The Crypto Daily – Movers and Shakers – September 27th, 2020

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,675.0 before making a move.

Steering clear of the first major support level at $10,601, Bitcoin rallied to a mid-morning intraday high $10,841.0.

Bitcoin broke through the first major resistance level at $10,795 before falling back to sub-$10,700 levels and into the red.

Finding late support, Bitcoin struck a late afternoon high $10,795.0 before easing back. The first major resistance level at $10,795 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin and Bitcoin Cash SV rallied by 6.07% and by 5.32% respectively to lead the way.

Bitcoin Cash ABC (+2.55%), Ethereum (+0.57%), and Litecoin (+0.07%) also found support.

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

Cardano’s ADA (-1.67%), Chainlink (-3.83%), Coin (-0.06%), Polkadot (-2.35%), and Ripple’s XRP (-0.06%) struggled.

In the current week, the crypto total market rose to a Monday high $334.04bn before sliding to a Wednesday low $300.97bn. At the time of writing, the total market cap stood at $324.93bn.

Bitcoin’s dominance rose to a Wednesday high 62.31% before falling to a Saturday low 60.81%. At the time of writing, Bitcoin’s dominance stood at 61.09%.