Bitcoin, BTC to USD, rose by 0.70% on Wednesday. Partially reversing a 1.79% fall from Tuesday, Bitcoin ended the day at $10,687.0.
It was a mixed start to the day. Bitcoin fell to an early morning intraday low of $10,563.0 before making a move.
Steering clear of the first major support level at $10,501, Bitcoin rose to a late intraday high $10,691.0.
Coming up short the first major resistance level at $10,773, Bitcoin eased back to end the day at $10,680 levels.
The near-term bullish trend remained intact, in spite of the pullback to sub-$11,000 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 Wednesday.
Crypto.com Coin fell by 1.27% to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Bitcoin Cash SV rallied by 2.85% to lead the way.
Bitcoin Cash ABC (+1.94%), Chainlink (+2.33%), Litecoin (+1.22%), Polkadot (+2.18%), and Ripple’s XRP (+1.31%) also made solid gains.
Binance Coin (+0.02%), Cardano’s ADA (+0.97%), and Ethereum (+0.26%) saw modest gains on the day.
In the current week, the crypto total market rose to a Monday high of $338.14bn before sliding to a Wednesday low of $322.55bn. At the time of writing, the total market cap stood at $328.13bn.
Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.07%.
At the time of writing, Bitcoin was down by 0.20% to $10,666.0. A mixed start to the day saw Bitcoin rise to an early morning high of $10,688.0 before falling to a low $10,664.2.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Bitcoin Cash SV (+0.08%) and Crypto.com Coin (+0.07%) avoided the red to buck the trend early on.
It was a bearish start for the rest of the majors, however.
At the time of writing, Cardano’s ADA was down by 0.94% to lead the way down.
Bitcoin would need to avoid a fall through the pivot level at $10,647 to bring the first major resistance level at $10,731 into play.
Support from the broader market would be needed, however, for Bitcoin to break back through to $10,700 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a crypto breakout, Bitcoin could test resistance at $10,800 before any pullback. The second major resistance level sits at $10,775.
Failure to avoid a fall through the $10,647 pivot would bring the first major support level at $10,603 into play.
Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,500 support levels. The second major support level at $10,519 should limit any downside.