Steering clear of the first major support level at $37,993, Bitcoin rallied to a late morning intraday high $39,725.7.
Falling short of the first major resistance level at $40,688, Bitcoin slid back to $37,500 levels before finding late support.
Late in the day, Bitcoin moved back through to $39,000 levels before easing back.
The near-term bullish trend remained intact, supported by the latest revisit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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 rallied by 4.30% to buck the trend on the day.
It was a bearish day for the rest of the majors, however.
Binance Coin and Crypto.com Coin slid by 6.15% and by 7.66% to lead the way down.
Ethereum (-3.84%), and Litecoin (-3.22%), Polkadot (-2.16%), and Ripple’s XRP (-5.48%) also saw relatively heavy losses.
Bitcoin Cash SV (-0.51%) and Chainlink (-1.02%) saw relatively modest losses on the day.
For the week, it was also a mixed bag for the majors.
Ripple’s XRP slid by 15.35% to buck the trend in the week.
It was a bullish week for the rest of the majors, however.
Cardano’s ADA surged by 92.04% to lead the way, with Binance Coin rallying by 54.34%.
Ethereum (+22.94%) and Litecoin (+16.46%) also found strong support
Bitcoin Cash (+5.30%), Chainlink (+9.63%), Crypto.com Coin (+4.05%), and Polkadot (+4.38%) trailed the front runners in the week.
In the week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Saturday high $1,256.34bn. At the time of writing, the total market cap stood at $1,167.89bn.
Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 61.92%.
