Bitcoin, BTC to USD, rose by 0.42% on Saturday. Partially reversing a 1.46% fall from Friday, Bitcoin ended the day at $31,560.0.
A mixed start to the day saw Bitcoin fall to an early morning intraday low $31,210.0 before making a move. Steering clear of the first major support level at $30,891, however, Bitcoin rallied to a late morning intraday high $32,000.0. Falling short of the first major resistance level at $32,118, Bitcoin fell back to $31,300 levels and into the red.Finding support through the 2nd half of the day, however, Bitcoin revisited $31,900 levels before easing back.
The near-term bullish trend remained intact, in spite of the latest return to $31,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend. Across the rest of the majors, it was a mixed day on Saturday. Crypto.com Coin and Polkadot rose by 1.89% and by 1.73% respectively to lead the way. Chainlink (+0.59%), Cardano’s ADA (+0.10%), and Ethereum (+1.20%) also joined Bitcoin in positive territory.
