The Crypto Daily – Movers and Shakers – July 4, 2021

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A mixed start to the day saw Bitcoin fall to an early morning intraday low of $ 33,350.0 before taking a step.

Away from the first major support level at $ 33,016, Bitcoin hit an intraday high of $ 34,948.0 late in the afternoon.

Bitcoin broke through the first major resistance level at $ 34,299 and the second major resistance level at $ 34,783.

Meeting resistance at $ 35,000, however, Bitcoin fell back into the second major resistance level to levels below $ 34,500 before leveling off.

The short-term uptrend has remained intact despite the latest pullback to levels below $ 30,000. For bears, Bitcoin would need a sustained decline through the 62% FIB of $ 27,237 to form a short-term downtrend.

The rest of the pack

In the rest of the majors, Saturday was a mixed day.

Polkadot fell 1.02% to reverse the trend for the day.

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

Crypto.com Coin rose 6.21% to lead the way, with Binance Coin (+ 3.82%) and Ethereum (+ 3.29%) finding strong support.

Bitcoin Cash SV (+ 2.00%), Litecoin (+ 2.40%) and Ripple’s XRP (+ 2.53%) also made solid gains.

The ADA of Cardano (+ 0.70%) and Chainlink (+ 1.42%) were however in the lead.

During the current week, the total crypto market peaked at $ 1,485 billion on Tuesday before falling to a low of $ 1,319 billion on Friday. At the time of writing, the total market capitalization was $ 1.412 billion.

Bitcoin’s dominance peaked at 47.67% on Monday before falling to a low of 45.54% on Thursday. At the time of writing this article, Bitcoin’s dominance stands at 45.90%.



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