It’s a mixed start to the week for the crypto majors. A Bitcoin fall back to sub-$35,000 levels would send the broader market into the deep red.
A mixed start to the day saw Bitcoin rise to a mid-morning high $35,983.0 before hitting reverse.
Falling short of the major resistance levels, Bitcoin slid to midday intraday low $33,411.0.
Bitcoin fell through the first major support level at $34,777 and the second major support level at $33,984.
Finding afternoon support, however, Bitcoin rallied to a late intraday high $36,226.4.
Falling short of the first major resistance level at $36,405, Bitcoin slipped back to end the day at sub-$36,000 levels.
The near-term bullish trend remained intact in spite of the latest slide back to $33,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
It was also a mixed week for the majors, in the week ending 20th June.
Polkadot bucked the trend in the week, rising by 2.62%.
It was a bearish week for the rest of the majors, however, which joined Bitcoin in the red.
Ripple’s XRP slid by 12.32% to lead the way down, with Ethereum and Litecoin falling by 10.65% and by 9.44% respectively.
Binance Coin (-7.35%), Bitcoin Cash SV (-8.95%), Cardano’s ADA (-8.41%), Chainlink (-7.26%), and Crypto.com Coin (-7.62%) also struggled, however.
In the week, the crypto total market rose to a Tuesday high $1,708bn before falling to a Sunday low $1,367bn. At the time of writing, the total market cap stood at $1,462bn.
Bitcoin’s dominance rose to a Wednesday high 46.26% before falling to a Sunday low 45.04%. At the time of writing, Bitcoin’s dominance stood at 45.25%.