Movers and Shakers -30/03/20  

It’s a bullish start to the week for Bitcoin and the majors. A Bitcoin move through to $6,050 levels would signal a breakout.

Bitcoin slid by 5.71% on Sunday. Following on from a 1.91% fall on Saturday, Bitcoin ended the week up by 1.25% to $5,892.7. The upside came in spite of a 3rd consecutive day in the red on Sunday.

Bearish throughout the day, Bitcoin fell from an early morning intraday high $6,280 to a final hour intraday low $5,892.7.

The sell-off saw Bitcoin fall through the first major support level at $6,076.03 and second major support level at $5,902.07.

Bitcoin fell short of the major resistance levels and the 23.6% FIB of $6,300 at the start of the day.

The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March 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-30-03-20-641379