A choppy start to the day saw Bitcoin fall to an early morning intraday low $43,992.0 before making a move.
Finding support at the first major support level at $43,988, Bitcoin rallied to a late intraday high $47,061.0.
Bitcoin broke through the first major resistance level at $45,732 and the second major resistance level at $46,743.
A late pullback, however, saw briefly Bitcoin fall back through the second major resistance level before ending the day at sub-$46,760 levels.
The near-term bullish trend remained intact, supported by the latest return to $48,000 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 bullish day on Thursday.
In the current week, the crypto total market rose to a Monday high $2,061bn before falling to a Wednesday low $1,832bn. At the time of writing, the total market cap stood at $2,010bn.
Bitcoin’s dominance fell to a Tuesday low 43.67% before rising to a Wednesday high 45.35%. At the time of writing, Bitcoin’s dominance stood at 44.17%.