The Crypto Daily — November 27th, 2021 — Movers and Shakers

Bitcoin fell 8.77 percent against the US dollar on Friday. Bitcoin concluded the day at $53,839, reversing a 3.25 percent gain from Thursday.

Bitcoin rose to an intraday high of $59,238 in the early morning before reversing course.

Bitcoin fell to a mid-day intraday low of $53,555, falling short of the first significant resistance mark at $59,937.

Bitcoin fell through the day’s main support levels as well as the 23.6 percent FIB of $53,628 during the protracted sell-off.

However, after finding early afternoon support, Bitcoin returned to $54,800 levels before closing the day at $53,800 levels.

Bitcoin’s brief comeback saw it breach the 23.6 percent FIB of $53,628 and the third major support level of $53,780.

Despite the recent retreat to sub-$54,000 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

Friday was a bearish day throughout the rest of the majors.

Litecoin was the first to fall, falling 12.26 percent.