On a bullish start to the day, Bitcoin rose to an early morning intraday high of $ 58,326.0 before hitting reverse.
Bitcoin trailed the first major resistance level at $ 59,260, falling to an afternoon intraday low of $ 57,000.0.
Bitcoin stayed away from the first major tier of support at $ 54,534 and revised another $ 57,900 before it wore off.
The short-term uptrend remained intact, helped by a return to $ 58,000. For the bears, Bitcoin would have to slide through the 62% FIB of $ 27,237 to form a short-term bearish trend.
The rest of the pack
For the other majors it was a mixed day on Saturday.
Binance Coin (-0.43%), Cardano’s ADA (-0.13%) and Crypto.com Coin (-2.35%) saw red to buck the trend of the day.
For the rest of the majors, however, it was a bullish day.
Bitcoin Cash SV gained 12.35% to take the lead, with Chainlink and Ethereum posting gains of 8.13% and 6.20%, respectively.
Litecoin (+ 1.99%), Polkadot (+ 0.89%) and Ripple’s XRP (+ 3.31%) also avoided the red.
This week, the overall crypto market fell to a Monday low of $ 1,778 billion before rising to a Saturday high of $ 2,229 billion. At the time of writing, its total market cap was $ 2.188 billion.
Bitcoin’s dominance rose to a Monday high of 51.73% before falling to a Saturday low of 49.10%. At the time of writing, Bitcoin was dominant at 49.24%.