Falling short of the first major resistance level at $46,392, Bitcoin slid to a late afternoon intraday low $43,786.0.
The sell-off saw Bitcoin fall through the first major support level at $45,006 and the second major support level at $44,480.
Steering clear of the third major support level at $43,094, Bitcoin revisited $44,500 levels before easing back.
The second major support level at $44,480 pegged Bitcoin back late in the day.
The near-term bullish trend remained intact, supported by the latest return to $46,000 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 Thursday.
Cardano’s ADA bucked the trend on the day, rising by 2.10%.
It was a bearish day for the rest of the majors, however.
Crypto.com Coin slid by 7.21% to lead the way down.
In the current week, the crypto total market fell to a Monday low $1,696bn before rising to a Wednesday high $1,932bn. At the time of writing, the total market cap stood at $1,842bn.
Bitcoin’s dominance rose to a Monday high 47.44% before falling to a Thursday low 45.03%. At the time of writing, Bitcoin’s dominance stood at 45.41%.