Bitcoin fell through the first major support level at $39,331 before rallying to a final hour intraday high $42,299.2.
Bitcoin broke through the first major resistance level at $40,682 and the second major resistance level at $41,328.
More significantly, Bitcoin also broke through the 38.2% FIB of $41,592 to end the day at $42,000 levels.
The near-term bullish trend remained intact, supported by the latest return to $42,000 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 mixed day on Friday.
Crypto.com Coin and Polkadot fell by 1.22% and by 1.83% respectively to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
In the current the week, the crypto total market fell to a Monday low $1,379bn before rising to a Friday high $1,640bn. At the time of writing, the total market cap stood at $1,610bn.
Bitcoin’s dominance fell to a Monday low 47.07% before jumping to a Wednesday high 49.16%. At the time of writing, Bitcoin’s dominance stood at 49.02%.