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A mixed start to the day saw Bitcoin fall to an early morning intraday low $57,900.0 before making a move.
Steering clear of the first major support level at $57,602, Bitcoin rallied to an early morning intraday high $61,243.0.
Bitcoin broke through the day’s major resistance levels to come within range of the March swing hi $61,699.0 before hitting reverse.
The reversal saw Bitcoin slide back to sub-$58,500 levels before finding support.
Bitcoin broke back through the first major resistance level at $58,777 and the second major resistance level at $59,420 to end the day at $59,800 levels.
The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. 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 Saturday.
Polkadot fell by 0.88% to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP surged by 34.82% to lead the way, with Litecoin rallying by 15.75%.
Binance Coin (+3.96%), Crypto.com Coin (+2.81%), and Ethereum (+3.22%) made relatively solid gains.
Bitcoin Cash SV (+0.32%), Cardano’s ADA (+1.21%), and Chainlink (+1.03%) trailed the front runners, however.
In the current week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,010bn.
Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Saturday low 55.40%. At the time of writing, Bitcoin’s dominance stood at 56.29%.
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