Bitcoin, BTC to USD, rose by 0.18% on Monday. Partially reversing a 0.69% decline from Sunday, Bitcoin ended the day at $13,059.0.
A relatively bullish start to the day saw Bitcoin rise to an early afternoon intraday high $13,244.0 before hitting reverse.
Falling short of the first major resistance level at $13,313, Bitcoin slid to a late afternoon intraday low $12,781.0.
Bitcoin fell through the first major support level at $12,805 before a late recovery to $13,000 levels.
The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. 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 day on Monday.
Binance Coin (+3.02%) and Polkadot (+8.52%) found support to buck the trend on the day.
It was a bearish start to the week for the rest of the majors, however.
Bitcoin Cash ABC (-4.29%), Bitcoin Cash SV (-3.85%), Cardano’s ADA (-3.12%), Ethereum (-3.25%), and Litecoin (-3.38%) led the way down.
Chainlink (-2.99%), Crypto.com Coin (-2.43%), and Ripple’s XRP (-1.87%) saw relatively modest losses.
In the current week, the crypto total rose to a Monday $398.91bn high before falling to a low $378.21bn. At the time of writing, the total market cap stood at $389.81bn.
Bitcoin’s dominance fell to a Monday low of 61.54% before rising to a Monday high 62.57%. At the time of writing, Bitcoin’s dominance stood at 62.25%.
At the time of writing, Bitcoin was up by 0.24% to $13,090.0. A mixed start to the day saw Bitcoin fall to an early morning $13,054.0 low before rising to a $13,134.0 high.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day, with Crypto.com Coin falling by 0.10% to buck the trend.
It was a bullish start for the rest of the majors, however.
At the time of writing, Polkadot (+2.27%), Chainlink (+1.82%), and Binance Coin (+1.45%) led the way.
Bitcoin would need to avoid a fall through the pivot level at $13,028 to bring the first major resistance level at $13,275 into play.
Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s $13,244.0 high.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another crypto breakout, Bitcoin could test resistance at $13,500 before any pullback. The second major resistance level sits at $13,491.
Failure to avoid a fall through the $13,028 pivot would bring the first major support level at $12,812 into play.
Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$12,700 levels. The second major support level sits at $12,565.