A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,929.0 before hitting reverse.
Falling short of the first major resistance level at $37,980, Bitcoin fell to an early morning intraday low $32,827.0.
While steering clear of the first major support level at $31,256, Bitcoin fell through the 23.6% FIB of $33,008.
Finding support through the rest of the day, Bitcoin broke back through the 23.6% FIB to revisit $34,800 levels before easing back.
The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.
Crypto.com Coin (-6.77%), Litecoin (-0.94%), and Polkadot (-1.59%) saw red to buck the trend.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP surged by 56.84% to lead the day.
Binance Coin (+4.64%), Cardano’s ADA (+4.95%), and Chainlink (+3.91%) also found strong support.
Bitcoin Cash SV (+0.57%) trailed the front runners, with Ethereum ending the day flat.
In the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $1,005.74bn.
Bitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 63.40%.