A bullish start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $48,945.0 before hitting reverse.
Falling short of the first major resistance level at $49,765, Bitcoin fell to an early afternoon intraday low $47,397.0.
Steering clear of the first major support level at $45,084, Bitcoin revisited $48,000 levels before falling back into the red.
The near-term bullish trend remained intact, supported by the Friday’s new swing hi $48,945.0. For the bears, Bitcoin would need to slide through the 62% FIB of $21,169 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.
Cardano’s ADA fell by 0.20% to buck the trend on the day alongside Bitcoin.
It was a bullish day for the rest of the majors, however.
Polkadot and Ripple’s XRP rallied by 16.22% and by 15.33% to lead the way.
In the current week, the crypto total market cap fell to a Monday low $1,145.36bn before surging to a Friday high $1,510.61bn. At the time of writing, the total market cap stood at $1,461.07bn.
Bitcoin’s dominance jumped to a Tuesday high 64.76% before sliding to a current day low 60.25%. At the time of writing, Bitcoin’s dominance stood at 60.82%.