The Crypto Daily – Movers and Shakers – October 29th, 2021

After mixed morning, Bitcoin slid to a late afternoon intraday low $57,606.0 before making a move.

Steering clear of the first major support level at $57,116, Bitcoin rallied to a late intraday high $62,444.0.

Bitcoin broke through the first major resistance level at $60,616.

Falling short of the second major resistance level at $62,783, however, Bitcoin fell back to sub-$60,600 levels before steadying.

Late in the day, the first major resistance level pegged Bitcoin back from larger gains.

The near-term bullish trend remained intact, supported the latest return to $66,000 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 mixed day on Thursday.

Polkadot (-0.30%) bucked the trend on the day.

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

Binance Coin  (+9.65%), Coin (+10.54%), and Ethereum (+9.25%) led the way.

Chainlink (+4.67%), Cardano’s ADA (+3.89%), Litecoin (+5.92), and Ripple’s XRP (+6.19%) also found strong support.

Bitcoin Cash SV (+2.95%) trailed the front runners, however.

In the current week, the crypto total market rose to a Tuesday high $2,702bn before falling to a Thursday low $2,385bn. At the time of writing, the total market cap stood at $2,565bn.

Bitcoin’s dominance fell to a Wednesday low 43.62% before rising to a Wednesday high 45.81%. At the time of writing, Bitcoin’s dominance stood at 44.43%.


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