A mixed start saw Bitcoin fall to an early morning intraday low $60,188.0 before making a move.
Steering clear of the first major support level at $57,988, Bitcoin rallied to a late afternoon intraday high $62,980.0.
Bitcoin broke through the first major resistance level at $62,826 before a fall back to sub-$62,000 levels.
Finding late support, however, Bitcoin broke back through to $62,000 levels to deliver the upside on the day.
The near-term bullish trend remained intact, supported the latest return to $66,000 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 bullish day on Friday.
Binance Coin and Crypto.com Coin rallied by 7.70% and by 7.72% to lead the way.
Bitcoin Cash SV (+4.79%), Ethereum (+3.10%), and Litecoin (+3.55) also found strong support.
Chainlink (+2.37%), Cardano’s ADA (+1.42%), Polkadot (+2.69%), and Ripple’s XRP (+2.05%) trailed the front runners, however
In the current week, the crypto total market rose to a Tuesday high $2,702bn before falling to a Thursday low $2,385bn. At the time of writing, the total market cap stood at $2,627bn.
Bitcoin’s dominance fell to a Wednesday low 43.62% before rising to a Wednesday high 45.81%. At the time of writing, Bitcoin’s dominance stood at 44.57%.
This news is republished from another source. You can check the original article here
Be the first to comment