Movers and Shakers – February 20th, 2021
David Airben
Market
3 years ago
Bitcoin, BTC to USD, rallied by 8.34% on Friday. Reversing a 1.04% fall from Thursday, Bitcoin ended the day at $55,866.0.
A mixed start to the day saw Bitcoin fall to an early morning intraday low $50,755.0 before making a move.
Finding support at the first major support level at $50,773, Bitcoin rallied to a late intraday high and a new swing hi $56,342.0.
Bitcoin broke through the first major resistance level at $52,449 and the second major resistance level at $53,332.
In spite of a late pullback, Bitcoin steered clear of the resistance levels to wrap up the day at $55,000 levels.
The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $23,995 to form a near-term bearish trend.
https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-february-20th-2021-701732
A mixed start to the day saw Bitcoin fall to an early morning intraday low $50,755.0 before making a move.
Finding support at the first major support level at $50,773, Bitcoin rallied to a late intraday high and a new swing hi $56,342.0.
Bitcoin broke through the first major resistance level at $52,449 and the second major resistance level at $53,332.
In spite of a late pullback, Bitcoin steered clear of the resistance levels to wrap up the day at $55,000 levels.
The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $23,995 to form a near-term bearish trend.
https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-february-20th-2021-701732
- Altcoin
- Crypto market
- Crypto daily
- Bullish
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