Following a 1.26% decline on Friday,Bitcoin, BTC to USD, slipped by 0.40% on Saturday. Bitcoin ended the day at $47,177.0.
Bitcoin rose to an early morning intraday high $48,209.0 before hitting reverse.
Falling short of the first major resistance level at $48,944, Bitcoin fell to a late morning intraday low $46,255.0. though it revisited $47,300 levels before falling back into the red.
The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 to form a near-term bearish trend.
Across the rest of the majors, it was a mixed day on Saturday.
Bitcoin Cash SV and Litecoin jumped by 12.77% and by 14.92% respectively to lead the way, with Chainlink rallying by 11.50%.
Crypto.com Coin (+5.26%) and Ripple’s XRP (+3.91%) also found support on the day.
It was a bearish day for the rest, however.
Binance Coin (-2.59%), Cardano’s ADA (-1.27%), Ethereum (-1.45%), and Polkadot (-2.04%) joined Bitcoin in the red.
In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn.
At the time of writing, the total market cap stood at $1,453.99bn.
Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a Saturday low 59.76%. At the time of writing, Bitcoin’s dominance stood at 60.42%.
This morning, Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was another mixed start to the day.
Binance Coin (-0.71%), Cardano’s ADA (-0.20%), Chainlink (-0.03%), Ethereum (-0.42%), and Litecoin (-1.01%) joined Bitcoin in the red early on.
It was a bullish start for the rest of the majors, however.
At the time of writing, Crypto.com Coin was up by 2.44% to lead the way.
Bitcoin would need to move back through the pivot level at $47,214 to bring the first major resistance level at $48,172 into play.
Support from the broader market would be needed for Bitcoin to break back through to $48,000 levels.