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Bob Mason
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Bitcoin, BTC to USD, fell by 3.55% on Saturday. Following a 6.07% slide on Friday, Bitcoin ended the day at $35,535.0.

A mixed start to the day saw Bitcoin rise to late morning intraday high $37,924.0 before hitting reverse.

Falling short of the first major resistance level at $38,884, Bitcoin slid to a late intraday low $34,822.6.

The extended sell-off saw Bitcoin fall through the first major support level at $35,195.

Finding late support, however, Bitcoin broke back through the first major support level to end the day at $35,500 levels.

The near-term bullish trend remained intact in spite of the fall back through to $35,000 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 mixed day on Saturday.

Bitcoin Cash SV bucked the trend, rising by 1.11%.

It was a bearish day for the rest of the majors, however.

Chainlink and Ripple’s XRP slid by 6.02% and by 5.02% to lead the way down.

Cardano’s ADA (-3.08%), Ethereum (-2.28%), and Litecoin (-3.14%) also struggled.

Binance Coin (-0.16%), Crypto.com Coin (-0.41%), and Polkadot (-1.45%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,450bn before rising to a Thursday high $1,774bn. At the time of writing, the total market cap stood at $1,582.

Bitcoin’s dominance rose to a Monday high 44.17% before falling to a Thursday low 41.68%. At the time of writing, Bitcoin’s dominance stood at 42.01%.

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This Morning

At the time of writing, Bitcoin was down by 0.16% to $35,477.0. A mixed start to the day saw Bitcoin rise to an early morning high $35,642.0 before falling to a low $35,461.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was also a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 2.62% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $36,094 pivot to bring the first major resistance level at $37,365 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $37,924.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000. The second major resistance level sits at $39,195.

Failure to move through the $36,094 pivot would bring the first major support level at $34,264 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000. The second major support level at $32,993 should limit the downside.

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