Bitcoin, BTC to USD, rose by 1.92% on Sunday. Following a 0.57% gain on Saturday, Bitcoin ended the week down by 11.09% to $46,038.9.
A mixed start to the day saw Bitcoin fall to an early morning intraday low $44,774.2 before making a move.
Steering clear of the first major support level at $44,575, Bitcoin rallied to a late intraday high $46,466.0.
Bitcoin broke through the first major resistance level at $45,815 to end the day at $46,000 levels.
The near-term bullish trend remained intact, in spite of the latest return to $43,000 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.
It was a bullish day for the rest of the majors, however.
Polkadot rallied by 11.27% to lead the way, with Chainlink (+9.03%) close behind.
It was also mixed week for the crypto majors, however.
Polkadot rallied by 16.91%, with Crypto.com Coin (+1.18%) also bucking the trend in the week.
It was a bearish week for the rest of the majors, however.
Litecoin slid by 21.24% to lead the way, with Binance Coin (-17.52%) and Bitcoin Cash SV (-18.68%) close behind
Cardano’s ADA (-11.37%), Chainlink (-12.51%), Ethereum (-13.88%), and Ripple’s XRP (-14.31%) also struggled, however.
In the week, the crypto total market rose to a Tuesday high $2,438bn before tumbling to a Tuesday low $1,835bn. At the time of writing, the total market cap stood at $2,134bn.
Bitcoin’s dominance rose to a Tuesday high 43.64% before falling to a Friday low 39.92%. At the time of writing, Bitcoin’s dominance stood at 40.65%.
At the time of writing, Bitcoin was up by 0.15% to $46,107.0. A mixed start to the day saw Bitcoin fall to an early morning low $46,003.4 before rising to a high $46,269.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Bitcoin Cash SV (-0.82%), Cardano’s ADA (-0.53%), and Ripple’s XRP (-0.23%) saw red to buck the early trend.
It was a bullish start for the rest of the majors, however.
At the time of writing, Polkadot was up by 2.94% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $45,760 pivot to bring the first major resistance level at $46,745 into play.
Support from the broader market would be needed for Bitcoin to break out from $46,500 levels.
Barring a broad-based crypto rally, the first major resistance level and resistance at $47,000 would likely cap the upside.
In the event of a broad-based crypto rally, Bitcoin could test resistance at $48,000 before any pullback. The second major resistance level sits at $47,452.
A fall through the $45,760 pivot would bring the first major support level at $45,053 into play.
Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$44,000. The second major support level at $44,068 should limit the downside.