After the slight recoveries on Friday, BTC has to conquer the $34,500 levels to ensure extended uptrends in the coming trading sessions.
Bitcoin
BTC-USD surged 2.81% yesterday. As a result, the leading coin reversed Thursday’s 3.04% declines, ending the day trading near $33,769.0.
Mixed trading sessions on Friday had BTC dipping to $32,237 in the early morning before registering moves.
The asset climbed to a high of $34,059.0 after conquering its first crucial support at $31,967.
BTC managed to break the first resistance at $33,843 before sliding to the sub-$33,800 zones.
Regardless of the recent plunge to $32K, BTC’s short-term bullish outlook did not fade.
BTC will necessitate an extended fall to the $27,237 and 62% Fib for bears to dominate the market for the near term.
Other Markets
Most top coins saw unpredictable moves on Friday.
Polkadot lost 0.42%, bucking its day’s trend.
However, the rest top digital assets saw bullish moves.
Crypto.com Coin led the way with a 6.68% increase. BNB with +2.23% and XRP (+2.72%) found massive support.
Others that followed with gains are LINK (+1.52%), ADA (+1.70%), ETH (+1.47%), and LTC (+1.88%).
Over the week, the overall crypto market cap rose to a high of $1.476 billion before dropping to a $1.313 billion low on Friday. While writing this, the total market cap hovers around $1.395 billion.
BTC’s market dominance declined to 44.48% on Thursday before surging to 46.09% on Friday. Today, BTC’s dominance hovers at 45.77%.
Today Morning
While writing this, BTC trades at $33,980.0 after a 0.62% rise. An unpredictable morning saw BTC falling to $33,694.0 before increasing to $34,015.0.
The leading coin did not test its crucial resistance and support levels earlier.
However, other coins had bullish sentiments in the morning.
While writing this, Chainlink led the increases by 1.21%.
BTC’s Day Ahead
BTC has to prevent the pivot $33,355 zone, to conquer the first crucial resistance zone at $34,473.
Bitcoin will require broader market support to break from Friday’s high at $34,059.0.
With a continuous rally, BTC might test the resistance around $36K levels before falling back. $35,177 forms the second vital resistance.
A decline to the $33,355 would send Bitcoin to the first vital support around $32,651.
Comment your thoughts below.
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