A mixed start to the day saw Bitcoin rise to an early morning intraday high $58,584.0 before hitting reverse.
Falling short of the first major resistance level at $59,453, Bitcoin slide to a late morning intraday low $55,357.0.
The reversal saw Bitcoin fall through the first major support level at $57,253 and the second major resistance level at $56,426.
Steering clear of sub-$55,000 support levels, Bitcoin revisited $58,000 levels before a fall back to sub-$58,000 levels.
The first major support level at $57,253 limited the downside late in the day.
The near-term bullish trend remained intact in spite of last week’s pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 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.
Binance Coin rose 0.15% to buck the trend.
It was a bearish day for the rest of the majors, however.
Crypto.com Coin slid by 4.76% to lead the way down, with Litecoin falling by 2.31%.
Bitcoin Cash SV (-1.12%), Cardano’s ADA (-1.21%), Chainlink (-1.34%), and Ethereum (-1.22%), and Ripple’s XRP (-1.73%) weren’t far behind.
Polkadot (-0.12%) saw relatively modest loss on the day, however.
For the week, it was also a mixed bag.
Crypto.com Coin and Ripple’s XRP jumped by 17.41% and by 17.77% respectively to lead the way, with Cardano’s ADA rallying by 12.58%.
Binance Coin (+0.52%), Bitcoin Cash SV (+2.81%), Chainlink (+2.36%), and Polkadot (+3.60%) also ended the week in the green.
Ethereum (-3.49%), and Litecoin (-8.64%) bucked the trend, however, to join Bitcoin in the red.
In the week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Saturday high $1,840bn. At the time of writing, the total market cap stood at $1,739bn.
Bitcoin’s dominance rose to a Monday high 63.03% before falling to a Saturday low 60.83%. At the time of writing, Bitcoin’s dominance stood at 61.40%.