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A mixed start to the day saw Bitcoin rise to an early morning intraday high $55,349.0 before hitting reverse.
Falling well short of the first major resistance level at $57,239, Bitcoin slid to an early afternoon intraday low $53,429.0.
Steering clear of the first major support level at $51,934, however, Bitcoin revisited $54,600 levels before ending the day at sub-$54,000 levels.
The near-term bullish trend remained intact, supported the latest return to $55,000 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.
Crypto.com Coin and Ripple’s XRP fell by 0.66% and by 0.78% respectively to join Bitcoin in the red.
It was a bullish day for the rest of the majors, however.
Bitcoin Cash SV jumped by 19.38% to lead the way, with Polkadot (+8.54%) and Cardano’s ADA (+3.11%) also finding strong support.
Binance Coin (+0.83%), Chainlink (+0.07%), Ethereum (+0.34%), and Litecoin (+0.06%) trailed the front runners, however.
In the current week, the crypto total market fell to a Monday low $2,082bn before rising to a Wednesday high $2,404bn. At the time of writing, the total market cap stood at $2,315bn.
Bitcoin’s dominance fell to a Monday low 42.06% before rising to a Wednesday high 45.04%. At the time of writing, Bitcoin’s dominance stood at 43.88%.
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