A mixed start to the day saw Bitcoin fall to a late morning intraday low $54,302.0 before making a move.
Steering clear of the first major support level at $53,944, Bitcoin rallied to a late intraday high $57,775.0.
Falling short of the first major resistance level at $57,867, Bitcoin eased back to end the day at sub-$57,500 levels.
The near-term bullish trend remained intact, supported the latest return to $57,000 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 Wednesday.
Polkadot surged by 15.69% to lead the way, with Binance Coin rallying by 5.92%.
In the current week, the crypto total market rose to a Monday high $2,438bn before falling to a Tuesday low $2,210bn. At the time of writing, the total market cap stood at $2,398bn.
Bitcoin’s dominance fell to a Monday low 44.54% before rising to a Tuesday high 45.99%. At the time of writing, Bitcoin’s dominance stood at 45.17%.