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A choppy start to the day saw Bitcoin rally to an early morning intraday high $49,650.0 before hitting reverse.
Bitcoin broke through the first major resistance level at $49,354 before sliding to an early morning intraday low $47,760.0.
The sell-off saw Bitcoin fall through the first major support level at $48,430 and the second major support level at $47,946.
Steering clear of sub-$47,500 levels, however, Bitcoin found late support to revisit $49,400 levels before falling back into the red.
The first major resistance level at $49,354 pegged Bitcoin back in the final hour.
The near-term bullish trend remained intact, supported by the latest return to $50,000 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 mixed day on Sunday.
Binance Coin fell by 1.30% to lead the way down.
Ethereum (-0.66%), Litecoin (-0.74%), Polkadot (-0.72%), and Ripple’s XRP (-0.55%) also saw red on the day.
It was a bullish day for the rest of the majors, however.
Bitcoin Cash SV rallied by 1.86% to lead the way, with Crypto.com Coin rising by 1.29%.
Cardano’s ADA (+0.11%) and Chainlink (+0.16%) trailed the front runners, however.
It was also a mixed week for the majors in the week ending 29th August.
Chainlink slid by 8.03% to lead the way down. Ethereum (-0.46%), Litecoin (-6.18%), Polkadot (-6.22%), and Ripple’s XRP (-7.01%) also ended the week in the red.
It was a bullish week for the rest of the majors, however.
Binance Coin rallied by 6.92% to lead the way, with Cardano’s ADA (+5.32%) close behind.
Bitcoin Cash SV (+1.37%) and Crypto.com Coin (+1.97%), and trailed the front runners, however
In the week, the crypto total market rose to a Monday high $2,169bn before falling to a Thursday low $1,933bn. At the time of writing, the total market cap stood at $2,087bn.
Bitcoin’s dominance rose to a Thursday high 44.98% before falling to a Saturday low 43.53%. At the time of writing, Bitcoin’s dominance stood at 44.03%.
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