It was a mixed start to the day. Bitcoin rose to an early morning intraday high $13,892.0 before hitting reverse.
Falling short of the first major resistance level at $14,087, Bitcoin fell to an early morning intraday low $13,611.0.
Steering clear of the first major support level at $13,457, Bitcoin revisited $13,800 levels before easing back into the red.
The near-term bullish trend remained intact, supported by the latest move through to $14,000 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 Sunday.
Bitcoin Cash SV (-0.33%) and Litecoin (-0.23%) joined Bitcoin in the red, with Binance Coin ending the day flat.
It was a bullish day for the rest of the majors, however.
Cardano’s ADA led the way, rallying by 5.49%.
Bitcoin Cash ABC (+2.15%), Chainlink (+3.28%), Crypto.com Coin (+1.06%), and Ethereum (+2.63%) also found strong support.
Polkadot (+0.99%) and Ripple’s XRP (+0.14%) trailed the front runners, however.
For the week, it was a bearish week for the majors.
Crypto.com Coin led the way down, sliding by 13.55%.
Bitcoin Cash SV (-9.18%), Cardano’s ADA (-7.67%), and Polkadot (-7.53%) also saw heavy losses.
Binance Coin (-5.41%), Bitcoin Cash ABC (-1.35%), Chainlink (-4.55%), Ethereum (-2.32%), Litecoin (-5.49%), and Ripple’s XRP (-5.21%) saw relatively modest losses in the week.
For the week, the crypto total market cap fell to a Wednesday low $377.68bn before striking a Saturday high $605.88bn. At the time of writing, the total market cap stood at $400.16bn.
Bitcoin’s dominance slid to a Saturday low 43.12% before bouncing back to a Sunday high 64.19%. At the time of writing, Bitcoin’s dominance stood at 63.3%.
Read More: The Crypto Daily – Movers and Shakers – November 2nd, 2020