After mixed start to the day, Bitcoin rose to a late morning intraday high $50,544 before hitting reverse.
While falling short of the first major resistance level at $51,318, Bitcoin broke back through the 23.6% FIB of $50,473.
The reversal, however, saw Bitcoin fall to a late afternoon intraday low $49,401.0.
Steering clear of the first major support level at $48,501, Bitcoin revisited $50,200 levels before easing back into the red.
The near-term bullish trend remained intact, supported by the latest return to $51,000 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 Saturday
It was a bearish day for the rest of the majors, however.
Cardano’s ADA slid by 4.53% to lead the way down.
In the current the week, the crypto total market fell to a Monday low $1,996bn before rising to a Saturday high $2,334bn. At the time of writing, the total market cap stood at $2,266bn.
Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Saturday low 40.74%. At the time of writing, Bitcoin’s dominance stood at 41.36%.