A mixed start to the day saw Bitcoin fall to an early morning intraday low $36,571,6 before making a move.
Steering clear of the first major support level at $35,866, Bitcoin rallied to an early afternoon intraday high $38,366.0.
Bitcoin broke through the first major resistance level at $38,394 before a pullback to $37,200 levels.
Finding late support, Bitcoin broke back through to $38,200 levels to deliver the upside on the day.
The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a bullish day on Friday.
Binance Coin and Cardano’s ADA surged by 20.75% and by 22.15% respectively to lead the way.
Bitcoin Cash SV (+6.84%), Chainlink (+7.30%), Ethereum (+7.75%), and Litecoin (+6.82%) also found strong support.
Crypto.com Coin (+5.09%), Polkadot (+2.18%), Ripple’s XRP (+1.49%) trailed the front runners, however.
In the current week, the crypto total market cap fell to a Monday low $938.94bn before rising to a Friday high $1,185.22bn. At the time of writing, the total market cap stood at $1,118.40bn.
Bitcoin’s dominance rose to a Monday high 64.11% before sliding to a Friday low 60.27%. At the time of writing, Bitcoin’s dominance stood at 61.94%.