It was a mixed start to the day. Bitcoin rose to an early morning intraday high $58,159.0 before hitting reverse.
Falling short of the first major resistance level at $59,295, Bitcoin slid to an early afternoon intraday low $55,183.0.
Bitcoin fell through the first major support level at $55,430 before briefly revisiting $57,800 levels.
Falling short of $58,000 levels, Bitcoin fell back to end the day at sub-$57,300 levels.
The near-term bullish trend remained intact supported by the latest visit to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $24,751 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.
It was a bearish day for the rest of the majors.
In the current week, the crypto total market fell to a Monday low $1,508bn before rising to a Thursday high $1,769bn. At the time of writing, the total market cap stood at $1,727bn.
Bitcoin’s dominance fell to a Tuesday low 60.13% before rising to a Friday high 63.23%. At the time of writing, Bitcoin’s dominance stood at 62.35%.