A mixed start to the day saw Bitcoin fall to an early morning intraday low $37,221.0 before making a move.
Bitcoin fell through the first major support level at $37,807 before rising to an early afternoon intraday high $40,500.0.
Falling short of the first major resistance level at $40,840, however, Bitcoin fell back to sub-$39,000 levels and into the red.
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 Thursday.
Crypto.com Coin bucked the trend, rising by 4.21%.
It was a bearish day for the rest of the majors, however.
In the current week, the crypto total market fell to a Monday low $1,369bn before rising to a Wednesday high $1,786bn. At the time of writing, the total market cap stood at $1,681bn.
Bitcoin’s dominance rose to a Monday high 47.06% before falling to a Thursday low 42.68%. At the time of writing, Bitcoin’s dominance stood at 43.23%.
Read More: The Crypto Daily – The Movers and Shakers