A bearish start to the day saw Bitcoin slide to an early morning intraday low $33,367 before making a move.
Steering clear of the first major support level at $33,000, Bitcoin rose to a mid-day intraday high $36,419.0.
Falling short of the first major resistance level at $36,764, Bitcoin fell back to sub-$35,100 levels before finding support.
Bitcoin briefly revisited $36,200 levels before ending the day at $35,600 levels.
The near-term bullish trend remained intact in spite of the recent slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a bullish day on Sunday.
Cardano’s ADA jumped by 12.36% to lead the way, with Ripple’s XRP rallying by 9.01%.
Binance Coin (+6.79%), Chainlink (+5.67%), Ethereum (+4.69%), and Litecoin (+4.00%) also found strong support.
Bitcoin Cash SV (+3.63%), Crypto.com Coin (+0.72%), and Polkadot (+0.01%) trailed the front runners, however.
It was a bullish week for the majors, however.
Chainlink surged by 33.54% to lead the way, with Binance Coin (+24.78%), Cardano’s ADA (+19.95%), and Litecoin (+19.62%) also making solid gains.
Bitcoin Cash SV (+16.79%), Crypto.com Coin (+17.17%), Ethereum (+13.72%), Polkadot (+11.26%), and Ripple’s XRP (+14.14%) trailed the front runners, however.
In the week, the crypto total market fell to a Monday low $1,369bn before rising to a Wednesday high $1,786bn. At the time of writing, the total market cap stood at $1,504bn.
Bitcoin’s dominance rose to a Monday high 47.07% before falling to a Thursday low 42.68%. At the time of writing, Bitcoin’s dominance stood at 43.96%.
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