A mixed start to the day saw Bitcoin fall to an early morning intraday low $49,470.0 before making a move.
Steering clear of the first major support level at $49,352, Bitcoin rallied to a late intraday high $51,900.0.
Bitcoin broke through the first major resistance level at $50,495 and the second major resistance level at $51,091.
The breakout also saw Bitcoin break back through the 23.6% FIB of $50,473 to end the day at $51,700 levels.
The near-term bullish trend remained intact, supported by the latest return to $51,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a bullish day on Sunday
Chainlink led the way, surging by 12.51%, with Litecoin rallying by 9.49%.
Bitcoin Cash SV (+3.48%), Cardano’s ADA (+2.84%), Crypto.com Coin (+5.53%), Polkadot (+2.51%), and Ripple’s XRP (+4.11%) also found strong support.
Binance Coin (+1.44%) and Ethereum (+1.66%) trailed the front runners, however.
It was also a bullish week for the crypto majors.
Chainlink (+30.44%), Ethereum (+22.49%), Litecoin (+33.14%), and Polkadot (+26.20%) led the way.
Bitcoin Cash SV (+13.65%), Crypto.com Coin (+14.93%), and Ripple’s XRP (+14.50%) also found strong support.
Binance Coin (+5.17%) and Cardano’s ADA (+2.14%) saw modest gains, however.
In the week, the crypto total market fell to a Monday low $1,996bn before rising to a Sunday high $2,390bn. At the time of writing, the total market cap stood at $2,342bn.
Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Sunday low 40.85%. At the time of writing, Bitcoin’s dominance stood at 41.50%.
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