Movers and Shakers -11/03/20
David Airben
Market
4 years ago
1 QCP
It’s another mixed start to the day for Bitcoin. Downward pressure will continue while Bitcoin sits short of the 23.6% FIB of $8,200.
Bitcoin slipped by 0.65% on Tuesday. Following on from a 1.32% decline on Monday, Bitcoin ended the day at $7,913.8.
A mixed start to the day saw Bitcoin fall to an early morning low $7,865.8 before making a move.
Bitcoin rallied to an early afternoon intraday high $8,180.0 before hitting reverse.
Falling short of the first major resistance level at $8,221.53 and the 23.6% FIB of $8,200, Bitcoin slid to a mid-afternoon intraday low $7,776.6
Steering clear of the first major support level at $7,706.53 briefly revisited $8,000 levels before falling back into the red.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin falling back to sub-$8,000 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-11-03-20-638078
Bitcoin slipped by 0.65% on Tuesday. Following on from a 1.32% decline on Monday, Bitcoin ended the day at $7,913.8.
A mixed start to the day saw Bitcoin fall to an early morning low $7,865.8 before making a move.
Bitcoin rallied to an early afternoon intraday high $8,180.0 before hitting reverse.
Falling short of the first major resistance level at $8,221.53 and the 23.6% FIB of $8,200, Bitcoin slid to a mid-afternoon intraday low $7,776.6
Steering clear of the first major support level at $7,706.53 briefly revisited $8,000 levels before falling back into the red.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin falling back to sub-$8,000 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-11-03-20-638078
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