The Crypto Daily – Movers and Shakers – October 17th, 2021

A mixed start to the day saw Bitcoin rise to an early morning intraday high $62,333.0 before hitting reverse.

Falling well short of the first major resistance level at $64,093, Bitcoin fell to a late afternoon intraday low $60,171.0.

Steering clear of the first major support level at $58,074, however, Bitcoin revisited $61,000 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 Saturday.

Chainlink and Coin rose by 0.93% and by 3.48% respectively to buck the trend on the day.

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

Polkadot fell by 2.27% to lead the way down.

Binance Coin (-1.82%), Cardano’s ADA (-1.73%), and Litecoin (-1.88%), also struggled.

Bitcoin Cash SV (-0.17%), Ethereum (-1.04%), and Ripple’s XRP (-0.80%) saw relatively modest losses on the day, however.

In the current week, the crypto total market fell to a Tuesday low $2,210bn before rising to a Friday high $2,606bn. At the time of writing, the total market cap stood at $2,469bn.

Bitcoin’s dominance fell to a Thursday low 44.43% before rising to a Saturday high 46.64%. At the time of writing, Bitcoin’s dominance stood at 46.42%.