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The Crypto Daily — November 29th, 2021 — Movers and Shakers
On Sunday, Bitcoin BTC to USD increased by 4.70 percent. Following a 1.79 percent increase on Saturday, Bitcoin fell 2.29 percent to $57,356 at the close of the week.
Bitcoin was bearish for the majority of the day, falling to an intraday low of $53,458 in the late afternoon before making a move.
Bitcoin breached the first major support level of $53,892 as well as the 23.6 percent FIB of $53,628.
However, Bitcoin recovered late in the day to an intraday high of $57,469.
Bitcoin broke past the first major barrier level at $55,510 and the second major resistance level at $56,228 to conclude the day at $57,300.
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
On Sunday, the remainder of the majors had a mixed bag.
Polkadot and Crypto.com Coin defied the trend, sliding 2.83 and 6.74 percent, respectively.
The rest of the majors, on the other hand, had a good day.
