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Bitcoin, from BTC to USD, was up 4.73% on Friday. After a 0.25% gain on Thursday, Bitcoin ended the day at $ 18,660.0.
It was a mixed start to the day. Bitcoin slid to a morning intraday low of $ 17,753 before making a move.
Avoiding the first major support level at $ 17,386, Bitcoin reached an afternoon intraday high $ 18,810.0.
Bitcoin broke through the first major resistance level at $ 18,208 and the second major resistance level at $ 18,598.
A late withdrawal saw Bitcoin drop briefly through the second major resistance level before ending the day at $ 18,600.
The short-term bullish trend remained intact, supported by the latest move up to the $ 18,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 9,657 to form a short-term bearish trend.
The rest of the pack
In the rest of the majors, Friday was a bullish day.
Cardano’s ADA rose 11.71% to lead the way.
Crypto.com Coin (+ 9.45%), Ethereum (+ 8.16%) and Ripple’s XRP (+ 8.74%) also rallied during the day.
Binance Coin (+ 3.04%), Bitcoin Cash SV (+ 5.05%), Chainlink (+ 3.49%), Litecoin (+ 1.25%) and Polkadot (+ 4.94%) followed suit first classified.
In the current week, the total market cap of cryptocurrencies went from a Monday low of $ 445.47 billion to a Saturday morning high of $ 526.31 billion. At the time of writing, the total market capitalization was $ 522.55 billion.
Bitcoin dominance dipped to Monday’s low 65.43% before rising to Wednesday’s high 67.46%. At the time of writing, Bitcoin’s dominance was 66.94%.
This morning
At the time of writing, Bitcoin was up 0.94% to $ 18,836.0. A mixed start to the day saw Bitcoin drop to a morning low of $ 18,629.4 before climbing to a high of $ 18,899.0.
Bitcoin left the major support and resistance levels untested in the beginning.
Elsewhere, it was a mixed start to the day.
Binance Coin fell 0.15% to reverse the trend early on.
However, it was a bullish start to the day for the rest of the majors.
At the time of writing, Crypto.com Coin has grown 6.71% to lead the way.
For Bitcoin Day Ahead
Bitcoin should avoid a fall through the pivot level at $ 18,408 to bring the first major resistance level at $ 19,062 into play.
Support from the broader market would be needed for Bitcoin to hit the $ 19,000 levels.
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 resistance at $ 19,500 before any pullback. The second major resistance level is found at $ 19,465.
Failure to avoid a fall through the $ 18,408 pivot would bring the first major support level at $ 18,005 into play.
Barring another extended cryptocurrency sell-off, Bitcoin is expected to avoid levels below $ 18,000. The second major support level is found at $ 17,351.
