Movers and Shakers -14/03/20  

It’s a bearish start to the day for the crypto majors. A Bitcoin move through to $5,600 levels would signal support.

Bitcoin rallied by 15.14% on Friday. Partially reversing a 38.89% tumble from Thursday, Bitcoin ended the day at $5,625.7.

A bearish start to the day saw Bitcoin tumble to an early morning intraday low and new swing lo $4,000.

Steering clear of the first major support level at $3,653.3, Bitcoin rallied to an early afternoon intraday high $5,973.3.

Falling well short of the first major resistance level at $7,047.30, Bitcoin fell back to sub-$5,000 levels.

Finding support late in the day, Bitcoin bounced back to $5,600 levels to deliver the upside on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed by Friday’s swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-14-03-20-638611