Falling well short of the first major resistance level at $48,172, Bitcoin slid to an early afternoon intraday low $45,471.0.
Bitcoin fell through the first major support level at $45,966 before briefly revisiting $47,200 levels late in the day.
The near-term bullish trend remained intact, supported by the latest return to $48,000 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 mixed day on Sunday.
Cardano’s ADA fell by 0.95% to join Bitcoin in the red.
It was a bullish day for the rest of the majors, however.
Chainlink rose by 2.69% to lead the way.
While it was a mixed end to the week, it was a bullish week for the majors.
Ripple’s XRP surged by 64.95% to lead the way, with Cardano’s ADA ending the week up by 52.04%.
Binance Coin (+21.15%), Chainlink (+21.08%) and Litecoin (+23.27%) also found strong support.
Bitcoin Cash SV (+16.49%), Crypto.Com Coin (+9.20%), Ethereum (+9.85%), and Polkadot (+9.85%) trailed the front runners, however.
For the week, the crypto total market fell to a Monday low $1,696bn before rising to a Saturday high $2,022bn. At the time of writing, the total market cap stood at $1,999.5bn.
Bitcoin’s dominance rose to a Monday high 47.44% before falling to a Sunday low 44.12%. At the time of writing, Bitcoin’s dominance stood at 44.32%.