It was a mixed start to the day. Bitcoin fell to a late morning intraday low $36,123.6 before making a move.
Steering clear of the first major support level at $34,419, Bitcoin rallied to a late afternoon intraday high and a new swing hi $40,383.4.
Bitcoin broke through the first major resistance level at $38,016 and the second major resistance level at $39,273.
A late pullback, however, saw Bitcoin slide back to sub-$37,000 levels before finding support.
Bitcoin broke back through the first and second major resistance levels to wrap up the day at $39,400 levels.
The near-term bullish trend remained intact, supported by the latest breakthrough to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $17,899 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Thursday.
Cardano’s ADA and Polkadot slid by 10.30% and by 10.80% respectively to lead the way down.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP surged by 29.93% to lead the pack.
In the current week, the crypto total market cap slid to a Monday