A mixed start to the day saw Bitcoin slip to an early morning intraday low $47,030.0 before making a move.
Steering clear of the first major support level at $46,218, Bitcoin rallied to a mid-day intraday high and a new swing hi $49,659.0.
Bitcoin broke through the first major resistance level at $48,172 and the second major resistance level at $49,168.
A bearish end to the day, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$49,000.
The near-term bullish trend remained intact, supported by the Sunday’s new swing hi $49,659.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,442 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Sunday.
It was a bearish day for the rest of the majors, however.
Ethereum saw relatively modest 0.77% loss, however.
For the week, it was a bullish week for the crypto majors, however.
Binance Coin surged by 98.52% to lead the way.
Bitcoin Cash SV (+43.58%), Cardano’s ADA (+27.43%), Chainlink (+34.02%), Crypto.com Coin (+40.20%), Litecoin