It was a mixed start to the day. Bitcoin rose to an early morning intraday high $10,593.0 before hitting reverse.
Falling short of the first major resistance level at $10,764, Bitcoin slid to a late intraday low $9,925.5.
Bitcoin fell through the first major support level at $10,086 before finding late support.
Late in the day, Bitcoin moved back through the first major support level to wrap up the day at $10,190 levels.
The near-term bullish trend remained intact, in spite of the latest pullback to sub-$10,000. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day for the majors on Saturday.
Tron’s TRX and Ethereum tumbled by 15.96% and by 13.69% respectively to lead the way down.
Binance Coin (-7.32%), Cardano’s ADA (-11.59%), Ripple’s XRP (-6.62%), Stellar’s Lumen (-7.32%), and Tezos (-9.61%) also saw particularly heavy losses.
Bitcoin Cash ABC (-5.07%), EOS (-2.02%), Litecoin (-5.77%), and Monero’s XMR (-5.98%) saw relatively modest losses.
Bitcoin Cash SV bucked the trend on the day, rising by 0.25%.
In the current week, the crypto total market rose to a Tuesday high $379.05bn before sliding to a Saturday low $279.73bn. At the time of writing, the total market cap stood at $306.87bn.
Bitcoin’s dominance fell to a Wednesday low 58.79% before rising to a Saturday high 61.97%. At the time of writing, Bitcoin’s dominance stood at 61.36%.
