The Crypto Daily Movers and Shakers October 18, 2021

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A mixed start to the day saw Bitcoin hit an intraday high of $ 61,475.0 late in the morning before reversing.

Well below the first major resistance level at $ 62,077, Bitcoin slipped to an intraday low of $ 59,019.0.

Bitcoin broke through the first major support level at $ 59,915 before a late return to $ 61,000.

The short-term uptrend remained intact, supported the latest return to levels of $ 62,000. For bears, Bitcoin would need a sustained decline through 62% FIB from $ 27,237 to form a short-term downtrend.

The rest of the pack

In the rest of the majors, it was a mixed day on Sunday.

Binance Coin and Ethereum rose 1.15% and 0.46% respectively to reverse the trend on the weekend.

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

Chainlink and Ripples XRP fell 2.55% and 3.61% respectively to lead the way.

Bitcoin Cash SV (-1.66%), Crypto.com Coin (-2.08%), and Litecoin (-1.22%) also struggled.

Cardanos ADA (-0.89%) and Polkadot (-0.20%) however recorded relatively modest losses on the day.

It was also a mixed week ending October 17th for the majors.

Bitcoin Cash SV (-2.26%), Cardanos ADA (-1.44%), Crypto.com Coin (-1.62%), and Ripples XRP (-3.90%) saw red.

It has been a bullish week for the rest of the majors, however.

Binance Coin jumped 16.51% to lead the way, with Ethereum (+ 12.66%), Litecoin (+ 12.46%), and Polkadot (+ 8.69%) also finding strong support.

Chainlink (+ 3.43%), however, lagged behind the leaders.

During the week, the total crypto market fell to a Tuesday low of $ 2.210 billion before climbing to a Friday high of $ 2.606 billion. At the time of writing, the total market cap is $ 2.503 billion.

Bitcoin dominance fell to a Thursday low of 44.43% before hitting a Sunday high of 46.75%. At the time of writing this article, Bitcoin dominance stands at 46.63%.

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