The Crypto Daily – Movers and Shakers – July 5th, 2021

A mixed start to the day saw Bitcoin fall to an early morning intraday low $34,376.0 before making a move.

Steering clear of the first major support level at $33,705, Bitcoin rallied to a late intraday high $35,950.0.

Bitcoin broke through the first major resistance level at $35,303 and the second major resistance level at $35,925.

A bearish end to the day, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$35,300 levels.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish end to the week.

Crypto.com Coin and Ethereum rose by 4.49% and by 4.30% to lead the way.

Binance Coin (+3.15%), Cardano’s ADA (+3.99%), Chainlink (+3.92%), Litecoin (+3.37%), and Ripple’s XRP (+3.58%) also found strong support.

Bitcoin Cash SV (+2.06%) and Polkadot (+1.18%) trailed the front runners, however.

It was a bullish week for the majors in the week ending 4th July.

Bitcoin Cash SV (+15.66%), Crypto.com Coin (+20.53%) and Ethereum (+17.05%) led the way.

Binance Coin (+5.78%), Cardano’s ADA (+9.26%), Chainlink (+4.71%), Litecoin (+9.25%), Polkadot (+4.69%), and Ripple’s XRP (+7.40%) trailed the front runners, however.

In the week, the crypto total market rose to a Tuesday high $1,485bn before falling to a Friday low $1,319bn. At the time of writing, the total market cap stood at $1,441bn.

Bitcoin’s dominance rose to a Monday high 47.67% before falling to a Sunday low 45.42%. At the time of writing, Bitcoin’s dominance stood at 45.53%.

This news is republished from another source. You can check the original article here.

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