Last Saturday, Bitcoin rose by 0.47% following on from a 1.11% gain the previous day and ended the day at $9,332.1.

The price fell from an early morning high of $9,330.1 to a mid-morning intraday low of $9,251.5.

It later rallied to an early afternoon high of $9,429.5 after steering clear of the first major support level at $9,138.73.

Bitcoin fell back to $9300 levels after breaking through the first major resistance level at $9,386.13.

The prolonged bullish trend still remained, despite its failure to break out from the 38% FIB of $9,734. The coin continued to hold above the 62% FIB of $7,245.

The top 10 cryptos also had a mixed day on Saturday.

Bitcoin Cash ABC had the highest rise of 3.73%. Followed by Bitcoin Cash SV and Stellar Lumen recorded 1.38% and 1.27% respectively.

Whereas Binance Coin and Ripple’s XRP found support at 1.00% and 0.94% respectively, EOS rather pulled back by -0.94%.

Ethereum, the largest altcoin, Litecoin, and Tron’s TRX all ended the day flat with insignificant changes of -0.01%, +0.05% and 0.04% respectively.

The current week was also mixed, with Bitcoin Cash (+9.89%) and Stellar’s Lumen (+8.80%) taking the lead.

Binance Coin (+4.55%) and Tron’s TRX (+3.33%) also made some significant gains when it was getting to the morning.

Both Bitcoin and Bitcoin Cash SV saw red with Bitcoin Cash dropping significantly by -6.1%

Other coins which were also in red included Litecoin (-2.55%), Ripple’s XRP (-1.24%), Ethereum (-0.58%) and EOS (-0.27%)

The total market cap throughout the week rose to a high of $257.32 billion on Monday and dropped to a Thursday low of $249.98 billion.

Bitcoin’s dominance was at 67% while trading volumes moved slowly from $120 billion levels to $80 billion levels.

This morning, Bitcoin rose by 0.46% to $9,375.2. It started with an early morning low of $9,332.2 to a high of $9,400.6 then it started dropping back slowly. The major support and resistance were left untested earlier.

Meanwhile, Bitcoin Cash ABC rallied by 3.21% whereas Tron’s TRX (+1.38%) and Bitcoin Cash SV (+1.15%) found strong support earlier. Stellar’s Lumen was also down by -0.44%

In the next 24 hours, Bitcoin would need to move away from sub $9,340 levels to support another run at the first major resistance level at $9,423.90.

For Bitcoin to be able to break through to $9,400 levels, support from the broader market would be needed.

It’s very likely Bitcoin would fall back to $9,500 levels for a 5th consecutive day.

Bitcoin might see a pullback if it is unable to move away from the sub $9,340 levels.

If Bitcoin eases to sub $9,300 levels, the first major support level at $9,245.90 would be brought back to play.

In order to avoid any crypto crisis, Bitcoin should move away from the second major support level at $9,159.70

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