It was a mixed start to the day. Bitcoin fell to an early morning intraday low $10,222.0 before making a move.
Steering clear of the first major support level at $10,092, Bitcoin rallied to a late intraday high $10,842.0.
Bitcoin broke through the first major resistance level at $10,495 and the second major resistance level at $10,726.
In spite of a bearish end to the day, Bitcoin avoided a fall back through the second major resistance level.
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 $6,400 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.
Chainlink led the way, surging by 29.25%.
Binance Coin (+7.75%), Cardano’s ADA (+7.98%), and Ethereum (+8.89%) also saw solid gains.
Bitcoin Cash ABC (+4.10%), Bitcoin Cash SV (+4.08%), Crypto.com Coin (+0.07%), Litecoin (+4.66%), Polkadot (+4.16%), and Ripple’s XRP (+5.23%) saw relatively modest gains on the day.
In the current week, the crypto total market rose to a Monday high $334.04bn before sliding to a Wednesday low $300.97bn. At the time of writing, the total market cap stood at $320.94bn.
Bitcoin’s dominance fell to a Monday low 60.89% before rising to a Wednesday high 62.31%. At the time of writing, Bitcoin’s dominance stood at 61.68%.
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