The Crypto Daily – Movers and Shakers – November 4th, 2021

Falling short of the first major resistance level at $64,806, Bitcoin slid to a late afternoon intraday low $60,175.0.

Bitcoin fell through the first mayor support level at $61,176 before briefly revisiting $63,300 levels.

A late pullback, however, saw Bitcoin fall back to sub-$63,200 levels and into the red.

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 Wednesday.

Chainlink fell by 0.90% to join Bitcoin in the red.

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

Ripple’s XRP rallied by 6.61% to lead the way, with Cardano’s ADA (+4.65%) and Polkadot (+3.77%) also finding strong support.

Binance Coin  (+2.52%), Bitcoin Cash SV (+1.43%), Crypto.com Coin (+2.47%), Ethereum (+0.26%), and Litecoin (+3.10%) railed the front runners, however.

In the current week, the crypto total market fell to a Monday low $2,527bn before rising to a Wednesday high $2,801bn. At the time of writing, the total market cap stood at $2,744bn.

Bitcoin’s dominance rose to a Monday high 44.39% before falling to a Wednesday low 42.77%. At the time of writing, Bitcoin’s dominance stood at 43.35%.


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