Bitcoin, BTC to USD, fell by 4.55% on Monday. Reversing a 1.69% gain from Sunday, Bitcoin ended the day at $33,672.4.
A mixed start to the day saw Bitcoin rise to an early morning intraday high $35,280.0 before hitting reverse.
Falling short of the first major resistance level at $36,025, Bitcoin slid to a late afternoon intraday low $33,126.0.
Bitcoin fell through the first major support level at $34,451 and the second major support level at $33,627.
Steering clear of sub-$33,000 levels, however, Bitcoin broke back through the second major support level to visit $34,000 levels before ending the day at $33,600 levels.
The near-term bullish trend remained intact, supported by the latest recent back to $36,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
Across the rest of the majors, it was a bearish start to the week.
Binance Coin (-1.84%) and Polkadot (-0.27%) saw relatively modest losses on the day.
Early in the week, the crypto total market fell from a Monday high $1,449bn to a Monday low $1,366bn. At the time of writing, the total market cap stood at $1,399bn.
Bitcoin’s dominance rose to a Monday high 45.66% before falling to a Monday low 45.26%. At the time of writing, Bitcoin’s dominance stood at 45.51%.
At the time of writing, Bitcoin was up by 0.73% to $33,917.0. A mixed start to the day saw Bitcoin fall to an early morning low $33,625.0 before rising to a high $34,082.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a bullish start to the day.
At the time of writing, Crypto.com Coin was up by 10.49% to lead the way.
Bitcoin would need to move back through the $34,026 pivot to bring the first major resistance level at $34,926 into play.
Support from the broader market would be needed for Bitcoin to break out from $34,500 levels.
Barring a broad-based crypto rebound, the first major resistance level and Monday’s high $35,280.0 would likely cap any upside.
In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 levels before any pullback. The second major resistance level sits at $36,180.
Failure to move back through the $34,026 pivot would bring the first major support level at $32,772 into play.
Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $31,872 should limit the downside.