The Crypto Daily – Movers and Shakers – July 7th, 2021

After a mixed start to the day, Bitcoin rose to a late morning intraday high $35,196.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $34,926 before sliding to a late afternoon intraday low $33,555.0.

Steering clear of the first major support level at $32,772, however, Bitcoin broke back through to $34,000 levels and into the green.

The near-term bullish trend remained intact, supported by the latest recent back to $36,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

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


Bitcoin Cash SV fell by 3.45% to buck the trend on the day.

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

Chainlink rallied by 9.50% to lead the way.

Binance Coin (+5.95%), Crypto.com Coin (+4.81%), Ethereum (+5.67%), and Polkadot (+4.39%) also found strong support.

Cardano’s ADA (+0.88%), Litecoin (+0.78%), and Ripple’s XRP (+2.02%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,358bn before rising to a high $1,466bn. At the time of writing, the total market cap stood at $1,424bn.

Bitcoin’s dominance rose to a Monday high 45.73% before falling to a Tuesday low 44.90%. At the time of writing, Bitcoin’s dominance stood at 44.98%.