A bearish start to the day saw Bitcoin fall to an early morning intraday low $57,800.0 before making a move.
Steering clear of the first major support level at $56,391 Bitcoin rallied to an early afternoon intraday high $60,000.0.
Bitcoin broke through the first major resistance level at $59,594 before Sliding back to end the day at sub-$58,100 levels.
The near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 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.
Ripple’s XRP jumped by 12.62% to lead the way on the day.
Binance Coin (+0.47%) and Litecoin (+0.14%) also joined Bitcoin in the green.
It was a bearish day for the rest of the majors, however.
Cardano’s ADA slid by 7.33% to lead the way down.
bitcoin cash SV (-4.63%), Chainlink (-0.62%), Crypto.com Coin (-3.12%), Ethereum (-0.14%), and Polkadot (-2.59%) also saw red.
In the current week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Saturday high $1,839bn. At the time of writing, the total market cap stood at $1,749bn.
Bitcoin’s dominance rose to a Monday high 63.03% before falling to a Saturday low 60.83%. At the time of writing, Bitcoin’s dominance stood at 61.72%.