A mixed start to the day saw Bitcoin fall to an early morning low $51,300.0 before making a move.
Steering clear of the first major support level at $50,100, Bitcoin rallied to a late intraday high $55,000.0.
Bitcoin broke through the first major resistance level at $52,866 and the second major resistance level at $54,374.0.
In spite of a late pullback, Bitcoin avoided a fall through the second major resistance level, wrapping up the day at $54,900 levels.
The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 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.
In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,700bn.
Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 60.87%.