The bitcoin jumped 6.56% on Sunday, reversing a 1.09% decline from Saturday with interest, to close the week by 4.77% to $ 4,168.4.
After kicking off the day in red, Bitcoin and the broader market suffered until the early hours of the morning, while Bitcoin dropped to an intraday first minute of $ 3,887.5, reaching the first major support level at $ 3,870. , 3 before making a move.
Going away from the short-term goal of the $ 3,700 Bear was crucial in the early hours, with the support of the broader market that pushed Bitcoin to reach $ 3,900 in the late afternoon, signaling a possible break up to $ 4000.
A late afternoon wave in the cryptic market saw Bitcoin break through the main resistance levels of the day to hit at the end of the day intraday high $ 4,218.0 before returning to levels of $ 4,100.
For Bitcoin bulls, Bitcoin managed to position itself around the third main resistance level of the day at $ 4,170.4, which was a key result of the day, Bitcoin avoiding one of the post-rally pullbacks seen in recent months, which reflects the confidence of some Bitcoin investors and in the broader market.
The crypto large-scale rally has seen the crypto total capital cap rise to $ 138.34 billion, after falling to a week low $ 125.55 billion Wednesday, although with the Bitcoin domain at 51.6% at the time of writing , some caution would be needed.
Among the top 10 coins, Litecoin was the story of the day once again, with a double-digit gain that sees Litecoin bring both EOS and Bitcoin CASH ABC in sight, the market capitalization of Litecoin has risen from 1.91 billion to ## the beginning of the week a week high $ 2.36 billion late on Sunday.
The upward moves in the broader market have declined as a result of some bullish chatter that has hit the encrypted news, including early technology tokenization, which should be the trend for the year to come and offer more access to the encrypted market for both retail and institutional investors, not to mention the way venture-capital firms raise funds and support start-ups.
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At the time of publication, Bitcoin was down 0.44% to $ 4,150.0, a first attempt to go back to $ 4,200 levels down, with Bitcoin falling from a high of $ 4,197 to a minimum of $ 4,146, 1 before stabilizing, the main support of the day and resistance levels not tested in the beginning.
For the next day, a $ 4,100 level up until the morning should hold another run at $ 4,200 levels, although support from the broader market would be needed for Bitcoin to keep gains and make a run at the first the main resistance level of the day at $ 4,295.10 later that day.
Failure to meet the $ 4,100 level could cause Bitcoin to return to $ 3,900 levels to call support at the first level of main support at $ 3,964.6 before any recovery, with support levels below $ 3,900 hardly in play during day.
At the beginning of the morning, the majors were largely in red, with few exceptions, with late morning as key to Bitcoin and the broader market, the delay of the day on Sunday in all the majors contributing to the losses of the first morning.
