Bitcoin, BTC to USD, rose by 2.40% on Sunday. Following on from a 1.63% gain on Saturday, Bitcoin ended the week up by 7.77% to $9,948.4.
It was another mixed start to the day. Bitcoin slipped to an early morning intraday low $9,674.8 before rallying to a late morning intraday high $10,190.0.
Bitcoin broke through the day’s major resistance levels before falling back to sub-$9,900 levels.
The pullback saw Bitcoin fall back through the third major resistance level at $10,073 and the second major resistance level at $9,874.
Finding late support, however, Bitcoin broke back through the second major resistance level to end the day at $9,900 levels.
Resistance at $10,000 pinned Bitcoin back through the 2nd half of the day.
The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 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.
Monero’s XMR rallied by 6.16% to lead the way.
Cardano’s ADA (+3.43%), Ethereum (+1.90%), and Ripple’s XRP (+0.28%) also joined Bitcoin in the green.
It was a bearish day for the rest of the majors, however.
Bitcoin Cash SV (-2.93%), Litecoin (-2.21%), and Tezos (-2.22%) led the way down.
Binance Coin (-1.31%), Bitcoin Cash ABC (-1.29%), EOS (-0.60%), Stellar’s Lumen (-1.42%), and Tron’s TRX (-0.99%) also struggled.
It was also a mixed week for the majors.
Stellar’s Lumen fell by 0.99% to buck the trend for the week.
It was a bullish week for the rest of the majors, however, with Ethereum surging by 30.13% to lead the way.
Bitcoin Cash ABC (+11.20%), Cardano’s ADA (+19.80%), Litecoin (+12.77%), and Monero’s XMR (+13.35%) also found strong support.
Binance Coin (+8.66%), Bitcoin Cash SV (+9.46%), EOS (+4.88%), Ripple’s XPR (+7.80%), Tezos (+0.18%), and Tron’s TRX (+5.73%) trailed the front runners.
In the week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Sunday high $305.28bn. At the time of writing, the total market cap stood at $295.57bn.
Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Sunday low 61.62%. At the time of writing, Bitcoin’s dominance stood at 62.40%.
At the time of writing, Bitcoin was up by 0.55% to $10,003.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,944.9 before striking a high $10,007.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
At the time of writing, Binance Coin and Tezos bucked the trend, with losses of 0.77% and 1.30% respectively.
It was a bullish start for the rest of the majors.
Ethereum was up by 1.79% to lead the way early on.
For the Bitcoin Day Ahead
Bitcoin would need to avoid a fall through the $9,938 pivot to support a run at the first major resistance level at $10,201.
Support from the broader market would be needed, however, for Bitcoin to break back through to $10,100 levels.
Barring another extended crypto rally, the first major resistance level and Sunday’s high $10,190 would likely cap any upside.
In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,453.
Failure to avoid a fall through the $9,938 pivot level would bring the first major support level at $9,686 into play.
Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,423.
This article was originally posted on FX Empire