[ad_1]
Falling short of the first major resistance level at $52,993, Bitcoin fell to a late morning intraday low $48,852.0.
While steering clear of the first major support level at $48,422, Bitcoin fell back through the 23.6% FIB of $50,473.
Finding late morning support, however, Bitcoin broke back through the 23.6% FIB to revisit $51,000 levels before easing back.
A bearish end to the day saw Bitcoin fall back through the 23.6% FIB to end the day at sub-$50,200 levels.
The near-term bullish trend remained intact in spite of the latest reversal. 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 mixed day on Saturday.
Crypto.com Coin rose by 2.70% to buck the trend on the day.
It was a bearish start for the rest of the majors, however.
Chainlink and Ripple’s XRP slid by 11.06% and by 10.17% respectively to lead the way down.
Binance Coin (-5.68%), Bitcoin Cash SV (-5.21%), Cardano’s ADA (-4.66%), Ethereum (-6.47%), Litecoin (-6.77%), and Polkadot (-8.32%) also struggled.
In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,787.
Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 52.25%.
[ad_2]
