It was a mixed start to the day. Bitcoin rose to an early morning high $11,658.5 before hitting reverse.
Falling short of the first major resistance level at $11,747, Bitcoin slid to a late morning intraday low $11,274.5.
Finding support at the first major support level at $11,274, Bitcoin moved back through to $11,500 levels going into the afternoon.
Through the 2nd half of the day, Bitcoin rallied to a late intraday high $11,811.0 before easing back.
Bitcoin broke through the first major resistance level at $11,747 to wrap up the day at $11,790 levels.
The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day for the majors on Thursday.
Tezos and Stellar’s Lumen fell by 5.00% and by 0.10% to buck the trend.
It was a bullish day for the rest of the majors, however.
Tron’s TRX (+11.27%) and Ethereum (+9.73%) led the way.
Bitcoin Cash ABC (+3.00%), Bitcoin Cash SV (+2.66%), EOS (+3.74%), Litecoin (+4.84%), Monero’s XMR (+2.99%), and Ripple’s XRP (+4.51%) also found strong support.
Binance Coin (+1.30%) and Cardano’s ADA (+2.12%) trailed the front runners on the day.
In the current week, the crypto total market cap rose to a Monday high $361.38bn before falling to a Tuesday low $328.26bn. At the time of writing, the total market cap stood at $355.24bn.
Bitcoin’s dominance rose to a Monday high 62.63% before sliding to a Thursday low 60.48%. At the time of writing, Bitcoin’s dominance stood at 61.11%.