Bitcoin tumbled down by 0.06% to $38,813.0 on Monday. After a mixed start of the day, the crypto stumbled down to an early morning low of $38,744.0 before hitting a high of $39,150.0. It also left the major support and resistance levels untested thus far.
On Sunday, Bitcoin declined, as well, partially reversing a 2.54% gain from Saturday. Despite that, it still ended the week higher by 17.27% to $38,837.0. After a mixed start of the day, the crypto plummeted down to a mid-morning low of $38,032.0 before moving.
It also steered clear of the first major support level at $37,993 and skyrocketed to a late morning intraday high of $39,725.7. However, Bitcoin fell short of the first major resistance level at $40,688 and plunged back to $37,500 levels before managing to find late support. Bitcoin rebounded to $39,000 levels at the end of the session, but it lowered again soon.
Thus far, the near-term bullish trend remained intact as the latest revisit to $40,000 levels supported it. The crypto would need to fall through the 62% FIB of $18,504 to form a near-term bearish trend.
Meanwhile, Bitcoin’s dominance jumped to a Monday high of 64.11% before tumbling to a Friday low of 60.27%. On Monday, Bitcoin’s dominance sat at 61.92%.
How did other major digital coins fare?
The crypto market fluctuated on Monday. Chainlink declined by 0.51%, while Ethereum lost 0.15%, and Polkadot lowered by 0.32%, joining Bitcoin in the red. However, it was a bullish session for the rest of the majors. Crypto.com Coin surged forward by 1.93%, leading the way.
Sunday’s session was mixed for the major digital coins, as well. Cardano’s ADA skyrocketed by 4.30%, bucking the trend on the day. Meanwhile, the rest of the majors traded on the bearish territory.
Binance Coin and Crypto.com Coin plummeted down by 6.15% and by 7.66%, respectively, leading the way down.
Ethereum declined by 3.84%, and Litecoin shaved off 3.22%. Furthermore, Polkadot tumbled down by 2.16%, and Ripple’s XRP plunged by 5.48%, all of them ending with relatively heavy losses.
Bitcoin Cash SV lowered by 0.51%, and Chainlink slid by 1.02%, ending with relatively modest losses on the day.
During the last week, Ripple’s XRP collapsed by 15.35%. However, it was a bullish week for the rest of the cryptos. Cardano’s ADA skyrocketed by 92.04%, with Binance Coin surging forward by 54.34%.
Ethereum soared by 22.94% overall, while Litecoin gained 16.46%. Bitcoin Cash jumped by 5.30%, and Chainlink added 9.63%. Furthermore, Crypto.com Coin increased by 4.05%, and Polkadot rose by 4.38%.
- Trading Instrument