Bitcoin rose by 0.35% on Monday. Following on from a 0.81% gain on Sunday, Bitcoin ended the day at $9,784.4.
A choppy start to the day saw Bitcoin fall to a late morning intraday low $9,647.1 before finding support.
Steering clear of the first major support level at $9,489.27, Bitcoin rose to a late morning intraday high $9.800.0.
Falling well short of the first major resistance level at $9,909.47, Bitcoin fell back to sub-$9,700 levels and into the red.
A final hour rebound delivered the upside on the day, with resistance at $9,800 pinning Bitcoin back.
The near-term bullish trend remained intact, supported by last week’s gain and Monday’s recovery.
For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.
Across the rest of the majors, it was a mixed start to the week.
Monero’s XMR and Tezos led the way on Monday, with gains of 2.80% and 1.94% respectively.
Binance Coin (+0.06%), Ethereum (+0.72%), Ripple’s XRP (+0.44%), and Stellar’s Lumen (+0.61%) also found support.
It was a bearish day for the rest of the pack, however.
Tron’s TRX slid by 1.41% to lead the way down.
Bitcoin Cash ABC (-0.37%), Bitcoin Cash SV (-0.75%), Cardano’s ADA (-0.09%), EOS (+1.00%), and Litecoin (-0.36%) also saw red.
Through the start of the week, the crypto total market cap rose to an early Tuesday high $275.84bn before sliding to a Tuesday low $265.84bn. At the time of writing, the total market cap stood at $270.91bn.
At the start of the week, Bitcoin fell to a Monday low 65.79% before rising to a Tuesday high 66.36%. At the time of writing, Bitcoin’s dominance stood at 65.91%.
At the time of writing, Bitcoin was down by 0.87% to $9,699.1. A choppy start to the day saw Bitcoin rise to an early morning high $9,876.0 before hitting reverse.
Bitcoin broke through the first major resistance level at $9,840.57 before sliding to an early morning low $9,577.9.
The reversal saw Bitcoin fall through the first major support level at $9,687.67 and the second major support level at $9,590.93.
Elsewhere, it was also a choppy and bearish start to the day.
At the time of writing, Tron’s TRX and EOS were down by 1.87% and by 1.45% to lead the way down.
Bitcoin would need to move back through to $9,750 levels to bring the first major resistance level at $9,840.57 back into play.
Support from the broader market would be needed, however, for Bitcoin to break back through to $9,800 levels.
Barring another broad-based crypto rally, the first major resistance level would likely limit any upside.
In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $9,896.73 before any pullback.
Failure to move back through to $9,750 levels could see Bitcoin struggle on the day.
A fall back through the first major support level at $9,687.67 would bring the second major support level at $9,590.93 back into play.
Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,500 support levels.