Bitcoin climbed up by 0.27% to $16,340.0 on Friday. After the mixed start of the day, the crypto tumbled down to an early morning low $16,266.5 before jumped to a high $16,344.0. It also left the major support and resistance levels untested thus far.
Other major cryptos fluctuated on Friday as well. Binance Coin and Polkadot plummeted down by 0.02% and by 0.45%, respectively. However, the rest of the majors traded in the green, enjoying the relatively bullish session. Litecoin surged forward by 1.14%, leading the way.
On Thursday, Bitcoin surged forward by 3.74%, after gaining 2.60% on Wednesday. The crypto ended the day at $16,296.2.
However, it started the day on the bearish territory. Bitcoin tumbled down to an early morning intraday low $15,453.0 before moving. It steered clear of the first major support level at $15,341. After that, Bitcoin skyrocketed to a late intraday high $16,325.0. The crypto also managed to break through the first major resistance level at $16,030, ending the day at $16,290 levels.
So far, the near-term bullish trend is intact as the latest move through to $15,000 levels supported it. The crypto would need to drop through the 62% FIB of $6,400 to form a near-term bearish trend.
Bitcoin’s dominance tumbled down to a Tuesday low 64.22% before surging to a Thursday high 65.90%. On Friday, Bitcoin’s dominance sat at 65.93%.
The crypto would need to avoid a drop through the pivot level at $16,024.4 to bring the first major resistance level at $16,596 into play. Bitcoin also needs support from the broader market to break out from the morning high $16,344.0. In case of another breakout, the crypto could test the second major resistance level at $16,895.
How did the other major crypto fare?
The Crypto market fluctuated on Thursday. Bitcoin Cash ABC surged forward by 0.72%, while Bitcoin Cash SV climbed up by 0.03%. Crypto.com Coin rallied by 2.29%, and Litecoin skyrocketed by 2.38%, joining Bitcoin in the green.
On the other hand, the rest of the majors traded on the bearish territory. Chainlink and Polkadot plummeted down by 2.99% and by 4.62%, respectively, leading the way down.
Meanwhile, Binance Coin dropped down by 1.19%, and Cardano’s ADA shaved off 1.30%. Ethereum also declined by 0.17%, and Ripple’s XRP lost 0.45%, also ending in the red on the day.
During the current week, the crypto total market cap plunged to a Monday low $421.37bn before jumping to a Thursday high $466.77bn. On Friday, the total market cap sat at $495.66bn.
- Trading Instrument