A mixed start to the day saw Bitcoin rise to an early morning intraday high $49,385.0 before hitting reverse.
Falling short of the first major resistance level at $49,784, Bitcoin tumbled to a mid-day intraday low $46,310.0.
Bitcoin fell through the first major support level at $47,672 and the second major support level at $46,352.
Finding late support, Bitcoin broke back through the second major support level to revisit $47,000 levels before easing back.
The near-term bullish trend remained intact, supported by the latest return to $50,000 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 bearish day on Thursday.
Cardano’s ADA (-7.71%), Chainlink (-8.30%) and Ripple’s XRP (-8.62%) led the way down.
Binance Coin (-5.04%), Bitcoin Cash SV (-4.05%), Ethereum (-4.19%), and Litecoin (-5.70%) also struggled.
Crypto.com Coin (-3.05%), and Polkadot (-3.77%) saw relatively modest losses, however.
In the current week, the crypto total market rose to a Monday high $2,169bn before falling to a Thursday low $1,933bn. At the time of writing, the total market cap stood at $1,982bn.
Bitcoin’s dominance fell to a Tuesday low 43.64% before rising to a Thursday high 44.98%. At the time of writing, Bitcoin’s dominance stood at 44.64%.