Steering clear of the first major support level at $60,536, Bitcoin rallied to a late intraday high $63,279.0.
Bitcoin broke through the first major resistance level at $62,019 and the second major resistance level at $62,542 to end the day at $63,000 levels.
The near-term bullish trend remained intact, supported the latest return to $66,000 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.
Polkadot bucked the trend, falling by 2.51%.
It was a bullish day for the rest of the majors, however.
Crypto.com Coin and Ripple’s XRP rallied by 5.93% and by 5.84% respectively to lead the way.
Binance Coin (+1.80%), Ethereum (+2.06%), and Litecoin (+2.24%) also found strong support.
Bitcoin Cash SV (+0.61%), Cardano’s ADA (+0.79%), and Chainlink (+0.87%) trailed the front runners, however.
It was a bullish week for the majors, in the week ending 7th November, however.
Crypto.com Coin surged by 66.46% to lead the pack, with Binance Coin (+23.75%) and Polkadot (+18.26%) also making solid gains.
Chainlink (+7.77%), Ethereum (+7.62%), and Ripple’s XRP (+9.53%) found strong support.
Bitcoin Cash SV (+2.81%), Cardano’s ADA (+2.80%), and Litecoin (+5.32%) trailed the front runners, however.
In the week, the crypto total market fell to a Monday low $2,527bn before rising to a Sunday high $2,810bn. At the time of writing, the total market cap stood at $2,787bn.
Bitcoin’s dominance rose to a Monday high 44.39% before falling to a Sunday low 42.36%. At the time of writing, Bitcoin’s dominance stood at 43.43%.
This news is republished from another source. You can check the original article here
Be the first to comment