It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,541.0 before finding support.

Steering clear of the first major support level at $10,509, Bitcoin rose to a mid-morning high $10,676.0.

Bitcoin broke through the first major resistance level at $10,612 and the second major resistance level at $10,666.

A pullback through the late morning saw Bitcoin fall back through to sub-$10,600 levels going into the afternoon.

Through the 2nd half of the day, Bitcoin rallied to a late intraday high $10,713.0 before easing back to end the day at $10,680 levels.

The rally saw Bitcoin break back through the first and second major resistance levels.

The near-term bullish trend remained intact, in spite of the latest pullback to sub-$11,000 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 bullish day on Sunday.

Ripple’s XRP rallied by 6.50% to lead the way.

Binance Coin (+2.80%), Cardano’s ADA (+3.71%), and Litecoin (+2.52%) also found strong support.

Bitcoin Cash ABC (+0.73%), Bitcoin Cash SV (+1.23%), Chainlink (+1.38%), Crypto.com Coin (+0.48%), Ethereum (+1.82%), and Polkadot (+1.48%) trailed the front runners.

For the week, it was a mixed bag for the majors, however.

Binance Coin rallied by 10.44% to lead the way, with Litecoin (+1.35%) and Ripple’s XRP (+1.86%) also making gains.

It was a bearish week for the rest of the pack, however.

Chainlink led the way down, sliding by 12.95%.

Bitcoin Cash ABC (-3.71%), Bitcoin Cash SV (-5.46%), Cardano’s ADA (-4.39%), Crypto.com Coin (-4.53%), Ethereum (-1.41%), and Polkadot (+1.98%) also joined Bitcoin in the red.

In the week, the crypto total market rose to a Thursday high $344.75bn before falling to a Friday low $320.03bn. At the time of writing, the total market cap stood at $334.06bn.

Bitcoin’s dominance fell to a Thursday low 58.73% before rising to a Friday high 60.02%. At the time of writing, Bitcoin’s dominance stood at 59.31%.

(Excerpt) Read more Here | 2020-10-04 19:26:15
Image credit: source

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