A bearish start to the day saw Bitcoin fall to a mid-day intraday low $37,318.0 before making a move.
Bitcoin fell through the first major support level at $38,187 before rallying to a late intraday high $41,352.0.
Bitcoin broke through the first major resistance level at $40,632 to end the day at $40,800 levels.
The near-term bullish trend remained intact, supported by the latest return to $41,000 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 slid by 2.85%, with Chainlink and Crypto.com Coin falling by 0.49% and by 0.69% respectively to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Bitcoin Cash SV led the way, rallying by 4.68%, with Ethereum gaining 3.84%.
Binance Coin (+0.99%), Cardano’s ADA (+0.76%), Litecoin (+0.74%), and Ripple’s XRP (+0.31%) trailed the front runners, however.
In the current week, the crypto total market fell to a Tuesday low $1,502bn before rising to a Thursday high $1,695bn. At the time of writing, the total market cap stood at $1,654bn.
Bitcoin’s dominance rose to a Monday high 47.27% before falling to a Wednesday low 45.78%. At the time of writing, Bitcoin’s dominance stood at 46.30%.