Bitcoin, BTC to USD, rose 6.82% on Saturday. Reverting a 1.00% loss on Friday, Bitcoin ended the day at $ 61,202.9.
A mixed start to the day saw Bitcoin drop to an intraday low of $ 56,130.0 before making a move.
Avoiding the first major support level of $ 55,600, Bitcoin rose to an intraday high at the end of the day and a further fluctuation of $ 61,693.0.
Bitcoin broke through the first main resistance level at $ 58,576 and the second main resistance level at $ 59,856.
Reaching less than $ 62,000, Bitcoin dropped to less than $ 61,000 before ending the day at $ 61,200 levels.
The short-term uptrend remained intact, supported by Saturday’s new fluctuation of $ 61,693.0. For bears, Bitcoin would need to slide through the 62% FIB of $ 26,039 to form a short-term bearish trend.
The rest of the package
In the rest of the main ones, it was a mixed day on Saturday.
Polkadot fell 3.44% to counter the trend at the beginning.
It was a high day for the rest of the majors, however.
Bitcoin Cash SV rose 16.62% to lead, with Ethereum up 8.76%.
It was a low day for the rest of the majors.
Binance Coin (+ 4.87%), Cardano’s ADA (+ 6.44%) and Chainlink (+ 4.85%) and Ripple’s XRP (+ 4.52%) also found strong support.
Crypto.com Coin (+ 0.45%) and Litecoin (+ 2.38%) were behind the favorites on the day.
In the current week, the total crypto market has dropped to $ 1,508 billion, Monday’s low, before rising to $ 1,860 billion on Saturday. At the time of this writing, the total market capitalization was $ 1.818 billion.
Bitcoin’s dominance fell to a low of Tuesday, 60.13%, before rising to a high of Friday, 63.23%. At the time of this writing, Bitcoin’s dominance was 62.85%.
This morning
At the time of this writing, Bitcoin was up 0.06% to $ 61,237.0. A mixed start to the day saw Bitcoin drop to $ 60,963.0, before rising to $ 61,339.9.
Bitcoin left the main support and resistance levels untested in the beginning.
Elsewhere, it was a mixed start to the day.
Cardano’s ADA fell 0.18% to counter the trend at the beginning.
It was an optimistic start for the rest of the major ones, however.
At the time of this writing, the Crypto.com currency has risen 2.68% to lead.
For the next day of Bitcoin
Bitcoin would need to avoid a $ 59,675 pivot level drop to bring the first major resistance level at $ 63,221 into play.
Broader market support would be needed for Bitcoin to overcome Saturday’s new $ 61,693.0 fluctuation.
Except for an extended crypto rally, the first main resistance level would likely limit any positive side.
In the case of an extended crypto rally, Bitcoin could test the resistance at $ 65,000. The second highest resistance level is at $ 65,238.
Failure to prevent a fall through the $ 59,675 pivot would bring the first main support level of $ 57,658 into play.
Except for a prolonged settlement on the day, Bitcoin is expected to maintain levels below $ 57,000. The second level of main support is $ 54,112.
This article was originally posted on FX Empire