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A bullish start to the day saw Bitcoin rise to a late morning intraday high $39,519.0 before hitting reverse.
Falling short of the first major resistance level at $39,830, Bitcoin slid to a late intraday low $37,387.0.
Bitcoin fell through the first major support level at $37,491 before a late move back through to $38,000 levels.
The near-term bullish trend remained intact in spite of the latest slide back to sub-$38,000 levels. For the bears, Bitcoin would need a sustained fall 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 Thursday.
Polkadot fell by 1.45% to lead the way down.
Cardano’s ADA (-0.22%) and Crypto.com Coin (-0.60%) also joined Bitcoin in the red.
It was a bullish day for the rest of the majors, however.
Chainlink and Binance Coin led the way, with gains of 1.53% and 1.59% respectively.
Bitcoin Cash SV (+0.83%), Ethereum (+0.21%), Litecoin (+0.36%), Ripple’s XRP (+0.89%) saw modest gains on the day.
In the current week, the crypto total market rose to a Tuesday high $1,708bn before falling to a Thursday low $1,522bn. At the time of writing, the total market cap stood at $1,568bn.
Bitcoin’s dominance fell to a Monday low 45.34% before rising to a Wednesday high 46.26%. At the time of writing, Bitcoin’s dominance stood at 45.62%.
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