Bitcoin, BTC to USD, fell by 2.98% on Friday. Reversing a 0.46% gain from Thursday, Bitcoin ended the day at $61,322.0.
A bullish start to the day saw Bitcoin rise to an early morning intraday high $63,520.0 before hitting reverse.
Falling short of the first major resistance level at $64,027, Bitcoin slid to a late morning intraday low $60,005.0.
Bitcoin fell through the first major support level at $62,182 and the second major support level at $61,169.
Finding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back.
In spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day.
The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide 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.
Ripple’s XRP slid by 11.92% to lead the way down
In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn.
Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Friday low 51.50%. At the time of writing, Bitcoin’s dominance stood at 52.59%.
At the time of writing, Bitcoin was down by 0.25% to $61,167.3. A mixed start to the day saw Bitcoin rise to an early morning high $61,675.0 before falling to a low $61,157.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Bitcoin Cash SV (-2.47%) and Crypto.com Coin (-0.64%) joined Bitcoin in the red to buck the early trend.
It was a bullish start for the rest of the majors, however.
At the time of writing, Litecoin was up by 2.09% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to move back through the pivot level at $61,616 to bring the first major resistance level at $63,226 into play.
Support from the broader market would be needed for Bitcoin to break back through to $63,000 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $63,520.0 would likely cap any upside.
In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,131.
Failure to move back through the $61,616 pivot would bring the first major support level at $59,711 into play.
Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $58,101.