A bullish start to the day saw Bitcoin rally to late afternoon high $51,350.0 before hitting reverse.
Bitcoin broke through the first major resistance level at $49,679 and the second major resistance level at $50,498.
The pullback saw Bitcoin slide back to $49,700 levels before a late rally.
Finding support at the first major resistance level at $49,679, Bitcoin rallied to a final hour intraday high $51,442.0.
Bitcoin broke back through the second major resistance level at $50,498 to wrap up the week at $51,000 levels.
The near-term bullish trend remained intact supported by the return to $51,000 levels. 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 bullish day on Sunday.
For the week, it was a mixed week for the majors, however.
Cardano’s ADA slid by 14.14% to lead the way down, with Polkadot falling by 7.97% to buck the trend.
It was a bullish week for the rest of the majors.
Crypto.com Coin and Ethereum rallied by 20.78% and by 21.55% respectively to lead the way.
Binance Coin (+13.89%), Chainlink (+15.63%), Litecoin (+15.20%), and Ripple’s XRP (+11.88%) also found strong support.
Bitcoin Cash SV (+8.32%) trailed the front runners, however.
In the 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 $1,567bn.
Bitcoin’s dominance rose to a Tuesday high 62.40% before falling to a Saturday low 60.44%. At the time of writing, Bitcoin’s dominance stood at 61.13%.