Bitcoin broke through the first major resistance level at $42,208 before sliding to a late intraday low $39,493.0.
The extended sell off saw Bitcoin fall through the first major support level at $40,811 and the second major support level at $40,282.
Bitcoin also fell through the 38.2% FIB of $41,592 to end the day at sub-$40,000.
The near-term bullish trend remained intact, supported by the latest return to $42,000 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 Sunday.
It was a bullish day for the rest of the majors, however.
Polkadot led the way once more, surging by 14.20%.
Binance Coin ended the day flat.
It was a bullish week for the majors, however.
Chainlink surged by 31.86% to lead the way.
Crypto.com Coin (+12.68%), Ethereum (+16.53%), Polkadot (+18.94%), and Ripple’s XRP (+19.54%) also found strong support.
Binance Coin (+9.82%), Bitcoin Cash SV (+4.70%), Cardano’s ADA (+6.92%), and Litecoin (+9.81%) trailed the front runners, however.
In the week, the crypto total market fell to a Monday low $1,379bn before rising to a Sunday high $1,686bn. At the time of writing, the total market cap stood at $1,587bn.
Bitcoin’s dominance fell to a Monday low 47.07% before rising to a Saturday high 49.18%. At the time of writing, Bitcoin’s dominance stood at 47.33%.