BTC to USD, slid by 3.80% on Sunday. Following a 1.79% decline on Saturday, Bitcoin ended the week up by 12.57% to $39,867.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,532.0 before hitting reverse.

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.