A mixed start to the day saw Bitcoin rise to an early morning high and a new swing hi $56,444.0 before hitting reverse.
Falling short of the first major resistance level at $57,887, Bitcoin fell to a late morning low $55,050.0.
Steering well clear of the first major support levels, Bitcoin struck a mid-day intraday high and a new swing hi $57,485.0 before sliding back into the red.
The late sell off saw Bitcoin slide to an intraday low $54,000.0 before wrapping up the day at $55,700 levels.
In spite of the reversal, Bitcoin continued to steer well clear of the first major support level at $52,300.
The near-term bullish trend remained intact, supported by the Saturday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $24,431 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.
Cardano’s ADA and Polkadot rallied by 20.42% and by 11.81% respectively to lead the way.
Crypto.com Coin (+7.88%) also found strong support to buck the trend on the day.
It was a bearish day for the rest of the majors, however.
In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Saturday high $1,778.34bn. At the time of writing, the total market cap stood at $1,657.19bn.
Bitcoin’s dominance fell to a Friday low 59.92% before rising to a Saturday high 63.52%. At the time of writing, Bitcoin’s dominance stood at 62.53%.