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A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,714.0 before making a move.
Steering clear of the first major support level at $54,798, Bitcoin rallied to a late intraday high $58,155.0.
Bitcoin broke through the first major resistance level at $57,882 before a fall back to $57,500 levels.
Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $58,000 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.
The Rest of the Pack
Across the rest of the majors, it was a bullish day on Thursday.
Ripple’s XRP jumped by 15.89% to lead the way, with Binance Coin rallying by 11.65%.
Cardano’s ADA (+4.02%), Chainlink (+5.35%), Crypto.com Coin (+7.31%), Ethereum (+5.93%), and Litecoin (+3.21%) also found strong support.
Bitcoin Cash SV (+2.79%) and Polkadot (+0.81%) trailed the front runners, however.
In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,920bn.
Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.55%.
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