A mixed start to the day saw Bitcoin fall to a late morning intraday low $44,027.0 before making a move.
The reversal saw Bitcoin fall through the first major support level at $45,212 and the 23.6% FIB of $45,501.
Finding late morning support, Bitcoin rose to a late afternoon intraday high $48,441.0 before hitting reverse.
Falling well short of the first major resistance level at $50,651, Bitcoin slid back to sub-$47,000 levels and into the red.
Despite the late sell-off, Bitcoin avoided a fall back through the 23.6% FIB and the major support levels.
The near-term bullish trend remained intact in spite of the current week reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Friday.
Cardano’s ADA rallied by 15.62% to lead the way.
It was a bearish day for the rest of the majors, however.
In the current week, the crypto total market cap rose to a Monday high $1,748.98bn before sliding to a Tuesday low $1,291.06bn. At the time of writing, the total market cap stood at $1,417.61bn.
Bitcoin’s dominance rose to a Tuesday high 64.74% before falling to a Wednesday low 61.25%. At the time of writing, Bitcoin’s dominance stood at 62.03%.