Bitcoin tumbled down by 0.11% to $19,388.7 on Monday. After a mixed start of the day, the crypto soared to an early morning high $19,460.0 before dropping to a low $19,347.0.
On the other hand, Bitcoin surged forward by 1.31% on Sunday. After gaining 2.72% on Saturday, the crypto ended last week higher by 6.67% to $19,410.0.
However, it fluctuated during the day, rising to an early morning high $19,344.0 before reversing course. Bitcoin fell short of the first major resistance level at $13,395 and plummeted down to an early afternoon intraday low $18,905.0.
Nonetheless, it steered clear of the first major support level at $18,711 and afterwards skyrocketed to a final hour intraday high $19,463.0. The crypto also managed to break through the first major resistance level at $19,395, ending the day at $19,400 levels.
Thus far, the near-term bullish trend is intact as the latest recovery to $19,000 levels supports it. The crypto would need to drop through the 62% FIB of $10,095 to form a near-term bearish trend.
How did other cryptos fare?
The cryptocurrency market fluctuated on Monday. Crypto.com Coin increased by 0.47%, while Bitcoin Cash SV ended flat. However, the rest of the majors traded in the red during the session. Ripple’s XRP plunged by 1.18%, leading the way down.
On Sunday, it was a mixed day for the major digital coins as well. Binance Coin declined by 0.73%, and Cardano’s ADA tumbled down by 0.68%. Meanwhile, Crypto.com Coin lost 0.31%, and Polkadot shaved off 2.20%, ending in the red to buck the trend on the day.
On the other hand, the rest of the majors traded on the bullish territory. Ripple’s XRP skyrocketed by 6.24%, leading the way. Chainlink also surged forward by 2.67%, and Bitcoin Cash SV rallied by 1.51%, finding strong support. Furthermore, Ethereum gained 0.78%, and Litecoin added 0.52%, trailing the front runners.
Last week was mixed for the digital coins. Binance Coin lowered by 1.94%, and Cardano’s ADA lost 4.75%. Crypto.com Coin also tumbled down by 4.08%), and Polkadot collapsed by 7.31%.
Meanwhile, the rest of the majors traded in the green. Bitcoin Cash SV soared by 7.75%, and Chainlink gained 0.97%. Ethereum also added 4.34%, and Litecoin surged forward by 5.86%. Ripple’s XRP climbed up by 2.69%, joining Bitcoin in the green.
During last week, the crypto total market cap increased to a Tuesday high $589.96bn before plummeting down to a Tuesday low $525.17bn. On Monday, the total market cap stood at $562.79bn.
- Trading Instrument