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A mixed start to the day saw Bitcoin fall to an early morning intraday low $32,066.0 before making a move.
Steering clear of the first major support level at $30,821, Bitcoin rose to a final hour intraday high $34,794.0.
Bitcoin broke through the first major resistance level at $33,276 and the second major resistance level at $34,196 to end the day at $34,700 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 mixed day on Sunday.
Polkadot bucked the trend on the day, falling by 3.74%,
It was a bullish day for the rest of the majors, however.
Chainlink (+8.53%), Crypto.com Coin (+8.60%), and Ethereum (+8.51%) led the way.
Bitcoin Cash SV (+5.52%), Cardano’s ADA (+6.81%), Litecoin (+4.66%), and Ripple’s XRP (+5.04%) also found strong support.
Binance Coin rose by a more modest 3.99%, however.
It was also a bearish week for the crypto markets.
Polkadot tumbled by 25.34% to lead the way down, with Ripple’s XRP sliding by 16.30%.
Binance Coin (-14.19%), Bitcoin Cash SV (-14.94%), Chainlink (-15.03%), Ethereum (-11.51%), and Litecoin (-14.33%) also saw heavy losses.
Cardano’s ADA (-6.18%) and Crypto.com Coin (-1.92%) saw relatively modest losses in the week, however.
In the week, the crypto total market rose to a Monday high $1,488bn before falling to a Tuesday low $1,127bn. At the time of writing, the total market cap stood at $1,367bn.
Bitcoin’s dominance fell to a Monday low 45.03% before rising to a Wednesday high 48.26%. At the time of writing, Bitcoin’s dominance stood at 47.76%.
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