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Failing to reach the first major resistance level at $ 17,634, Bitcoin fell to a morning intraday low of $ 16,925.0.
Avoiding the first major support level at $ 16,604, Bitcoin reached an intraday high of $ 17,910.0.
Bitcoin broke through the first major resistance level at $ 17,634 to test the resistance at $ 18,000 before turning back.
The short-term bullish trend remained intact despite the latest slide to levels below $ 17,000. For bears, Bitcoin is expected to slide through the 62% FIB of $ 9,920 to form a short-term bearish trend.
The rest of the pack
For the rest of the majors, Saturday was a mixed day.
Polkadot was down 1.68% to reverse the trend later in the day.
However, it was a bullish day for the rest of the majors.
Ripple’s XRP and Cardano’s ADA rose 11.58% and 16.43% respectively to lead the way.
Also Bitcoin Cash SV (+ 3.43%), Chainlink (+ 4.81%), Crypto.com Coin (+ 5.68%), Ethereum (+ 3.67%) and Litecoin (+ 5.13%) they found strong support.
Binance Coin (+ 2.53%) saw a relatively modest gain on the day.
In the current week, total cryptocurrency market cap rose to a Tuesday high of $ 593.32 billion before slipping to Thursday’s low of $ 467.23 billion. At the time of writing, the total market capitalization was $ 522.72 billion.
Bitcoin’s dominance rose to a Monday high of 64.75% before slipping to a Tuesday low of 60.80%. At the time of writing, Bitcoin’s dominance was 62.80%.
