The Crypto Daily – Movers and Shakers -23/05/20

Bitcoin rose by 1.14% on Friday. Partially reversing a 4.68% slide from Thursday, Bitcoin ended the day at $9,162.4. A bearish start to the day saw Bitcoin fall to an early morning intraday low $8,935.4 before finding support. Steering clear of the first major support level at $8,726.9, Bitcoin bounced back to a late afternoon intraday high $9,269.0. Falling short of the first major resistance level at $9,475.7, Bitcoin eased back to sub-$9,200 levels late on. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on F...