A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $37,381.0 before hitting reverse.
Falling short of the first major resistance level at $38,126, Bitcoin slid to a late afternoon intraday low $33,617.0.
The extended sell-off saw Bitcoin fall through the first major support level at $33,958 before briefly revisiting $35,000 levels.
A bearish end to the day, however, left Bitcoin at sub-$35,000 levels.
The near-term bullish trend remained intact in spite of the recent slide back to sub-$30,000 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 bearish day on Saturday.
Chainlink slid by 8.98% to lead the way down.
Bitcoin Cash SV (-0.14%) and Polkadot (-4.05%) saw relatively modest losses on the day.
In the current week, the crypto total market fell to a Monday low $1,369bn before rising to a Wednesday high $1,787bn. At the time of writing, the total market cap stood at $1,444bn.
Bitcoin’s dominance rose to a Monday high 47.06% before falling to a Thursday low 42.67%. At the time of writing, Bitcoin’s dominance stood at 44.39%.