The Crypto Daily – Movers and Shakers – January 24th, 2021

It was a mixed start to the day. Bitcoin fell to an early morning low $32,138.0 before making a move.

The early pullback saw Bitcoin fall through the 23.6% FIB of $33,008.

Steering clear of the major support levels, however, Bitcoin rose to a mid-morning intraday high $33,554.0.

Bitcoin broke back through the 23.6% FIB before hitting reverse.

Falling short of the first major resistance level at $34,942, Bitcoin slid to an early afternoon intraday low $31,439.4.

Bitcoin fell back through the 23.6% FIB, while steering clear of the first major support level at $30,081.

Finding support late in the day, Bitcoin briefly revisited $32,500 levels before easing back.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink and Polkadot jumped by 14.87% and by 12.53% respectively to lead the way.

Binance Coin  (+0.09%), Ethereum (+0.09%), and Litecoin (+0.01%) also ended the day in the green.

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

Bitcoin Cash SV slid by 4.55% to lead the way down.

Cardano’s ADA (-0.90%), Coin (-2.72%), and Ripple’s XRP (-0.12%) also joined Bitcoin in the red.

In the current week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Saturday low $812.79bn. At the time of writing, the total market cap stood at $919.19bn.

Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Saturday low 64.14%. At the time of writing, Bitcoin’s dominance stood at 64.33%.