The Price of Bitcoin increased by 2.07% on Sunday. Reversing a 0.46% fall Saturday, Bitcoin ended the week up by 0.57% to $11,730.0.
It was a bullish day. BTC rallied from an early morning intraday low $11,480.0 to a late afternoon high $11,721.0.
BTC hit the first major resistance level at $11,582 and the second major resistance level at $11,672.
Late in the day, BTC decreased to $11,620 levels before breaking back through the second major resistance level at $11,672.
The late recovery saw BTC strike an intraday high $11,730 in the final hour.
The near-term bullish trend did not change, supported by the latest move through to $12,000 levels. For the investors, Bitcoin would need to slide through the 62% Fibonacci of $6,400 to form a near-term bearish trend.
It was a bullish day on Sunday
Let’s check the other digital currencies. Etherum increased by 7.62%, while Litecon and Tron’s TRX increased by 10.45% and 8.65%, respectively.
Binance Coin jumped 2.87%, Bitcoin Cash ABC added 3.25%, Bitcoin Cash SV surged 3.32%, EOS advanced 4.20%, while Monero’s XMR and Ripple’s XRP bounced 3.86% and 3.28%, respectively.
Cardano’s ADA boosted 0.96% while Stellar’s Lumen gained 2.01%, and Tezos surged 1.13%.
In the morning, on August 31, Tezos increased by 0.73% to lead the way.
The crypto market dipped to a Thursday low $329.40 billion in the week before increasing to a Sunday high $359.74 billion. At the moment, the total market capitalization is $357.31 billion.
Bitcoin’s dominance gained to a Thursday high 62.28% before falling to a Sunday low 60.17%. At that moment, BTC’s dominance is at 60.54%.
Bitcoin would need to avoid a fall through the $11,647.
On August 31, Bitcoin was up by 0.04% to $11,735.0. A Bitcoin dipped to an early morning low $11,713.0 before striking a high $11,744.0.
