Movers and Shakers -08/03/20  

It’s another bearish start to the day, with support levels in play. Failure to find support by late morning could bring heavier losses later in the day.

Bitcoin fell by 2.85% on Saturday. Reversing a 1.00% gain from Friday, Bitcoin ended the day at $8,919.0.

Range-bound through the morning, Bitcoin rose to an afternoon intraday high $9,241.5 before hitting reverse.

Coming within range of the first major resistance level at $9,249.77, Bitcoin slid to a late afternoon intraday low $8,867.4.

Bitcoin fell through the first major support level at $9,061.37 and the second major support level at $8,942.13.

Late on, Bitcoin briefly broke back through the second major support level before wrapping up the day at sub-$8,920 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

Full Report: https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-08-03-20-637420