RATE Group | The Crypto Daily – Movers and Shakers -31/05/20
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The Crypto Daily – Movers and Shakers -31/05/20

31 May The Crypto Daily – Movers and Shakers -31/05/20

Posted at 01:26h in Bitcoin News by

Bitcoin rose by 2.98% on Saturday. Partially reversing a 1.68% fall from Friday, Bitcoin ended the day at $9,706.4.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,323.3 before finding support.

Steering clear of the first major support level at $9,312.47, Bitcoin struck a mid-morning high $9,618.8 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,579.27 before falling back to sub-$9,500 levels and into the red.

Finding late support from the broader market, Bitcoin bounced back to a late intraday high $9,750.0.

Bitcoin broke back through the first major resistance level before easing back. The second major resistance level at $9,732.43 pinned Bitcoin back late in 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 the 62% FIB of $10,034 to form a near-term bullish…

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