The Crypto Daily — November 25th, 2021 — Movers and Shakers

Bitcoin (BTC) declined 0.72 percent against the US dollar on Wednesday. Bitcoin concluded the day at $57,166, somewhat erasing a 2.30 percent rise from the previous day.

A mixed morning saw Bitcoin soar to an intraday high of $57,762 before reversing.

Bitcoin plummeted to an intraday low of $55,895 in the early afternoon, falling short of the first significant resistance mark at $58,480.

Bitcoin went below the first major support level of $56,064 before recovering somewhat to conclude the day around $57,000.

Despite the recent retreat to sub-$56,000 levels, the near-term bullish trend has stayed intact. To develop a near-term negative trend, Bitcoin would need to fall through the 62 percent FIB of $28,814 on a consistent basis.

The Rest of the Pack

Wednesday was a mixed bag for the remainder of the majors.

Crypto.com Coin increased by 16.8 percent, while Bitcoin Cash SV (+3.35 percent) also outperformed the market on the day.

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

Cardano’s ADA (-4.82%), Chainlink (-4.92%), and Polkadot (-5.42%) lead the way down.