Bitcoin climbed up by 0.05% on Thursday, ending the day at $11,123.0. After starting the day in the red, Bitcoin plunged to an early afternoon intraday low of $10,855.8. However, it managed to find support at the first major support level at $10,852 and jumped to a late high of $11,186.1.
Nonetheless, the crypto fell short of the first major resistance level at $11,380, dropping back to sub-$11,100 levels. Afterward, Bitcoin hit a final hour intraday high of $11,188 before falling back. Despite that pullback, Bitcoin ended the day in the green.
On Friday, Bitcoin tumbled down by 0.16% to $11,105.0. The crypto hit an early morning high of $11,149.3 before falling to a low of $11,100.3. It also left the major support and resistance levels untested.
So far, the near-term bullish trend remains intact, supported by the latest move through to $11,000 levels. Bitcoin’s dominance jumped from a Monday low of 62.43% to a Tuesday high 64.57% before dropping back. On Friday, Bitcoin’s dominance stood at 63.58.
What about other major cryptos?
Most of the cryptos traded in the green on Thursday. Ethereum skyrocketed by 5.39%, leading the way. Bitcoin Cash ABC rallied by 2.43%, and Bitcoin Cash SV soared by 1.52%. Litecoin surged forward by 2.92%, while Monero’s XMR jumped by 2.58%, and Stellar’s Lumen added 1.72%, all of them finding strong support.
Several other cryptos gained modestly as well. Binance Coin increased by 0.55%, and Cardano’s ADA rose by 0.62%. Meanwhile, EOS, Ripple’s XRP, Tezos and Tron’s TRX climbed up by 0.90%, 0.36%, 0.90%, and 0.32%, respectively.
On Friday, Binance Coin rose by 0.51%, while Monero’s XMR grew by 0.22%, and Tezos edged up by 0.01%. However, other digital coins traded in the red. Bitcoin Cash SV plummeted down by 0.58%, losing the most.
During this week, the crypto total market cap soared from a Monday low of $285.49bn to a Monday high of $335.81bn. On Friday, the total market cap stood at $321.79bn.
- Trading Instrument