After a range-bound start to the day, Bitcoin fell to a late morning intraday low $48,219.0 before making a move.
Steering clear of the of the first major support level at $47,518, Bitcoin rallied to a late afternoon intraday high $49,788.0.
Falling short of the first major resistance level at $50,271, however, Bitcoin slid back to sub-$49,000 and into the red.
The near-term bullish trend remained intact, supported by the latest return to $49,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a bearish day on Saturday.
Bitcoin Cash SV and Ripple’s XRP led the way down, with losses of 3.25% and 3.57% respectively.
Chainlink (-2.89%), Ethereum (-1.83%), and Litecoin (-2.11%) also struggled.
Binance Coin (-1.29%), Cardano’s ADA (-0.75%), Crypto.com Coin (-0.73%), and Polkadot (-0.06%) saw relatively modest losses, however.
In the current week, the crypto total market fell to a Wednesday low $1,832bn before rising to a Saturday high $2,124bn. At the time of writing, the total market cap stood at $2,062bn.
Bitcoin’s dominance fell to a Tuesday low 43.67% before rising to a Wednesday high 45.35%. At the time of writing, Bitcoin’s dominance stood at 44.55%.