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It was a bearish start to the day. Bitcoin slipped from a morning intraday high $ 11,098.0 to an afternoon intraday low $ 10,779.0.
Bitcoin broke through the first major support level at $ 10,950 and the second major support level at $ 10,803.
Finding late support, however, Bitcoin broke through the second major support level to end the day at $ 10,930.
The short-term bullish trend has remained intact, supported by the last visit to the $ 11,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 6,400 to form a short-term bearish trend.
The rest of the pack
In the rest of the majors, it was a bearish end of the week.
Bitcoin Cash SV and Tezos led the decline, with losses of 4.78% and 4.11% respectively.
Binance Coin (-3.05%), Bitcoin Cash ABC (-3.60%) and Ethereum (-3.78%) were not far behind.
ADA of Cardano (-2.17%), EOS (-1.05%), Litecoin (-2.89%), XMR of Monero (-1.72%), XRP of Ripple (-1.79%) , Stellar’s Lumen (-2.16%) and Tron’s TRX (-2.14%) recorded relatively modest losses.
However, it’s been a mixed week for cryptocurrencies.
Bitcoin Cash ABC (+ 1.58%), Ethereum (+ 1.12%), Monero’s XMR (+ 8.00%) and Ripple’s XRP (+ 1.83%) countered the trend over the week.
It’s been a bearish week for the rest of the pack.
Binance Coin (-15.52%), Tezos (-15.40%) and TRX of Tron (-11.84%) led the decline.
Also Bitcoin Cash SV (-6.01%), Cardano’s ADA (-6.07%), EOS (-2.07%), Litecoin (-2.28%) and Stellar’s Lumen (-3.85%) they saw red.
Over the week, the total cryptocurrency market dropped to a Monday low of $ 314.21 billion before climbing to a Saturday high of $ 341.59 billion. At the time of writing, the total market capitalization was $ 330.57 billion.
Bitcoin dominance rose from a Monday low of 59.64% to a Wednesday high of 61.56%. At the time of writing, Bitcoin’s dominance was 61.25%.
