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A bullish start to the day saw Bitcoin rise to an early morning intraday high $60,279.0 before hitting reverse.
Falling short of the first major resistance level at $61,197, Bitcoin tumbled to an early morning intraday low $50,500.0.
The extended sell-off saw Bitcoin fall through the major support levels
Finding support at the 23.6% FIB of $50,473, Bitcoin broke back through the third major resistance level at $55,104 to end the day at $56,100 levels.
The near-term bullish trend remained intact in spite of the slide back to $50,500 levels. For the bears, Bitcoin would need to slide 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 bearish day on Sunday.
Crypto.com Coin tumbled by 15.14% to lead the way down, with Bitcoin Cash SV sliding by 12.39%.
Litecoin (-8.92%) and Ripple’s XRP (-8.28%) also saw heavy losses.
Binance Coin (-6.24%), Cardano’s ADA (-6.50%), Chainlink (-2.17%), Ethereum (-3.35%), and Polkadot (-5.14%) saw relatively modest losses on the day.
It was also a mixed week for the majors in the week ending 18th April.
Binance Coin slid by 8.23%, with Crypto.com Coin falling by 5.08% to join Bitcoin in the red.
It was a bullish week for the rest of the majors, however.
Bitcoin Cash SV jumped by 25.25% to lead the way, with Polkadot rallying by 15.72%.
Cardano’s ADA (+1.32%), Ethereum (+4.23%), Litecoin (+8.68%), and Ripple’s XRP (+4.67%) also ended the week in positive territory.
In the week, the crypto total market rose to a Friday high $2,305bn before sliding to a Sunday low $1,755bn. At the time of writing, the total market cap stood at $2,019bn.
Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.37%. At the time of writing, Bitcoin’s dominance stood at 52.52%.
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