It was a mixed start to the day. Bitcoin rose to an early morning high $11,831.0 before hitting reverse.
Falling short of the first major resistance level at $11,998, Bitcoin fell to a mid-morning intraday low $11,677.0.
Steering clear of the first major support level at $11,541, Bitcoin rose to a late intraday high $11,894.5.
Coming up short of the first major resistance level, Bitcoin slipped back to limit the upside on the day.
The near-term bullish trend remained intact, supported by the latest move through to $12,000 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.
Monero’s XMR jumped by 10.79% to lead the way.
Binance Coin (+3.13%), Cardano’s ADA (+3.48%), Stellar’s Lumen (+7.13%), Tezos (+6.15%), and Tron’s TRX (+3.51%) also found strong support.
Bitcoin Cash SV (+0.10%), EOS (+2.74%), Ethereum (+2.04%), Litecoin (+1.08%), and Ripple’s XRP (+0.84%) trailed the front runners.
Bitcoin Cash ABC bucked the trend, falling by 0.19%.
In the current week, the crypto total market rose to a Monday high $384.00bn before sliding to a Wednesday low $344.71bn. At the time of writing, the total market cap stood at $358.95bn.
Bitcoin’s dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoin’s dominance stood at 60.94%.