RATE Group | The Crypto Daily – Movers and Shakers -30/05/20
89574
post-template-default,single,single-post,postid-89574,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

The Crypto Daily – Movers and Shakers -30/05/20

30 May The Crypto Daily – Movers and Shakers -30/05/20

Posted at 09:10h in Bitcoin News by

Bitcoin fell by 1.68% on Friday. Partially reversing a 4.11% rally from Thursday, Bitcoin ended the day at $9,426.1.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $9,618.8 before hitting reverse.

Falling short of the first major resistance level at $9,773.67, Bitcoin fell to a mid-afternoon intraday low $9,352.0.

Steering clear of the first major support level at $9,261.57, Bitcoin recovered to $9,400 levels to limit the loss.

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 the 62% FIB of $10,034 to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day for the majors on Friday.

Ethereum and Tezos bucked the trend on the day, with gains of 0.10% and 1.32% respectively.

It was a bearish day for the rest of the pack, however.

Stellar’s Lumen and Monero’s XMR…

Source link

Tags:
, , , ,