A mixed start to the day saw Bitcoin fall to an early morning intraday low $48,332.0 before making a move.
Bitcoin fell through the first major support level at $48,482 before rallying to an early afternoon intraday high $51,142.0.
Bitcoin broke through the first major resistance level at $50,216 and the 23.6% FIB of $50,473.
Coming within range of the second major resistance level at $51,157, however, Bitcoin fell back to end the day at sub-$50,100.
The pullback saw Bitcoin fall back through the 23.6% FIB and the first major resistance level.
The near-term bullish trend remained intact, supported by the latest return to $51,000 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 Friday
Litecoin led the way, surging by 16.25%.
In the current the week, the crypto total market fell to a Monday low $1,996bn before rising to a Friday high $2,333bn. At the time of writing, the total market cap stood at $2,266bn.
Bitcoin’s dominance rose to a Monday high 44.14% before falling to a Friday low 41.13%. At the time of writing, Bitcoin’s dominance stood at 41.45%.