It’s a mixed start to the day for the majors. A Bitcoin move back through to $34,000 levels would support the pack.
Bitcoin, BTC to USD, rose by 2.43% on Sunday. Following on from a 9.65% rally on Saturday, Bitcoin ended the week up by 25.6% to $32,968.0.
It was a mixed start to the day. Bitcoin fell to an early morning intraday low $31,975.0 before making a move.
Steering clear of the first major support level at $29,691, Bitcoin surged to a mid-morning intraday high and a new swing hi $34,873.0.
Bitcoin broke through the first major resistance level at $33,983 to test resistance at $35,000 before hitting reverse.
The reversal saw Bitcoin fall back to $32,200 levels before finding support.
Avoiding negative territory, Bitcoin revisited $33,800 levels before falling back to sub-$33,000 levels. The first major resistance level at $33,983 had pinned Bitcoin back late in the day.
The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 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.
Crypto.com Coin fell by 8.76% to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Ethereum surged by 26.5% to lead the way.
Cardano’s ADA (+16.3%), Chainlink (+12.18%), and Litecoin (+17.8%) also impressed on the day.
Binance Coin (+7.96%), Bitcoin Cash SV (+5.42%), Polkadot (+7.18%), and Ripple’s XRP (+1.85%) trailed the front runners on the day.
For the week, it was a mixed bag for the crypto majors, however.
Ethereum and Polkadot surged by 43.3% and by 56.8% respectively to lead the way.
Binance Coin (+23.0%), Cardano’s ADA (+33.7%), Chainlink (+12.9%), and Litecoin (+26.5%) also made solid gains.
Bitcoin Cash SV (+5.8%) and Crypto.com Coin (+3.5%) trailed the front runners with modest gains.
Ripple’s XRP fell by 20.6%, however, to buck the trend in the week.
In the week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to a Sunday high $924.85bn. At the time of writing, the total market cap stood at $867.05bn.
Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Sunday high 73.63%. At the time of writing, Bitcoin’s dominance stood at 70.14%.
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