Falling well short of the first major resistance level at $49,113, Bitcoin slid to a late morning intraday low $45,935.0.
Steering clear of the first major support level at $45,412, Bitcoin revisited $47,400 levels before easing back.
The near-term bullish trend remained intact, supported by the latest return to $48,000 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.
Ripple’s XRP surged by 17.57% to lead the way.
It was a bearish day for the rest of the major, however, with Ethereum (-1.74%) leading the way down.
In the current week, the crypto total market fell to a Monday low $1,696bn before rising to a Saturday high $2,022bn. At the time of writing, the total market cap stood at $1,978bn.
Bitcoin’s dominance rose to a Monday high 47.44% before falling to a Saturday low 44.74%. At the time of writing, Bitcoin’s dominance stood at 44.82%.