Bitcoin (BTC) fell 2.06% on Sunday. Reversing the 1.20% gain from Saturday, Bitcoin ended the week up 2.33% to $21,032.

The bullish start to the day saw bitcoin climb to a high of $21,856 before turning around.

Bitcoin broke the first major resistance at $21,740 before dropping to a late low of $20,971.

The reversal saw Bitcoin drop through the first major support at $21,055 to end the week at $21,032.

Bitcoin was impacted by Friday’s NASDAQ 100 rally as investors were cautious ahead of Monday’s open.

The correlation between the NASDAQ 100 and bitcoin intensified last week, and bitcoin is likely to continue to track the NASDAQ in the near future. For now, the headwinds for Bitcoin and the NASDAQ remain the same.

This morning the index of fear and greed fell from 14/100 to 12/100. Deep in the ‘extreme fear’ zone, the latest pullback brings the sub-10/100 and 6/100 low of June 19 into play. Investors will expect a rise to 25/100 and a move into the “fear zone” to suggest that bitcoin will bottom.

Index last visited the Fear Zone on May 5th.