Bitcoin, BTC to USD, was up 0.98% on Saturday. After a 2.40% loss on Friday, Bitcoin ended the day at $ 61,302.0.
A mixed start to the day caused Bitcoin to drop to a late morning intraday low of $ 59,755.0 before making a move.
Staying clear of the first major support level at $ 59,236, Bitcoin rallied to a mid-day intraday high of $ 61,764.0.
However, well below the first major resistance level at $ 62,952, Bitcoin fell back to levels below $ 61,000.
Finding late support, Bitcoin climbed back to $ 61,000 levels to end the day in positive territory.
The short-term uptrend remained intact, supporting the latest return to $ 66,000 levels. For bears, Bitcoin would need a sustained drop through the 62% FIB to $ 27,237 to form a short-term downtrend.
The rest of the pack
In the rest of the majors, Saturday was a bullish day.
Link of the chain recovered 9.58% to lead the way, with Crypto.com currency (+ 2.78%), Ethereum (+ 4.95%) and Litecoin (+ 2.84%) finding strong support.
Binance Coin (+ 1.35%), Bitcoin Cash SV (+ 1.24%), Cardano ADA (+ 0.55%), Polkadot (+ 0.04%) and Ripple XRP However, (+ 0.47%) followed the top ranked.
In the current week, the total cryptocurrency market fell to a Monday low of $ 2.386 billion before climbing to a Thursday high of $ 2.741 billion. At the time of writing, the total market capitalization was $ 2.578 billion.
Bitcoin's dominance rose to a Wednesday high of 47.72% before falling to a Saturday low of 44.75%. At the time of this writing, Bitcoin's dominance was 44.80%.
This morning
As of this writing, Bitcoin is down 0.07% to $ 61,258.0. A mixed start to the day saw Bitcoin rise to a morning high of $ 61,476.0 before dropping to a low of $ 61,208.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was an uneven start to the day.
Crypto.com Coin (+ 0.89%), Litecoin (+ 0.26%), Polkadot (+ 0.29%) and Ripple's XRP (+ 0.03%) avoided the red from the start.
However, it was a bearish start for the rest of the majors.
At the time of writing, Chainlink was down 0.37% to lead the way down.
For the Bitcoin day ahead
Bitcoin would have to avoid the $ 60,940 pivot to bring the first major resistance level into play at $ 62,126.
General market support would be needed for Bitcoin to break out of Saturday's high of $ 61,740.0.
Barring a broad-based crypto rally, the first major resistance level would likely limit the upside.
In the event of another breakout, Bitcoin could test resistance at $ 63,500 levels before any pullbacks. The second major resistance level sits at $ 62,949.
A dip through $ 60,940 would put the first major support level into play at $ 60,117.
However, barring another extended sell-off on the day, Bitcoin should stay clear of the sub $ 59,000 levels. The second major support level is located at $ 58,931.
This Article was originally published on FX Empire
