: Judge Busts Novel FRAND Theory | Unified Weighs In on Video Codec Royalties | Still No Gusher From Oil States
- ·Romney floats sweeping vaccine plan as U.S. nears 20 mln COVID-19 cases
- ·Here's What TBK & Sons Holdings Limited's (HKG:1960) P/E Ratio Is Telling Us
- ·Have Insiders Been Buying IKONICS Corporation (NASDAQ:IKNX) Shares?
- ·With A Return On Equity Of 7.0%, Has MailUp S.p.A.'s (BIT:MAIL) Management Done Well?
- ·Monterey Minerals Provides Update on Drill Program
- ·Why Just Eat plc (LON:JE.) Is A Financially Healthy Company
- ·BRIEF-Baic Bluepark New Energy Technology Appoints Ma Fanglie As New General Manager
- ·Commerce Acquisition Corp. Announces Signing of Acquisition Agreement for Qualifying Transaction with Mimi's Rock Inc.
- ·Akoustis Reports Third Quarter FY20 Results
- ·Financial Metrics For Triumph Bancorp, Inc. (NASDAQ:TBK)
- ·Why We Like Herbalife Nutrition Ltd.’s (NYSE:HLF) 37% Return On Capital Employed
- ·Airdrop Mania Sees Latest Airdrop Rug Pull on Buyers Through Smart Contract Exploit
- ·Do You Like HORNBACH Baumarkt AG (ETR:HBM) At This P/E Ratio?
- ·China's central bank says economic growth resilient despite large pressure