Bitcoin, BTC to USD, rose by 0.41% on Saturday. Partially reversing a 1.00% loss from Friday, Bitcoin ended the day at $64,398.0.
A mixed start to the day saw Bitcoin fall to a late morning intraday low $63,405.0 before making a move.
Steering clear of the first major support level at $62,452, Bitcoin rose to a late afternoon intraday high $64,989.0.
Falling short of the first major resistance level at $65,618, Bitcoin fell back to sub-$64,000 levels before finding late support.
A late move back through to $64,300 levels delivered the upside on the day.
The near-term bullish trend remained intact, supported by Wednesday’s ATH $68,958.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.
Chainlink and Ethereum bucked the trend, falling by 0.46% and by 0.50% respectively.
It was a bullish day for the rest of the majors, however.
Crypto.com Coin surged by 19.89% to lead the way.
Binance Coin (+3.60%), Litecoin (+2.59%), and Polkadot (+2.15%) found relatively strong support.
Bitcoin Cash SV (+0.94%), Cardano’s ADA (+0.24%), and Ripple’s XRP (+0.19%) trailed the front runners, however.
In the current week, the crypto total market rose to a Wednesday high $3,007bn before falling to a Wednesday low $2,657bn. At the time of writing, the total market cap stood at $2,834bn.
Bitcoin’s dominance rose to a Wednesday high 44.62% before falling to a Friday low 42.78%. At the time of writing, Bitcoin’s dominance stood at 43.32%.
At the time of writing, Bitcoin was up by 1.07% to $65,084.9. A bullish start to the day saw Bitcoin rise from an early morning low $64,395.0 to a high $65,311.0.
Bitcoin broke through the first major resistance level at $65,123 before easing back.
Elsewhere, it was a mixed start to the day.
Crypto.com Coin and Polkadot bucked the early trend, falling by 5.09% and by 0.66% respectively.
It’s been a bullish morning for the rest of the majors, however.
At the time of writing, Ethereum was up by 0.81% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $64,264 pivot to bring the first major resistance level at $65,123 back into play.
Support from the broader market would be needed for Bitcoin to hold onto $65,000 levels.
Barring a broad-based crypto rally, the first major resistance level and morning high $65,311.0 would likely cap the upside.
In the event of an extended rally, Bitcoin could test resistance at $67,000 levels before easing back. The second major resistance level sits at $65,848.
A fall through the $64,264 pivot would bring the first major support level at $63,539 into play.
Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $62,680.
This article was originally posted on FX Empire
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