A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,986.9 before hitting reverse.
Falling short of the first major resistance level at $45,095, Bitcoin slid to a late morning intraday low $41,728.0.
Steering clear of the 38.2% FIB of $41,592 and the first major support level at $40,686, Bitcoin revisited $42,900 levels before easing back into the red.
The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.
It was a bearish day for the rest of the majors, however.
Polkadot fell by 2.84% to lead the way down.
In the current week, the crypto total market rose to a Monday high $2,136bn before sliding to a Tuesday low $1,744bn. At the time of writing, the total market cap stood at $1,910bn.
Bitcoin’s dominance rose to a Monday high 42.97% before falling to a Friday low 40.99%. At the time of writing, Bitcoin’s dominance stood at 41.91%.