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Bitcoin, from BTC to USD, was up 3.74% on Thursday. After a 2.60% gain on Wednesday, Bitcoin ended the day at $ 16,296.2.
It was a bearish start to the day. Bitcoin fell to a morning intraday low of $ 15,453.0 before making a move.
Avoiding the first major support level at $ 15,341, Bitcoin reached an intraday high $ 16,325.0.
Bitcoin broke through the first major resistance level at $ 16,030 to end the day at $ 16,290.
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.
Bitcoin Cash ABC (+ 0.72%), Bitcoin Cash SV (+ 0.03%), Crypto.com Coin (+ 2.29%) and Litecoin (+ 2.38%) joined Bitcoin in positive for reverse the trend of the day.
It was a bearish day for the rest of the majors.
Chainlink and Polkadot slipped by 2.99% and 4.62%, respectively, to the top of the table.
Binance Coin (-1.19%), Cardano’s ADA (-1.30%), Ethereum (-0.17%) and Ripple’s XRP (-0.45%) also saw red during the day.
For the current week, total cryptocurrency market cap fell to a Monday low of $ 421.37 billion before climbing to a Thursday high of $ 466.77 billion. At the time of writing, the total market capitalization was $ 495.66 billion.
Bitcoin’s dominance fell to a Tuesday low of 64.22% before climbing to a Thursday high of 65.90%. At the time of writing, Bitcoin’s dominance was 65.93%.
This morning
At the time of writing, Bitcoin was up 0.27% to $ 16,340.0. A mixed start to the day saw Bitcoin fall to a morning low $ 16,266.5 before climbing to a high $ 16,344.0.
Bitcoin left the major support and resistance levels untested in the beginning.
Elsewhere, it was a mixed start to the day. Binance Coin and Polkadot fell 0.02% and 0.45% respectively to reverse the trend early on.
However, it was a relatively bullish start to the day for the rest of the majors.
At the time of writing, Litecoin was up 1.14% to lead the way.
For Bitcoin Day Ahead
Bitcoin should avoid a fall through the pivot level at $ 16,024.4 to bring the first major resistance level at $ 16,596 into play.
Support from the broader market would be needed for Bitcoin to break out of the morning high $ 16,344.0.
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 $ 16,895 and resistance at $ 17,000.
Failure to avoid a fall through the $ 16,024 pivot would bring the first major support level at $ 15,725 into play.
Barring an extensive cryptocurrency sell-off, Bitcoin should avoid levels below $ 15,500. The second major support level is found at $ 15,153.
