It’s a mixed start to the day for the majors. A Bitcoin move back through to $56,000 levels would deliver support.
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Bitcoin, BTC to USD, slipped by 0.18% on Sunday. Partially reversing a 1.64% gain from Saturday, Bitcoin ended the week down by 2.72% to $55,780.0.
A mixed start to the day saw Bitcoin rise to a late morning intraday high $56,609.0 before hitting reverse.
Falling short of the first major resistance level at $57,024, Bitcoin slid to a late intraday low $54,800.0.
Bitcoin fell through the first major resistance level at $54,379 before briefly revisiting $55,850 levels.
The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.