Steering clear of the of the first major support level at $44,818, Bitcoin rallied to a late intraday high $49,400.
Bitcoin broke through the first major resistance level at $47,887 and the second major resistance level at $49,008.
A late pullback, however, saw briefly Bitcoin fall back through the second major resistance level before ending the day at sub-$49,300 levels.
The near-term bullish trend remained intact, supported by the latest return to $49,000 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 Friday.
In the current week, the crypto total market fell to a Wednesday low $1,832bn before rising to a Friday high $2,110bn. At the time of writing, the total market cap stood at $2,068bn.
Bitcoin’s dominance fell to a Tuesday low 43.67% before rising to a Wednesday high 45.35%. At the time of writing, Bitcoin’s dominance stood at 44.67%.