The crypto market fluctuated last week. Several major currencies tumbled down, while the others rose moderately. Ripple’s XRP and Stellar’s Lumen profited the most. The first one rallied by 7.40%, and the second one skyrocketed with 3.16%.
However, some of the crypto’s gains were more modest on Thursday. Cardano’s ADA increased by 0.49%, with EOS and Ethereum also climbing up, adding 0.42% and 0.67%, respectively. Bitcoin Cash ABC rose by 0.16%, while Tron’s TRX gained 0.09%.
Meanwhile, Binance Coin and Tezos dropped down on Thursday, losing 6.74% and 5.76%, respectively. Monero’s XMR declined by 3.02%. Bitcoin Cash SV lost 1.89%, and Litecoin fell by 1.01%.
What About Bitcoin?
Bitcoin had a turbulent few days. Since its recent rally, it fell by 1.12% on Thursday, reversing a 0.89% gain from Wednesday. The crypto stopped at $10,222.0 at the end of the day.
Bitcoin soared to a mid-morning high $10,480.0 after a bullish start of the day, before dropping down again. However, it broke through the first major resistance level at $10,452.67 before lowering at $10,058.0 in the late morning.
Afterward, the crypto fell through the first and second major support levels at $10,230.67 and $10,123.33, respectively. But after finding support in the early afternoon, Bitcoin rebounded to $10,491.0
On Friday morning, Bitcoin fell by 0.31% to $10,190.0. The crypto fell from an early morning high $10,236.4 to a low $10,173.0 after the bearish start of the day. Even though Bitcoin fluctuated so much, the near-term bearish trend, formed in late June at $13,764.0, remained firmly intact.
Experts are looking forward to the new week to see if bitcoin manages to break through another resistance level. To bring the first major resistance level at $10,456.0, bitcoin would need to return the $10,260 level. It could even clear the $10,400 levels with the broader market’s support. But if the crypto can’t manage to move back to $10,400 levels, it may fall deeper.
