The Crypto Daily — November 24th, 2021 — Movers and Shakers

On Tuesday, the value of Bitcoin (BTC) in US dollars increased by 2.30 percent. Bitcoin finished the day at $57,577.0, somewhat correcting a 4.12 percent loss from Monday.

Bitcoin fell to a late morning intraday low of $55,453.0 before making a move after a tumultuous morning.

Bitcoin soared to a late intraday high of $57,869.0 after avoiding the first major support barrier at $54,845.

Bitcoin slid down to $57,500 levels after failing to break over the first major resistance level at $58,587.

Despite the recent retreat to sub-$56,000 levels, the near-term bullish trend remains intact. For the bears, a prolonged drop through the 62 percent FIB of $28,814 would be required to establish a near-term bearish trend.

The Rest of the Pack

On Tuesday, the remainder of the majors had a mixed bag of results.

Cardano’s ADA declined 1.54 percent on the day, bucking the trend.

The rest of the majors, on the other hand, had a good day.

Crypto.com Coin climbed 6.87 percent to take the top, with Binance Coin (+5.62%) and Ethereum (+6.17%) following closely after.