A mixed start to the day saw Bitcoin rise to a late morning intraday high $61,475.0 before hitting reverse.
Falling well short of the first major resistance level at $62,077, Bitcoin slid to a late intraday low $59,019.0.
Bitcoin fell through the first major support level at $59,915 before a late move back through to $61,000 levels.
The near-term bullish trend remained intact, supported the latest return to $62,000 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.
Binance Coin and Ethereum rose by 1.15% and by 0.46% respectively to buck the trend at the end of the week.
It was a bearish day for the rest of the majors, however.
Chainlink and Ripple’s XRP fell by 2.55% and by 3.61% respectively to lead the way down.
Bitcoin Cash SV (-1.66%), Crypto.com Coin (-2.08%), and Litecoin (-1.22%) also struggled.
Cardano’s ADA (-0.89%) and Polkadot (-0.20%) saw relatively modest losses on the day, however.
It was also a mixed week ending 17th October for the majors.
Bitcoin Cash SV (-2.26%), Cardano’s ADA (-1.44%), Crypto.com Coin (-1.62%), and Ripple’s XRP (-3.90%) saw red.
It was a bullish week for the rest of the majors, however.
Binance Coin jumped by 16.51% to lead the way, with Ethereum (+12.66%), Litecoin (+12.46%), and Polkadot (+8.69%) also finding strong support.
Chainlink (+3.43%) trailed the front runners, however.
In the week, the crypto total market fell to a Tuesday low $2,210bn before rising to a Friday high $2,606bn. At the time of writing, the total market cap stood at $2,503bn.
Bitcoin’s dominance fell to a Thursday low 44.43% before rising to a Sunday high 46.75%. At the time of writing, Bitcoin’s dominance stood at 46.63%.
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