It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.
Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.
Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.
The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.
The near-term bullish trend remained intact, supported by the latest move 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 a mixed day on Wednesday.
Cardano’s ADA slid by 6.46% to lead the way down.
Bitcoin Cash SV (-2.54%), Monero’s XMR (-2.76%), and Stellar’s Lumen (-2.36%) also saw relatively heavy losses.
Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Tron’s TRX (-0.12%) saw more modest losses on the day.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP rallied by 5.57% to lead the way.
EOS (+0.79%) and Ethereum (+0.20%) also found support.
In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.
Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.14.