Bitcoin, BTC to USD, rallied 7.07% on Thursday. Reversing a 3.54% drop from Wednesday, Bitcoin ended the day at $ 48,008.
A bearish start to the day caused Bitcoin to drop to an early morning intraday low of $ 43,917.4 before making a move.
Staying clear of the first major support level at $ 43,284, Bitcoin rallied to a late intraday high and a fresh change of $ 48,598.0.
Bitcoin broke the first major resistance level at $ 46,890 before falling to levels below $ 46,000.
However, finding late support, Bitcoin returned to $ 48,000 levels to offer the silver lining for the day.
The short-term uptrend remained intact, supported by Thursday's new swing of $ 48,598.0. For bears, Bitcoin would need to slide through the 62% FIB of $ 21,036 to form a short-term downtrend.
The rest of the pack
In the rest of the majors, Thursday was a mixed day.
Binance Coin slid 3.66% to lead the way down.
The ADA of Cardano (-1.44%) and Polkadot (-0.97%) also saw red on the day.
However, it was a bullish day for the rest of the majors.
Crypto.com Coin jumped 15.5% to lead the way.
Bitcoin Cash SV (+ 8.08%), Chainlink (+ 3.89%) and Ripple's XRP (+ 4.80%) also found strong support.
However, Ethereum (+ 2.57%) and Litecoin (+ 2.84%) were behind the favorites.
In the current week, the total crypto market capitalization fell to a Monday low of $ 1,145.36 billion before rising to a Thursday high of $ 1,481.62 billion. At the time of writing, the total market capitalization was $ 1.442.71 billion.
Bitcoin's dominance jumped to a Tuesday high of 64.76% before falling to a Wednesday low of 61.13%. At the time of writing this article, Bitcoin's dominance was 62.79%.
This Morning
At the time of writing, Bitcoin was up by 1.64% to $48,795.0. A mixed start to the day saw Bitcoin slip to an early morning low $47,987.0 before striking a new swing hi $48,945.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Binance Coin (-0.86%), Cardano’s ADA (-0.36%), Chainlink (-1.31%), Polkadot (-1.31%), and Ripple’s XRP (-0.37%) saw red early on.
It was a bullish start for the rest of the majors, however.
At the time of writing, Crypto.com Coin was up by 3.28% to lead the way.
For the Bitcoin day ahead
Bitcoin would have to avoid a drop through the pivot level at $ 46,841 to bring the first major resistance level into play at $ 49,765.
It would take general market support for Bitcoin to break out of this morning's fresh change of $ 48,945.0.
Barring a prolonged crypto rally, the first major resistance level and $ 50,000 resistance would likely limit any rally.
In the event of an extended crypto rally, Bitcoin could test the second major resistance level at $ 51,522.
If a drop through the pivot of $ 46,841 is not avoided, the first major support level at $ 45,084 would come into play.
However, unless there is a crypto sell-off, Bitcoin should stay away from the levels below $ 45,000. The second major support level is located at $ 42,161.
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