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The Crypto Daily — November 30th, 2021 — Movers and Shakers
Following a strong day for Bitcoin and the broader market on Monday, a rebound to $60,000 for Bitcoin would underpin a broad-based crypto rise.
On Monday, Bitcoin BTC to USD increased by 0.89 percent. Bitcoin finished the day at $57,840, up 4.70 percent from the previous day.
Following a bumpy start to the day, Bitcoin plummeted to an intraday low of $56,764 in the late morning before making a move.
Bitcoin soared to a late intraday high of $58,888 after avoiding the first major support barrier at $54,720. Bitcoin broke over the first big resistance mark at $58,731 before sliding back to close the day at levels below $58,000.
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
Monday was a mixed bag for the remainder of the majors.
Ethereum (+3.51%) and Litecoin (+3.06%) lead the charge.
Binance Coin (+2.05%), Cardano’s ADA (+0.50%), Chainlink (+2.92%), Crypto.com Coin (+1.97%), Polkadot (+2.87%), and Ripple’s XRP (+2.20%) all received support.
