The Crypto Daily – Movers and Shakers – November 1st, 2021
Falling short of the first major resistance level at $62,570, Bitcoin slid to an early afternoon intraday low $60,005.0.
Bitcoin fell through the first major support level at $60,972 and the second major support level at $60,065.
Steering clear of sub-$60,000, however, Bitcoin broke back through the major support levels to end the day at $61,000 levels.
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 Sunday.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP rose by 2.75% to lead the way.
In the week, the crypto total market fell to a Thursday low $2,385bn before rising to a Sunday high $2,708bn. At the time of writing, the total market cap stood at $2,635bn.
Bitcoin’s dominance rose to a Wednesday high 45.81% before falling to a Sunday low 43.50%. At the time of writing, Bitcoin’s dominance stood at 44.10%.