A mixed start to the day saw Bitcoin rise to an early morning intraday high $49,238.0 before hitting reverse.
Falling short of the first major resistance level at $50,074, Bitcoin fell to an early afternoon intraday low $47,159.0.
Steering clear of the first major support level at $47,002, Bitcoin revisited $49,000 levels before easing back.
The near-term bullish trend remained intact in spite of latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.
Ethereum rallied by 8.05% to lead the way.
It was a bearish day for the rest of the majors, however.
In the current week, the crypto total market fell to a Monday low $1,347bn before rising to a Wednesday high $1,600bn. At the time of writing, the total market cap stood at $1,505bn.
Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Friday low 60.44%. At the time of writing, Bitcoin’s dominance stood at 60.93%.