RATE Group | The Crypto Daily – Movers and Shakers -18/05/20
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The Crypto Daily – Movers and Shakers -18/05/20

18 May The Crypto Daily – Movers and Shakers -18/05/20

Posted at 01:17h in Bitcoin News by

Bitcoin rallied by 3.01% on Sunday. Following on from a 0.86% gain on Saturday, Bitcoin ended the week up by 10.86% to $9,668.2.

It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,329.7 to a mid-afternoon intraday high $9,883.5 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,571.33 and the second major resistance level at $9,754.67.

A late pullback saw Bitcoin fall through the second major resistance level to $9,601.9 before finding support.

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.

The Rest of the Pack

Across the rest of the majors, it was a mixed end to the week.

Ethereum led the rest of the pack, rallying by 3.27%.

Binance Coin (+1.31), Bitcoin Cash ABC (+0.90%), Bitcoin Cash SV (+1.12%), Cardano’s ADA…

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