It was a bearish start to the day. Bitcoin fell to an early morning intraday low $10,682.0 before making a move.
Steering clear of the first major support level at $10,647, Bitcoin rallied to a late afternoon intraday high $11,105.0.
Bitcoin broke through the first major resistance level at $10,946 and the second major resistance level at $11,094.
A late pullback, however, saw Bitcoin fall back through the second major resistance level to wrap up the day at sub-$11,000 levels.
The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was another mixed day on Wednesday.
Binance Coin (+2.73%), EOS (+0.30%), Ethereum (+0.32%), Ripple’s XRP (+1.66%), and Stellar’s Lumen (+2.71%) joined Bitcoin in the green.
It was a bearish day for the rest of the majors, however.
Tron’s TRX and Monero’s XMR led the way down, with losses of 3.19% and 5.15% respectively.
Bitcoin Cash ABC (-0.55%), Bitcoin Cash SV (-2.93%), Cardano’s ADA (-1.63%), Litecoin (-1.20%), and Tezos (-1.21%) also struggled.
In the current week, the crypto total market fell to a Monday low $314.21bn before rising to a Tuesday high $337.85bn. At the time of writing, the total market cap stood at $335.17bn.
Bitcoin’s dominance rose from a Monday low 59.64% to a Wednesday high 61.56%. At the time of writing, Bitcoin’s dominance stood at 60.87%.
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