A mixed start to the day saw Bitcoin fall to an early morning intraday low $38,205.0 before making a move.
Steering clear of the first major support level at $37,099, Bitcoin rallied to a late afternoon intraday high $40,985.0.
Bitcoin broke through the first major resistance level at $38,894 and the second major resistance level at $39,527.
Falling short of the third major resistance level at $41,321 and the swing hi $41,969 Bitcoin fell back to end the day at sub-$40,000.
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 Saturday.
Cardano’s ADA surged by 18.32% to lead the way.
It was a bearish day for the rest of the majors, however.
Chainlink and Polkadot slid by 4.93% and by 4.49% respectively to lead the way down.
In the current 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 $1,158.73bn.
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 62.19%.