A mixed start to the day saw Bitcoin fall to an early morning intraday low $34,985.0 before making a move.
Steering clear of the first major support level at $29,664, Bitcoin rallied to an early afternoon intraday high $42,300.0.
While falling short of the first major resistance level at $43,701, Bitcoin broke back through the 38.2% FIB of $41,592.
A late afternoon pullback, however, saw Bitcoin fall back through the 38.2% FIB to sub-$38,200 before ending the day at $40,500 levels.
The near-term bullish trend remained intact in spite of the latest slide back to sub-$30,000 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 Thursday.
Cardano’s ADA jumped by 22.73% to lead the way.
Bitcoin Cash SV (+4.75%), and Polkadot (+4.64%) trailed the front runners, however.
In the current week, the crypto total market rose to a Monday high $2,162bn before sliding to a Wednesday low $1,207bn. At the time of writing, the total market cap stood at $1,794bn.
Bitcoin’s dominance fell to a Tuesday low 39.89% before surging to a Wednesday high 45.97%. At the time of writing, Bitcoin’s dominance stood at 43.15%.