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Steering clear of the first major support level at $55,040, Bitcoin rallied to a late afternoon intraday high $58,635.0.
Bitcoin broke through the first major resistance level at $58,101 before easing back to sub-$57,000 levels.
Finding late support, however, Bitcoin moved back through to $57,000 levels to deliver the upside on the day.
The near-term bullish trend remained intact supported by the recovery to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Friday.
Chainlink rose by 4.24% to lead the way, with Cardano’s ADA (+0.21%) and Crypto.com Coin (+1.33%) also avoiding the red.
It was a bearish day for the rest of the majors, however.
Bitcoin Cash SV slid by 11.54% to lead the way down, with Polkadot falling by 5.59%.
Binance Coin (-1.52%), Ethereum (-0.22%), Litecoin (-2.61%), and Ripple’s XRP (-1.44%) saw relatively modest losses.
In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,332bn.
Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%.
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