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Bitcoin, from BTC to USD, was up 10.01% on Thursday. After a 0.85% gain on Wednesday, Bitcoin ended the day at $ 15,568.
It was a particularly bullish day. Bitcoin rallied from a morning intraday low $ 14,104.4 to an intraday high $ 15,732.6.
Bitcoin broke through the day’s major resistance levels to end the day at $ 15,000 levels for the first time since January 2018.
The short-term bullish trend remained intact, supported by the latest move up to the $ 15,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 6,400 to form a short-term bearish trend.
The rest of the pack
For the rest of the majors, Thursday was a mixed day.
Polkadot slipped 6.37% against the trend over the course of the day.
However, it was a bullish day for the rest of the majors.
Litecoin rose 7.8% to lead the way, with Bitcoin Cash SV (+ 7.34%) and Chainlink (+ 4.97%) also posting slippage gains.
Binance Coin (+ 2.71%), Bitcoin Cash ABC (+ 5.37%), Cardano’s ADA (+ 2.04%), Crypto.com Coin (+ 2.61%), Ethereum (+ 3.47 %) and Ripple’s XRP (+ 3.17%) followed the first runners.
For the current week, the total cryptocurrency market cap has dropped to a low on Tuesday at $ 379.61 billion before hitting a high on Thursday at $ 444.85 billion. At the time of writing, the total market capitalization was $ 441.87 billion.
Bitcoin’s dominance fell to a Monday low of 63.16% before climbing to a Friday high of 66.53%. At the time of writing, Bitcoin’s dominance was 66.42%.
This morning
At the time of writing, Bitcoin was up by 0.61% to $ 15,663.0. A mixed start to the day saw Bitcoin fall to a morning low $ 15,366.0 before climbing to a high of $ 15.692.0.
Bitcoin left the major support and resistance levels untested in the beginning.
Elsewhere, it was a bullish start to the day.
At the time of writing, Litecoin was up 3.98% to lead the way early.
For Bitcoin Day Ahead
Bitcoin should avoid a fall through the pivot level at $ 15,132 to bring the first major resistance level at $ 16,160 into play.
However, broader market support would be needed for Bitcoin to break out of Thursday’s high of $ 15,723.6.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another crypto breakout, Bitcoin could test the second major resistance level at $ 16,751.
Failure to avoid a fall through the $ 15,132 pivot would bring the first major support level at $ 14,540 into play.
Barring an extensive cryptocurrency sell-off, Bitcoin should continue to avoid levels below $ 14,500. The second major support level is found at $ 13,513.
