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

A mixed start to the day saw Bitcoin rise to an early morning intraday high $38,184.1 before hitting reverse.

Falling short of the first major resistance level at $39,266, Bitcoin slid to a late afternoon intraday low $35,137.0.

Bitcoin fell through the first major support level at $37,134 and the second major support level at $36,194.

Steering clear of sub-$35,000 support levels, however, Bitcoin revisited $35,900 levels before easing back.

Resistance at $36,000 pinned Bitcoin back late in the day.

The near-term bullish trend remained intact in spite of the latest slide back to $35,000 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 Friday.

Polkadot rose by 1.17% to buck the trend on the day.

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

Chainlink slid by 9.26% to lead the way down.

Bitcoin Cash SV (-6.12%), Crypto.com Coin (-6.75%),  Ethereum (-5.85%), Litecoin (-6.44%), and Ripple’s XRP (-5.33%) weren’t far behind.

Binance Coin (-4.42%) and Cardano’s ADA (-4.40%) also struggled.

In the current week, the crypto total market rose to a Tuesday high $1,708bn before falling to a Friday low $1,433bn. At the time of writing, the total market cap stood at $1,483bn.

Bitcoin’s dominance rose to a Wednesday high 46.26% before falling to an early Saturday low 45.18%. At the time of writing, Bitcoin’s dominance stood at 45.23%.

Source: www.fxempire.com

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