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A mixed start to the day saw Bitcoin rise to a late morning intraday high $56,609.0 before hitting reverse.
Falling short of the first major resistance level at $57,024, Bitcoin slid to a late intraday low $54,800.0.
Bitcoin fell through the first major resistance level at $54,379 before briefly revisiting $55,850 levels.
The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.
Cardano’s ADA (+1.10%), Crypto.com Coin (+0.25%), Litecoin (+0.09%), and Ripple’s XRP (+0.05%) bucked the trend on the day.
It was a bearish day for the rest of the majors, however.
Bitcoin Cash SV slid by 3.41% to lead the way down.
Binance Coin (-0.23%), Chainlink (-0.72%), Ethereum (-1.58%), and Polkadot (-0.95%) also saw red on the day.
For the week, it was also a mixed week for the majors.
Binance Coin (+1.45%), Cardano’s ADA (+0.28%), and Ripple’s XRP (+5.89%) bucked the trend in the week.
It was a bearish day for the rest of the majors, however.
Chainlink (-8.78%), Crypto.com Coin (-6.89%), and Polkadot (-9.62%) led the way down.
Bitcoin Cash SV (-2.19%), Ethereum (-5.45%), and Litecoin (-5.80%) also joined Bitcoin in the red.
In the week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,703bn.
Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.09%. At the time of writing, Bitcoin’s dominance stood at 60.91%.
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