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A mixed start to the day saw Bitcoin rise to a late morning intraday high $59,483.0 before hitting reverse.
Falling short of the first major resistance level at $60,188, Bitcoin slid to a late morning low $58,029.0.
Steering clear of the major support levels, Bitcoin revisited $59,300 levels before falling to a mid-afternoon intraday low $57,955.0.
Continuing to avoid the first major support level at $57,115, Bitcoin found late support to revisit $59,000 levels before falling back into the red.
The near-term bullish trend remained intact supported by the March gain. 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 start to the month on Thursday.
Cardano’s ADA (-0.78%) and Ripple’s XRP (-0.04%) joined Bitcoin in the red.
It was a bullish day for the rest of the pack, however.
Binance Coin rallied by 10.58% to lead the way.
Bitcoin Cash SV (+4.32%), Chainlink (+2.37%), Ethereum (+2.52%), and Litecoin (+2.93%) also found strong support.
Crypto.com Coin (+0.67%) and Polkadot (+1.00%) trailed the front runners on the day.
In the current week, the crypto total market fell to a Monday low $1,671bn before rising to a Thursday high $1,880bn. At the time of writing, the total market cap stood at $1,836bn.
Bitcoin’s dominance rose to a Wednesday high 61.34% before falling to a Thursday low 59.09%. At the time of writing, Bitcoin’s dominance stood at 59.69%.
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