After a range-bound start to the day, Bitcoin rose to a late morning high $49,469.0 before hitting reverse.
Falling short of the first major resistance level at $49,677, Bitcoin fell to a mid-afternoon intraday low $48,086.0.
Bitcoin fell through the first major support level at $46,108 before a late rally to an intraday high $49,488.0.
Continuing to fall short of the first major resistance level, Bitcoin eased back to end the day at sub-$49,300 levels.
The near-term bullish trend remained intact, supported by the latest return to $49,000 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.
It was a bullish day for the rest of the majors.
Cardano’s ADA rallied by 11.10% to lead the way.
For the week ending 22nd August, it was also a mixed week for the majors.
Cardano’s ADA jumped by 24.87% to lead the way, with Polkadot rallying by 14.06%.
Binance Coin (+8.32%), Chainlink (+0.47%), and Crypto.com Coin (+3.19%) also joined Bitcoin in the green.
It was a bearish week for the rest of the majors, however.
Bitcoin Cash (-2.06%), Ethereum (-2.10%), Litecoin (-0.65%), and Ripple’s XRP (-4.55%) ended the week in the red.
In the week, the crypto total market fell to a Wednesday low $1,832bn before rising to a Saturday high $2,124bn. At the time of writing, the total market cap stood at $2,082bn.
Bitcoin’s dominance fell to a Tuesday low 43.67% before rising to a Wednesday high 45.35%. At the time of writing, Bitcoin’s dominance stood at 44.56%.