ADA price – The Crypto Daily – Movers and Shakers – February 12th, 2021

A bearish start to the day saw Bitcoin fall to an early morning intraday low $43,917.4 before making a move.

Steering clear of the first major support level at $43,284, Bitcoin rallied to a late intraday high and a new swing hi $48,598.0.

Bitcoin broke through the first major resistance level at $46,890 before a slide back to sub-$46,000 levels.

Finding late support, however, Bitcoin moved back through to $48,000 levels to deliver the upside on the day.

The near-term bullish trend remained intact, supported by the Thursday’s new swing hi $48,598.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,036 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Binance Coin slid by 3.66% to lead the way down.

Cardano’s ADA (-1.44%) and Polkadot (-0.97%) also saw red on the day.

It was a bullish day for the rest of the majors, however.

Crypto.com Coin jumped by 15.5% to lead the way.

bitcoin cash SV (+8.08%), Chainlink (+3.89%) and Ripple’s XRP (+4.80%) also found strong support.

Ethereum (+2.57%) and Litecoin (+2.84%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Thursday high $1,481.62bn. At the time of writing, the total market cap stood at $1,442.71bn.

Bitcoin’s dominance jumped to a Tuesday high 64.76% before falling to a Wednesday low 61.13%. At the time of writing, Bitcoin’s dominance stood at 62.79%.