Bitcoin surged forward by 1.39% to $18,449.0 on Monday. After starting the day on the bullish territory, Bitcoin skyrocketed from an early morning low $18,196.0 to a high $18,481.0. However, the crypto hasn’t tested the major support and resistance levels thus far.
On Sunday, Bitcoin rallied by 2.54%. Despite that, after gaining 3.35% on Saturday, the crypto ended the week lower by 1.05% to $18,196. It fluctuated during Sunday’s session, tumbling down to an early morning low $17,556.0 before moving.
Furthermore, Bitcoin steered clear of the first major support level at $17,144, and it rallied to a late intraday high $18.344.0. The crypto also managed to break through the first major resistance level at $18,129. However, a late pullback caused it to fall back through the first major resistance level before ending the day at $18,190 levels.
So far, the near-term bullish trend is intact, despite the latest drop back to sub-$17,000 levels. The crypto would need to plunge through the 62% FIB of $9,920 to form a near-term bearish trend.
Bitcoin’s dominance dropped down from a Monday high 62.80% to a low of 62.41%. At last, Bitcoin’s dominance sat at 62.64%.
How did the other major digital coins fare?
Crypto market fluctuated on Monday. Polkadot tumbled down by 1.09%, bucking the trend early on. However, the rest of the majors traded on the bullish territory. Ripple’s XRP rallied by 4.37%, leading the way.
Major crypto traded on the mixed territory on Sunday, as well. Ripple’s XRP plummeted down by 3.36%. But others ended in the green during the session. Litecoin skyrocketed by 8.58%, leading the way.
Binance Coin soared by 3.14%, and Ethereum surged forward by 7.21%. Meanwhile, Polkadot climbed up by 3.53%, also finding strong support.
Bitcoin Cash SV edged up by 0.30%, with Cardano’s ADA adding 0.89%, and Chainlink increasing by 2.22%. Furthermore, Crypto.com Coin jumped by 1.54%, also adding relatively modest gains on the day.
During last week, Bitcoin Cash SV plummeted down by 5.83%, though. Chainlink lost 7.77%, and Crypto.com Coin shaved off 6.11%. Litecoin tumbled down by 4.76%, and Polkadot declined by 4.63%, joining Bitcoin in the red.
On the other hand, the rest of the majors traded in the green over the last week. Ripple’s XRP rallied by 35.79%, leading the way. Cardano’s ADA also surged forward by 14.13%. Binance Coin climbed up by 0.18%, while Ethereum increased by 2.85%, trailing the front runners.
On Monday, the crypto total market cap soared from a Monday low $538.06bn to a Monday high $547.50bn. The total market cap sat at $547.21bn at last.
- Trading Instrument