Bitcoin, BTC to USD, rose by 0.88% on Friday. Partially reversing a 4.30% slide from Thursday, Bitcoin ended the day at $33,816.0.
A bullish start to the day saw Bitcoin rise to an early morning intraday high $33,983.0 before hitting reverse.
Falling short of the first major resistance level at $34,842, Bitcoin fell to a mid-morning intraday low $32,700.0.
Steering clear of the first major support level at $32,493, however, Bitcoin revisited $33,900 levels before easing back.
The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 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.
It was a bearish day for the rest of the majors, however.
In the current week, the crypto total market rose to a Tuesday high $1,485bn before falling to a Friday low $1,319bn. At the time of writing, the total market cap stood at $1,376bn.
Bitcoin’s dominance rose to a Monday high 47.67% before falling to a Thursday low 45.54%. At the time of writing, Bitcoin’s dominance stood at 45.94%.
At the time of writing, Bitcoin was down by 0.26% to 33,727.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,942.0 before falling to a low $33,716.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Crypto.com Coin bucked the trend early on, rising by 1.89%.
It was a bearish start for the rest of the majors, however.
At the time of writing, Cardano’s ADA was down by 0.65% to lead the way down.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $33,500 pivot to bring the first major resistance level at $34,299 into play.
Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels.
Barring a broad-based crypto rebound, the first major resistance level would likely cap any upside.
In the event of an extended crypto rally, Bitcoin could test resistance at $35,000 levels before any pullback. The second major resistance level sits at $34,783.
A fall through the $33,500 pivot would bring the first major support level at $33,016 into play.
Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$32,000 levels. The second major support level at $32,217 should limit the downside.