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A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $35,372.0 before making a move.
Steering clear of the first major support level at $33,196, Bitcoin rose to a late morning intraday high $38,956.0.
Falling well short of the 38.2% FIB of $41,592 and the first major support level at $41,942, Bitcoin fell back to $37,200 levels and into the red.
Late in the day, Bitcoin moved back through to $38,000 levels before ending the day at sub-$38,000 levels.
The near-term bullish trend remained intact in spite of the latest 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 bearish day on Sunday.
Polkadot and Ripple’s XRP slid by 10.06% and by 10.11% to lead the way down.
Binance Coin (-8.14%), Chainlink (-9.21%), Cardano’s ADA (-5.59%), Ethereum (-5.65%), Litecoin (-6.02%) also struggled.
Bitcoin Cash SV (-1.06%) and Crypto.com Coin (-1.89%) saw relatively modest losses on the day, however.
In the current week, the crypto total market rose to a Monday high $2,162bn before sliding to a Wednesday low $1,207bn. At the time of writing, the total market cap stood at $1,508bn.
Bitcoin’s dominance fell to a Wednesday low 39.66% before rising to a Saturday high 46.41%. At the time of writing, Bitcoin’s dominance stood at 45.96%.
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