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A mixed start to the day saw Bitcoin fall to an early morning intraday low $47,120.0 before making a move.
Bitcoin fell through the first major support level at $47,275 before rallying to a late afternoon intraday high $49,196.0.
The rally saw Bitcoin break through the first major resistance level at $48,187 and the second major resistance level at $48,724.
Falling short of the third major resistance level at $49,636, Bitcoin slid back through the resistance levels to sub-$48,000 levels.
Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $48,200 levels.
The near-term bullish trend remained intact, supported the latest return to $49,000 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.
Polkadot (-0.95%) saw red to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Bitcoin Cash SV rallied by 4.40% to lead the way.
Chainlink (+2.11%), Crypto.com Coin (+1.75%), and Ripple’s XRP (+1.76%) also found strong support.
Binance Coin (+0.79%), Cardano’s ADA (+0.18%), Ethereum (+0.93%), and Litecoin (+0.99%) trailed the front runners, however.
It was also a mixed week ending 3rd October for the crypto majors.
Polkadot fell by 0.33% to buck the trend.
It was a bullish week for the rest of the majors, however.
Binance Coin rallied by 25.07% to lead the way.
Bitcoin Cash SV (+11.90%), Chainlink (+12.04%), Crypto.com Coin (+12.42%), Ethereum (+11.74%), Litecoin (+13.22%), and Ripple’s XRP (+11.74%) also found strong support.
Cardano’s ADA (+1.99%) trailed the front runners, however.
In the week, the crypto total market fell to a Wednesday low $1,808bn before rising to a Sunday high $2,203bn. At the time of writing, the total market cap stood at $2,151bn.
Bitcoin’s dominance fell to a Friday low 41.29% before rising to a Saturday high 42.81%. At the time of writing, Bitcoin’s dominance stood at 42.14%.
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