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The Crypto Daily – Movers and Shakers – November 15th, 2021
By:
After a mixed day for the majors on Sunday, a Bitcoin move back through to $66,000 levels would be needed to support the broader market.
Bitcoin, BTC to USD, rose by 1.68% on Sunday. Following a 0.41% gain on Saturday, Bitcoin ended the week up by 3.49% to $65,474.
A bullish start to the day saw Bitcoin rise to an early morning high $65,311.0 before hitting reverse.
Bitcoin broke through the first major resistance level at $65,123 before falling to a late afternoon intraday low $63,564.0
Steering clear of the first major support level at $63,539, Bitcoin rallied to a late intraday high $65,474.0.
Bitcoin broke back through the first major resistance level to wrap up the day at $65,400 levels.
The near-term bullish trend remained intact, supported by last Wednesday’s ATH $68,958.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.
Polkadot slid by 3.12% to lead the way down.
Cardano’s ADA (-0.57%), Chainlink (-0.93%), Ethereum (-0.37%), and Ripple’s XRP (-0.30%) also saw red.
It was a bullish day for the rest of the majors, however.
Litecoin rallied by 8.38% to lead the way, with Bitcoin Cash SV (+1.89%) also finding strong support.
Binance Coin (+0.13%) and Crypto.com Coin (+0.35%) trailed the front runners, however.
It was also a mixed week ending 14th November for the majors.
Polkadot slid by 14.15% to lead the way down, with Ripple’s XRP (-2.60%) also seeing red.
It was a bullish week for the rest of the majors, however.
Litecoin surged by 38.14% to lead the way, with Crypto.com Coin rallying by 20.11%.
Bitcoin Cash SV (+5.15%) and Chainlink (+4.43%) also finding relatively strong support.
Binance Coin (+0.11%), Cardano’s ADA (+0.87%), and Ethereum (+0.22%) trailed the front runners, however.
In the 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 $2,845bn.
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 43.72%.
This Morning
At the time of writing, Bitcoin was up by 0.54% to $65,827.0. A bullish start to the day saw Bitcoin rise from an early morning high $65,474.0 to a high $65,883.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Litecoin (-0.70%) and Polkadot (-0.47%) saw red early on.
It’s been a bullish morning for the rest of the majors, however.
At the time of writing, Crypto.com Coin was up by 5.64% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $64,837 pivot to bring the first major resistance level at $66,111 into play.
Support from the broader market would be needed for Bitcoin to move back through to $66,000 levels.
Barring a broad-based crypto rally, the first major resistance level would likely cap the upside.
In the event of an extended rally, Bitcoin could test resistance at $68,000 levels before easing back. The second major resistance level sits at $66,747.
A fall through the $64,837 pivot would bring the first major support level at $64,201 into play.
Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $62,927.
About the Author
Bob Masonauthor
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.
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