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A mixed start to the day saw Bitcoin fall to an early morning low $51,511.0 before making a move.
Steering clear of the major support levels, Bitcoin rallied to a late morning intraday high $53,116.0.
Falling short of the first major resistance level at $55,853, Bitcoin slid to a mid-day intraday low $50,350.0.
Steering clear of the first major support level at $50,163, Bitcoin moved back through to $51,300 levels to reduce the deficit on the day.
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.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Thursday.
Crypto.com Coin tumbled by 13.95% to lead the way down.
Binance Coin (- 5.77%), Bitcoin Cash SV (-3.31%) and Litecoin (-2.54%) also joined Bitcoin in the red.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP rallied by 6.66% to lead the way, with Cardano’s ADA (+2.68%) and Chainlink (+2.79%) also finding strong support.
Ethereum (+0.32%) and Polkadot (+0.50%) trailed the front runners, however.
In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,588bn.
Bitcoin’s dominance fell to a Tuesday low 60.20% before rising to a Wednesday high 62.24%. At the time of writing, Bitcoin’s dominance stood at 60.94%.
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