Bitcoin leads the way for the current week as some of the majors struggle. While dominant, it’s not been the most impressive of weeks for the Bitcoin bulls.
While the Bitcoin bulls continued to maintain control, its been another mixed week for the rest of the pack.
Bitcoin rose by 2.56% on Saturday. Reversing a 1.42% fall from Friday, Bitcoin ended the day at $11,281.
On the day, a bullish start to the morning saw Bitcoin rally from an intraday low $10,961 to a morning high $11,594 before easing back.
The early rally saw Bitcoin break through the 23.6% FIB of $11,275 and first major resistance level at $11,378.
Following a relatively range-bound late morning, Bitcoin rallied to a late afternoon intraday high $11,720.
Falling short of the second major resistance level at $11,753, slid back through the 23.6% FIB to a 2nd half of a day low $11,066.
For the bulls, steering clear of sub-$11,000 levels was key late in the day, supporting a move back through the 23.6% FIB to $11,280 levels.
For the current week, Bitcoin was up by 4.45%, which was also supported by 2.29% and 10.09% gains