The Crypto Daily – Movers and Shakers – April 18th, 2021


A bullish start to the day saw Bitcoin rise to an early morning intraday high $62,450.0 before hitting reverse.

Falling short of the first major resistance level at $63,226, Bitcoin slid to a late afternoon intraday low $59,662.0.

Bitcoin fell through the first major support level at $59,711 before briefly revisiting $60,900 levels.

A bearish end to the day, however, saw Bitcoin fall back to end the day at sub-$60,000 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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 Saturday.

Polkadot rallied by 3.87% to lead the way, with Binance Coin rising by 1.08%.

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

Bitcoin Cash SV slid by 10.95% to lead the way down.

Cardano’s ADA (-3.18%), Chainlink (-4.89%), Ethereum (-4.45%), and Litecoin (-2.51%) also struggled. Coin (-0.08%) and Ripple’s XRP (-0.62%) saw modest losses on the day, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,305bn. At the time of writing, the total market cap stood at $2,136bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.38%. At the time of writing, Bitcoin’s dominance stood at 52.85%.

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