A mixed start to the day saw Bitcoin fall to an early morning intraday low $50,755.0 before making a move.
Finding support at the first major support level at $50,773, Bitcoin rallied to a late intraday high and a new swing hi $56,342.0.
Bitcoin broke through the first major resistance level at $52,449 and the second major resistance level at $53,332.
In spite of a late pullback, Bitcoin steered clear of the resistance levels to wrap up the day at $55,000 levels.
The near-term bullish trend remained intact, supported by the Wednesday’s new swing hi $52,577.0. For the bears, Bitcoin would need to slide through the 62% FIB of $23,995 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Friday.
Bitcoin Cash SV slid by 3.51% to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
In the current week, the crypto total market cap fell to a Monday low $1,350.01bn before rising to a Friday high $1,753.75bn. At the time of writing, the total market cap stood at $1,667.96bn.
Bitcoin’s dominance rose to a Wednesday high 63.41% before falling to a Friday low 59.92%. At the time of writing, Bitcoin’s dominance stood at 62.12%.