Bitcoin, BTC to USD, rose by 1.87% on Saturday. Following a 4.11% rally on Friday, Bitcoin ended the day at $34,279.0.
A mixed start to the day saw Bitcoin fall to an early morning intraday low $33,422.0 before making a move. Steering clear of the first major support level at $32,572, Bitcoin rallied to a late afternoon intraday high $34,527.0. Bitcoin broke through the first major resistance level at $34,177 before a pullback to $33,700 levels. Late in the day, however, Bitcoin broke back through the first major resistance level to end the day at $ $34,200 levels.
The near-term bullish trend remained intact, in spite of the latest return to $29,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend. In the current week, the crypto total market fell to a Tuesday low $1,154bn before rising to a Saturday high $1,410bn. At the time of writing, the total market cap stood at $1,371bn.
Bitcoin’s dominance rose to a Tuesday high 47.63% before falling to a Thursday low 45.91%. At the time of writing, Bitcoin’s dominance stood at 46.48%.
