The Crypto Daily – Movers and Shakers – October 19th, 2021

A mixed start to the day saw Bitcoin rise to a late morning intraday high $62,682.0 before hitting reverse.

Bitcoin broke through the first major resistance level at $62,313 before falling to an early afternoon intraday low $59,883.0.

Finding support at the first major support level at $59,857, Bitcoin revisited $62,000 levels before easing back.

The near-term bullish trend remained intact, supported the latest return to $62,000 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 Monday.

Binance Coin rose by 2.99% to lead the way, with Litecoin (+1.01%) also joining Bitcoin in the green.

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

Chainlink and Polkadot slid by 3.13% and by 3.02% respectively to lead the way down.

Bitcoin Cash SV (-0.54%), Cardano’s ADA (-1.37%), Coin (-1.52%), Ethereum (-2.65%), Ripple’s XRP (-1.05%) also saw red, however.

Early in the week, the crypto total market rose to a Monday high $2,509bn before falling to a Monday low $2,421bn. At the time of writing, the total market cap stood at $2,486bn.

Bitcoin’s dominance fell to a Monday low 46.57% before rising to a Monday high 47.29%. At the time of writing, Bitcoin’s dominance stood at 47.09%.

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