The Crypto Daily – Movers and Shakers – November 14th, 2021

Bitcoin, BTC to USD, rose by 0.41% on Saturday. Partially reversing a 1.00% loss from Friday, Bitcoin ended the day at $64,398.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $63,405.0 before making a move.

Steering clear of the first major support level at $62,452, Bitcoin rose to a late afternoon intraday high $64,989.0.

Falling short of the first major resistance level at $65,618, Bitcoin fell back to sub-$64,000 levels before finding late support.

A late move back through to $64,300 levels delivered the upside on the day.

The near-term bullish trend remained intact, supported by Wednesday’s ATH $68,958.

The Rest of the Pack

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

Chainlink and Ethereum bucked the trend, falling by 0.46% and by 0.50% respectively.

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

Crypto.com Coin surged by 19.89% to lead the way.

Binance Coin (+3.60%), Litecoin (+2.59%), and Polkadot (+2.15%) found relatively strong support.

Bitcoin Cash SV (+0.94%), Cardano’s ADA (+0.24%), and Ripple’s XRP (+0.19%) trailed the front runners, however.

In the current week, the crypto total market rose to a Wednesday high $3,007bn before falling to a Wednesday low $2,657bn. At the time of writing, the total market cap stood at $2,834bn.

Bitcoin’s dominance rose to a Wednesday high 44.62% before falling to a Friday low 42.78%. At the time of writing, Bitcoin’s dominance stood at 43.32%.

This Morning

At the time of writing, Bitcoin was up by 1.07% to $65,084.9. A bullish start to the day saw Bitcoin rise from an early morning low $64,395.0 to a high $65,311.0.

Bitcoin broke through the first major resistance level at $65,123 before easing back.

Elsewhere, it was a mixed start to the day.

Crypto.com Coin and Polkadot bucked the early trend, falling by 5.09% and by 0.66% respectively.

It’s been a bullish morning for the rest of the majors, however.

At the time of writing, Ethereum was up by 0.81% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $64,264 pivot to bring the first major resistance level at $65,123 back into play.

Support from the broader market would be needed for Bitcoin to hold onto $65,000 levels.

Barring a broad-based crypto rally, the first major resistance level and morning high $65,311.0 would likely cap the upside.

In the event of an extended rally, Bitcoin could test resistance at $67,000 levels before easing back. The second major resistance level sits at $65,848.

A fall through the $64,264 pivot would bring the first major support level at $63,539 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $62,680.