Bitcoin, BTC rose to USD, 1.64% on Saturday. Confirming Friday’s 7.08% rally, Bitcoin ended the day at $ 55.886.0.
With a mixed start on the day Bitcoin fell to a midday low of $ 54,010.0 before making a move.
Clearly leading the first major support level at $ 52,529, Bitcoin raised to a late high of $ 56,655.0.
Bitcoin broke through its first major defensive level at $ 56,229 before falling back to sub- $ 56,000 levels.
The near-term bullish move remained intact despite the recent pullback. For the bears, Bitcoin had to slide through the 62% FIB of $ 26,041 to create a near-term bearish move.
The rest of the pack
For the rest of the majors, Saturday was a mixed day.
ADA and Polkadot at Cardano fell 3.08% and 3.05% to the way down.
Chainlink (-2.03%), Crypto.com Coin (-0.59%), and Ripple’s XRP (-3.42%) also saw red on the day.
It was a bullish day for the rest of the majors, however.
Binance Coin raised 5.49% to lead the way.
Bitcoin Cash SV (+ 2.77%), Ethereum (+ 0.82%), and Litecoin (+ 0.23%) also entered Bitcoin in the green.
In the current week, the total crypto market rose to a high of $ 1,802bn on Monday before slipping to a low of $ 1,517bn on Thursday. At the time of writing, the total market cap stood at $ 1,707bn.
Bitcoin’s dominance rose to a 6 Wednesday high of 62.24% before falling to a 60.17% low on Friday. At the time of writing, Bitcoin’s dominance stood at 61.08%.
This morning
At the time of writing, Bitcoin went up 0.02% to $ 55,895.0. With a mixed start on the day Bitcoin fell early in the early morning low of $ 55,859.0 before rising to a high of $ 56,029.0
Bitcoin left the main levels of support and struggle unproven early.
Elsewhere, it was a mixed start to the day.
Binance Coin went up 0.12% to join Bitcoin in the green.
It was a bearish start for the rest of the majors, however.
At the time of writing, Ripple’s XRP was down 0.67% to the downside.
For the day Bitcoin onwards
Bitcoin had to avoid falling through the pivot level at $ 55,517 to introduce the first major protection level at $ 57,024.
Widespread market support for Bitcoin would be needed to break from the $ 56,655.0 high on Saturday.
Preventing an extended crypto rally, the first major level of protection and resistance at $ 57,500 is likely to turn upside down.
If an extended crypto rally occurs, Bitcoin could test a struggle at $ 60,000 before withdrawal. The second major protection level is $ 58,162.
If you don’t avoid falling through the $ 55,517 pivot that would bring in the first major support level at $ 54,379.
Prohibiting extended day trading, Bitcoin should steer clear from the second major support level at $ 52,872.