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The Crypto Daily — November 28th, 2021 — Movers and Shakers
O Saturday, BTC to USD increased by 1.79 percent. Bitcoin finished the day at $54,791, somewhat correcting an 8.77 percent drop from Friday.
Bitcoin fell to an intraday low of $53,711 before making a move in a mixed morning.
Bitcoin soared to a late morning intraday high of $55,329 after avoiding the 23.6 percent FIB of $53,628 and the main support levels.
Bitcoin slid down to $54,100 levels before finding late support to conclude the day at $54,700 levels, falling short of the first big resistance mark at $57,533.
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
Saturday was a mixed bag for the remainder of the majors.
Binance Coin (+2.16 percent) found solid support, while Crypto.com Coin (+10.87 percent) led the way.
However, the leading runners were followed by Bitcoin Cash SV (+0.32 percent), Cardano’s ADA (+0.73 percent), Chainlink (+0.60 percent), Ethereum (+1.35 percent), and Ripple’s XRP (+0.61 percent).
