A mixed start to the day saw Bitcoin rise to an early morning intraday high $38,384.0 before hitting reverse.
Falling short of the first major resistance level at $39,218, Bitcoin slid to a late afternoon intraday low $31,230.0.
Bitcoin fell through the first major support level at $35,634 and the second major support level at $33,711.
Steering clear of the third major support level at $30,127, Bitcoin broke back through the second major support level to end the day at $34,700 levels.
The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a bearish day on Sunday.
It was also a bearish week for the majors.
Binance Coin (-53.72%), Bitcoin Cash SV (-56.77%), Chainlink (-50.68%), and Litecoin (-51.80%) led the way down.
Cardano’s ADA (-42.85%), Ethereum (-41.44%), Polkadot (-43.51%), and Ripple’s XRP (-45.30%) also saw heavy losses.
Crypto.com Coin fell by a more modest 39.60% in the week.
In the week, the crypto total market rose to a Monday high $2,162bn before sliding to a Sunday low $1,196bn. At the time of writing, the total market cap stood at $1,407bn.
Bitcoin’s dominance fell to a Wednesday low 39.66% before rising to a Sunday high 48.67%. At the time of writing, Bitcoin’s dominance stood at 46.78%.